12 hours of trading have gone by on this Wednesday, meaning it’s time for the Dukascopy Midday Snapshot. Euro/Dollar moved sharply lower, falling further below the 1 20 level to trade point 29% in the red at noon. Turnover is high and neutral sentiment of the traders is just 1% short. Late slide suggests a successful start of the day is more likely for bearish market players. Pound/Dollar has had a relatively slow day – high and low difference is 56 pips and the pair sees 31% less than typical funds. Neutral sentiment is just 3% short. Both the slow trading and narrow price movement range are limiting factors. Dollar/Yen shows a similar picture, rate movement is calm and traded volume is low. Sentiment of the traders is neutral at 10% short. No significant moves in trading accounts are likely here as well. Pound/Yen took a slide South of the 149 level and a loss of point 21% has been posted. Traded volume is average and most of the traders have been forecasting the pair to head higher. The slide has brought risks for investors. Euro/Yen dropped below the 130 level and it stood point 39% in the red at noon. Turnover is low and most of the funds have been driven by bearish expectations. The rate did decline and only the slow trading approach limits upside potential. I’m Kiays Khalil and this is how traders have performed so far on Wednesday.
12 hours of trading have gone by on this Wednesday, meaning it’s time for the Dukascopy Midday Snapshot.
Euro/Dollar moved sharply lower, falling further below the 1 20 level to trade point 29% in the red at noon. Turnover is high and neutral sentiment of the traders is just 1% short. Late slide suggests a successful start of the day is more likely for bearish market players.
Pound/Dollar has had a relatively slow day – high and low difference is 56 pips and the pair sees 31% less than typical funds. Neutral sentiment is just 3% short. Both the slow trading and narrow price movement range are limiting factors.
Dollar/Yen shows a similar picture, rate movement is calm and traded volume is low. Sentiment of the traders is neutral at 10% short. No significant moves in trading accounts are likely here as well.
Pound/Yen took a slide South of the 149 level and a loss of point 21% has been posted. Traded volume is average and most of the traders have been forecasting the pair to head higher. The slide has brought risks for investors.
Euro/Yen dropped below the 130 level and it stood point 39% in the red at noon. Turnover is low and most of the funds have been driven by bearish expectations. The rate did decline and only the slow trading approach limits upside potential.
I’m Kiays Khalil and this is how traders have performed so far on Wednesday.
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