It’s 12 PM GMT on this Wednesday, and it’s time for the Dukascopy Midday Snapshot. Euro/Dollar has walked in a relatively narrow range, declining by 46 pips hours into the trading day. Traded volume is average and neutral sentiment of the traders is 4% long. Decline has provided some chances for bears, but the narrow price movement range is the limiting factor. The Cable’s volatility of 52 pips is calmer than usual, but the pair sees a massive 546% more than typical funds. Neutral sentiment is almost at an even balance. Both sides have had their profit chances, but the generally narrow price movement range is what limits upside potential. Dollar/Yen has been trending up and the pair stood point 34% in the green at 12 o’clock. Trading has been active, volume is high and neutral sentiment is leaning towards the long side by 13%. Uptrend has provided plenty of profit chances for the small majority of the traders that had long positions. Pound/Yen rose during the early trading hours and a gain of point 2% was posted at noon. This pair sees just half of the monthly average funds and most of them have been in short positions. Early rise has brought some risks, but losses should be cushioned by the passive trading approach. Euro/Yen has been mostly trading sideways, but the pair has attracted an average amount of funds. Neutral sentiment of the traders is just 1% long. There were some opportunities for bulls early on, but rate movement has been flat afterwards. I’m Jack Everitt and this is how traders have performed by noon GMT on this Wednesday.
It’s 12 PM GMT on this Wednesday, and it’s time for the Dukascopy Midday Snapshot.
Euro/Dollar has walked in a relatively narrow range, declining by 46 pips hours into the trading day. Traded volume is average and neutral sentiment of the traders is 4% long. Decline has provided some chances for bears, but the narrow price movement range is the limiting factor.
The Cable’s volatility of 52 pips is calmer than usual, but the pair sees a massive 546% more than typical funds. Neutral sentiment is almost at an even balance. Both sides have had their profit chances, but the generally narrow price movement range is what limits upside potential.
Dollar/Yen has been trending up and the pair stood point 34% in the green at 12 o’clock. Trading has been active, volume is high and neutral sentiment is leaning towards the long side by 13%. Uptrend has provided plenty of profit chances for the small majority of the traders that had long positions.
Pound/Yen rose during the early trading hours and a gain of point 2% was posted at noon. This pair sees just half of the monthly average funds and most of them have been in short positions. Early rise has brought some risks, but losses should be cushioned by the passive trading approach.
Euro/Yen has been mostly trading sideways, but the pair has attracted an average amount of funds. Neutral sentiment of the traders is just 1% long. There were some opportunities for bulls early on, but rate movement has been flat afterwards.
I’m Jack Everitt and this is how traders have performed by noon GMT on this Wednesday.
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