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 gained 59 pips from the daily low to trade slightly in the green at noon. Traded volume is high and neutral sentiment of the traders is 6% short. Bears saw their chances early on, but the following rise was good news for bulls. Pound/Dollar has seen its trend change as well and only a slight gain was posted by midday. Traded volume is average and neutral sentiment of the traders is close to an even balance. Success depends on the timing of the trades as the trend has changed. Dollar/Yen has been trending gradually up to move above the 111 level. Turnover is typical and most of the traders have been forecasting the pair to head higher. It did go per those expectations and profits are very much likely. Pound/Yen rose by 90 pips as the pair approached the 144 level. Traders have used 21% less than typical funds trading this pair and most of them have been forecasting the pair to head lower, sentiment is 14% short. There have been some chances for profits, but the rise brought risks as well. Euro/Yen rose sharply hours into the trading day and rise has resulted in a gain of point 26%. Trading has been active, volume is high and most of the market players have been forecasting the pair to head lower. Sharp rise makes losses more likely for investors. 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 gained 59 pips from the daily low to trade slightly in the green at noon. Traded volume is high and neutral sentiment of the traders is 6% short. Bears saw their chances early on, but the following rise was good news for bulls.
Pound/Dollar has seen its trend change as well and only a slight gain was posted by midday. Traded volume is average and neutral sentiment of the traders is close to an even balance. Success depends on the timing of the trades as the trend has changed.
Dollar/Yen has been trending gradually up to move above the 111 level. Turnover is typical and most of the traders have been forecasting the pair to head higher. It did go per those expectations and profits are very much likely.
Pound/Yen rose by 90 pips as the pair approached the 144 level. Traders have used 21% less than typical funds trading this pair and most of them have been forecasting the pair to head lower, sentiment is 14% short. There have been some chances for profits, but the rise brought risks as well.
Euro/Yen rose sharply hours into the trading day and rise has resulted in a gain of point 26%. Trading has been active, volume is high and most of the market players have been forecasting the pair to head lower. Sharp rise makes losses more likely for investors.
I’m Kiays Khalil and that’s it for Friday’s Dukascopy Midday Snapshot.
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