This is the Dukascopy Midday Snapshot for Monday, where we’ll take a closer look at how well the market players have worked out the rate movements. Euro/Dollar has declined by close to 100 pips to drop below the 1 17 level. Traded volume is average and sentiment of the traders is neutral, long positions outweigh short ones by 7%. Steep decline suggests a successful start of the day for those who had short positions. Pound/Dollar has had a slow session – high and low difference is just 36 pips, traded volume is extremely low. Most of the traders have been forecasting the pair to head lower, but both the passive trading approach and flat rate movement suggest no major moves in funds. Dollar/Yen has declined further South of the 110 level by a total of 45 pips. Trading has been active, volume is high and neutral sentiment is 13% long. Gradual decline puts bearish market players in better positions so far today. Pound/Yen has seen the trend change and the biggest move was a decline of 65 pips. Turnover is typical and most of the traders have been in short positions. Trend has shifted for this pair and success depends on the timing of the trades. Euro/Yen took a slide and it has resulted in a loss of point 65%. Turnover is high and most of the traders have been forecasting the pair to head higher. The rate went in the opposite direction to those forecasts, making losses more likely. I’m Jack Everitt and that’s all for Monday’s Midday Snapshot.
This is the Dukascopy Midday Snapshot for Monday, where we’ll take a closer look at how well the market players have worked out the rate movements.
Euro/Dollar has declined by close to 100 pips to drop below the 1 17 level. Traded volume is average and sentiment of the traders is neutral, long positions outweigh short ones by 7%. Steep decline suggests a successful start of the day for those who had short positions.
Pound/Dollar has had a slow session – high and low difference is just 36 pips, traded volume is extremely low. Most of the traders have been forecasting the pair to head lower, but both the passive trading approach and flat rate movement suggest no major moves in funds.
Dollar/Yen has declined further South of the 110 level by a total of 45 pips. Trading has been active, volume is high and neutral sentiment is 13% long. Gradual decline puts bearish market players in better positions so far today.
Pound/Yen has seen the trend change and the biggest move was a decline of 65 pips. Turnover is typical and most of the traders have been in short positions. Trend has shifted for this pair and success depends on the timing of the trades.
Euro/Yen took a slide and it has resulted in a loss of point 65%. Turnover is high and most of the traders have been forecasting the pair to head higher. The rate went in the opposite direction to those forecasts, making losses more likely.
I’m Jack Everitt and that’s all for Monday’s Midday Snapshot.
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