The first half of the trading day is over and it’s time for us to take a look at the performance of the traders with the Dukascopy Midday Snapshot. Euro/Dollar was trending South during the early trading hours, but the following rise has taken the rate back above the opening level. Turnover is high and sentiment of the traders is neutral, 7% short. Bears had their chances early on, but the change in trend was good news for those who were in long positions. Pound/Dollar shows a similar pattern, where decline was followed by a rise. The Cable has attracted just half of the monthly average funds and neutral sentiment is 4% short. Both sides have seen only limited profit chances due to the passive trading approach. Dollar/Yen moved South by a total of 46 pips to hit the daily low just a pip above the 111 level. Traded volume is average and sentiment of the traders is neutral, 8% long. Downward pressure has been stronger so far, making profits more likely for those who were in short positions. Pound/Yen dropped shortly after midnight, but most of the loss has been canceled out in a following rise. Traded volume is extremely low and most of the funds have been in long positions. Traders saw their profit opportunities as the rate recovered from the daily low. Euro/Yen rose from the daily low, but the pair was still point 22% in the red at 12 o’clock. Turnover is low and sentiment of the traders is bullish, long positions are up by 34%. The rate has been mostly moving South, making losses more likely for investors. I’m Kiays Khalil and this is how the traders have performed so far on Tuesday.
The first half of the trading day is over and it’s time for us to take a look at the performance of the traders with the Dukascopy Midday Snapshot.
Euro/Dollar was trending South during the early trading hours, but the following rise has taken the rate back above the opening level. Turnover is high and sentiment of the traders is neutral, 7% short. Bears had their chances early on, but the change in trend was good news for those who were in long positions.
Pound/Dollar shows a similar pattern, where decline was followed by a rise. The Cable has attracted just half of the monthly average funds and neutral sentiment is 4% short. Both sides have seen only limited profit chances due to the passive trading approach.
Dollar/Yen moved South by a total of 46 pips to hit the daily low just a pip above the 111 level. Traded volume is average and sentiment of the traders is neutral, 8% long. Downward pressure has been stronger so far, making profits more likely for those who were in short positions.
Pound/Yen dropped shortly after midnight, but most of the loss has been canceled out in a following rise. Traded volume is extremely low and most of the funds have been in long positions. Traders saw their profit opportunities as the rate recovered from the daily low.
Euro/Yen rose from the daily low, but the pair was still point 22% in the red at 12 o’clock. Turnover is low and sentiment of the traders is bullish, long positions are up by 34%. The rate has been mostly moving South, making losses more likely for investors.
I’m Kiays Khalil and this is how the traders have performed so far on Tuesday.
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