EUR/USD Down In Active Trading [Video]
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Euro/Dollar has moved South by a total of 62 pips to trade point 36 percent in the red at noon. Trading has been active, traders have used more than double the usual funds to trade this pair. Sentiment of the market players is neutral at four percent short. Downtrend makes a successful morning session more likely for those who were in short positions. Pound/Dollar took a slide as well and it has resulted in a loss of point 47 percent. The Cable sees 47 percent more than usual funds. The sentiment of the traders is neutral, but long positions are up by 13 percent. Downtrend puts bearish market players in better positions so far today. Dollar/Yen rose towards the 110 level by a total of 36 pips. Trading has been typical in terms of volume and most of the funds were driven by bullish expectations. The rate did go per those forecasts, making profits very much likely. Pound/Yen declined by a total of 72 pips and a loss of point 27 percent was posted at midday. Traded volume is average and most of the traders were in short positions. They have done a good job working out the rate movement direction, which suggests profits for investors. Euro/Yen declined by 53 pips after 6 AM and decline put the pair point 15 percent in the red. Turnover is high and the neutral sentiment of the traders is 7 percent short. Late decline was good news for bearish market players.
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Dukascopy Bank Team
Dukascopy Bank SA
Dukascopy Bank stands as an innovative Swiss online banking institution, with its headquarters situated in Geneva, Switzerland.
