Midday Snapshot

[unable to retrieve full-text content]

Find out how trading has been shaping up for market players during the morning session on this Tuesday by watching the Dukascopy Midday Snapshot.
Euro/Dollar rose by 59 pips to hit the high of 1 09, but a following slide took the rate back below the opening level. Traded volume is average and the neutral sentiment of the traders is just 3% short. Both trends have lasted for hours, providing both sides with their profit opportunities.
Pound/Dollar’s day has been bearish and a loss of point 76% was recorded at midday. The Cable sees 55% more than usual funds and most of the traders have been forecasting the rate to head higher. Steep decline makes losses more likely for investors.
Dollar/Yen’s trend has been changing and the rate was back near the opening level at 12 o’clock. Traders have used more than double the monthly average funds and sentiment of the traders is neutral, just 2% long. Success depends on the timing of the trades as the trend has been changing.
Pound/Yen has been on a slide and it has resulted in a loss of point 73%. Market players have traded 31% more than average funds on this pair and the neutral sentiment is just 5% long. Steep slide has provided plenty of profit chances for those who had short positions.
Euro/Yen’s day has been slow – high and low difference is just 36 pips and traded volume is extremely low. Sentiment of the traders is neutral, 5% long. Rate movement has been flat and trading passive, so both profits and losses shouldn’t be significant.
I’m Jessica Walker and that’s it for Tuesday’s Midday Snapshot. Stay tuned for the hourly updates to track the latest changes in trader performance throughout the day.

Author: dukascopy
Tags: forex news currency trading review traders sentiment forex market pips
Posted: 24 January 2016
Rating:
Votes:

Midday Snapshot