07.11.2016 – Midday Snapshot by Dukascopy

By | November 7, 2016

Let’s find out how successful morning session has been for the currency traders on this Monday.
Euro/Dollar has been mostly moving lower and the pair stood point 28% in the red at noon. Trading has been slower than usual, volume is low and sentiment of the traders is neutral, 1% short. Downtrend suggests a successful morning session is more likely for bears, but the passive trading is the limiting factor.
Pound/Dollar has had a bearish session and downtrend has resulted in a loss of point 55%. The Cable sees 22% less than typical funds and the neutral sentiment of the market players is just 2% short. Decline puts bears in better positions, but any moves in funds should be limited by the calm trading.
Dollar/Yen rose by a total of 79 pips and a gain of point 17% was recorded at 12 o’clock. Traded volume is extremely low and sentiment of the market players is just 5% short. Uptrend has provided profit chances for bulls, but both profits and losses should be limited by the slow trading.
Pound/Yen has declined by a total of 84 pips and it stood point 38% South of the opening level at midday. Turnover is low and sentiment of the traders is neutral, 9% short. A successful start of the day is more likely for bears, but, once again, passive trading is the limiting factor.
Euro/Yen’s rate movement range has been narrow at 49 pips, but the pair sees a typical amount of funds. Neutral sentiment of the traders is at a balance. No major changes in trading accounts are likely due to the flat rate movement.
I’m Jack Everitt and this wraps up Monday’s Midday Snapshot. We`ll be updating these stats every hour so check back for latest stats throughout the day.

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