It’s time once again for the Dukascopy Midday Snapshot with a look at how market players have fared during the morning session.
Euro/Dollar shows limited rate movement of 56 pips and the pair has attracted 27% less than typical funds. Sentiment of the traders is neutral, 13% long. Both the slow trading and the narrow price movement range are limiting factors.
Pound/Dollar has had a relatively slow session as well, trading in a total range of 44 pips. Traded volume is extremely low and neutral sentiment is 9% long. No significant moves in trading accounts are likely here as well.
Dollar/Yen’s high and low difference is 40 pips and traded volume is extremely low. Most of the funds have been driven by bullish expectations. Rate movement hasn’t been as bullish as expected and there should be no major profits or losses.
Pound/Yen’s rate movement has been relatively calm, but the pair has attracted an average amount of funds. Most of the traders have been forecasting the pair to head higher, but the flat rate movement hasn’t provided many profit opportunities.
Euro/Yen has traded in a total range of just 65 pips and traded volume is low. Sentiment of the traders is strongly bullish, long positions dominate by 48%. Both profits and losses shouldn’t be significant due to the slow morning session.
I’m Jack Everitt and that brings Wednesday’s Midday Snapshot to an end.

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