Morning session is over on this Tuesday and it’s time for the Dukascopy Midday Snapshot. Here’s how the sentiment of the traders compares with the actual rate shifts.
Euro/Dollar was heading up during the early trading hours, but a following correction wiped out some of the gains. Trading has been active, volume is high and sentiment of the traders is neutral, standing at a balance. Uptrend was followed by a decline, providing both sides with their profit chances.
Pound/Dollar has had a bullish day and the pair stands 1.34% up from the opening level at midday. The Cable has attracted an average amount of funds and most of the traders have been forecasting the rate to head South. Steep rise has brought serious risks for investors.
Dollar/Yen has shot up by a total of 151 pips and the pair was 1.36% up from midnight’s level at noon. Turnover is high and the neutral sentiment of the traders is just 2% short. Sharp rise suggests a successful morning session for those who went long.
Pound/Yen has been moving in one direction and that’s higher by a massive 400 pips and rise has resulted in a gain of 2.71%. Traded volume is average and sentiment of the traders is neutral, long positions are up by just 6%. Surge makes profits very much likely for bullish market players.
Euro/Yen’s day has been bullish so far as well and the pair stands 1.68% up from the opening level. Trading has been active, volume high and the neutral sentiment of the market players is 11% short. Trading should be successful for traders that had long positions.
I’m Celeste Skinner and this wraps up the Midday Snapshot for Tuesday. We`ll be updating these stats every hour, so do stay tuned.
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