EUR/USD Rises After Early Decline
January 8, 2019 1:08 pmVideo
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Let’s take a look at the sentiment of the traders and how it lines up with the FX market movements during the morning session on this Tuesday.
Euro/Dollar dropped by 53 pips early in the session, but a rise wiped out most of the gains. Turnover is high and most of the traders have been forecasting the pair to head higher, sentiment is 18 percent long. Traders saw their profit chances after the early decline.
Pound/Dollar has seen its trend change and the pair was just slightly in the red at noon. The Cable sees 32 percent less than typical funds and most of them were in long positions. Both sides have seen limited profit chances due to the calm trading.
Dollar/Yen rose by 58 pips, but the pair retreated from the daily high of 109 09. Traded volume is average and neutral sentiment of the traders is near an even balance. Both sides have had their profit chances as uptrend was followed by a correction.
Pound/Yen stood slightly in the green at noon after walking in a total range of 94 pips. This pair sees a massive 199 percent more than typical funds and neutral sentiment is just one percent long. Bulls had their chances during the early trading hours, but the reversal was good news for bears.
Euro/Yen dropped early in the session, but a following uptrend wiped out most of the loss. Trading has been active here, traded volume is extremely high and neutral sentiment is just six percent long. Both sides have had their profit chances as the drop was followed by a rise.
I’m Kiays Khalil and that’s all for Tuesday’s Midday Snapshot brought to you by the Dukascopy TV Team.
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