Forex markets have seen some sharp movements during the last 12 hours, so let’s take a closer look with the Dukascopy Midday Snapshot. I’m Monica Gibson No doubt, Euro/Dollar is the biggest story of the day, as the pair has extended its bearish streak, losing point 98%. This pair sees almost twice the usual amount of funding, and the sentiment is neutral at 6% short. It’s fair to say the last couple of days have been very good for bearish traders and pretty harsh for bulls. The Cable has seen a bumpy decline, and it stood point 16% in the red at midday. Traded volume is 20% down from the monthly average, and the sentiment is neutral at 2% short. The downtrend makes success more likely for bears, albeit bulls have had some limited opportunities. Dollar/Yen is on the rise, reflecting the Greenback’s strength across the board, and it was up by point 33% at noon. Trading has been typical in terms of volume, and the sentiment is neutral at 6% long. Success is likely for the small majority of traders with long positions. Pound/Yen has seen several drops, but the overall trend has been bullish, and it was point 17% up from the opening level at 12 o’clock. Traders have conducted their trades with 63% more funding than usual, and sentiment is neutral, close to a balance. Profits are more likely for bulls, although bears had their chances during the drops. And Euro/Yen has been trending South for most of the day, losing point 65% by midday. Traded volume is a quarter up from this pair’s usual amount, and the sentiment is neutral at 7% long. Bears have had good opportunities throughout the day, but losses are more likely for bulls. So that’s how things look far, but you may track the latest developments with the hourly updates.
Forex markets have seen some sharp movements during the last 12 hours, so let’s take a closer look with the Dukascopy Midday Snapshot. I’m Monica Gibson
No doubt, Euro/Dollar is the biggest story of the day, as the pair has extended its bearish streak, losing point 98%. This pair sees almost twice the usual amount of funding, and the sentiment is neutral at 6% short. It’s fair to say the last couple of days have been very good for bearish traders and pretty harsh for bulls.
The Cable has seen a bumpy decline, and it stood point 16% in the red at midday. Traded volume is 20% down from the monthly average, and the sentiment is neutral at 2% short. The downtrend makes success more likely for bears, albeit bulls have had some limited opportunities.
Dollar/Yen is on the rise, reflecting the Greenback’s strength across the board, and it was up by point 33% at noon. Trading has been typical in terms of volume, and the sentiment is neutral at 6% long. Success is likely for the small majority of traders with long positions.
Pound/Yen has seen several drops, but the overall trend has been bullish, and it was point 17% up from the opening level at 12 o’clock. Traders have conducted their trades with 63% more funding than usual, and sentiment is neutral, close to a balance. Profits are more likely for bulls, although bears had their chances during the drops.
And Euro/Yen has been trending South for most of the day, losing point 65% by midday. Traded volume is a quarter up from this pair’s usual amount, and the sentiment is neutral at 7% long. Bears have had good opportunities throughout the day, but losses are more likely for bulls.
So that’s how things look far, but you may track the latest developments with the hourly updates.
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