We’re halfway through this week’s first trading day, so let’s look back at the rate movements and trader performance. Euro/Dollar has declined by 80 pips to trade point 46% in the red at 12 o’clock. Traded volume is average and neutral sentiment of the traders is almost at an even balance. Decline suggests a successful start of the day for those who were short. Pound/Dollar rose early on, but a following decline wiped out all of the gains. This pair sees just half of the monthly average funds and neutral sentiment is 2% short. Both sides have seen some chances, but the passive trading approach is the limiting factor. Dollar/Yen has been on a rise during most of the day and the pair stood point 22% in the green at noon. Turnover is low and neutral sentiment of the traders is 8% long. Steep uptrend puts bullish market players in better positions so far this week. Pound/Yen rose after the early decline and a slight gain was posted at midday. Trading has been passive, volume is extremely low and most of the traders have been forecasting the pair to head lower. Traders faced some risks as the rate appreciated by 69 pips. Euro/Yen has had a relatively slow session- it declined by 41 pips and the pair sees 39% less than typical funds. Most of the market players have been forecasting the pair to head higher. Gradual decline has brought risks, but they should be limited by the narrow price movement range and slow trading approach. You’ve been watching the Dukascopy Midday Snapshot for Monday.
We’re halfway through this week’s first trading day, so let’s look back at the rate movements and trader performance.
Euro/Dollar has declined by 80 pips to trade point 46% in the red at 12 o’clock. Traded volume is average and neutral sentiment of the traders is almost at an even balance. Decline suggests a successful start of the day for those who were short.
Pound/Dollar rose early on, but a following decline wiped out all of the gains. This pair sees just half of the monthly average funds and neutral sentiment is 2% short. Both sides have seen some chances, but the passive trading approach is the limiting factor.
Dollar/Yen has been on a rise during most of the day and the pair stood point 22% in the green at noon. Turnover is low and neutral sentiment of the traders is 8% long. Steep uptrend puts bullish market players in better positions so far this week.
Pound/Yen rose after the early decline and a slight gain was posted at midday. Trading has been passive, volume is extremely low and most of the traders have been forecasting the pair to head lower. Traders faced some risks as the rate appreciated by 69 pips.
Euro/Yen has had a relatively slow session- it declined by 41 pips and the pair sees 39% less than typical funds. Most of the market players have been forecasting the pair to head higher. Gradual decline has brought risks, but they should be limited by the narrow price movement range and slow trading approach.
You’ve been watching the Dukascopy Midday Snapshot for Monday.
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