Euro/Dollar has continued moving lower, declining by 41 pips to hit the daily low just pips above the 1 14 level. Turnover is low and sentiment of the traders is neutral, 2% short. Gradual decline has provided some chances for bears, but moves in funds should be limited by the calm trading approach. Pound/Dollar declined after 8 AM to trade point 17% in the red at noon. The Cable sees 27% more than typical funds and most of them were in long positions. Late decline has brought risks for the market players. Dollar/yen rose slowly and a slight gain was posted at midday. Traders have used just half of the monthly average funds and sentiment is neutral, 3% short. Gradual rise has provided some limited profit chances for those who were long. Pound/Yen’s rise was followed by a slide, which has wiped out all of the gain. Turnover is high and most of the traders have been forecasting the pair to head lower. Trading should be successful if it was done after the daily high was reached. Euro/Yen’s trend has changed and the pair has traded in a total range of 43 pips. Traded volume is extremely low and most of the funds were in short positions. There were some profit chances after the daily high was reached, but both the calm rate movement and passive trading approach are limiting factors.


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

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis

Latest Forex Analysis

Editors’ Picks

EUR/USD defends gains above 1.1300 amid broad dollar recovery

EUR/USD defends gains above 1.1300 amid a broad-based US dollar recovery. The shared currency remains at the mercy of the broader market sentiment as the data docket is light on Monday. COVID-19 stats in focus. 


GBP/USD batting to extend gains beyond 1.2600

Risk-on mood limits the dollar’s bullish potential. GBP/USD bounces from daily lows, but Brexit concerns weigh on Sterling. BOE Governor Bailey's speech awaited.


Gold sits near daily tops, just below $1810 level

A combination of supporting factors assisted gold to regain positive traction on Monday. Sustained USD selling remained supportive amid concerns about rising COVID-19 cases. The prevalent risk-on mood might turn out to be the only factor capping any strong gains.

Gold News

Dominance war to push Ethereum to $270

The Altcoin segment is still in full swing while the crypto board leaders, Bitcoin and Ethereum, remain stuck at the same levels as in recent weeks. The dispute for market share, or dominance in technical terms, remains at a point of maximum tension. 

Read more

WTI breaches $40 mark as talks of OPEC+ output cuts easing weigh

WTI (August futures on Nymex) extends Friday’s sell-off into the European trading this Monday, following a brief consolidation seen above $40 mark earlier in the Asian session.

Oil News

Forex Majors