11.08.2016 – Midday Snapshot by Dukascopy

By | August 11, 2016

We are half-way through the trading day on this Thursday so let’s see how it has been shaping up for the market players.
Euro/Dollar’s decline measures at a total of 53 pips and it has resulted in a loss of point 34%. Traded volume is average and sentiment of the traders is neutral, 5% long. Rate has been mostly moving lower, providing bearish market players with profit opportunities.
Pound/Dollar went South by almost 100 pips, but some of the loss was recovered in a following rise. The Cable sees a typical amount of funds and most of the traders have been forecasting the rate to move higher. Decline has brought risks for investors, but some chances came in a form of a late rise.
Dollar/Yen has been trending up to stand point 26% in the green at 12 o’clock. Trading has been passive, volume is extremely low and sentiment of the traders is neutral, 6% short. Uptrend suggests a successful morning session for bulls, but the passive trading is the limiting factor.
Pound/Yen was only slightly in the red at noon after walking in a total range of slightly more than 100 pips. This pair sees only close to half of the monthly average funds and neutral sentiment of market players is 7% short. Both sides have had their opportunities, but the passive trading should limit moves in funds.
A single trend hasn’t formed for the Euro/Yen as well, but the pair has attracted 23% more than typical funds. Sentiment of the traders is neutral, 9% long. Success depends on the timing of the trades as the trend has been shifting.
I’m Sam Meredith and this is how the sentiment of the traders compares with the actual rate movements at noon GMT. These stats will be updated every hour, so stay tuned.

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