Midday Snapshot

Let’s find out how the sentiment of the traders compares with the actual rate movements during the morning session on this Tuesday. Euro/Dollar has walked in a total range of just 44 pips, attracting 25% less than typical funds. Sentiment of the traders is neutral, 8% long. Calm trading along with the narrow price movement range suggest both profits and losses shouldn’t be significant. Pound... Еще/Dollar gained ground hours into the session and rise has resulted in a gain of point 26%. The Cable sees just 19% less than average funds and most of the traders have been forecasting the pair to move higher. Late rise has provided solid chances for market players and a more aggressive approach would have increased profits. Dollar/Yen dropped shortly after midnight and a loss of point 4% has been posted. This pair has attracted an average amount of funds and sentiment of the market players is neutral, 2% short. Early drop puts bears in better positions so far today. Pound/Yen has recovered most of the early losses as it rose from the low of 141 19. Traded volume is low and most of the market players have been expecting the pair to head North. Trading should be successful if it was done after the early decline. Euro/Yen has been on a slide and drop puts the pair point 43% in the red. Traded volume is average and neutral sentiment of the traders is at an even balance. Steep decline makes a successful morning session more likely for bears. I’m Jack Everitt and this was the Dukascopy Midday Snapshot for Tuesday.

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