The morning session is over on this Tuesday, and it’s time for the Dukascopy Midday Snapshot.
Euro/Dollar has declined by 73 pips to trade point 43% in the red at 12 o’clock. Traded volume is average and neutral sentiment of the traders is 4% long. Steep decline suggests a successful morning session for those who were in short positions.
Pound/Dollar rose briefly above the 1 33 level, but the pair was back near the opening level at noon. Turnover is high and sentiment of the traders is neutral, long positions are up by 4%. Rise was followed by a decline, providing both sides with their profit chances.
Dollar/Yen has been heading higher and the pair was point 27% in the green at midday. Traders have used 56% more than typical funds trading this pair and sentiment is neutral at 1% short. Uptrend has provided plenty of profit opportunities for bullish market players.
Pound/Yen has spiked by 88 pips and only a gain of point 23% was posted at 12 o’clock. Traded volume is average and sentiment of the traders is bearish, short positions are up by 17%. Traders saw their profit chances after the daily high was hit.
Euro/Yen moved slowly South to hit the daily low of 130 16. Traded volume is average and most of the funds have been in long positions. There were risks in a form of gradual decline, but the narrow price movement range is the limiting factor.
I’m Kiays Khalil and this was the Midday Snapshot for Tuesday.

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