Morning session is over on this week’s last trading day and it’s time for the Dukascopy Midday Snapshot. Euro/Dollar has moved slowly South by a total of 46 pips and the pair sees just half of the monthly average funds. Neutral sentiment of the traders is 9% long. Bears had some chances, but both the slow trading and flat rate movement are limiting factors. Pound/Dollar spiked by 78 pips hours into the trading day and a slight gain has been posted. The Cable see 37% less than typical funds and most of the market players have been forecasting the pair to head higher. Traders have seen both chances and risks, but the slow trading suggests no major moves in funds should be expected. Dollar/Yen declined by just 40 pips, but most of the loss has been wiped out. Turnover is average and sentiment is bullish, long positions are up by 34%. Both sides have had their profit chances, but the narrow price movement range is what should keep shifts in funds insignificant. Pound/yen was just slightly up from the opening level after walking in a total range of 82 pips. This pair sees 62% more than typical funds and most of them have been driven by bullish expectations. Success depends on the timing of the trades as a single trend hasn’t formed. Euro/Yen moved sharply lower, but some of the loss has been recovered in a following rise. Traded volume is high and short positions clearly dominate by 50%. Trading should be successful if it was done before the daily low was hit. I’m Jack Everitt and this brings Friday’s Midday Snapshot to an end. Goodbye for now.
Morning session is over on this week’s last trading day and it’s time for the Dukascopy Midday Snapshot.
Euro/Dollar has moved slowly South by a total of 46 pips and the pair sees just half of the monthly average funds. Neutral sentiment of the traders is 9% long. Bears had some chances, but both the slow trading and flat rate movement are limiting factors.
Pound/Dollar spiked by 78 pips hours into the trading day and a slight gain has been posted. The Cable see 37% less than typical funds and most of the market players have been forecasting the pair to head higher. Traders have seen both chances and risks, but the slow trading suggests no major moves in funds should be expected.
Dollar/Yen declined by just 40 pips, but most of the loss has been wiped out. Turnover is average and sentiment is bullish, long positions are up by 34%. Both sides have had their profit chances, but the narrow price movement range is what should keep shifts in funds insignificant.
Pound/yen was just slightly up from the opening level after walking in a total range of 82 pips. This pair sees 62% more than typical funds and most of them have been driven by bullish expectations. Success depends on the timing of the trades as a single trend hasn’t formed.
Euro/Yen moved sharply lower, but some of the loss has been recovered in a following rise. Traded volume is high and short positions clearly dominate by 50%. Trading should be successful if it was done before the daily low was hit.
I’m Jack Everitt and this brings Friday’s Midday Snapshot to an end. Goodbye for now.
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