We’re halfway through this week’s last trading day, so let’s see how things are shaping up for the market players. Day has been slow for the Euro/Dollar – high and low difference is 22 pips and traded volume is extremely low. Most of the funds have been driven by bullish expectations, but both the flat rate movement and passive approach suggest no major moves in funds are likely. Pound/Dollar took a slide and it has resulted in a loss of point 54%. The Cable sees 33% less than typical funds and most of the traders have been forecasting the rate to head lower. It did go per those expectations and only the passive trading approach limits upside potential. Dollar/Yen shot up early in the session and a gain of point 53% was posted t 12 o’clock. Traded volume is average and sentiment of the traders is neutral, 7% short. Early surge makes a successful morning session more likely for those who had long positions. Pound/Yen retreated after the early rise and the pair was back at the opening level at noon. This pair sees 22% less than typical funds and sentiment of the market players is neutral, short positions are up by 2%. Bulls had their chances early on, but the following decline was good news for bears. Euro/Yen rose to hit the daily high a pip above the 130 level and a gain of point 41% was posted at midday. Traded volume is high and most of the traders have been forecasting the pair to head South. Steep rise has brought risks for investors. This was Jessica Walker with the Dukascopy Midday Snapshot. You may track the latest developments with the hourly updates.
We’re halfway through this week’s last trading day, so let’s see how things are shaping up for the market players.
Day has been slow for the Euro/Dollar – high and low difference is 22 pips and traded volume is extremely low. Most of the funds have been driven by bullish expectations, but both the flat rate movement and passive approach suggest no major moves in funds are likely.
Pound/Dollar took a slide and it has resulted in a loss of point 54%. The Cable sees 33% less than typical funds and most of the traders have been forecasting the rate to head lower. It did go per those expectations and only the passive trading approach limits upside potential.
Dollar/Yen shot up early in the session and a gain of point 53% was posted t 12 o’clock. Traded volume is average and sentiment of the traders is neutral, 7% short. Early surge makes a successful morning session more likely for those who had long positions.
Pound/Yen retreated after the early rise and the pair was back at the opening level at noon. This pair sees 22% less than typical funds and sentiment of the market players is neutral, short positions are up by 2%. Bulls had their chances early on, but the following decline was good news for bears.
Euro/Yen rose to hit the daily high a pip above the 130 level and a gain of point 41% was posted at midday. Traded volume is high and most of the traders have been forecasting the pair to head South. Steep rise has brought risks for investors.
This was Jessica Walker with the Dukascopy Midday Snapshot. You may track the latest developments with the hourly updates.
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