The morning session is over on this Tuesday, and it’s time for the Dukascopy Midday Snapshot. Euro/Dollar has shifted South of the 1 17 level and the pair was point 23% in the red at noon. Traded volume is average and sentiment of the traders is neutral, long positions are up by 5%. Morning session should be successful for bears as the rate declined by a total of 70 pips. Pound/Dollar shows a similar pattern and the pair was a quarter of a percent in the negative territory at midday. The Cable sees 31% less than typical funds and most of them have been driven by bullish expectations. Decline has brought some risks, but the calm trading approach is the cushion for losses. Dollar/Yen has seen its trend change and the pair was back near the opening level at 12 o’clock. Turnover is low and neutral sentiment of the traders is 5% short. There have been chances for both sides, but the passive trading approach is the limiting factor. Pound/Yen declined after 7 o’clock to trade point 33% in the red at noon. This pair sees just half of the monthly average funds and most of the traders were in long positions. Late decline has brought risks, but the passive trading approach suggests no significant losses are likely. Euro/Yen moved South by 66 pips after 6 AM. Traded volume is extremely low and sentiment of the traders is bullish, long positions are in the lead by 33%. The rate went in the opposite direction to those forecasts, but the passive trading makes no major losses likely. I’m Jack Everett and that’s how things look so far for currency traders.
The morning session is over on this Tuesday, and it’s time for the Dukascopy Midday Snapshot.
Euro/Dollar has shifted South of the 1 17 level and the pair was point 23% in the red at noon. Traded volume is average and sentiment of the traders is neutral, long positions are up by 5%. Morning session should be successful for bears as the rate declined by a total of 70 pips.
Pound/Dollar shows a similar pattern and the pair was a quarter of a percent in the negative territory at midday. The Cable sees 31% less than typical funds and most of them have been driven by bullish expectations. Decline has brought some risks, but the calm trading approach is the cushion for losses.
Dollar/Yen has seen its trend change and the pair was back near the opening level at 12 o’clock. Turnover is low and neutral sentiment of the traders is 5% short. There have been chances for both sides, but the passive trading approach is the limiting factor.
Pound/Yen declined after 7 o’clock to trade point 33% in the red at noon. This pair sees just half of the monthly average funds and most of the traders were in long positions. Late decline has brought risks, but the passive trading approach suggests no significant losses are likely.
Euro/Yen moved South by 66 pips after 6 AM. Traded volume is extremely low and sentiment of the traders is bullish, long positions are in the lead by 33%. The rate went in the opposite direction to those forecasts, but the passive trading makes no major losses likely.
I’m Jack Everett and that’s how things look so far for currency traders.
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