We have reached the midpoint of the last trading day of this week, so let’s see how market players have managed to work out the rate shifts. Euro/Dollar declined by 36 pips after 7 o’clock and the pair stood slightly in the red at noon. Turnover is average and sentiment of the traders is neutral, short positions are up by 8%. Decline has provided some chances for bears, but the narrow price movement range is the limiting factor. Pound/Dollar has walked in a relatively narrow range of 42 pips and the pair sees less than half of the monthly average funds. Most of the traders have been forecasting the pair to head lower. There were some limited profit opportunities as the pair declined by 42 pips. Dollar/Yen slipped South of the 111 level early on, but all of the loss was recovered in a following rise. Turnover is average and neutral sentiment of the traders is 8% long. Success depends on the timing of the trades as the trend has shifted, but the narrow price movement range is what limits upside potential. Pound/Yen’s high and low difference measures at only 40 pips and the pair sees 33% less than typical funds. Sentiment of the traders is neutral, 2% short. Both the flat rate movement and passive trading approach suggest no significant moves in funds are likely. Euro/Yen’s session has been slow as well – volatility is just 27 pips and traded volume is extremely low. Most of the funds have been in short positions. Passive trading and flat rate movement are limiting factors here as well. I’m Kiays Khalil and that’s it for this week’s final edition of the Dukascopy Midday Snapshot.
We have reached the midpoint of the last trading day of this week, so let’s see how market players have managed to work out the rate shifts.
Euro/Dollar declined by 36 pips after 7 o’clock and the pair stood slightly in the red at noon. Turnover is average and sentiment of the traders is neutral, short positions are up by 8%. Decline has provided some chances for bears, but the narrow price movement range is the limiting factor.
Pound/Dollar has walked in a relatively narrow range of 42 pips and the pair sees less than half of the monthly average funds. Most of the traders have been forecasting the pair to head lower. There were some limited profit opportunities as the pair declined by 42 pips.
Dollar/Yen slipped South of the 111 level early on, but all of the loss was recovered in a following rise. Turnover is average and neutral sentiment of the traders is 8% long. Success depends on the timing of the trades as the trend has shifted, but the narrow price movement range is what limits upside potential.
Pound/Yen’s high and low difference measures at only 40 pips and the pair sees 33% less than typical funds. Sentiment of the traders is neutral, 2% short. Both the flat rate movement and passive trading approach suggest no significant moves in funds are likely.
Euro/Yen’s session has been slow as well – volatility is just 27 pips and traded volume is extremely low. Most of the funds have been in short positions. Passive trading and flat rate movement are limiting factors here as well.
I’m Kiays Khalil and that’s it for this week’s final edition of the Dukascopy Midday Snapshot.
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