Euro/Dollar has been trending South and a slight loss was posted at noon. Trading has been passive, volume is extremely low and neutral sentiment of the trades is 9% short. Gradual decline has provided chances for bears, but the passive trading is the limiting factor. Pound/Dollar dropped below the 1 30 level, but a slight bounce back wiped out some of the loss. The Cable sees 37% less than typical funds and neutral sentiment of the trades is 13% long. A sharp decline has provided solid profit opportunities for those who were short. Dollar/Yen has been moving slowly lower and a loss of point 11% was recorded at midday. This pair sees just half of the monthly average funds and neutral sentiment is close to an even balance. Gradual decline provided some chances for bearish traders. Pound/Yen has been on a slide, measuring at more than 100 pips. Traded volume is low and most of the funds were in long positions. Sharp decline has brought serious risks, but the calm trading approach should be the cushion. Euro/Yen moved sharply down and a loss of point 23% was posted at 12 o’clock. Traded volume is extremely low and sentiment is bullish, 25% long. There have been plenty of risks as the rate declined, but trading has been passive, so losses shouldn't be significant.


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.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD surges above 1.1100 as Trump announces steps against China

EUR/USD is trading above 1.1100, up on the day. President Trump said he orders companies to search Chinese imports for drugs. Earlier he criticized Powell's lack of action. 


GBP/USD jumps above 1.2250 on USD weakness

GBP/USD is trading close to the monthly highs above 1.2250 as the US dollar falls following Powell's hint of cutting rates and Trump's angry response. 


USD/JPY plummets to ten-day lows below 106 as Trump goes berserk on Twitter

The USD/JPY came under strong selling pressure in the last hour and erased nearly 100 pips as US President Donald Trump's latest rant on Twitter forced investors to seek refuge and ramped up the demand for safe-haven JPY. 


Powell powerless against Trump's trade wars – US braces for recession, USD set to move

"The most powerful central banker in the world" – is how we and others characterize Fed Chair Jerome Powell. While that may be true – monetary policy is reaching its limits – especially in the face of a trade war.

Read more

Gold gains more than $30, eyes 2019 highs on Trump’s tweet

Gold continues to rise sharply amid concerns about the impact of the escalation in the US-China trade war. The demand for safe-haven assets emerged over the last hours, leading to a rally in the yellow metal. 

Gold News