24.08.2016 – Midday Snapshot by Dukascopy

By | August 24, 2016

You’re watching Dukascopy Midday Snapshot. Here’s how the market players have been doing this morning session.
Euro/Dollar has been trending South and the pair stands point 31% in the red at noon. Traded volume is average and the neutral sentiment of the traders is just 4% short. Gradual downtrend has provided plenty of profit chances for those who had short positions.
Pound/Dollar jumped by 89 pips and it has resulted in a gain of point 24%. The Cable sees 41% more than typical funds and the neutral sentiment of the traders is 4% short. Surge makes profits more likely for bullish market players.
Dollar/Yen headed slowly towards the 100 level and a slight loss was posted at noon. Trading has been passive, volume is extremely low and sentiment of the traders is neutral, 9% long. Bears have been in better positions, but the passive trading and low volatility both are limiting factors.
Pound/Yen’s downtrend was followed by a rise and it puts the pair slightly in the positive territory. Trading has been active, volume is high and neutral sentiment of the traders is just 4% long. Changing trend has provided both of the close to equal sides with their profit chances.
Euro/Yen has been moving South and downtrend puts the pair point 36% in the red. Traded volume is average and sentiment of the traders is neutral, 7% long. Gradual downtrend suggests a successful morning session for those who were short.
I’m Kiays Khalil and that brings Wednesday’s Midday Snapshot to an end. Check back in throughout the day for the latest updates.

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