It’s noon GMT on this Wednesday and time for the Dukascopy Midday Snapshot. Euro/Dollar’s rate movement has been flat, high and low difference measures at only 32 pips, but traded volume average. Sentiment of the traders is neutral, long positions are up by just 3%. Rate has been moving in a relatively narrow range, so both profits and losses shouldn’t be significant. Pound/Dollar declined after reaching the daily high and it was point 23% in the red at noon. The Cable sees a typical amount of funds and the neutral sentiment of the market players is just 5% long. Decline makes a successful morning session more likely for those who had short positions. Dollar/Yen’s high and low difference measures at only 44 pips and the rate was back near the opening level at midday. This pair has attracted 39% more than typical funds and the sentiment of the traders is neutral, 9% short. Both sides have seen some chances, but the flat rate movement is the limiting factor. Pound/Yen moved South after the flat early hours and decline has resulted in a loss of point 3%. This pair sees 30% less than typical funds and most of the market players have been forecasting the pair to move higher. Late decline has brought some serious risks for investors, but the calm trading is what should cushion losses. Euro/Yen has walked in a narrow range of 44 pips and it was just slightly up from the opening level at 12 o’clock. Traded volume is 26% down from the pair’s monthly average and most of the market players have been bullish in their expectations. Moves in funds shouldn’t be significant as trading has been slow and rate movement flat. I’m Jessica Walker and this was the Midday Snapshot for Wednesday. We`ll be updating these stats on an hourly basis, so stay tuned.
