The morning session is over on this Wednesday, and it’s time for the Dukascopy Midday Snapshot. Despite the slow rate movement, Euro/Dollar has managed to attract a typical amount of funds by noon GMT. Sentiment of the traders is neutral, short positions are up by just 1%. Both sides have seen only limited profit opportunities due to the narrow price movement range. The Cable has gained ground and rise puts the pair point 49% in the green at midday. Traded volume is average and most of the funds were in short positions. The rate went in the opposite direction to the bearish forecasts, making losses more likely for investors. Dollar/Yen has walked in a total range of 31 pips, while attracting just half of the usual funds. Sentiment of the traders is neutral, but short positions are up by 13%. Both sides have seen some profit opportunities, but they should be limited by the calm trading and narrow price movement range. Pound/Yen’s chart shows uptrend and it puts the pair point 51% in the green. Traded volume is low and sentiment of the traders is neutral, 5% long. Trading should be successful for bulls as the instrument moved higher throughout the session. There’s little going on for the Euro/Yen, rate movement is relatively flat and traded volume is low. Sentiment of the traders is bullish, long positions are up by 29%. The flat rate movement and passive trading approach suggest no significant shifts in funds are likely. You’ve been watching the Midday Snapshot for Wednesday with me, Jack Everitt.
The morning session is over on this Wednesday, and it’s time for the Dukascopy Midday Snapshot.
Despite the slow rate movement, Euro/Dollar has managed to attract a typical amount of funds by noon GMT. Sentiment of the traders is neutral, short positions are up by just 1%. Both sides have seen only limited profit opportunities due to the narrow price movement range.
The Cable has gained ground and rise puts the pair point 49% in the green at midday. Traded volume is average and most of the funds were in short positions. The rate went in the opposite direction to the bearish forecasts, making losses more likely for investors.
Dollar/Yen has walked in a total range of 31 pips, while attracting just half of the usual funds. Sentiment of the traders is neutral, but short positions are up by 13%. Both sides have seen some profit opportunities, but they should be limited by the calm trading and narrow price movement range.
Pound/Yen’s chart shows uptrend and it puts the pair point 51% in the green. Traded volume is low and sentiment of the traders is neutral, 5% long. Trading should be successful for bulls as the instrument moved higher throughout the session.
There’s little going on for the Euro/Yen, rate movement is relatively flat and traded volume is low. Sentiment of the traders is bullish, long positions are up by 29%. The flat rate movement and passive trading approach suggest no significant shifts in funds are likely.
You’ve been watching the Midday Snapshot for Wednesday with me, Jack Everitt.
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