Hello, I`m Doireann McDermott and it`s time for the Midday Snapshot where we`ll see how traders have managed to work out the rate movements during the morning session on this Thursday.
Euro/Dollar rose during the early hours, but a following slide cancelled out all of the gain. Traded volume is average and the sentiment is neutral, just 2% short. Trend has shifted, providing both of the close to equal sides with their chances and risks.
Pound/Dollar’s early rise was followed by a sharp decline, resulting in a loss of point 33%. The Cable sees a typical amount of funds and the sentiment is neutral, 2% long. There were some chances for bulls during the early hours, but the following slide was good news for bears.
Dollar/Yen dropped by a total of 76 pips and it was point 18% in the red at 12 o`clock after rising from the daily low. Turnover is 30% up from the pair’s monthly average and the sentiment is strongly bullish, 47% long. There were plenty of risks for traders during the slide, but some chances were there after 9 o`clock.
Pound/Yen’s day has been bearish so far and a loss of point 51% was posted at noon. Turnover is average and the sentiment is neutral, short positions are up by just 4%. This should be a successful morning session for the small majority of traders that had short positions.
Euro/Yen’s sharp decline was followed by a rise and the pair was point 11% in the red at midday. Trading has been typical in terms of volume and the sentiment is neutral, 8% short. Changing trend suggests success depends on the time when the trades were executed.
This wraps up Thursday`s Midday Snapshot. Click back for the hourly updates to track the latest trader performance changes throughout the day.

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