Let’s see where traders stand in terms of performance after 12 hours of trading on this year’s final trading day. Euro/dollar made its way further above the 1.14 level to trade point 31 percent in the green at noon. Turnover is low and neutral sentiment of the traders is 12 percent short. Gradual uptrend makes a successful morning session more likely for those who were in long positions. Pound/Dollar jumped by 62 pips after 9 AM and a gain of point 4 percent has been recorded. The Cable sees 43 percent less than typical funds and neutral sentiment is leaning towards the short side by 10 percent. Late jump has provided bulls with profit opportunities. Dollar/Yen took a slide and it has resulted in a loss of point 52 percent. Trading has been active, volume is high and most of the funds were in long positions. The rate went in the opposite direction to the bullish forecasts, making losses more likely for investors. Pound/Yen rebounded after dropping by 90 pips. Trading has been typical in terms of volume and neutral sentiment of the traders is at an even balance. Bears had their chances during the slide, but the following bounce back was good news for bullish market players. Euro/Yen has been mostly trending lower and a loss of point 21 percent was posted at noon. Traded volume is low and most of the traders have been forecasting the pair to head higher. The gradual downtrend has brought risks, but they should be minimized by the calm trading approach. I’m Jack Everitt and that’s all for this year’s last edition of the Dukascopy Midday Snapshot. See you next year!
Let’s see where traders stand in terms of performance after 12 hours of trading on this year’s final trading day.
Euro/dollar made its way further above the 1.14 level to trade point 31 percent in the green at noon. Turnover is low and neutral sentiment of the traders is 12 percent short. Gradual uptrend makes a successful morning session more likely for those who were in long positions.
Pound/Dollar jumped by 62 pips after 9 AM and a gain of point 4 percent has been recorded. The Cable sees 43 percent less than typical funds and neutral sentiment is leaning towards the short side by 10 percent. Late jump has provided bulls with profit opportunities.
Dollar/Yen took a slide and it has resulted in a loss of point 52 percent. Trading has been active, volume is high and most of the funds were in long positions. The rate went in the opposite direction to the bullish forecasts, making losses more likely for investors.
Pound/Yen rebounded after dropping by 90 pips. Trading has been typical in terms of volume and neutral sentiment of the traders is at an even balance. Bears had their chances during the slide, but the following bounce back was good news for bullish market players.
Euro/Yen has been mostly trending lower and a loss of point 21 percent was posted at noon. Traded volume is low and most of the traders have been forecasting the pair to head higher. The gradual downtrend has brought risks, but they should be minimized by the calm trading approach.
I’m Jack Everitt and that’s all for this year’s last edition of the Dukascopy Midday Snapshot. See you next year!
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