01.02.2018 – Midday Snapshot by Dukascopy
February 1, 2018 1:10 pmVideo
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Here’s how traders have managed to work out the rate movements during the morning session on this Thursday.
Euro/Dollar recovered after decline and a slight gain was posted at 12 o’clock. Traded volume is average and neutral sentiment of the traders is 8% long. Decline was followed by a rise, so both sides have had their profit chances.
Pound/Dollar has seen its trend change as well and the pair was slightly up from the opening level at midday. Traded volume is average and most of the traders have been forecasting the pair to head higher. Shifting trend has provided traders with both chances and risks.
Dollar/Yen’s chart shows uptrend and a gain of point 45% has been posted. Traded volume is average and neutral sentiment of the traders is 13% short. Uptrend suggests a successful morning session for those who had long positions.
Pound/Yen moved sharply higher and the pair was point 58% in the green at 12 o’clock. Turnover is high and neutral sentiment is just 3% short. Steep rise puts bullish traders in better positions so far.
Euro/Yen has gained ground as well and a solid gain of point 61% was posted at noon. This pair sees just half of the usual funds and sentiment of the traders is neutral, 2% long. Steep rise makes profits more likely for bulls.
I’m Kiays Khalil and that’s it for the 12 o`clock report. Goodbye for now.
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