The morning session is over on this Tuesday, and it’s time for the Dukascopy Midday Snapshot.
Euro/Dollar has been slower than usual, declining by 41 pips after 8 AM. Traded volume is average and neutral sentiment of the traders is 5% short. There were some chances for bears as the pair declined, but the narrow price movement range is the limiting factor.
Pound/Dollar shot up by almost 100 pips as the pair approached the 1 34 level. The Cable sees a typical amount of funds and neutral sentiment is 1% long. Surge puts bullish market players in better positions so far today.
Dollar/Yen moved slowly South of the 110 level to trade point 19% in the red at noon. Traded volume is extremely low and most of the funds have been in short positions. There were some profit chances as the pair moved lower and a more active trading approach would have increased profits.
Pound/Yen has moved sharply up by almost 100 pips and the pair was slightly in the green at midday. Turnover is average and neutral sentiment is leaning towards the long side by 11%. Steep rise has provided profit chances for bulls.
Euro/Yen has declined by 53 pips and a loss of point 35% was posted. Traded volume is high and bullish sentiment is 18% long. The rate went in the opposite direction to those forecasts and losses are more likely.
I’m Kiays Khalil and that’s how things look so far for currency traders.

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