The morning session is over on this Tuesday, and it’s time for the Dukascopy Midday Snapshot. Euro/Dollar rose gradually by just 53 pips and the pair sees 27% less than typical funds. Sentiment of the traders is neutral, long positions are up by 10%. Gradual rise provided some chances for bulls, but trading has been passive and rate movement range narrow. Pound/Dollar moved towards the 1 40 level, gaining a total of 84 pips. Turnover is low and sentiment of the traders is neutral, short positions are up by just 4%. Rise puts bullish market players in better positions so far today. Dollar/Yen has seen the trend change a couple of times and the pair was back near the opening level at noon. Traders have used more than double the monthly average funds and sentiment is neutral. Success depends on the timing of the trades as a single trend hasn’t formed. Pound/Yen rose sharply by more than 100 pips and the pair was point 36% in the green at midday. Turnover is extremely low and most of the traders have been forecasting the pair to head higher. It did go per those expectations and a more active trading approach would have increased profits. Euro/Yen gave up some of the gains after rising by 84 pips. Traded volume is low and most of the funds have been driven by bullish expectations. There were plenty of profit opportunities as the pair rose by 84 pips. I’m Jack Everitt and that’s how things look so far for currency traders.
The morning session is over on this Tuesday, and it’s time for the Dukascopy Midday Snapshot.
Euro/Dollar rose gradually by just 53 pips and the pair sees 27% less than typical funds. Sentiment of the traders is neutral, long positions are up by 10%. Gradual rise provided some chances for bulls, but trading has been passive and rate movement range narrow.
Pound/Dollar moved towards the 1 40 level, gaining a total of 84 pips. Turnover is low and sentiment of the traders is neutral, short positions are up by just 4%. Rise puts bullish market players in better positions so far today.
Dollar/Yen has seen the trend change a couple of times and the pair was back near the opening level at noon. Traders have used more than double the monthly average funds and sentiment is neutral. Success depends on the timing of the trades as a single trend hasn’t formed.
Pound/Yen rose sharply by more than 100 pips and the pair was point 36% in the green at midday. Turnover is extremely low and most of the traders have been forecasting the pair to head higher. It did go per those expectations and a more active trading approach would have increased profits.
Euro/Yen gave up some of the gains after rising by 84 pips. Traded volume is low and most of the funds have been driven by bullish expectations. There were plenty of profit opportunities as the pair rose by 84 pips.
I’m Jack Everitt and that’s how things look so far for currency traders.
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