This is the Dukascopy Midday Snapshot, where we take a look at how market participants have performed over the 12 hours to noon. Euro/Dollar has moved South to hit the daily low just a pip above the 1 22 level as midday approached. Traded volume is a massive 175% up from the pair’s monthly average and neutral sentiment is just 1% long. Decline makes a successful morning session more likely for those who had short positions. Pound/Dollar has been trending South and decline puts the pair point 34% in the red. The Cable sees 150% more than typical funds and neutral sentiment of the traders is 3% short. Decline has provided plenty of profit opportunities for those who were short. Dollar/Yen rose early on, but a following decline has taken the rate back near the opening level. Traders have used more than double the monthly average funds and neutral sentiment of the traders is 5% short. Bulls had their chances early on, but the change in trend was good news for bears. Pound/Yen has been mostly trending South and a loss of point 31% was posted at noon. Turnover is high and most of the traders have been forecasting the pair to head higher. It went in the opposite direction to those forecasts, making losses more likely. Euro/Yen has dropped by more than 100 pips and the pair stood point 39% in the red at 12 o’clock. Traded volume is extremely high and sentiment of the traders is bearish at 20% short. The rate did go per those expectations, suggesting a successful morning session. I’m Jack Everitt and you’ve been watching the Midday Snapshot for Tuesday.
This is the Dukascopy Midday Snapshot, where we take a look at how market participants have performed over the 12 hours to noon.
Euro/Dollar has moved South to hit the daily low just a pip above the 1 22 level as midday approached. Traded volume is a massive 175% up from the pair’s monthly average and neutral sentiment is just 1% long. Decline makes a successful morning session more likely for those who had short positions.
Pound/Dollar has been trending South and decline puts the pair point 34% in the red. The Cable sees 150% more than typical funds and neutral sentiment of the traders is 3% short. Decline has provided plenty of profit opportunities for those who were short.
Dollar/Yen rose early on, but a following decline has taken the rate back near the opening level. Traders have used more than double the monthly average funds and neutral sentiment of the traders is 5% short. Bulls had their chances early on, but the change in trend was good news for bears.
Pound/Yen has been mostly trending South and a loss of point 31% was posted at noon. Turnover is high and most of the traders have been forecasting the pair to head higher. It went in the opposite direction to those forecasts, making losses more likely.
Euro/Yen has dropped by more than 100 pips and the pair stood point 39% in the red at 12 o’clock. Traded volume is extremely high and sentiment of the traders is bearish at 20% short. The rate did go per those expectations, suggesting a successful morning session.
I’m Jack Everitt and you’ve been watching the Midday Snapshot for Tuesday.
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