It’s noon GMT on this week’s last trading day and time for the Dukascopy Midday Snapshot.
Euro/Dollar has had a slow day – climbing gradually higher by a total of just 28 pips. Traded volume is average and the neutral sentiment of the market players is just 7% short. Bulls saw some chances, but they have been limited by the low volatility.
Pound/Dollar has walked in a narrow range of 40 pips, attracting 31% less than typical funds. Sentiment of the traders is neutral, standing 9% long. Both the passive trading and flat rate movement suggest no major profits or losses are likely.
Dollar/Yen rose in a couple of waves to trade point 19% up from the opening level at noon. Traded volume is extremely low and sentiment of the traders is neutral, 3% short. Bulls had their chances, but the passive trading should limit both profits and losses.
Pound/Yen rose shortly after midnight, but rest of the day has been generally flat. Traded volume is extremely low and most of the traders have been forecasting the rate to head higher. Early rise was good news for traders, but the passive trading limits upside potential.
Euro/Yen has been slowly trending up and a gain of point 3% has been posted. Turnover is high and the neutral sentiment of the market players is just 9% short. Uptrend suggests a successful start of the day is more likely for those who were long.
I’m Celeste Skinner and this is how traders have performed so far on Friday, but we`ll be updating these stats every hour, so stay tuned.
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