11.07.2017 – Midday Snapshot by Dukascopy
July 11, 2017 12:59 pmVideo
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Find out how market players have performed during the morning session on this Tuesday by watching the Dukascopy Midday Snapshot.
There’s little to report on the Euro/Dollar – rate movement is flat and the pair sees less than half of the monthly average funds. Most of the traders have been forecasting the pair to head higher, but both the flat rate movement and the passive trading suggest no significant profits or losses are likely.
Pound/Dollar has moved towards the 1 30 level by 58 pips and a gain of point 2% was posted at noon. The Cable has attracted less than half of the monthly average funds as well and neutral sentiment of the traders is 7% short. Bulls have been in better positions, but the passive trading is what should limit moves in trading accounts.
Dollar/Yen climbed higher during the early trading hours and the pair was point 2% in the green at midday. Turnover is high and neutral sentiment of the traders is at an even balance. Early hours make a successful morning session more likely for those who were long.
Pound/Yen has gained close to 100 pips in a steady uptrend. Traded volume is low and most of the traders have been bearish in their expectations. Bullish rate movement makes losses more likely, but the passive trading is what should cushion them.
Euro/Yen has been trending higher and rise has resulted in a gain of point 18%. Turnover is low and neutral sentiment of the traders is 2% short. Gradual uptrend puts bullish market players in better positions.
I’m Jessica Walker and that’s it for now. You can track the latest changes in trader performance by clicking back for the hourly updates.
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