It’s noon GMT on this Thursday and time for the Dukascopy Midday Snapshot where we`ll see how traders have managed to work out rate shifts.
Euro/dollar shot up by 77 pips hours into the trading day to stand point 51% in the green at noon. Traded volume is high and most of the market players have been forecasting the rate to head lower. Late surge has brought serious risks for investors.
Pound/Dollar’s day has been bullish and the pair has gained almost 2%. The Cable sees 76% more than typical funds and the neutral sentiment of the traders is 7% short. Bullish rate movement suggests a successful morning session is more likely for those who had long positions.
Dollar/Yen moved North by almost 200 pips and rise has resulted in a gain of 1.66%. Turnover is 50% up from the pair’s monthly average and the neutral sentiment of the market players is just 3% long. Buck has been on a steep rise, providing plenty of profit chances for those who were long.
Pound/Yen has had a bullish run and the pair is 3.62% up from the opening level at 12 o’clock. Traded volume is average and the neutral sentiment of the traders is only 5% long. Trading should be extremely successful for the small majority of the traders that had long positions.
Euro/Yen has been on a steep rise and it puts the pair 2.17% in the green at noon. Traded volume is average and sentiment of the traders is neutral, 4% long. Surge makes solid profits very much likely for bullish market players.
I’m Celeste Skinner and this was the Midday Snapshot for Thursday. As usual, we`ll update these stats every hour, so stay tuned.
You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#189056
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