Find out how trading has been shaping up for currency traders so far this week by watching the Dukascopy Midday Snapshot.
Euro/Dollar has walked in a narrow range of 26 pips, but the pair has attracted 28% more than typical funds. Sentiment of the traders is neutral, short positions are up by 9%. Both sides have seen limited chances as the rate has walked in a relatively narrow range.
Pound/Dollar declined by 65 pips, but most of the loss was recovered in a following rise. The Cable sees 25% more than average funds and the neutral sentiment of the traders is 9% short. Drop was followed by a rise, providing both sides with their profit opportunities.
Dollar/Yen has been on a rise and it has resulted in a gain of point 35%. Trading has been passive, volume is extremely low and most of the traders have been forecasting the rate to head South. Gradual rise has brought risks for investors, but losses should be cushioned by the passive trading.
Pound/Yen’s trend has been changing and the pair stood point 24% in the green at noon. Traded volume is extremely low and the neutral sentiment of the traders is just 4% long. Both sides have had their chances, but the passive trading is what should limit shifts in trading accounts.
Euro/Yen’s day has been generally bullish and the pair stands point 33% up from the opening level at midday. Turnover is a massive 169% up from the pair’s typical and sentiment of the traders is neutral, close to a balance. Rise suggests a successful morning session is more likely for bulls.
I’m Sam Meredith and this was the Midday Snapshot for Monday. We`ll be updating these stats on an hourly basis, so stay tuned.
You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#190922
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