Midday Snapshot

It's 12 PM GMT on this Tuesday, which means it's time for the Dukascopy Midday Snapshot. Euro/Dollar stood just a fraction in the green after walking in the total range of 26 pips. This pair sees the usual amount of funding, and the neutral trader's sentiment stands at 8% short. The low volatility should limit any shifts in funds. The Cable's biggest move was a decline of 38 pips, but the pair... Еще was just a fraction in the red at noon. Trading has been somewhat slower than usual, and sentiment is neutral at 24% short. Traders had some chances during the day, but they were quite limited. Dollar/Yen has had a bearish session, and a gradual decline of 54 pips left it point 39% down from the opening level at midday. Trading has been typical in terms of volume, and the sentiment is neutral at just 2% short. Trading should be successful for bears, but bulls will face losses. Pound/Yen is down as well, having lost 90 pips or point 48% during the last 12 hours. Trading has been more active than usual, and the neutral trader's sentiment stands at 5% long. Once again, going short has been the winning strategy, but bullish bets most likely brought losses. And Euro/Yen is another Yen pair which has seen a loss, as a decline of 59 pips left it point 31% in the red. Traded volume is in line with the monthly average, and traders indeed had anticipated the decline as short positions are up by no less than 44%, so, for once, most traders have had a good day. This was the Midday Snapshot for Tuesday. I'm Kiays Khalil and you may track the latest developments with the hourly updates.

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