This is the Dukascopy Midday Snapshot with a look at how market players have fared over the 12 hours to midday on this Tuesday. Euro/Dollar has had a slow session, rate movement is flat and traded volume is low. Neutral sentiment of the traders is just 6% long. Both the passive trading and the narrow price movement range suggest no major profits or losses are likely. Pound/Dollar rose slightly early on, but a following downtrend puts the pair point 31% in the red. The Cable sees 34% less than typical funds and sentiment is neutral at 5% long. Bulls had some chances early on, but the change in trend puts bearish market players in better positions. Dollar/Yen has shot up by 67 pips to trade point 49% up from the opening level at noon. Traded volume is average and neutral sentiment is at an even balance. Steep rise suggests a successful start of the day for those who had long positions. Pound/Yen has moved slowly up by a total of 51 pips, attracting 39% less than average funds. Most of them have been driven by bearish expectations. Gradual rise has brought some risks, but both the passive trading and the flat rate movement are limiting factors. Euro/Yen has had a bullish session and the pair was point 51% up from the opening level at 12 o’clock. This pair sees less than half of the monthly average funds and most of the traders have been in short positions. Rise has brought risks, but any losses should be cushioned by the passive trading approach. I’m Jessica Walker and that wraps up the Midday Snapshot for Tuesday.
This is the Dukascopy Midday Snapshot with a look at how market players have fared over the 12 hours to midday on this Tuesday.
Euro/Dollar has had a slow session, rate movement is flat and traded volume is low. Neutral sentiment of the traders is just 6% long. Both the passive trading and the narrow price movement range suggest no major profits or losses are likely.
Pound/Dollar rose slightly early on, but a following downtrend puts the pair point 31% in the red. The Cable sees 34% less than typical funds and sentiment is neutral at 5% long. Bulls had some chances early on, but the change in trend puts bearish market players in better positions.
Dollar/Yen has shot up by 67 pips to trade point 49% up from the opening level at noon. Traded volume is average and neutral sentiment is at an even balance. Steep rise suggests a successful start of the day for those who had long positions.
Pound/Yen has moved slowly up by a total of 51 pips, attracting 39% less than average funds. Most of them have been driven by bearish expectations. Gradual rise has brought some risks, but both the passive trading and the flat rate movement are limiting factors.
Euro/Yen has had a bullish session and the pair was point 51% up from the opening level at 12 o’clock. This pair sees less than half of the monthly average funds and most of the traders have been in short positions. Rise has brought risks, but any losses should be cushioned by the passive trading approach.
I’m Jessica Walker and that wraps up the Midday Snapshot for Tuesday.
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