We have reached the midpoint of the last trading day of this week, so let`s see how market players have managed to work out the rate shifts. Euro/Dollar has moved slowly higher and a slight gain was posted by noon. Traded volume is low and neutral sentiment is just 6% short. Gradual rise has provided some profit opportunities for bullish market players. Pound/Dollar has been trending higher as well and rise puts the pair point 22% in the green. The Cable sees just half of the usual funds and most of them have been put in bullish positions. The rate did go per those expectations and a more active approach would have increased profits. Dollar/Yen took a sharp slide and a loss of point 65% has been recorded. Turnover is high and most of the traders have been forecasting the pair to head higher. The rate went in the opposite direction to those forecasts, suggesting losses for investors. Pound/Yen dropped early in the session and a loss of point 43% was posted by 12 o’clock. This pair sees 24% less than typical funds and sentiment of the traders is strongly bullish. Early slide has brought risks for investors. And the last pair Euro/Yen did most of the moving early in the session and it was sharply south. Traded volume is extremely low and sentiment of the traders is bullish at 21% long. Early slide was bad news, but the passive trading approach is the limiting factor. I’m Kiays Khalil and that`s it for this week’s final edition of the Dukascopy Midday Snapshot.
We have reached the midpoint of the last trading day of this week, so let`s see how market players have managed to work out the rate shifts.
Euro/Dollar has moved slowly higher and a slight gain was posted by noon. Traded volume is low and neutral sentiment is just 6% short. Gradual rise has provided some profit opportunities for bullish market players.
Pound/Dollar has been trending higher as well and rise puts the pair point 22% in the green. The Cable sees just half of the usual funds and most of them have been put in bullish positions. The rate did go per those expectations and a more active approach would have increased profits.
Dollar/Yen took a sharp slide and a loss of point 65% has been recorded. Turnover is high and most of the traders have been forecasting the pair to head higher. The rate went in the opposite direction to those forecasts, suggesting losses for investors.
Pound/Yen dropped early in the session and a loss of point 43% was posted by 12 o’clock. This pair sees 24% less than typical funds and sentiment of the traders is strongly bullish. Early slide has brought risks for investors.
And the last pair Euro/Yen did most of the moving early in the session and it was sharply south. Traded volume is extremely low and sentiment of the traders is bullish at 21% long. Early slide was bad news, but the passive trading approach is the limiting factor.
I’m Kiays Khalil and that`s it for this week’s final edition of the Dukascopy Midday Snapshot.
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