We’re halfway through the first trading day of the week, and it’s time for the Dukascopy Midday Snapshot. Euro/Dollar has been inching higher, gaining a total of 34 pips, and the pair was point 15% in the green at noon. Traded volume is in line with the monthly average, and the neutral traders’ sentiment stands at 10% short. Bulls have been in better positions so far, although any profits will probably be limited by the narrow rate movement. The Cable, on the other hand, is off to a bearish start of the week, and a loss of 89 pips left it almost half a percent in the red at midday, with the usual amount of funding. Most traders had actually anticipated the decline, as short positions are up by 16%, and this means that they have had a successful session. Dollar/Yen is down as well, having lost a total of 51 pips or point 4%. This pair sees the usual amount of funding, and the sentiment is neutral as both sides are at a balance. Still, the rate movement has not been balanced and, indeed, it has been much more favourable for bears. Pound/Yen has seen an even stronger drop, losing 149 pips, and it was point 88% in the red at 12 o’clock. Trading has been slower than usual, and the neutral trader’s sentiment stands at 10% long. Bears have actually seen some great opportunities for profit, whereas bulls faced losses. And Euro/Yen’s single biggest move was posted after 8 o’clock, when it dropped by 51 pips. The pair was point 25% down from the opening level after 12 hours of trading. Traded volume is the usual for this pair, and the sentiment is neutral at 10% short. Bears had their chances in the second part of the session. I’m Jack Everitt and this was the Midday Snapshot for Monday. You may track the latest developments with the hourly updates.
We’re halfway through the first trading day of the week, and it’s time for the Dukascopy Midday Snapshot.
Euro/Dollar has been inching higher, gaining a total of 34 pips, and the pair was point 15% in the green at noon. Traded volume is in line with the monthly average, and the neutral traders’ sentiment stands at 10% short. Bulls have been in better positions so far, although any profits will probably be limited by the narrow rate movement.
The Cable, on the other hand, is off to a bearish start of the week, and a loss of 89 pips left it almost half a percent in the red at midday, with the usual amount of funding. Most traders had actually anticipated the decline, as short positions are up by 16%, and this means that they have had a successful session.
Dollar/Yen is down as well, having lost a total of 51 pips or point 4%. This pair sees the usual amount of funding, and the sentiment is neutral as both sides are at a balance. Still, the rate movement has not been balanced and, indeed, it has been much more favourable for bears.
Pound/Yen has seen an even stronger drop, losing 149 pips, and it was point 88% in the red at 12 o’clock. Trading has been slower than usual, and the neutral trader’s sentiment stands at 10% long. Bears have actually seen some great opportunities for profit, whereas bulls faced losses.
And Euro/Yen’s single biggest move was posted after 8 o’clock, when it dropped by 51 pips. The pair was point 25% down from the opening level after 12 hours of trading. Traded volume is the usual for this pair, and the sentiment is neutral at 10% short. Bears had their chances in the second part of the session.
I’m Jack Everitt and this was the Midday Snapshot for Monday. You may track the latest developments with the hourly updates.
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