04.01.2018 – Midday Snapshot by Dukascopy
January 4, 2018 1:02 pmVideo
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Find out how trading has been shaping up for currency traders so far on this Thursday by watching the Dukascopy Midday Snapshot.
Euro/Dollar’s rise continues and the pair hit the daily high of 1 2066 after gaining 62 pips. Trading has been active, volume is high and neutral sentiment is 6% short. Morning session has been Euro bullish, making profits more likely for those who had long positions.
Pound/Dollar has appreciated as well and a gain of point 33% was posted at noon. The Cable sees 28% less than typical funds and most of those have been driven by bearish expectations. Rise has brought risks for investors, but the slow trading approach should help to cushion losses.
Dollar/Yen’s decline was followed by a rise and only a fractional loss was posted by midday. Traded volume is high and neutral sentiment is 5% long. Both sides have had their profit chances as the trend has shifted.
Pound/Yen saw a sharp increase after 8 AM and it puts the pair point 33% in the green. Trading has been typical in terms of volume and most of the traders have been forecasting the pair to head higher. It did go per those expectations, making morning session sucessful for investors.
Euro/Yen’s rise has resulted in a gain of point 42%. This pair has attracted more than double the monthly average funds and most of those have been driven by bullish expectations. Traders have done a good job working out the rate movement direction and profits are very much likely.
I’m Jessica Walker and this wraps up the Midday Snapshot for Thursday.
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