09.08.2016 – Midday Snapshot by Dukascopy

By | August 9, 2016

You’re watching the Midday Snapshot where we`ll let you know how successful morning session has been for the market players on this Tuesday.
Euro/Dollar’s day has been calm in terms of rate movement – high and low difference is just 25 pips. Traded volume is average and sentiment of the traders is neutral, just 4% short. Both sides have seen limited chances for profits as rate movement has been flat.
Pound/Dollar declined by a total of 70 pips to trade point 44% in the red at noon. The Cable has attracted 45% more than average funds and neutral sentiment of the traders is leaning towards the long side by 10%. Downtrend suggests a successful morning session is more likely for bears.
Dollar/Yen’s morning session has been slow – volatility is 38 pips and traded volume is extremely low. Sentiment of the traders is neutral at 11% long. Both the flat rate movement and passive trading are limiting factors.
Pound/Yen has been trending South and the pair stands point 45% South of the opening level at noon. Traded volume is extremely low and most of the market players have been forecasting the rate to head lower. It did go per those expectations and only the passive trading limits upside potential.
Euro/Yen declined by just 39 pips and a fractional loss was posted at midday. Turnover is 35% up from the pair’s typical and most of the traders have been forecasting the rate to move higher. Decline brought limited risks for investors as the high and low difference is just 39 pips.
I’m Sam Meredith and this brings Tuesday’s Midday Snapshot to an end, but these stats will be updated every hour, so stay tuned.

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