Midday Snapshot

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Morning session is over on this Tuesday so let’s find out how it has been shaping up for the currency traders.
Euro/Dollar has declined by a total of 87 pips and it was point 63% in the red at noon. Traded volume is average and the neutral sentiment of the traders is just 3% long. Bearish rate movement has provided plenty of profit chances for those who had short positions.
Pound/Dollar moved South as well and a loss of point 3% was posted at midday. The Cable has attracted an average amount of funds and sentiment of the traders is neutral, but short positions are up by 7%. A successful morning session is very much likely for bears.
Dollar/Yen has retreated from the early high and it was point 44% down from the opening level at 12 o’clock. Trading has been active, volume is high and most of the traders have been forecasting the rate to head lower. It did go per those forecasts, providing plenty of chances for a successful morning session.
Pound/Yen’s downtrend has resulted in a loss of point 73%. This pair sees 55% more than average funds and sentiment of the traders is bearish, short positions are in the lead by 17%. Downtrend has lasted for hours, suggesting profits for investors.
Euro/Yen has plummeted by 162 pips and the pair stood more than 1% in the red after 12 hours of trading. This instrument sees 20% less than typical funds and short positions dominate by 40% among traders. Steep decline has provided plenty of profit chances and only the calm trading is what limits upside potential.
I’m Louise McCauley and this concludes the Midday Snapshot for Tuesday. We`ll be updating these stats on an hourly basis, so stay tuned.

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