JPY Weakens on Morning Session [Video]

Euro/Dollar has been traded in a total range of just 34 pips and the pair sees only half of the monthly average funds. Neutral sentiment of the traders is 1% short. Rate movement has been calm and trading passive, so both profits and losses shouldn’t be significant. Day has been calmer than usual for the Pound/Dollar as well, volatility is 46 pips and traded volume is low. Sentiment is neutral, long positions are up by 6%. Calm rate movement and slow trading approach are limiting factors here as well. Dollar/Yen has gained 44 pips and the pair stood point 32% in the green at noon. Traders have used just half of the monthly average funds trading this pair and sentiment is neutral, short positions are up by 11%. Uptrend makes a successful start of the day more likely for those who were long. Pound/Yen has moved further above the 145 level and a gain of point 34% has been posted. Turnover is low and neutral sentiment of the traders is 4% long. Yen has shown some weakness, providing profit opportunities for bulls. Euro/Yen has moved up as well and a gain of point 29% has been recorded. Traded volume is average and most of the funds were in long positions. The rate did go per those expectations and profits are very much likely.


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.