Find out how the morning session has been shaping up for the currency traders on this week’s last trading day by watching the Dukascopy Midday Snapshot.
Euro/Dollar declined by 49 pips, but a following rise has wiped out most of the loss. Trading has been slow, this pair sees 35% less than average funds and sentiment of the traders is neutral, 14% short. Bears had their chances during the decline, but bounce back was good news for bulls.
Pound/Dollar’s trend has been changing and the pair was slightly North of the opening level at noon. The Cable sees 33% less than typical funds and most have been forecasting the rate to head lower. Traders have had their chances and risks as a single trend hasn’t formed.
Dollar/Yen’s day has been bearish and downtrend has resulted in a loss of point 46%. Traded volume is extremely low and the neutral sentiment of the traders is just 1% short. A successful morning session is more likely for bears, but the passive trading is what should limit moves in funds.
Pound/Yen has been on a slide and the pair was point 42% South of the opening level at midday. Turnover is 27% up from the pair’s monthly average and the neutral sentiment of the market players is at a balance. Bearish rate movement has provided plenty of profit chances for those who were short.
Euro/Yen dropped by 119 pips and the pair stood point 62% in the negative territory at 12 o’clock. Traded volume is low and sentiment of the traders is neutral, 6% short. Trading should be successful for bears, but the passive trading is what should limit moves in trading accounts.
I’m Celeste Skinner and this brings Friday’s Midday Snapshot to an end, but we`ll be updating these stats every hour, so do stay tuned.
You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#186894
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