This is the Dukascopy Midday Snapshot for Wednesday, where we’ll take a closer look at how well the market players have worked out the rate movements. Euro/Dollar has gained some ground, rising above the 1 23 level to trade point 25% in the green. Turnover is high and neutral sentiment of the traders is leaning towards the long side by 12%. Gradual rise suggests a successful morning session for the small majority of the traders that had long positions. Pound/Dollar has moved further above the 1 40 level by a total of 148 pips. The Cable sees more than double the monthly average funds and sentiment of the traders is neutral, 8% short. Uptrend has provided profit opportunities for those who had long positions. Dollar/Yen took a sharp slide and it has resulted in a loss of point 53%. Traded volume is extremely high at 108% up from the monthly average and neutral sentiment of the traders is 4% long. Downtrend makes profits more likely for bearish market players. Pound/Yen was trading sideways during most of the session, but a late increase puts the pair point 35% in the green. Turnover is average and most of the traders have been forecasting the pair to head higher. Late increase makes profits very much likely. Euro/Yen moved sharply lower and the pair stands point 28% in the red after rising slightly from the daily low. The pair sees 24% more than typical funds and neutral sentiment is 9% long. Downtrend lasted during most of the day, so bulls have been in better positions. I’m Kiays Khalil and that’s all for Wednesday’s Midday Snapshot.
This is the Dukascopy Midday Snapshot for Wednesday, where we’ll take a closer look at how well the market players have worked out the rate movements.
Euro/Dollar has gained some ground, rising above the 1 23 level to trade point 25% in the green. Turnover is high and neutral sentiment of the traders is leaning towards the long side by 12%. Gradual rise suggests a successful morning session for the small majority of the traders that had long positions.
Pound/Dollar has moved further above the 1 40 level by a total of 148 pips. The Cable sees more than double the monthly average funds and sentiment of the traders is neutral, 8% short. Uptrend has provided profit opportunities for those who had long positions.
Dollar/Yen took a sharp slide and it has resulted in a loss of point 53%. Traded volume is extremely high at 108% up from the monthly average and neutral sentiment of the traders is 4% long. Downtrend makes profits more likely for bearish market players.
Pound/Yen was trading sideways during most of the session, but a late increase puts the pair point 35% in the green. Turnover is average and most of the traders have been forecasting the pair to head higher. Late increase makes profits very much likely.
Euro/Yen moved sharply lower and the pair stands point 28% in the red after rising slightly from the daily low. The pair sees 24% more than typical funds and neutral sentiment is 9% long. Downtrend lasted during most of the day, so bulls have been in better positions.
I’m Kiays Khalil and that’s all for Wednesday’s Midday Snapshot.
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