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 pulls away from two-week highs, steadies near mid-1.10s

EUR/USD lost its momentum before testing 1.11 as surging US Treasury bond yields and upbeat macroeconomic data from the US helped USD gather strength.


GBP/USD fails to hold above 1.29 on broad USD recovery

GBP/USD erased more than 70 pips in American trading hours and turned red below 1.2900 pressured by the broad-based USD strength that saw the US Dollar Index rebound to 98.


USD/JPY edges higher toward 108.70 as 10-year T-bond yield extends rally

The USD/JPY pair rose modestly in the last hour boosted by the improving market sentiment and was last seen trading at 108.65, adding 0.05% on a daily basis.


US Dollar Index looks volatile below 98.00, attention stays on trade

The US Dollar Index (DXY), which tracks the buck vs. a bundle of its main competitors, alternates gains with losses on Thursday around the 97.80/90 area.

US Dollar Index News

Gold: Remains vulnerable below 100-day SMA

Gold seems to have stalled its recent corrective bounce from three-month lows and witnessed a modest pullback from previous support, now turned resistance near 100-day SMA.

Gold News

Forex Majors