25.11.2016 – Midday Snapshot by Dukascopy

By | November 25, 2016

Morning session is over on this week’s last trading day, so let’s find out how it has been shaping up for the currency traders.
Euro/Dollar has been mostly moving higher and uptrend has resulted in a gain of point 25%. Traded volume is average and sentiment of the traders is neutral, short positions are up by 5%. Most of the day has been bullish for this pair, providing plenty of profit chances for those who were long.
Pound/Dollar’s rate movement has been calmer than usual, high and low difference measures at 58 pips. The Cable sees a typical amount of funds and most of them have been driven by bearish expectations. Changes in trading accounts shouldn’t be significant due to the narrow price movement range.
Dollar/Yen took a slide and a loss of point 16% was posted at noon as the pair rose from the daily low. Turnover is high and the neutral sentiment of the traders is leaning towards the bullish side by 12%. Steep slide was in favor for bears, but the late rise was good news for bulls.
Pound/Yen’s steep decline measures at a total of 180 pips and the rate later rose slightly from the low at just slightly below the 140 level. Traded volume is average and sentiment of the traders is bullish, 19% long. Traders had their chances for profits after the daily low was reached.
Euro/Yen’s trend has changed and the pair was back near the opening level at 12 o’clock. Traded volume is average and sentiment of the traders is bearish, short positions outweigh long ones by 17%. Traders saw their chances as the pair moved South from the daily high.
I’m Jack Everitt and this was the Midday Snapshot for Friday. As usual, we’ll be updating these stats on an hourly basis, so stay tuned.

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