We’re halfway through the last trading day of the week, so let’s take a look at the performance of the traders with the Midday Snapshot. Euro/Dollar rose above the 1 14 level and a gain of point 37% has been posted. Traded volume is average and neutral sentiment of the traders is 10% short. Uptrend makes a successful morning session very much likely for those who were in long positions. Pound/Dollar has edged higher as well, but a late correction wiped out some of the gains. The Cable sees 33% less than typical funds and most of them have been in short positions. Gradual rise has brought risks for investors, but the passive trading approach should provide a cushion. Dollar/Yen has seen its trend change and the pair was back near the opening level at noon. Trading has been passive, volume is extremely low and sentiment of the traders is neutral, 3% short. Both sides have had their profit chances, but the slow trading approach is the limiting factor. Pound/Dollar shot up by close to 100 pips and a gain of point 27% was posted at midday. Traded volume is low and most of the traders have been forecasting the pair to head lower. Traders saw risks as the pair jumped by almost 100 pips. Euro/Yen has gained ground as well and rise puts the pair point 51% in the green. Traded volume is extremely low and most of the funds were driven by bearish expectations. Uptrend makes losses more likely, but they should be cushioned by the slow trading approach. I’m Jack Everitt and that’s it for Friday’s Dukascopy Midday Snapshot.
We’re halfway through the last trading day of the week, so let’s take a look at the performance of the traders with the Midday Snapshot.
Euro/Dollar rose above the 1 14 level and a gain of point 37% has been posted. Traded volume is average and neutral sentiment of the traders is 10% short. Uptrend makes a successful morning session very much likely for those who were in long positions.
Pound/Dollar has edged higher as well, but a late correction wiped out some of the gains. The Cable sees 33% less than typical funds and most of them have been in short positions. Gradual rise has brought risks for investors, but the passive trading approach should provide a cushion.
Dollar/Yen has seen its trend change and the pair was back near the opening level at noon. Trading has been passive, volume is extremely low and sentiment of the traders is neutral, 3% short. Both sides have had their profit chances, but the slow trading approach is the limiting factor.
Pound/Dollar shot up by close to 100 pips and a gain of point 27% was posted at midday. Traded volume is low and most of the traders have been forecasting the pair to head lower. Traders saw risks as the pair jumped by almost 100 pips.
Euro/Yen has gained ground as well and rise puts the pair point 51% in the green. Traded volume is extremely low and most of the funds were driven by bearish expectations. Uptrend makes losses more likely, but they should be cushioned by the slow trading approach.
I’m Jack Everitt and that’s it for Friday’s Dukascopy Midday Snapshot.
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