You’re watching the Midday Snapshot for Tuesday, brought to you by the Dukascopy Forex TV Team. Euro/Dollar was trending gradually higher, but a following decline has resulted in a slight loss. Turnover is high and sentiment of the traders is neutral, almost at an even balance. Bulls had some chances early on, but the following decline of 52 pips was good news for bears. Pound/Dollar has surged by 128 pips and a gain of point 79% was recorded at 12 o’clock. The Cable has attracted an average amount of funds and sentiment of the traders is neutral, 11% long. Trading should be successful for the small majority of the traders that had long positions. Dollar/Yen has gained some ground as well and the pair approached the 110 level. Traded volume is low and neutral sentiment of the market players is 13% short. Bullish rate movement makes profits more likely for those who were long. Pound/Yen has been on a steep rise as well and it puts the pair more than 1% in the green. Traders have used 40% more than typical funds and most of them have been driven by bearish expectations. The rate went in the opposite direction to those forecasts, suggesting losses for investors. Euro/Yen retreated slightly from the daily high to stand point 18% up from the opening level at 12 o’clock. This pair sees less than half of the monthly average funds and sentiment of the traders is bearish, 15% short. Steep rise has brought risks, but the calm trading is what should limit losses. I’m Jessica Walker and that concludes Tuesday’s Midday Snapshot.
You’re watching the Midday Snapshot for Tuesday, brought to you by the Dukascopy Forex TV Team.
Euro/Dollar was trending gradually higher, but a following decline has resulted in a slight loss. Turnover is high and sentiment of the traders is neutral, almost at an even balance. Bulls had some chances early on, but the following decline of 52 pips was good news for bears.
Pound/Dollar has surged by 128 pips and a gain of point 79% was recorded at 12 o’clock. The Cable has attracted an average amount of funds and sentiment of the traders is neutral, 11% long. Trading should be successful for the small majority of the traders that had long positions.
Dollar/Yen has gained some ground as well and the pair approached the 110 level. Traded volume is low and neutral sentiment of the market players is 13% short. Bullish rate movement makes profits more likely for those who were long.
Pound/Yen has been on a steep rise as well and it puts the pair more than 1% in the green. Traders have used 40% more than typical funds and most of them have been driven by bearish expectations. The rate went in the opposite direction to those forecasts, suggesting losses for investors.
Euro/Yen retreated slightly from the daily high to stand point 18% up from the opening level at 12 o’clock. This pair sees less than half of the monthly average funds and sentiment of the traders is bearish, 15% short. Steep rise has brought risks, but the calm trading is what should limit losses.
I’m Jessica Walker and that concludes Tuesday’s Midday Snapshot.
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