You’re watching the Midday Snapshot for Wednesday. Here’s how the market players have been doing so far. Euro/Dollar has retreated South of the 1 20 level and a loss of point 36% was posted at noon. Turnover is high and sentiment of the traders is neutral, 6% short. Bearish rate movement has provided plenty of profit chances for those who had short positions. Pound/Dollar’s day has been slow – high and low difference is just 42 pips and traded volume is extremely low. Most of the traders have been bearish in their expectations. Trading has been passive and rate movement flat so no significant moves in funds are likely. Dollar/Yen gave up most of the gains after the rise, but another jump has resulted in a gain of point 28%. Traded volume is average and sentiment of the traders is neutral, long positions are up by 14%. Trend has shifted, providing both sides with their profit chances, but bulls have been in better positions. Pound/Yen shows limited rate movement and the pair sees 31% less than typical funds. Neutral sentiment of the market players is leaning towards the long side by 14%. Once again the calm rate movement and slow trading are limiting factors. Euro/Yen declined by 56 pips after 7 AM and a slight loss has been posted. The pair sees more than double the monthly average funds and sentiment of the traders is neutral, 5% short. Late decline has provided bears with their profit chances. I’m Celeste Skinner and this was Dukascopy Midday Snapshot for Wednesday.
You’re watching the Midday Snapshot for Wednesday. Here’s how the market players have been doing so far.
Euro/Dollar has retreated South of the 1 20 level and a loss of point 36% was posted at noon. Turnover is high and sentiment of the traders is neutral, 6% short. Bearish rate movement has provided plenty of profit chances for those who had short positions.
Pound/Dollar’s day has been slow – high and low difference is just 42 pips and traded volume is extremely low. Most of the traders have been bearish in their expectations. Trading has been passive and rate movement flat so no significant moves in funds are likely.
Dollar/Yen gave up most of the gains after the rise, but another jump has resulted in a gain of point 28%. Traded volume is average and sentiment of the traders is neutral, long positions are up by 14%. Trend has shifted, providing both sides with their profit chances, but bulls have been in better positions.
Pound/Yen shows limited rate movement and the pair sees 31% less than typical funds. Neutral sentiment of the market players is leaning towards the long side by 14%. Once again the calm rate movement and slow trading are limiting factors.
Euro/Yen declined by 56 pips after 7 AM and a slight loss has been posted. The pair sees more than double the monthly average funds and sentiment of the traders is neutral, 5% short. Late decline has provided bears with their profit chances.
I’m Celeste Skinner and this was Dukascopy Midday Snapshot for Wednesday.
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