It’s 12 PM GMT on this Thursday, and it’s time for the Dukascopy Midday Snapshot. Euro/Dollar gained 61 pips to breach the 1 20 level, but some of the gains were given up later on. Turnover is average and sentiment of the traders is neutral, short positions outweigh long ones by 9%. Bulls had their chances during most of the session, but the late correction was good news for bearish market players. Pound/Dollar’s trend changed after the daily high was reached and the pair was slightly up from the opening level at noon. The Cable sees a typical amount of funds and neutral sentiment of the traders is 8% short. Success depends on the timing of the trades as rise was followed by a decline. Dollar/Yen took a slide by a total of 65 pips to hit the low of 109 21. Trading has been active, volume is high and neutral sentiment of the traders is at an even balance. Rate has been heading South, putting bearish market players in better positions. Pound/Yen was flat for hours, but a late slide has resulted in a loss of point 36%. Traded volume is high and most of the market players have been forecasting the pair to head South. It did go per those expectations, making the session successful for investors. And the final pair Euro/Yen was moving gradually up, before dropping by 87 pips. Traded volume is typical and sentiment of the traders is neutral, 2% short. Bulls saw some chances during the rise, but the following slide has provided solid chances for bears. This was the Dukascopy Midday Snapshot for Thursday with me Jack Everitt.
It’s 12 PM GMT on this Thursday, and it’s time for the Dukascopy Midday Snapshot.
Euro/Dollar gained 61 pips to breach the 1 20 level, but some of the gains were given up later on. Turnover is average and sentiment of the traders is neutral, short positions outweigh long ones by 9%. Bulls had their chances during most of the session, but the late correction was good news for bearish market players.
Pound/Dollar’s trend changed after the daily high was reached and the pair was slightly up from the opening level at noon. The Cable sees a typical amount of funds and neutral sentiment of the traders is 8% short. Success depends on the timing of the trades as rise was followed by a decline.
Dollar/Yen took a slide by a total of 65 pips to hit the low of 109 21. Trading has been active, volume is high and neutral sentiment of the traders is at an even balance. Rate has been heading South, putting bearish market players in better positions.
Pound/Yen was flat for hours, but a late slide has resulted in a loss of point 36%. Traded volume is high and most of the market players have been forecasting the pair to head South. It did go per those expectations, making the session successful for investors.
And the final pair Euro/Yen was moving gradually up, before dropping by 87 pips. Traded volume is typical and sentiment of the traders is neutral, 2% short. Bulls saw some chances during the rise, but the following slide has provided solid chances for bears.
This was the Dukascopy Midday Snapshot for Thursday with me Jack Everitt.
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