Dukascopy Forex TV Team is back with this week’s first Midday Snapshot. Euro/Dollar shows limited rate movement of 41 pips and the pair has attracted 40% less than typical funds. Neutral sentiment of the traders is leaning towards the long side by 9%, but there should be no significant moves in trading accounts here. Pound/Dollar was trending slowly up, but a late slide puts the pair point 21% in the red at noon. The Cable sees 40% less than the monthly average funds and sentiment is neutral, 6% long. Gradual rise provided chances for bulls, but the late drop was good news for bears. Dollar/Yen’s session has been slow as well, rate movement is flat and traded volume is low. Neutral sentiment of the traders is 11% long. Both the passive trading and the flat rate movement are limiting factors. Pound/Yen’s rise of 80 pips was followed by a sharp decline, which has has resulted in a slight loss. Traded volume is extremely low and most of the funds were in short positions. Traders saw their profit opportunities after the daily high was reached. Euro/Yen moved towards the 129 level by gaining 50 pips and the pair sees 55% less than typical funds. Most of the funds have been driven by bullish expectations and the rate did rise in line with those estimates. A more active trading approach would have increased profits. I’m Jack Everitt and that’s it for Monday’s Midday Snapshot.
Dukascopy Forex TV Team is back with this week’s first Midday Snapshot.
Euro/Dollar shows limited rate movement of 41 pips and the pair has attracted 40% less than typical funds. Neutral sentiment of the traders is leaning towards the long side by 9%, but there should be no significant moves in trading accounts here.
Pound/Dollar was trending slowly up, but a late slide puts the pair point 21% in the red at noon. The Cable sees 40% less than the monthly average funds and sentiment is neutral, 6% long. Gradual rise provided chances for bulls, but the late drop was good news for bears.
Dollar/Yen’s session has been slow as well, rate movement is flat and traded volume is low. Neutral sentiment of the traders is 11% long. Both the passive trading and the flat rate movement are limiting factors.
Pound/Yen’s rise of 80 pips was followed by a sharp decline, which has has resulted in a slight loss. Traded volume is extremely low and most of the funds were in short positions. Traders saw their profit opportunities after the daily high was reached.
Euro/Yen moved towards the 129 level by gaining 50 pips and the pair sees 55% less than typical funds. Most of the funds have been driven by bullish expectations and the rate did rise in line with those estimates. A more active trading approach would have increased profits.
I’m Jack Everitt and that’s it for Monday’s Midday Snapshot.
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