10.08.2016 – Midday Snapshot by Dukascopy

By | August 10, 2016

We are half-way through this trading day and it’s time for the Midday Snapshot where we`ll assess the performance of the market players.
Euro/Dollar has been moving higher and the pair stands point 61% in the green at noon. Trading has been active, volume is high and the neutral sentiment of the traders is just 5% short. Uptrend has provided plenty of profit chances for bullish market players.
Pound/Dollar rose in a couple of waves to trade point 52% up from the opening level at midday. The Cable sees a typical amount of funds and the neutral sentiment of the traders is leaning towards the short side by 14%. Rises have outnumbered declines, making profits more likely for those who were long.
Dollar/Yen took a slide from the early high and the pair stands point 75% in the red at 12 o’clock. Turnover is 27% down from the pair’s usual and the neutral sentiment of the market players is 14% long. Steep slide suggests a successful morning session for bearish traders.
Pound/Yen has been mostly trending lower and a loss of point 23% has been posted. Traded volume is extremely low and sentiment of the traders is neutral at 7% long. Gradual decline provided chances for bears, but the passive trading is what should limit shifts in funds.
Euro/Yen was back near the opening level at noon after walking in a total range of 69 pips. Trading has been passive, volume is extremely low and sentiment of the traders is neutral, at a balance. Success depends on the timing of the trades, but slow trading suggests no major profits or losses are likely.
I’m Celeste Skinner and this is how traders have performed so far on this Wednesday. As usual, these stats will be updated on an hourly basis, so stay tuned.

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