Find out how traders have performed during the morning session on this Thursday by watching the Dukascopy Midday Snapshot.
Not a lot going on for the Euro/Dollar today, high and low difference is just 26 pips and traded volume is extremely low. Sentiment of the traders is neutral, standing 7% long. Both the slow trading and narrow price movement range suggest no major moves in funds are likely.
Pound/Dollar declined by a total of 71 pips, before rising from the low of 1 2984. The Cable sees 29% less than typical funds and sentiment of the traders is just 2% long. Bears had their profit chances during most of the session, but the late rise was a ray of light for bulls.
Dollar/Yen’s day has been bullish and uptrend puts the pair point 52% in the green at noon. Traded volume is average and sentiment of the traders is neutral, 1% long. Steep rise has provided bulls with solid profit opportunities.
Pound/Yen gave up most of the early gains, but another rise puts it point 39% in the positive territory. Turnover is high and sentiment of the market players is neutral, short positions are in the lead by 5%. Profits depend on the timing of the trades as the trend has been shifting.
Euro/Yen rose sharply to hit the high of 114 20 and the pair stands point 52% in the green at 12 o’clock. Traded volume is average and most of the market players have been forecasting the pair to move higher. It did go per those expectations, suggesting a successful day for investors.
I’m Sam Meredith and this wraps up the Midday Snapshot for Thursday, but we`ll be updating these stats on an hourly basis, so stay tuned.
You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#195160
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