This is the Dukascopy Midday Snapshot for Wednesday, where we’ll take a closer look at how well the market players have worked out the rate movements. Euro/Dollar declined by a total of 39 pips to approach the 1 13 level. Turnover is high and neutral sentiment of the traders is 1% short. Gradual decline has provided profit opportunities for those who were in short positions. Pound/Dollar has seen its trend change as the pair walked in a total range of 45 pips, while attracting just half of the monthly average funds. Neutral sentiment is almost at an even balance. Both sides have had only limited profit chances, due to the narrow price movement range and passive trading. Dollar/Yen declined by 48 pips and a loss of point 21% was posted at 12 o’clock. Traded volume is extremely low and sentiment of the traders is neutral, 6% short. Bears saw their chances as the pair declined, but the calm trading approach is the limiting factor. Pound/Yen declined by 89 pips after 7 AM and traders have used a typical amount of funds trading this pair. Sentiment of the traders is neutral, bust long positions are up by 14%. Late decline makes a successful morning session more likely for bears. Euro/Yen has been trending South and the pair stood point 44% in the red at noon. Turnover is average and most of the traders have been forecasting the pair to head lower. It did go per those expectations and profits are very much likely. I’m Jack Everitt and that’s all for Wednesday’s Midday Snapshot.
This is the Dukascopy Midday Snapshot for Wednesday, where we’ll take a closer look at how well the market players have worked out the rate movements.
Euro/Dollar declined by a total of 39 pips to approach the 1 13 level. Turnover is high and neutral sentiment of the traders is 1% short. Gradual decline has provided profit opportunities for those who were in short positions.
Pound/Dollar has seen its trend change as the pair walked in a total range of 45 pips, while attracting just half of the monthly average funds. Neutral sentiment is almost at an even balance. Both sides have had only limited profit chances, due to the narrow price movement range and passive trading.
Dollar/Yen declined by 48 pips and a loss of point 21% was posted at 12 o’clock. Traded volume is extremely low and sentiment of the traders is neutral, 6% short. Bears saw their chances as the pair declined, but the calm trading approach is the limiting factor.
Pound/Yen declined by 89 pips after 7 AM and traders have used a typical amount of funds trading this pair. Sentiment of the traders is neutral, bust long positions are up by 14%. Late decline makes a successful morning session more likely for bears.
Euro/Yen has been trending South and the pair stood point 44% in the red at noon. Turnover is average and most of the traders have been forecasting the pair to head lower. It did go per those expectations and profits are very much likely.
I’m Jack Everitt and that’s all for Wednesday’s Midday Snapshot.
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