It`s noon GMT on this Tuesday and time for the Dukascopy Midday Snapshot where you can find out how successful market players have been during the morning session. I`m Monica Gibson.
Euro/Dollar stood just slightly in the red at 12 o`clock after trading in a total range of 47 pips. Traded volume is 26% up from the monthly average and the sentiment is neutral, 1% long. Bears had their chances during the downtrend, but the following rise was good news for bullish traders.
Pound/Dollar rose by a total of 40 pips after 8 o `clock, but a following correction has wiped some of the gains. The Cable sees less than half of the monthly average funds and the sentiment is bearish, 34% short. Rate movement has been mostly flat and volume is extremely low, so both profits and losses shouldn’t be major.
Dollar/Yen has been moving sharply North and it was close to 1% in the green at 12 o`clock. Market players have used a typical amount of funds trading this instrument and the sentiment is neutral, 6% short. This should be a successful morning session for those who had long positions.
Pound/Yen moved steeply higher and it hit the daily high of 184 shortly after 10 AM. Turnover is average and the sentiment is neutral, short positions are in the lead by 7%. The steep rise suggests profits are more likely for those who had long positions.
Euro/Yen has had a bullish day so far and it was point 88% in the green at noon. This pair has been traded passively, volume is extremely low and the sentiment is strongly bearish, 42% short. There’s a strong conflict between the sentiment of the traders and the actual rate movement direction, making losses more likely for investors, but they should be limited by the passive trading.
You`ve been watching the Midday Snapshot for Tuesday. We`ll be updating these stats every hour, so stay tuned.

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