It’s time once again for the Dukascopy Midday Snapshot with a look at how market players have fared during the morning session on Wednesday. Euro/Dollar shows limited rate movement as the high and low difference measures at only 29 pips. Despite the flat rate movement, traders have used 58 percent more than usual funds. Neutral sentiment of the traders is three percent long and both of the close to equal sides have seen only limited profit opportunities. Pound/Dollar has been trending South by a total of 65 pips and a loss of point 29 percent was posted at noon. The Cable sees a massive 208 percent more than usual funds and most of them were in long positions. Gradual decline has brought risks for market players that were mostly long. Dollar/Yen rose by a total of 37 pips and the pair stood point 23 percent in the green at noon. Traded volume is low and the neutral sentiment of the traders is three percent short. The slightly bullish rate movement makes a successful start of the day more likely for those who were in long positions. Pound/Yen declined by a total of 93 pips after hitting the daily high shortly after midnight. Traders have used double the usual funds to trade this pair and the neutral sentiment is leaning towards the long side by nine percent. The pair has been mostly moving lower, providing profit opportunities for bears. Euro/Yen rose shortly after midnight, but some of the gains were given up afterwards. Traded volume is average and sentiment of the traders is bullish, long positions are up by 17 percent. Bulls had their chances early on, but the following decline was good news for bears. I’m Jack Everitt and that brings Wednesday’s Midday Snapshot to an end.
It’s time once again for the Dukascopy Midday Snapshot with a look at how market players have fared during the morning session on Wednesday.
Euro/Dollar shows limited rate movement as the high and low difference measures at only 29 pips. Despite the flat rate movement, traders have used 58 percent more than usual funds. Neutral sentiment of the traders is three percent long and both of the close to equal sides have seen only limited profit opportunities.
Pound/Dollar has been trending South by a total of 65 pips and a loss of point 29 percent was posted at noon. The Cable sees a massive 208 percent more than usual funds and most of them were in long positions. Gradual decline has brought risks for market players that were mostly long.
Dollar/Yen rose by a total of 37 pips and the pair stood point 23 percent in the green at noon. Traded volume is low and the neutral sentiment of the traders is three percent short. The slightly bullish rate movement makes a successful start of the day more likely for those who were in long positions.
Pound/Yen declined by a total of 93 pips after hitting the daily high shortly after midnight. Traders have used double the usual funds to trade this pair and the neutral sentiment is leaning towards the long side by nine percent. The pair has been mostly moving lower, providing profit opportunities for bears.
Euro/Yen rose shortly after midnight, but some of the gains were given up afterwards. Traded volume is average and sentiment of the traders is bullish, long positions are up by 17 percent. Bulls had their chances early on, but the following decline was good news for bears.
I’m Jack Everitt and that brings Wednesday’s Midday Snapshot to an end.
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