This is the Dukascopy Midday Snapshot for Friday, 18th of November. Let’s take a closer look at how well the market players have worked out the rate movements.
Euro/Dollar has been calmer than usual, walking in a total range of 47 pips, but the pair has attracted 37% more than typical funds. Sentiment of the market players is neutral, but short positions are in the lead by 14%. Both sides have seen only limited profit chances as rate movement range has been relatively narrow.
Pound/Dollar’s volatility of 54 pips is short of the pair’s typical and traded volume is extremely low. Sentiment of the market players is neutral, short positions are up by 10%. Both the flat rate movement and passive trading suggest no major moves in funds are likely.
Dollar/Yen rose by almost 100 pips, but all of the gains have been given up in a following decline. Turnover is high and sentiment of the traders is neutral, short positions are up by 12%. Bulls had their chances early on, but the change in trend was good news for those who were short.
Pound/Yen retreated from the high of 137 60 after gaining more than 100 pips. This pair sees 31% more than typical funds and sentiment of the traders is neutral at 1% long. Success depends on the timing of the trades as the trend has shifted.
Euro/Yen retreated from the daily high of 117 47 to trade a fraction down from the opening level at noon. Traded volume is average and sentiment of the traders is neutral, 8% long. Early rise provided bulls with their chances, but the change in trend was good news for bears.
I’m Jack Everitt and that’s all for Friday’s Midday Snapshot, but these stats are updated throughout the day, so check back.
You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#199296
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