Midday Snapshot

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This is the Dukascopy Midday Snapshot where we take a look at how the market players have performed over the 12 hours to noon.
Euro/Dollar has declined by a total of 44 pips and the rate stood point 19% in the red at midday as it rose from the daily low. Traded volume is 23% up from the pair’s monthly average and the neutral sentiment of the traders is 3% short. Downward pressure has been stronger so far, making profits more likely for those who had short positions.
Pound/Dollar had a couple of attempts to move higher, but a late slide took the rate point 29% in the red at noon. The Cable sees a typical amount of funds and the bullish sentiment of the traders is 20% long. Late slide has brought risks for investors.
Dollar/Yen rose sharply during the early trading hours and it has been relatively flat afterwards. Traded volume is average and the neutral sentiment of the market players is just 8% long. Early surge makes a successful morning session more likely for bullish market players.
Pound/Yen reached the daily high of 171 30 shortly after 9 o’clock, but the following slide has wiped out all of the gains. Trading has been active, volume is high and most of the traders have been forecasting the rate to head higher. Traders had their chances in a couple of rises, before the daily high was reached.
Euro/Yen has been calmer than usual, rising by 52 pips early on and it was only slightly in the green at noon. This pair sees 23% less than typical funds and the neutral sentiment of the market players is 10% long. Early hours provided some chances for bulls, but the generally flat rate movement and slow trading is what should limit any moves in funds.
I’m Jessica Walker and that’s it for Wednesday’s main report. Check back in throughout the day for the very latest updates of these stats.

Author: dukascopy
Tags: forex news currency trading review traders sentiment forex market pips
Posted: 27 January 2016
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Midday Snapshot