The first half of the trading day is over and it’s time for us to take a look at the performance of the traders with the Dukascopy Midday Snapshot. Euro/Dollar declined slowly by a total of only 30 pips to stand slightly in the red at noon. Traded volume is low and sentiment of the traders is neutral, short positions are up by seven percent. The gradual decline has provided some limited profit opportunities for those who were in short positions. Pound/Dollar dropped by 58 pips after 9 o’clock as the UK Services PMI disappointed and a slight loss was posted at midday. The Cable sees 22 percent more than usual funds and sentiment of the traders is neutral, long positions are up by 10 percent. Late drop was good news for those who were anticipating poor Services sector figures. Dollar/Yen has walked in a total range of only 26 pips and the pair sees less than half of the monthly average funds. Neutral sentiment of the traders is 12 percent long. Both the flat rate movement and passive trading suggest no significant moves in funds are likely. Pound/Yen declined by 68 pips as noon approached, but the pair has attracted only half of the typical funds. Most of the traders have been forecasting the pair to head lower and it did go per those expectations, but the passive trading approach limits upside potential. Euro/Yen has been mostly trending lower and a slight loss was posted at 12 o’clock. Traded volume is extremely low and most of the traders have been in long positions, sentiment is strongly bullish. Downtrend makes losses more likely, but they should be cushion by the passive trading approach. I’m Kiays Khalil and this is how the traders have performed so far on Tuesday.
The first half of the trading day is over and it’s time for us to take a look at the performance of the traders with the Dukascopy Midday Snapshot.
Euro/Dollar declined slowly by a total of only 30 pips to stand slightly in the red at noon. Traded volume is low and sentiment of the traders is neutral, short positions are up by seven percent. The gradual decline has provided some limited profit opportunities for those who were in short positions.
Pound/Dollar dropped by 58 pips after 9 o’clock as the UK Services PMI disappointed and a slight loss was posted at midday. The Cable sees 22 percent more than usual funds and sentiment of the traders is neutral, long positions are up by 10 percent. Late drop was good news for those who were anticipating poor Services sector figures.
Dollar/Yen has walked in a total range of only 26 pips and the pair sees less than half of the monthly average funds. Neutral sentiment of the traders is 12 percent long. Both the flat rate movement and passive trading suggest no significant moves in funds are likely.
Pound/Yen declined by 68 pips as noon approached, but the pair has attracted only half of the typical funds. Most of the traders have been forecasting the pair to head lower and it did go per those expectations, but the passive trading approach limits upside potential.
Euro/Yen has been mostly trending lower and a slight loss was posted at 12 o’clock. Traded volume is extremely low and most of the traders have been in long positions, sentiment is strongly bullish. Downtrend makes losses more likely, but they should be cushion by the passive trading approach.
I’m Kiays Khalil and this is how the traders have performed so far on Tuesday.
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