We’re halfway through this week’s first trading day, so let’s look back at trader performance and rate movements. Euro/Dollar’s initial rise of 37 pips was followed by a decline, but it still stood point 21% in the green at noon. This pair sees the usual amount of funding, and the neutral trader’s sentiment stands at 1% short. Success depends on timing, but it’s more likely for bulls. The Cable was back near the opening level after walking in the total range of just 24 pips. Traded volume is 27% down from this pair’s usual amount, and the sentiment is neutral at 8% long. The low volatility and slow trading should limit any profits or losses. Dollar/Yen’s single biggest move was a gain of 25 pips, but the pair was back near the opening level at noon. Trading has been average in terms of volume, and the sentiment again is neutral at 6% long. Bulls probably have been in better positions, but the narrow rate movement should limit any shifts in funds. Pound/Yen started moving higher after 7 o’clock, and a gain of 34 pips left it a fraction in the green at noon. Trading, however, has been much slower than usual, and sentiment is bearish as short positions prevail by 15%. The overall trend suggests losses are more likely, but they will be limited by the slow trading. And Euro/Yen jumped by 42 pips after 5 o’clock, which left it point 23% up from the opening level at midday. Traded volume is less than half the usual amount, but most traders indeed had anticipated a rise, as long positions are up by 46%. Trading should be successful, but a bolder approach would have increased the profits. I’m Celeste Skinner and that’s how things look so far. Stay tuned for the hourly updates.
We’re halfway through this week’s first trading day, so let’s look back at trader performance and rate movements.
Euro/Dollar’s initial rise of 37 pips was followed by a decline, but it still stood point 21% in the green at noon. This pair sees the usual amount of funding, and the neutral trader’s sentiment stands at 1% short. Success depends on timing, but it’s more likely for bulls.
The Cable was back near the opening level after walking in the total range of just 24 pips. Traded volume is 27% down from this pair’s usual amount, and the sentiment is neutral at 8% long. The low volatility and slow trading should limit any profits or losses.
Dollar/Yen’s single biggest move was a gain of 25 pips, but the pair was back near the opening level at noon. Trading has been average in terms of volume, and the sentiment again is neutral at 6% long. Bulls probably have been in better positions, but the narrow rate movement should limit any shifts in funds.
Pound/Yen started moving higher after 7 o’clock, and a gain of 34 pips left it a fraction in the green at noon. Trading, however, has been much slower than usual, and sentiment is bearish as short positions prevail by 15%. The overall trend suggests losses are more likely, but they will be limited by the slow trading.
And Euro/Yen jumped by 42 pips after 5 o’clock, which left it point 23% up from the opening level at midday. Traded volume is less than half the usual amount, but most traders indeed had anticipated a rise, as long positions are up by 46%. Trading should be successful, but a bolder approach would have increased the profits.
I’m Celeste Skinner and that’s how things look so far. Stay tuned for the hourly updates.
You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#218461
Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian
用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese
Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish
Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman
Regardez la Dukascopy TV dans votre langue: http://www.youtube.com/user/dukascopytvfrench
Veja a TV Dukascopy na sua língua: http://www.youtube.com/user/dukascopytvpt
Dukascopy TV is a free educational project producing daily updates on global markets, visit http://Dukascopy.com/tv for more