Midday Snapshot

The morning session is over on this Monday, so let's see how well the market players have worked out the rate movements. This is the Dukascopy Midday Snapshot. Euro/Dollar has been trending slowly higher and a gain of point 24% has been posted. Turnover is low and sentiment of the traders is neutral, 8% short. Gradual rise suggests a successful morning session is more likely for those who were... Еще long. Pound/Dollar’s gradual decline was followed by a rise, which has wiped out most of the loss. The Cable sees 19% less than typical funds and neutral sentiment of the traders is 4% long. Moves in trading accounts should be minimal due to the narrow price movement range and the slow trading. Dollar/Yen moved sharply lower, but a following rise has wiped out most of the loss. Traded volume is average and sentiment of the market players is neutral, 4% short. Bears had their chances as the pair declined by 56 pips, but the following rise was good news for bulls. Pound/Yen rose after the early decline as well and the pair sees a typical amount of funds. Most of them have been driven by bearish expectations. Trading should be successful it was done before the daily low was reached. Euro/Yen recovered all of the ground lost during the early trading hours. Turnover is low and sentiment of the traders is neutral, but long positions are up by 14%. Early hours should be successful for bears, but the change in trend was good news for bulls. You've been watching the Midday Snapshot for Monday with me, Celeste Skinner.

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