Hello, I’m Louise McCauley with the Dukascopy Midday Snapshot. Let’s see how currency traders have been doing so far this Tuesday. Euro/Dollar went up after 6 o’clock, gaining 122 pips, but the following decline left it point 28% in the green at noon. Traded volume is 24% up from the monthly average, and the sentiment is neutral at 13% long. Bulls had their chances during the initial rise, but the decline brought opportunities for bears. The Cable has been moving in waves, and it stood a fraction in the red after walking in the total range of 59 pips. Volume is 28% higher than this pair’s usual amount, and the sentiment is neutral at 2% long. Success depends on timing as the trend was shifting throughout the day. Dollar/Yen has had a bearish session, and the total loss reached point 42% after twelve hours of trading. This pair sees 27% more funding than usual, and the sentiment is neutral, although short positions are up by 8%. Trading should be successful for the small majority of bears. Pound/Yen has also seen a decline, and it stood point 46% down from the opening level at midday. Trading has been average in terms of volume, and the sentiment is bullish at 15% long. The downtrend suggests traders may be facing losses. Euro/Yen’s rise of 147 pips was followed by a decline, and the pair stood point 2% in the red at 12 o’clock. Turnover is 29% up from the monthly average, and trader’s sentiment is neutral, long positions prevail by 13%. Both bears and bulls had good chances for profit, so timing is essential. This was the Midday Snapshot for Tuesday. We’ll be updating these stats on an hourly basis, so stay tuned.
Hello, I’m Louise McCauley with the Dukascopy Midday Snapshot. Let’s see how currency traders have been doing so far this Tuesday.
Euro/Dollar went up after 6 o’clock, gaining 122 pips, but the following decline left it point 28% in the green at noon. Traded volume is 24% up from the monthly average, and the sentiment is neutral at 13% long. Bulls had their chances during the initial rise, but the decline brought opportunities for bears.
The Cable has been moving in waves, and it stood a fraction in the red after walking in the total range of 59 pips. Volume is 28% higher than this pair’s usual amount, and the sentiment is neutral at 2% long. Success depends on timing as the trend was shifting throughout the day.
Dollar/Yen has had a bearish session, and the total loss reached point 42% after twelve hours of trading. This pair sees 27% more funding than usual, and the sentiment is neutral, although short positions are up by 8%. Trading should be successful for the small majority of bears.
Pound/Yen has also seen a decline, and it stood point 46% down from the opening level at midday. Trading has been average in terms of volume, and the sentiment is bullish at 15% long. The downtrend suggests traders may be facing losses.
Euro/Yen’s rise of 147 pips was followed by a decline, and the pair stood point 2% in the red at 12 o’clock. Turnover is 29% up from the monthly average, and trader’s sentiment is neutral, long positions prevail by 13%. Both bears and bulls had good chances for profit, so timing is essential.
This was the Midday Snapshot for Tuesday. We’ll be updating these stats on an hourly basis, so stay tuned.
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