Midday Snapshot

Find out how the sentiment of the traders lines up with the actual rate shifts after 12 hours of trading on this Friday. I`m Louise McCauley.
Euro/Dollar was heading South for hours, but a late rise has wiped out some of the loss. Traded volume is average and the neutral sentiment is just 1% short. Bears had plenty of chances as the rate was heading lower, but a late rise was good news for those who had long positions.
Pound/Dollar’s trend changed after the low of 1 5199 was reached and the rate was back near the opening level at noon. Turnover is 26% up from the monthly average and long positions dominate by 47%. Traders saw their opportunities as the trend changed after 6 o’clock.
Dollar/Yen rose by a total of 30 pips, before a decline cancelled out all of the gain. Traded volume is average and most of the traders have been bullish in their forecasts. Traders saw some solid chances as the rate was heading higher.
A single trend hasn’t formed for the Pound/Yen and the pair was back near the opening level at midday. Trading has been passive, volume is extremely low and sentiment of the traders is bullish at 19% long. Traders have seen chances and risks, but the slow trading is what should be limiting moves in funds.
Euro/Yen declined by 56 pips, but a following rise has taken the rate back closer towards the opening level. Traded volume is extremely low and most of the market players have been expecting the rate to move higher. Downtrend has brought plenty of risks, but the late rise was good news.
So that’s it for Friday’s Midday Snapshot. Stay tuned for the hourly updates to track the latest changes in trader performance trends.