Find out how successful traders have been on the FX markets so far this Monday by watching the Dukascopy Midday Snapshot.
Euro/Dollar’s start of the week has been clam – rate movement is flat and traded volume is low. Neutral sentiment of the traders is 3% long. Narrow price movement range and the passive trading approach both suggest no significant moves in funds are likely.
Pound/Dollar hit the daily high hours into the trading day and a following slide has resulted in a loss of point 43%. The Cable sees 49% more than typical funds and neutral sentiment is 6% short. Late slide was good news for those who had short positions.
Dollar/Yen moved South in a couple of waves and a loss of point 25% has been posted. Turnover is average and neutral sentiment of the traders is 9% short. A couple of declines make a successful morning session more likely for bearish traders.
Pound/Yen took a sharp slide as midday approached and a loss of point 68% was recorded at 12 o’clock. Traded volume is high and most of the traders have been forecasting the pair to head lower. Late slide makes profits very much likely.
Euro/Yen’s high and low difference is 53 pips, but the pair sees a typical amount of funds. Neutral sentiment of the traders is 6% short. Rate movement has been calmer than usual, limiting profit opportunities for investors.
I’m Kiays Khalil and that’s it for the 12 o’clock Midday Snapshot report. Goodbye for now.

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