You’re watching the Dukascopy Midday Snapshot for Tuesday. Let’s take a closer look at how well the market players have worked out the rate movements.
Euro/Dollar shot up by a total of 72 pips, but a following decline has wiped out most of the gains. Turnover is high and the neutral sentiment of the traders is at a balance. Rise was followed by a decline, providing both sides with their profit opportunities.
Pound/Dollar has been on a slide and it puts the pair point 71% in the red at noon. The Cable sees an average amount of funds and sentiment of the market players is neutral. Steep slide suggests a successful morning session for those who had short positions.
A single trend hasn’t formed for the Dollar/Yen and the pair stood only slightly up from the opening level at midday. Turnover is high and sentiment of the market players is neutral, 2% long. Both sides have had their chances and risks as the trend has been shifting.
Pound/Yen’s steep decline puts the pair point 61% in the red at 12 o’clock. Traded volume is average and most of the traders have been forecasting the rate to move higher. Drop has brought serious risks for investors.
Euro/Yen’s day has been mostly bullish and a gain of point 3% has been posted. Trading has been active, volume is a massive 189% up from the pair’s monthly average and sentiment of the traders is neutral, just 3% short. Bulls have been in better positions, but some chances were there for bears in a form of a late correction.
I’m Celeste Skinner and that’s how things look so far, but these stats are updated on an hourly basis, so check back.
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