Euro/Dollar has had an extremely slow day, trading in a total range of just 24 pips. Traded volume is low and sentiment of the market players is neutral, 4% long. Trading has been passive and the limited rate movement range suggests no major profits or losses are likely. Pound/Dollar declined by a total of 48 pips, before rising from the daily low. The Cable sees 42% less than typical funds and most of the funds were in long positions. Traders saw some limited profit opportunities after the pair hit the daily low. Dollar/Yen rose by 28 pips during the early trading hours and the pair sees less than half of the monthly average funds. Sentiment of the traders is neutral, long positions are up by 2%. Bulls had some profit chances, but the calm rate movement and passive trading approach are limiting factors. Pound/Yen has traded in a total range of 56 pips and the traded volume is average. Most of the funds were driven by bullish expectations. Both sides have had their chances, but the narrow price movement range suggests no significant profits or losses are likely. Euro/Yen's rate movement has been slow and the pair has been traded passively. Sentiment of the traders is strongly bullish, long positions dominate. Both the passive trading approach and flat rate movement 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 Forex Analysis

Editors’ Picks

EUR/USD pressured around 1.13 after jump in US jobs

EUR/USD is trading around 1.13, down after US Non-Farm Payrolls shocked with a leap of 2.5 million jobs in May, contrary to all projections. The greenback is gaining while stocks are falling, a correlation breakdown. ECB stimulus previously supported the euro.

EUR/USD News

GBP/USD retreats from highs

GBP/USD is trading below 1.27, off the highs. The pound is struggling after Chief EU Negotiator Barnier reported little progress in Brexit talks. Robust US jobs support the dollar.

GBP/USD News

Gold sees weekly closing below $1700 - a caution for bulls

The steady decline in Gold prices (futures on Comex) accelerated on Friday, as the rates closed the week below the 1700 mark for the first time in three weeks at 1688.35. A weekly closing below the key 1700 level is unlikely to bode well for the bulls.

Gold News

Institutional demand exceeds Bitcoins supply

Greyscale floods the market with fresh money to satisfy the demand of its clients. Investors, willing to pay a 29% surcharge for exposure to Bitcoin without suffering the legal and operational inconveniences. Market remains at risk on the verge of new bullish territory.

Read more

WTI rallies above $39 as focus shifts to OPEC+ meeting

Crude oil prices built on Thursday's modest gains and rose sharply on Friday boosted by the upbeat market mood optimism surrounding Saturday's OPEC+ meeting. 

Oil News

Forex Majors

Cryptocurrencies

Signatures