11.10.2016 – Midday Snapshot by Dukascopy

By | October 11, 2016

It’s 12 o`clock GMT on this Tuesday so let’s have a look at the sentiment of the traders to find out how it compares with the actual rate shifts.
Euro/Dollar lost a total of 69 pips from the early high of 1 1141 in a relatively steep decline. Traders have used 22% more than average funds trading this pair and the neutral sentiment of the market players is just 3% short. Rate movement has been unidirectional, putting bears in better positions.
Pound/Dollar’s day has been bearish so far and the pair stands point 6% in the red. The Cable sees 26% less than average funds and sentiment of the market players is just 3% long. Downtrend has provided plenty of profit chances for those who were short.
Dollar/Yen has walked in a total range of only 40 pips and traded volume is low. Sentiment of the market players is neutral, long positions are up by just 6%. Rate movement has been flat and trading slow, so moves in funds shouldn’t be significant for both sides.
Pound/Yen’s steep decline puts the pair point 53% in the red at 12 o’clock. Trading has been slower than usual and the sentiment of the traders is neutral, 6% short. Steep decline suggests a successful morning session for bears.
Euro/Yen took a dive after the high of 115 80 was reached and it has resulted in a loss of point 48%. Turnover is high and sentiment of the traders is neutral, 9% short. Drop has provided some solid profit opportunities for those who had short positions.
I’m Celeste Skinner and you’ve been watching the Midday Snapshot for Tuesday. As usual, these stats will be updated on an hourly basis, so stay tuned.

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