We’re halfway through this week’s first trading day, so let’s look back at the rate movements and trader performance. Euro/Dollar declined by a total of 46 pips, but a late rise has wiped out most of the loss. Turnover is low and sentiment of the traders is neutral, long positions are up by 5%. Bears saw plenty of profit opportunities, but the late bounce back was good news for bulls. Pound/Dollar was flat during most of the session, rising by 44 pips as midday approached. The Cable sees less than half of the monthly average funds and most of them have been in long positions. Late rise provided some opportunities, but both the flat rate movement and passive trading approach are limiting factors. Dollar/Yen rose by 28 pips, before giving up some of the gains. Traded volume is extremely low and sentiment of the traders is bullish, long positions are in the lead by 26%. Bulls has their chances as the pair gained 28 pips, but the passive trading approach suggests no significant moves in funds are likely. Pound/Yen rose gradually by a total of 51 pips and this pair sees just half of the monthly average funds. Sentiment of the traders is strongly bullish, long positions dominate by 46%. Gradual rise suggests profits for investors, but a more active trading approach would have increased them. Euro/Yen’s day has been slow – high and low difference is 39 pips and traded volume is low. Sentiment of the traders is strongly bullish at 46% long. Both the passive trading approach and the narrow price movement range suggest no big moves in funds should be expected. You’ve been watching the Dukascopy Midday Snapshot for Monday.
We’re halfway through this week’s first trading day, so let’s look back at the rate movements and trader performance.
Euro/Dollar declined by a total of 46 pips, but a late rise has wiped out most of the loss. Turnover is low and sentiment of the traders is neutral, long positions are up by 5%. Bears saw plenty of profit opportunities, but the late bounce back was good news for bulls.
Pound/Dollar was flat during most of the session, rising by 44 pips as midday approached. The Cable sees less than half of the monthly average funds and most of them have been in long positions. Late rise provided some opportunities, but both the flat rate movement and passive trading approach are limiting factors.
Dollar/Yen rose by 28 pips, before giving up some of the gains. Traded volume is extremely low and sentiment of the traders is bullish, long positions are in the lead by 26%. Bulls has their chances as the pair gained 28 pips, but the passive trading approach suggests no significant moves in funds are likely.
Pound/Yen rose gradually by a total of 51 pips and this pair sees just half of the monthly average funds. Sentiment of the traders is strongly bullish, long positions dominate by 46%. Gradual rise suggests profits for investors, but a more active trading approach would have increased them.
Euro/Yen’s day has been slow – high and low difference is 39 pips and traded volume is low. Sentiment of the traders is strongly bullish at 46% long. Both the passive trading approach and the narrow price movement range suggest no big moves in funds should be expected.
You’ve been watching the Dukascopy Midday Snapshot for Monday.
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