It’s 12 PM GMT this Thursday, and the Dukascopy TV team is here with another Midday Snapshot. Euro/Dollar started moving higher after 6 o’clock, and the total gain reached point 2% at noon. Traded volume is in line with the monthly average, and the neutral traders’ sentiment stands at 5% short. The overall trend has been more favourable for bulls. The Cable’s initial decline was followed by a gain of 84 pips, which brought it point 13% in the green at midday. This pair sees the usual amount of funding, and most traders had anticipated a rise, as long positions are up by 16%. Success clearly was possible, but timing was important as well. Dollar/Yen’s trend shifted halfway through the session, and a loss of 60 pips left it point 21% down from the opening level at 12 o’clock. Trading has been somewhat slower than usual, and the neutral trader’s sentiment stands at 2% long. Success depends on timing, although the trend was somewhat more favourable for bears. Pound/Yen was back near the opening level after walking in the total range of 94 pips. Traded volume is 29% down from the monthly average, and the sentiment is neutral at 9% long. Both sides had their chances, although the low volume will probably limit any profits. And Euro/Yen stood just a fraction in the red at midday, having moved by 49 pips during the session. Trading has been slow, and the sentiment is bearish at 29% short. Some success was possible with good timing, although the low volatility and narrow rate movement both suggest limited shifts in funds. And that’s how things look so far. I’m Jessica Walker and we’ll be providing the latest data throughout the day.
It’s 12 PM GMT this Thursday, and the Dukascopy TV team is here with another Midday Snapshot.
Euro/Dollar started moving higher after 6 o’clock, and the total gain reached point 2% at noon. Traded volume is in line with the monthly average, and the neutral traders’ sentiment stands at 5% short. The overall trend has been more favourable for bulls.
The Cable’s initial decline was followed by a gain of 84 pips, which brought it point 13% in the green at midday. This pair sees the usual amount of funding, and most traders had anticipated a rise, as long positions are up by 16%. Success clearly was possible, but timing was important as well.
Dollar/Yen’s trend shifted halfway through the session, and a loss of 60 pips left it point 21% down from the opening level at 12 o’clock. Trading has been somewhat slower than usual, and the neutral trader’s sentiment stands at 2% long. Success depends on timing, although the trend was somewhat more favourable for bears.
Pound/Yen was back near the opening level after walking in the total range of 94 pips. Traded volume is 29% down from the monthly average, and the sentiment is neutral at 9% long. Both sides had their chances, although the low volume will probably limit any profits.
And Euro/Yen stood just a fraction in the red at midday, having moved by 49 pips during the session. Trading has been slow, and the sentiment is bearish at 29% short. Some success was possible with good timing, although the low volatility and narrow rate movement both suggest limited shifts in funds.
And that’s how things look so far. I’m Jessica Walker and we’ll be providing the latest data throughout the day.
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