It’s 12 PM GMT on this Wednesday, and it’s time for the Dukascopy Midday Snapshot. Euro/Dollar has been trending South to hit the daily low just pips above the 1 16 level. Traded volume is average and sentiment of the traders is neutral, 7% short. Bearish rate movement has provided plenty of profit opportunities for those who were in short positions. Pound/Dollar dropped by more than 100 pips and a loss of point 63% has been posted. The Cable sees 21% less than typical funds and sentiment is bearish, most have been forecasting the pair to head South. It did go per those expectations, suggesting profits for investors. Dollar/Yen has traded in a total range of 26 pips and the pair has attracted a typical amount of funds. Neutral sentiment of the market players is 5% short. Both sides have seen only limited profit opportunities due to the narrow price movement range. Pound/Yen has dropped and the pair stood point 69% in the red at 12 o’clock. Traded volume is average and sentiment is bearish, short positions are in the lead by 25%. The rate did go per those expectations and profits are very much likely. Euro/Yen has been on a slide and it puts the pair point 45% in the negative territory. This pair has attracted just half of the monthly average funds and sentiment of the traders is bearish, 19% short. Traders have done a good job working out the rate movement direction and a more active trading approach would have increased profits. I’m Jack Everitt and this is how traders have performed by noon GMT on this Wednesday.
It’s 12 PM GMT on this Wednesday, and it’s time for the Dukascopy Midday Snapshot.
Euro/Dollar has been trending South to hit the daily low just pips above the 1 16 level. Traded volume is average and sentiment of the traders is neutral, 7% short. Bearish rate movement has provided plenty of profit opportunities for those who were in short positions.
Pound/Dollar dropped by more than 100 pips and a loss of point 63% has been posted. The Cable sees 21% less than typical funds and sentiment is bearish, most have been forecasting the pair to head South. It did go per those expectations, suggesting profits for investors.
Dollar/Yen has traded in a total range of 26 pips and the pair has attracted a typical amount of funds. Neutral sentiment of the market players is 5% short. Both sides have seen only limited profit opportunities due to the narrow price movement range.
Pound/Yen has dropped and the pair stood point 69% in the red at 12 o’clock. Traded volume is average and sentiment is bearish, short positions are in the lead by 25%. The rate did go per those expectations and profits are very much likely.
Euro/Yen has been on a slide and it puts the pair point 45% in the negative territory. This pair has attracted just half of the monthly average funds and sentiment of the traders is bearish, 19% short. Traders have done a good job working out the rate movement direction and a more active trading approach would have increased profits.
I’m Jack Everitt and this is how traders have performed by noon GMT on this Wednesday.
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