This is the Dukascopy Midday Snapshot, where we`ll find out how traders have managed to work out the rate shifts during the morning session on this week’s first trading day. Euro/Dollar has been on a rise and the pair stood point 43% in the green at noon. Traded volume is average and sentiment of the market players is neutral, 11% long. Trading should be successful for the small majority of the traders that had long positions. Pound/Dollar has appreciated as well and a gain of point 56% has been posted. The Cable sees 22% less than typical funds and neutral sentiment is almost at an even balance. Trading should be successful for bulls, but the slow trading is the limiting factor for both sides. Dollar/Yen has gained some ground and the pair was point 28% up from the opening level at 12 o’clock. Traders have used just half of the monthly average funds trading this pair and neutral sentiment is 3% short. Bulls have been in better positions here as well. Pound/Yen has shot up by a total of 138 pips and rise has resulted in a gain of point 84%. Trading has been passive, volume is extremely low and most of the funds have been driven by bearish expectations. Rise makes losses more likely, but they should be cushioned by the passive trading. Euro/Yen has had a bullish session and the pair gained more than 100 pips. Turnover is low and most of the traders have been forecasting the pair to head higher. It did go per those expectations and only the slow trading approach limits upside potential. I’m Jack Everitt and this wraps up Monday’s Midday Snapshot. Goodbye for now.
This is the Dukascopy Midday Snapshot, where we`ll find out how traders have managed to work out the rate shifts during the morning session on this week’s first trading day.
Euro/Dollar has been on a rise and the pair stood point 43% in the green at noon. Traded volume is average and sentiment of the market players is neutral, 11% long. Trading should be successful for the small majority of the traders that had long positions.
Pound/Dollar has appreciated as well and a gain of point 56% has been posted. The Cable sees 22% less than typical funds and neutral sentiment is almost at an even balance. Trading should be successful for bulls, but the slow trading is the limiting factor for both sides.
Dollar/Yen has gained some ground and the pair was point 28% up from the opening level at 12 o’clock. Traders have used just half of the monthly average funds trading this pair and neutral sentiment is 3% short. Bulls have been in better positions here as well.
Pound/Yen has shot up by a total of 138 pips and rise has resulted in a gain of point 84%. Trading has been passive, volume is extremely low and most of the funds have been driven by bearish expectations. Rise makes losses more likely, but they should be cushioned by the passive trading.
Euro/Yen has had a bullish session and the pair gained more than 100 pips. Turnover is low and most of the traders have been forecasting the pair to head higher. It did go per those expectations and only the slow trading approach limits upside potential.
I’m Jack Everitt and this wraps up Monday’s Midday Snapshot. Goodbye for now.
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