It’s 12 o’clock this Tuesday, so it’s time for the Dukascopy Midday Snapshot.
Euro/Dollar has been trending lower and downtrend has resulted in a loss of point 41%. Traded volume is average and the neutral sentiment of the traders is at an even balance. Downtrend suggests a successful morning session is more likely for those who were short.
Pound/Dollar’s slide puts the pair point 87% in the red at noon. The Cable has attracted 25% more than typical funds and sentiment of the market players is neutral, 3% long. Steep slide has provided plenty of profit opportunities for those who had short positions.
Dollar/Yen’s morning session has been bullish and a gain of point 69% was posted at midday. Traded volume is average and sentiment of the traders is neutral, 3% short. Rate has been moving mostly in one direction and that’s higher, putting bulls in better positions.
Pound/Yen declined after 6 o’clock and the pair stood point 19% South of the opening level at 12 o’clock. Traded volume is average and sentiment of the market players is neutral, 11% short. Late decline has provided solid profit opportunities for bearish market players.
Euro/Yen’s trend has shifted and the pair was point 28% in the green after 12 hours of trading. This pair sees more than double the monthly average funds and most of the market players have been forecasting the rate to head lower. There have been some chances, but successful timing of the trades is key.
I’m Celeste Skinner and you’ve been watching the Midday Snapshot for Tuesday, but our updates will be providing you with the latest data throughout the day, so do check back.
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