It`s noon GMT on this Wednesday and time for the Dukascopy Midday Snapshot. I`m Alex Iszatt. Despite the relatively narrow range of price movement, which is 52 pips, Euro/Dollar has attracted an average amount of funds. Sentiment of the traders is neutral, long positions are up by 10%. Both sides have seen their chances and risks, but the generally low volatility should limit any moves in funds. Pound/Dollar has been trending up and a gain of point 22% was posted at 12 o`clock. The Cable sees 64% more than usual funds and the sentiment is neutral, 8% short. Upward pressure has been stronger so far, making profits more likely for those who had long positions. Dollar/Yen reached the high of 107 50, before moving sharply down by a total of 61 pips and it was point 36% in the red at noon. Traders have used more than double the monthly average funds and the sentiment is neutral, 5% long. Bulls had their chances during the rise, but the late slide was good news for bears. Pound/Yen’s trend has changed during the morning session and the pair was back near the opening level at midday. Turnover is average and the sentiment is neutral, close to a balance. Success depends on the timing of the trades as a single trend hasn’t formed. Euro/Yen was moving up for hours after the early dip, but a following reversal has wiped out all of the gains. This pair has attracted 44% more than average funds and the sentiment is neutral, 1% long. Both sides have seen plenty of chances as uptrend as well as downtrend lasted for hours. This was the Midday Snapshot for Wednesday. We`ll be updating these stats on an hourly basis, so stay tuned.
It`s noon GMT on this Wednesday and time for the Dukascopy Midday Snapshot. I`m Alex Iszatt.
Despite the relatively narrow range of price movement, which is 52 pips, Euro/Dollar has attracted an average amount of funds. Sentiment of the traders is neutral, long positions are up by 10%. Both sides have seen their chances and risks, but the generally low volatility should limit any moves in funds.
Pound/Dollar has been trending up and a gain of point 22% was posted at 12 o`clock. The Cable sees 64% more than usual funds and the sentiment is neutral, 8% short. Upward pressure has been stronger so far, making profits more likely for those who had long positions.
Dollar/Yen reached the high of 107 50, before moving sharply down by a total of 61 pips and it was point 36% in the red at noon. Traders have used more than double the monthly average funds and the sentiment is neutral, 5% long. Bulls had their chances during the rise, but the late slide was good news for bears.
Pound/Yen’s trend has changed during the morning session and the pair was back near the opening level at midday. Turnover is average and the sentiment is neutral, close to a balance. Success depends on the timing of the trades as a single trend hasn’t formed.
Euro/Yen was moving up for hours after the early dip, but a following reversal has wiped out all of the gains. This pair has attracted 44% more than average funds and the sentiment is neutral, 1% long. Both sides have seen plenty of chances as uptrend as well as downtrend lasted for hours.
This was the Midday Snapshot for Wednesday. We`ll be updating these stats on an hourly basis, so stay tuned.
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