It’s 12 PM GMT on this Tuesday, which means it’s time for the Dukascopy Midday Snapshot. Euro/Dollar stood just a fraction in the green after walking in the total range of 26 pips. This pair sees the usual amount of funding, and the neutral trader’s sentiment stands at 8% short. The low volatility should limit any shifts in funds. The Cable’s biggest move was a decline of 38 pips, but the pair was just a fraction in the red at noon. Trading has been somewhat slower than usual, and sentiment is neutral at 24% short. Traders had some chances during the day, but they were quite limited. Dollar/Yen has had a bearish session, and a gradual decline of 54 pips left it point 39% down from the opening level at midday. Trading has been typical in terms of volume, and the sentiment is neutral at just 2% short. Trading should be successful for bears, but bulls will face losses. Pound/Yen is down as well, having lost 90 pips or point 48% during the last 12 hours. Trading has been more active than usual, and the neutral trader’s sentiment stands at 5% long. Once again, going short has been the winning strategy, but bullish bets most likely brought losses. And Euro/Yen is another Yen pair which has seen a loss, as a decline of 59 pips left it point 31% in the red. Traded volume is in line with the monthly average, and traders indeed had anticipated the decline as short positions are up by no less than 44%, so, for once, most traders have had a good day. This was the Midday Snapshot for Tuesday. I’m Kiays Khalil and you may track the latest developments with the hourly updates.
It’s 12 PM GMT on this Tuesday, which means it’s time for the Dukascopy Midday Snapshot.
Euro/Dollar stood just a fraction in the green after walking in the total range of 26 pips. This pair sees the usual amount of funding, and the neutral trader’s sentiment stands at 8% short. The low volatility should limit any shifts in funds.
The Cable’s biggest move was a decline of 38 pips, but the pair was just a fraction in the red at noon. Trading has been somewhat slower than usual, and sentiment is neutral at 24% short. Traders had some chances during the day, but they were quite limited.
Dollar/Yen has had a bearish session, and a gradual decline of 54 pips left it point 39% down from the opening level at midday. Trading has been typical in terms of volume, and the sentiment is neutral at just 2% short. Trading should be successful for bears, but bulls will face losses.
Pound/Yen is down as well, having lost 90 pips or point 48% during the last 12 hours. Trading has been more active than usual, and the neutral trader’s sentiment stands at 5% long. Once again, going short has been the winning strategy, but bullish bets most likely brought losses.
And Euro/Yen is another Yen pair which has seen a loss, as a decline of 59 pips left it point 31% in the red. Traded volume is in line with the monthly average, and traders indeed had anticipated the decline as short positions are up by no less than 44%, so, for once, most traders have had a good day.
This was the Midday Snapshot for Tuesday. I’m Kiays Khalil and you may track the latest developments with the hourly updates.
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