It’s time once again for the Dukascopy Midday Snapshot with a look at how market players have fared during the morning session. Euro/Dollar has moved slowly up and rise has resulted in a gain of point 37%. Turnover is low and sentiment of the traders is neutral, standing at 4% short. Bulls have been in better positions so far, but the calm trading approach is the limiting factor. Pound/Dollar’s gradual rise was followed by a decline, which wiped out all of the gains. The Cable sees a typical amount of funds and neutral sentiment is leaning towards the short side by 8%. Bulls had their chances during the rise, but some opportunities were there for bears after the high was reached. Dollar/Yen was back near the opening level at noon after walking in a total range of 49 pips. Traded volume is average and neutral sentiment is 6% long. Both sides have had their chances as a single trend hasn’t formed. Pound/Yen moved sharply lower hours into the session, but the following rise has wiped out all of the loss. Traded volume is extremely high and neutral sentiment is 5% short. Success depends on the timing of the trades as the trend has changed. Euro/Yen has been trending up and a gain of point 4% has been posted. Traded volume is low and most of the funds have been driven by bullish expectations. Traders have done a good job working out the rate movement direction and a more active trading approach would have increased profits. I’m Kiays Khalil and that brings Wednesday’s Midday Snapshot to an end.
It’s time once again for the Dukascopy Midday Snapshot with a look at how market players have fared during the morning session.
Euro/Dollar has moved slowly up and rise has resulted in a gain of point 37%. Turnover is low and sentiment of the traders is neutral, standing at 4% short. Bulls have been in better positions so far, but the calm trading approach is the limiting factor.
Pound/Dollar’s gradual rise was followed by a decline, which wiped out all of the gains. The Cable sees a typical amount of funds and neutral sentiment is leaning towards the short side by 8%. Bulls had their chances during the rise, but some opportunities were there for bears after the high was reached.
Dollar/Yen was back near the opening level at noon after walking in a total range of 49 pips. Traded volume is average and neutral sentiment is 6% long. Both sides have had their chances as a single trend hasn’t formed.
Pound/Yen moved sharply lower hours into the session, but the following rise has wiped out all of the loss. Traded volume is extremely high and neutral sentiment is 5% short. Success depends on the timing of the trades as the trend has changed.
Euro/Yen has been trending up and a gain of point 4% has been posted. Traded volume is low and most of the funds have been driven by bullish expectations. Traders have done a good job working out the rate movement direction and a more active trading approach would have increased profits.
I’m Kiays Khalil and that brings Wednesday’s Midday Snapshot to an end.
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