08.07.2016 – Midday Snapshot by Dukascopy

By | July 8, 2016

We have reached the midpoint of this week’s last trading day and it’s time for the Dukascopy Midday Snapshot.
Euro/Dollar has walked in a narrow range of only 33 pips and traded volume is low. Neutral sentiment of the traders is close to a balance at only 2% short. Both the passive trading and the narrow price movement range should limit moves in trading accounts.
Pound/Dollar rose towards the 1 30 level and the pair stands point 51% in the green at noon. The Cable sees less than half of the monthly average funds and the neutral sentiment of the traders is 12% short. Rise makes profits more likely for bulls, but the passive trading suggests no major moves in funds are likely.
Dollar/Yen rose after the early drop, but another decline puts it point 33% South of the opening level. Turnover is high and sentiment of the traders is neutral, just 2% long. Bears have been in better positions, but the bounce back from the daily low provided some chances for bulls as well.
Pound/Yen stands point 18% up from the opening level at noon after walking in a total range of slightly more than 100 pips. Traded volume is extremely low and sentiment of the traders is neutral, at a balance. Both sides have had their chances, but the calm trading is the limiting factor.
Euro/Yen’s morning session has been generally bearish and the pair stood point 34% in the red at midday. Trading has been active, volume is high and sentiment of the traders is neutral, 5% long. Downtrend suggests a successful morning session is more likely for bears.
I’m Celeste Skinner and that’s it for Friday’s Midday Snapshot, but we`ll be updating these stats every hour, so stay tuned.

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