Midday Snapshot

Hello. Sinead MacLaughlin back in the Dukascopy TV Centre with the Midday Snapshot for Tuesday. Here's a look at how market players have performed over the 12 hours to midday.
Euro/Dollar was mostly moving lower and it was point 23% in the red at noon as it rose from the daily low. Traded volume is average and the neutral sentiment of the traders is at a balance. Bears saw plenty of chances as the rate was heading South, but some chances were there for bulls in the late rise.
Pound/Dollar’s decline was followed by a steep rise, which cancelled out all of the loss. The Cable sees 28% more than typical funds and the neutral sentiment is just 2% long. Early hours should be successful for bears, but the following surge was good news for those who had long positions.
Dollar/Yen’s trend has changed and it was back at the opening level at 12 o’clock. Total value of the deals is 25% up from the pair’s typical and most of the traders have been forecasting the rate to head higher. Trading should be successful if it was done before the high of 123 43 was reached.
Pound/Yen declined for hours, but a following rise took it back towards the opening level. Traders have used 34% more than typical funds trading this pair and long positions dominate by 47%. Traders had some solid profit opportunities after the daily low as reached.
Euro/Yen’s trend changed after the low of 131 20 was reached, but the rate was still point 24% in the red at noon. Trading has been passive, volume is extremely low and sentiment of the traders is bearish at 19% short. There have been some solid chances for traders as the rate moved lower, but any moves in funds should be limited by the calm trading.
That’s it for now. The latest stats will be available on an hourly basis throughout the day so check back in.