Dukascopy Forex TV Team is back with this week’s first Midday Snapshot. Euro/Dollar has walked in a relatively narrow range of 47 pips and the pair sees just half of the monthly average funds. Sentiment of the traders is bearish, short positions are up by 15%. Both the passive trading and narrow price movement range suggest no significant moves in funds are likely. Pound/Dollar shows a similar picture, rate movement has been calm and trading passive. Sentiment of the traders is neutral, long positions are up by 9%. The slow morning session suggests no major profits or losses are likely here as well. Dollar/Yen has been mostly trending higher, but the pair sees 44% less than typical funds. Most of those have been driven by bearish expectations. Uptrend has brought some risks, but losses should be cushion by the passive trading approach. Pound/Yen has traded in a total range of just 46 pips. Traded volume is extremely low and neutral sentiment is 6% long. Gradual rise has provided some chances for bulls, but both the passive trading approach and the flat rate movement are limiting factors. Euro/Yen has on a slow rise, which has resulted in a gain of point 31%. This pair sees less than half of the monthly average funds and most of them have been driven by bearish expectations. The rate went in the opposite direction to those estimates and only the slow trading approach limits losses. I’m Jessica Walker and that’s it for Monday’s Midday Snapshot.
Dukascopy Forex TV Team is back with this week’s first Midday Snapshot.
Euro/Dollar has walked in a relatively narrow range of 47 pips and the pair sees just half of the monthly average funds. Sentiment of the traders is bearish, short positions are up by 15%. Both the passive trading and narrow price movement range suggest no significant moves in funds are likely.
Pound/Dollar shows a similar picture, rate movement has been calm and trading passive. Sentiment of the traders is neutral, long positions are up by 9%. The slow morning session suggests no major profits or losses are likely here as well.
Dollar/Yen has been mostly trending higher, but the pair sees 44% less than typical funds. Most of those have been driven by bearish expectations. Uptrend has brought some risks, but losses should be cushion by the passive trading approach.
Pound/Yen has traded in a total range of just 46 pips. Traded volume is extremely low and neutral sentiment is 6% long. Gradual rise has provided some chances for bulls, but both the passive trading approach and the flat rate movement are limiting factors.
Euro/Yen has on a slow rise, which has resulted in a gain of point 31%. This pair sees less than half of the monthly average funds and most of them have been driven by bearish expectations. The rate went in the opposite direction to those estimates and only the slow trading approach limits losses.
I’m Jessica Walker and that’s it for Monday’s Midday Snapshot.
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