We’re halfway through this week’s last trading day, so it’s time for the Dukascopy Midday Snapshot.
Euro/Dollar has been slowly sliding lower and a loss of point 17% was posted at 12 o’clock. Traded volume is average and the neutral sentiment of the traders is 4% short. Gradual downtrend makes a successful morning session more likely for bearish market players.
Pound/Dollar took a slide and it puts the pair point 55% in the red. The Cable sees more than double the monthly average funds and the neutral sentiment of the traders is 12% long. Steep slide has provided solid profit chances for those who were short.
Dollar/Yen has walked in a total range of just 37 pips, but traded volume is average. Neutral sentiment of the traders is only 6% long. Both sides have seen limited chances for profits as rate movement has been calmer than usual.
Pound/Yen’s steep decline puts the pair point 66% in the red at midday. Turnover is high and the neutral sentiment of the market players is leaning towards the long side by 5%. Steep slide has brought plenty of profit opportunities for those who were short.
Euro/Yen has been trending South and a loss of point 28% was posted after 12 hours of trading. Traded volume is high and most of the market players have been forecasting the rate to head lower. It did go per those expectations, making profits very much likely.
I’m Sam Meredith and that’s all for Friday’s Midday Snapshot, but do stay tuned for the hourly updates.
You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#194139
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