It’s time for the Dukascopy midday snapshot, where we assess the performance of traders until 12pm GMT on this Tuesday. Euro/Dollar rose briefly above the 1 18 level and a slight gain was posted at noon. Turnover is low and sentiment of the traders is neutral, short positions are up by 6%. Gradual rise has provided chances for bulls, but the slow trading approach suggests no significant profits or losses should be expected. Pound/Dollar rose sharply by 78 pips, but most of the gains were given up in a following correction. The Cable sees one third more than typical funds and neutral sentiment of the traders is 10% short. Both sides have had their chances as rise was followed by a decline. Dollar/Yen was moving lower towards the 110 level, but most of the loss was recovered in a following rise. Traded volume is low and neutral sentiment of the traders is close to an even balance. Bears saw their profit opportunities as the pair declined, but the late rise was good news for bulls. Pound/Yen was back at the opening level at noon after walking in a total range of 88 pips. Turnover is low and most of the traders have been forecasting the pair to head lower. Traders had their profit opportunities after the daily high was reached. Euro/Yen has been mostly trending up and the pair was just slightly in the green as it retreated from the daily high. Traded volume is average and bearish sentiment is leaning towards the short side by 15%. A single trend hasn’t formed here, providing both sides with their profit chances. Well, that’s all for this midday snapshot with myself Kiays Khalil. Thank you for watching and good luck with the rest of your trading day.
It’s time for the Dukascopy midday snapshot, where we assess the performance of traders until 12pm GMT on this Tuesday.
Euro/Dollar rose briefly above the 1 18 level and a slight gain was posted at noon. Turnover is low and sentiment of the traders is neutral, short positions are up by 6%. Gradual rise has provided chances for bulls, but the slow trading approach suggests no significant profits or losses should be expected.
Pound/Dollar rose sharply by 78 pips, but most of the gains were given up in a following correction. The Cable sees one third more than typical funds and neutral sentiment of the traders is 10% short. Both sides have had their chances as rise was followed by a decline.
Dollar/Yen was moving lower towards the 110 level, but most of the loss was recovered in a following rise. Traded volume is low and neutral sentiment of the traders is close to an even balance. Bears saw their profit opportunities as the pair declined, but the late rise was good news for bulls.
Pound/Yen was back at the opening level at noon after walking in a total range of 88 pips. Turnover is low and most of the traders have been forecasting the pair to head lower. Traders had their profit opportunities after the daily high was reached.
Euro/Yen has been mostly trending up and the pair was just slightly in the green as it retreated from the daily high. Traded volume is average and bearish sentiment is leaning towards the short side by 15%. A single trend hasn’t formed here, providing both sides with their profit chances.
Well, that’s all for this midday snapshot with myself Kiays Khalil. Thank you for watching and good luck with the rest of your trading day.
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