It’s 12 o’clock this Tuesday, which means it’s time for the Dukascopy Midday Snapshot.
Euro/Dollar has been calmer than usual, declining by 36 pips after 7 o’clock. Traded volume is average and the neutral sentiment of the traders is leaning towards the long side by 8%. Rate movement has been generally flat, so no major moves in trading accounts are likely.
Pound/Dollar’s trend has been changing and only a slight gain was posted at noon. The Cable sees a typical amount of funds and sentiment of the traders is neutral, 1% short. Both of the close to equal sides have had their chances as the trend has been changing.
Dollar/Yen rose by 90 pips during the early trading hours, but a following slide wiped out all of the gain. Turnover is high and the neutral sentiment of the market players is just 4% long. Bulls had their chances early on, but the following decline was good news for bears.
Pound/Yen gave up most of the early gains after reaching the high of 131 23. Trading has been active, volume is high and the neutral sentiment of the market players is 8% long. Success depends on the timing of the trades as the trend has changed.
Euro/Yen shows a similar pattern, all of the early gains were wiped out by a slide. Traded volume is high and the neutral sentiment of the traders is 8% long. Early hours should be successful for bulls, but the following slide provided solid profit opportunities for bears.
I’m Sam Meredith and you’ve been watching the Midday Snapshot for Tuesday. Check back throughout the day for the latest updates.
You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#194954
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