The morning session is over on this Wednesday, and it’s time for the Dukascopy Midday Snapshot. Euro/Dollar rose slightly early on, but all of the gains were given up as the rate retreated by a total of 51 pips. Traded volume is extremely low and neutral sentiment is 2% long. Both sides have had only limited profit chances due to the narrow price movement range and passive trading approach. The Cable has been trending South by a total of 80 pips and the pair sees 26% less than typical funds. Most of the traders have been forecasting for Sterling to move lower. It did go per those expectations, making profits very likely. Dollar/Yen dropped during the early trading hours, but a large chunk of the loss has been recovered. Trading has been active, volume is high and neutral sentiment of the traders is 10% long. Both sides have had their chances as the slide was followed by a rise. Pound/Yen declined sharply shortly after midnight and a loss of point 61% has been posted by noon. Traded volume is average and sentiment of the traders is bullish, long positions are up by 27%. Steep decline has brought risks for market players. Euro/Yen never really recovered after the early slide and the pair was point 44% in the red at midday. Traded volume is low and most of the traders have been forecasting the pair to head higher. Early slide suggests losses, but the calm trading approach is the limiting factor. I’m ____________ and that’s how things look so far on this Wednesday. Bye for now.
The morning session is over on this Wednesday, and it’s time for the Dukascopy Midday Snapshot.
Euro/Dollar rose slightly early on, but all of the gains were given up as the rate retreated by a total of 51 pips. Traded volume is extremely low and neutral sentiment is 2% long. Both sides have had only limited profit chances due to the narrow price movement range and passive trading approach.
The Cable has been trending South by a total of 80 pips and the pair sees 26% less than typical funds. Most of the traders have been forecasting for Sterling to move lower. It did go per those expectations, making profits very likely.
Dollar/Yen dropped during the early trading hours, but a large chunk of the loss has been recovered. Trading has been active, volume is high and neutral sentiment of the traders is 10% long. Both sides have had their chances as the slide was followed by a rise.
Pound/Yen declined sharply shortly after midnight and a loss of point 61% has been posted by noon. Traded volume is average and sentiment of the traders is bullish, long positions are up by 27%. Steep decline has brought risks for market players.
Euro/Yen never really recovered after the early slide and the pair was point 44% in the red at midday. Traded volume is low and most of the traders have been forecasting the pair to head higher. Early slide suggests losses, but the calm trading approach is the limiting factor.
I’m ____________ and that’s how things look so far on this Wednesday. Bye for now.
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