It’s 12 o’clock GMT on this week’s first trading day and time for the Dukascopy Midday Snapshot. Euro/Dollar’s gradual uptrend was followed by a decline, which took the rate back below the opening level. Trading has been passive, volume is extremely low and neutral sentiment of the traders is 7% long. Both sides have had their profit chances, but the passive trading approach is the limiting factor. Pound/Dollar has had a slow session, high and low difference is 41 pips and traded volume is extremely low. Sentiment of the traders is neutral, short positions are up by 10%. Both the calm rate movement and the passive trading suggest no significant moves in funds are likely. Dollar/Yen dropped during the early trading hours and a loss of point 26% was posted by noon. Turnover is low and neutral sentiment is 6% long. Early decline makes a successful start of the day more likely for those who were short. Pound/Yen hasn’t fully recovered after the early slide and the pair stood point 27% in the red at midday. This pair sees just half of the monthly average funds and most of those have been driven by bullish expectations. Early decline makes losses more likely, but losses should be cushioned by the passive trading approach. Euro/Yen moved South in a couple of waves and a loss of point 39% has been posted. Traded volume is extremely low and sentiment of the market players is neutral, 9% short. Sharp downtrend suggests a successful session for those who were short. I’m Jack Everitt and this wraps up the Midday Snapshot for Monday. Bye for now.
It’s 12 o’clock GMT on this week’s first trading day and time for the Dukascopy Midday Snapshot.
Euro/Dollar’s gradual uptrend was followed by a decline, which took the rate back below the opening level. Trading has been passive, volume is extremely low and neutral sentiment of the traders is 7% long. Both sides have had their profit chances, but the passive trading approach is the limiting factor.
Pound/Dollar has had a slow session, high and low difference is 41 pips and traded volume is extremely low. Sentiment of the traders is neutral, short positions are up by 10%. Both the calm rate movement and the passive trading suggest no significant moves in funds are likely.
Dollar/Yen dropped during the early trading hours and a loss of point 26% was posted by noon. Turnover is low and neutral sentiment is 6% long. Early decline makes a successful start of the day more likely for those who were short.
Pound/Yen hasn’t fully recovered after the early slide and the pair stood point 27% in the red at midday. This pair sees just half of the monthly average funds and most of those have been driven by bullish expectations. Early decline makes losses more likely, but losses should be cushioned by the passive trading approach.
Euro/Yen moved South in a couple of waves and a loss of point 39% has been posted. Traded volume is extremely low and sentiment of the market players is neutral, 9% short. Sharp downtrend suggests a successful session for those who were short.
I’m Jack Everitt and this wraps up the Midday Snapshot for Monday. Bye for now.
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