This is 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 has been calmer than usual, volatility measures at only 53 pips. Traded volume is average and the neutral sentiment of the traders is leaning towards the long side by 10%. Both sides have seen limited chances as the rate movement has been calmer than usual.
Pound/Dollar has been moving lower by a total of 91 pips to trade point 32% south of the opening level at midday. The Cable sees close to half of the monthly average funds and neutral sentiment of the market players is 3% short. Bears have been in better positions, but the passive trading suggests no major moves in funds are likely.
Dollar/Yen was heading higher for hours, but a following decline has wiped out most of the gains. Trading has been active, volume is high and sentiment of the market players is neutral, 8% long. Bulls had their chances early on, but the correction was good news for bearish traders.
Pound/Yen dropped from the daily high and a loss of point 21% was posted at noon. Trading has been typical in terms of volume and most of the market players have been forecasting the rate to head higher. Trading should be successful if it was done before the high of 138 86 was reached.
Euro/Yen’s rate movement has been mostly flat, but the pair has attracted an average amount of funds. Sentiment of the traders is neutral, but short positions are in the lead by 11%. Rate movement range has been narrow, so both profits and losses shouldn’t be significant.
I’m Jack Everitt and that’s all for Tuesday’s Midday Snapshot, but these stats are updated throughout the day, so check back.
You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#199519
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