Find out how trading has been shaping up for currency traders so far on this Thursday by watching the Dukascopy Midday Snapshot.
Euro/Dollar shot up by 105 pips after 8 o’clock and the pair stood point 56% in the green at noon. Trading has been passive, volume is extremely low and the neutral sentiment of the traders is leaning towards the short side by 13%. Late surge makes profits more likely for bullish market players.
Pound/Dollar shows a similar pattern, gaining slightly more than 200 pips to trade point 51% up from the opening level at 12 o’clock. Traded volume is extremely low and sentiment of the traders is neutral, 13% short. Bulls saw solid profit chances as the rate shot up.
Dollar/Yen’s morning session has been bullish as well and a gain of point 81% has been posted. This pair has attracted just close to half of the monthly average funds and most of the traders have been forecasting the rate to move higher. Steep rise suggests profits are very much likely for investors.
Pound/Yen’s surge has resulted in a gain of 1.33%. Traded volume is extremely low and the neutral sentiment of the traders stands 6% short. Once again, profits are very much likely for those who had long positions.
Euro/Yen‘s day has been bullish so far and rise puts the pair 1.37% in the green. Trading has been passive and sentiment of the traders is neutral, 8% short. The bullish morning session has provided plenty of profit chances for those who had long positions.
I’m Celeste Skinner and this wraps up the Midday Snapshot for Thursday, but stay tuned for the hourly updates to access the most up-to-date stats throughout the day.
You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#187350
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