This is another Midday Snapshot brought to you by the Dukascopy TV Team. I’m Ben Jones and here’s a look at how market participants have fared over the morning session.
Euro/Dollar has been trending gradually higher and a gain of point 32% was recorded at 12 o`clock. Traded volume is average and the sentiment is bearish, short positions are in the lead by 30%. The gradual rise makes losses more likely for market players.
Pound/Dollar’s trend has been shifting and only a gain of point 28% was posted at noon. The Cable has attracted 20% more than usual funds and the sentiment is strongly bullish, 48% long. Traders have had both chances and risks as a single trend hasn’t formed.
Dollar/Yen’s day has been bullish so far and uptrend has resulted in a gain of point 4%. Trading has been passive, volume is extremely low and the sentiment is bearish, 27% short. There’s a strong conflict between the sentiment of the traders and the actual rate movement direction, but losses should be cushioned by the slow trading.
Pound/Yen rose by a total of 153 pips and the pair stood point 68% in the green at 12 o`clock. Turnover is 37% down from the monthly average and the sentiment is neutral, 1% short. Morning session should be successful for bulls, but any moves in funds should be limited by the calm trading.
Euro/Yen has had a bullish morning session and it was point 73% in the green at midday. Traded volume is average and the sentiment is bullish, most have been forecasting the rate to move higher. It did go per those forecasts, suggesting a successful morning session for investors.
That brings Monday’s Midday Snapshot to an end. Check back in throughout the day for the very latest updates of these stats.

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