22.08.2016 – Midday Snapshot by Dukascopy

By | August 22, 2016

The morning session is over on this week’s first trading day, so it’s time for the Dukascopy Midday Snapshot.
Euro/Dollar’s early decline was followed by a gradual rise, which took the rate slightly above the 1 13 level. Traded volume is average and most of the traders have been forecasting the rate to head higher. Trading should be successful if it was done after the early decline.
Pound/Dollar shot up by 88 pips and the pair stands point 32% in the green at noon. The Cable sees 34% more than typical funds and sentiment of the traders is neutral, 9% long. Steep rise suggests profits are more likely for bullish market players.
Dollar/Yen declined after reaching the high of 100 94 and a slight loss was posted at midday. Traded volume is average and the neutral sentiment of the traders is 3% short. Changing trend has provided both of the sides with their profit chances.
Pound/Yen hit the daily high of 132 17 as the pair shot up by slightly more than 100 pips, but some of the gains have been given up. Traded volume is low and most of the market players have been bullish in their expectations. Traders saw their profit chances before the daily high was reached.
Euro/Yen has been trading sideways – high and low difference is just 33 pips and traded volume is extremely low. Neutral sentiment of the traders is 11% short. Both the passive trading and the flat rate movement suggest no major moves in funds are likely.
I’m Sam Meredith and that’s all for Monday’s Midday Snapshot. Check back for the latest updates.

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