02.08.2017 – Midday Snapshot by Dukascopy
August 2, 2017 1:05 pmVideo
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The Dukascopy TV Team is once again bringing you the Midday Snapshot where we take a look at how the market players have performed over the 12 hours to noon.
Euro/Dollar gained a total of 75 pips, before a late pull back took it back towards the opening level. Turnover is high and sentiment of the traders is neutral, 2% short. Changing trend has provided both of the close to equal sides with their profit chances,
Pound/Dollar has been calmer than usual, walking in a total range of 55 pips and attracting 24% less than typical funds. Neutral sentiment of the traders is 3% long. Both the calm trading and the narrow price movement range are limiting factors.
Dollar/Yen rose early in the day and the pair stood point 27% in the green at 12 o’clock. Turnover is high and neutral sentiment of the traders is 1% short. Early jump has provided solid profit opportunities for those who were long.
Pound/Yen has gained ground as well and rise puts the pair point 38% up from the opening level at noon. Traded volume is average and most of the funds have been driven by bullish expectations. The pair did go per those estimates, making profits very much likely.
And last up is the Euro/Yen, which rose sharply as well and this has attracted attention of the traders – the pair sees more than double the monthly average funds. Sentiment, however, is neutral, 11% long. Jump puts bullish market players in better positions.
I’m Kiays Khalil and this was the Midday Snapshot for Wednesday.
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