It`s Midpoint of this week`s first trading day and time for the Dukascopy Midday Snapshot. I`m Sinead MacLaughlin. Euro/dollar rose slightly early in the day, but a following downtrend took the rate back near the opening level at noon. Turnover is 34% short of the pair’s monthly average and the sentiment is neutral, 13% short. Bulls had their chances early in the day and the following downtrend was good news for bears. The Cable shares a similar pattern, early hours were bullish, but most of the gains were given up later. Pound/Dollar has attracted only slightly more than half of the monthly average funds and the sentiment is neutral, 10% short. Both sides have seen some chances, but moves in funds should be limited by the slow trading. Dollar/yen dropped early in the day, but a following surge has wiped out all of the loss. Traded volume is average and the sentiment is bearish, 20% short. Traders had their opportunities shortly after midnight, but the following rise means risks. Pound/Yen has been generally trending higher with a couple of set backs and it stood point 23% in the green at noon. This pair has been traded actively, volume is more than double the monthly average and the sentiment is bullish, 16%. Profits are very much likely for investors as the rate has been climbing up. Euro/Yen was only slightly in the green at 12 o`clock after trading in a total range of 44 pips. Turnover is average and the sentiment is neutral, long positions are up by 3%. Success depends on the timing of the trades as a single trend hasn’t formed. This wraps up the Midday Snapshot for Monday. We`ll be updating these stats on an hourly basis, so stay tuned.
It`s Midpoint of this week`s first trading day and time for the Dukascopy Midday Snapshot. I`m Sinead MacLaughlin.
Euro/dollar rose slightly early in the day, but a following downtrend took the rate back near the opening level at noon. Turnover is 34% short of the pair’s monthly average and the sentiment is neutral, 13% short. Bulls had their chances early in the day and the following downtrend was good news for bears.
The Cable shares a similar pattern, early hours were bullish, but most of the gains were given up later. Pound/Dollar has attracted only slightly more than half of the monthly average funds and the sentiment is neutral, 10% short. Both sides have seen some chances, but moves in funds should be limited by the slow trading.
Dollar/yen dropped early in the day, but a following surge has wiped out all of the loss. Traded volume is average and the sentiment is bearish, 20% short. Traders had their opportunities shortly after midnight, but the following rise means risks.
Pound/Yen has been generally trending higher with a couple of set backs and it stood point 23% in the green at noon. This pair has been traded actively, volume is more than double the monthly average and the sentiment is bullish, 16%. Profits are very much likely for investors as the rate has been climbing up.
Euro/Yen was only slightly in the green at 12 o`clock after trading in a total range of 44 pips. Turnover is average and the sentiment is neutral, long positions are up by 3%. Success depends on the timing of the trades as a single trend hasn’t formed.
This wraps up the Midday Snapshot for Monday. We`ll be updating these stats on an hourly basis, so stay tuned.
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