We’re halfway through the first trading day of the week, so let’s take a look of the performance of the traders with the Midday Snapshot. Euro/Dollar was moving up for hours, but a following decline has wiped out all of the gains. Traded volume is average and neutral sentiment of the trades is leaning towards the short side by just 1%. Shifting trend has provided both sides with their profit opportunities. Pound/Dollar dropped by more than 100 pips after hitting the daily high. The Cable sees a typical amount of funds and most of them were in long positions. Trading should be successful if was done before the daily high was reached. Dollar/Yen was moving lower during most of the day, but a late rise cancelled out some of the loss. Traded volume is average and most of the traders have been forecasting the pair to head higher. Downtrend means risks, but the late rise has provided some profit chances as well. Pound/Yen plummeted hours into the trading day and a loss of point 39% has been posted. This pair sees less than half of the monthly average funds and most of them were in long positions. Late drop has brought serious risks for investors. Euro/Yen’s rise was followed by a decline and a loss of point 23% was recorded at midday. Traded volume is extremely low and most of the funds were driven by bearish expectations. Trading should be successful if it was done after 7 AM. I’m Kiays Khalil and that’s it for Friday’s Dukascopy Midday Snapshot.
We’re halfway through the first trading day of the week, so let’s take a look of the performance of the traders with the Midday Snapshot.
Euro/Dollar was moving up for hours, but a following decline has wiped out all of the gains. Traded volume is average and neutral sentiment of the trades is leaning towards the short side by just 1%. Shifting trend has provided both sides with their profit opportunities.
Pound/Dollar dropped by more than 100 pips after hitting the daily high. The Cable sees a typical amount of funds and most of them were in long positions. Trading should be successful if was done before the daily high was reached.
Dollar/Yen was moving lower during most of the day, but a late rise cancelled out some of the loss. Traded volume is average and most of the traders have been forecasting the pair to head higher. Downtrend means risks, but the late rise has provided some profit chances as well.
Pound/Yen plummeted hours into the trading day and a loss of point 39% has been posted. This pair sees less than half of the monthly average funds and most of them were in long positions. Late drop has brought serious risks for investors.
Euro/Yen’s rise was followed by a decline and a loss of point 23% was recorded at midday. Traded volume is extremely low and most of the funds were driven by bearish expectations. Trading should be successful if it was done after 7 AM.
I’m Kiays Khalil and that’s it for Friday’s Dukascopy Midday Snapshot.
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