Dukascopy Bank Team
Dukascopy Bank SA
Morning session is over on this Tuesday so let’s see how traders have performed so far.
Euro/Dollar has walked in a total range of 50 pips and the pair sees 21% more than typical funds. Neutral sentiment of the traders is just 5% short. Both sides have seen some profit opportunities, but the calm rate movement is the limiting factor.
Pound/Dollar rose by 74 pips, but most of the gains were given up afterwards. The Cable has attracted 31% less than typical funds and neutral sentiment is 7% long. The trend changed after 8 AM and success depends on the timing of the trades.
Dollar/Yen was mostly heading higher and the pair stood point 21% in the green at noon. Turnover is low and sentiment of the traders is at an even balance. Upward pressure has been stronger so far, making profits more likely for those who were in long positions.
Pound/Yen gave up some of the 141 pips gained after 8 o’clock. Trading has been active, volume is high and sentiment of the traders is neutral, short positions are up by 3%. Bulls had their chances early on, but the following correction was good news for bears.
Euro/Yen saw a correction after 7 AM, but the pair was still point 27% in the green at midday. Traded volume is average and most of the funds have been in short positions. Traders had their profit opportunities after the daily high was reached.
I’m Kiays Khalil and this wraps up the Midday Snapshot for Tuesday.
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
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