It’s 12 PM GMT, so it’s time for the Midday Snapshot. Here’s a closer look at rate movements and trader performance. Euro/Dollar declined by 71 pips hours into the session and a loss of point 45% has been posted. Traded volume is average and neutral sentiment of the market players is almost at a balance. Late decline puts bearish traders in better positions. Pound/Dollar has been heading south as well and slide puts the pair point 48% in the red. The Cable sees 29% less than typical funds and neutral sentiment of the market players is at an even balance. There have been plenty of profit opportunities for those who had short positions. Dollar/yen rose gradually and trading has been passive, volume is extremely low. Sentiment of the market players is neutral, 3% short. Both the narrow price movement range and the slow trading approach are limiting factors. Pound/Yen took a slide and it has resulted in a loss of point 4%. Traded volume is extremely low and most of the market players have been forecasting the pair to head lower. It did go per those expectations and only the passive trading approach limits upside potential. Euro/Yen declined sharply after 9 AM and the pair stood point 36% in the red at 12 o’clock. Turnover is high and sentiment of the traders is bearish, short positions are up by 16%. Late drop was good news for investors. You’ve been watching the Dukascopy Midday Snapshot for Thursday with me, Jessica Walker.
It’s 12 PM GMT, so it’s time for the Midday Snapshot. Here’s a closer look at rate movements and trader performance.
Euro/Dollar declined by 71 pips hours into the session and a loss of point 45% has been posted. Traded volume is average and neutral sentiment of the market players is almost at a balance. Late decline puts bearish traders in better positions.
Pound/Dollar has been heading south as well and slide puts the pair point 48% in the red. The Cable sees 29% less than typical funds and neutral sentiment of the market players is at an even balance. There have been plenty of profit opportunities for those who had short positions.
Dollar/yen rose gradually and trading has been passive, volume is extremely low. Sentiment of the market players is neutral, 3% short. Both the narrow price movement range and the slow trading approach are limiting factors.
Pound/Yen took a slide and it has resulted in a loss of point 4%. Traded volume is extremely low and most of the market players have been forecasting the pair to head lower. It did go per those expectations and only the passive trading approach limits upside potential.
Euro/Yen declined sharply after 9 AM and the pair stood point 36% in the red at 12 o’clock. Turnover is high and sentiment of the traders is bearish, short positions are up by 16%. Late drop was good news for investors.
You’ve been watching the Dukascopy Midday Snapshot for Thursday with me, Jessica Walker.
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