We have reached the midpoint of the first trading day of this week, so let’s see how market players have managed to work out the rate shifts. Euro/Dollar declined by 63 pips, but some of the losses were wiped out by a following rise. Turnover is high and sentiment of the traders is neutral, short positions are up by just 1%. Bears had their chances as the pair moved South, but the following rebound was good news for bulls. Pound/Dollar has been calmer than usual, walking in a total range of just 46 pips, while attracting less than half of the monthly average funds. Most of the traders have been forecasting the pair to head higher. Traders have seen only limited profit chances due to the narrow price movement range and passive trading approach. Dollar/Yen was back near the opening level after walking in a total range of 44 pips. Trading has been active, volume is high and most of the traders have been in short positions. There have been some chances and risks as a single trend hasn’t formed. Pound/Yen has been mostly trading sideways and the pair sees 30% less than typical funds. Most of the traders have been in short positions, but both the passive trading approach and flat rate movement are limiting factors. Euro/Yen has been trending South, dipping below the 130 level. Traded volume is extremely low and most of the traders have been forecasting the pair to head South. It did go per those expectations and a more active trading approach would have increased profits. I’m Kiays Khalil and that’s it for this week’s opening edition of the Dukascopy Midday Snapshot.
We have reached the midpoint of the first trading day of this week, so let’s see how market players have managed to work out the rate shifts.
Euro/Dollar declined by 63 pips, but some of the losses were wiped out by a following rise. Turnover is high and sentiment of the traders is neutral, short positions are up by just 1%. Bears had their chances as the pair moved South, but the following rebound was good news for bulls.
Pound/Dollar has been calmer than usual, walking in a total range of just 46 pips, while attracting less than half of the monthly average funds. Most of the traders have been forecasting the pair to head higher. Traders have seen only limited profit chances due to the narrow price movement range and passive trading approach.
Dollar/Yen was back near the opening level after walking in a total range of 44 pips. Trading has been active, volume is high and most of the traders have been in short positions. There have been some chances and risks as a single trend hasn’t formed.
Pound/Yen has been mostly trading sideways and the pair sees 30% less than typical funds. Most of the traders have been in short positions, but both the passive trading approach and flat rate movement are limiting factors.
Euro/Yen has been trending South, dipping below the 130 level. Traded volume is extremely low and most of the traders have been forecasting the pair to head South. It did go per those expectations and a more active trading approach would have increased profits.
I’m Kiays Khalil and that’s it for this week’s opening edition of the Dukascopy Midday Snapshot.
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