05.07.2018 – Midday Snapshot by Dukascopy
July 5, 2018 12:36 pmVideo
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It’s 12 PM GMT this Thursday, and the Dukascopy TV team is here with another Midday Snapshot.
Euro/Dollar rose above the 1 17 level as it gained a total of 61 pips. Turnover is average and sentiment of the traders is neutral, long positions are up by just 1%. Rise has provided solid profit opportunities for bullish market players.
Pound/Dollar has been slowly trending higher, rising by a total of 52 pips. The Cable sees 39% less than typical funds and sentiment is neutral at 5% short. Gradual rise puts bulls in better positions so far today, but both the slow trading and flat rate movement are limiting factors.
Dollar/Yen declined early on, but all of the loss was wiped out in a following rise. Traded volume is low and sentiment of the traders is neutral, 5% long. Bears had their chances early on, but the change in trend was good news for bulls.
Pound/Yen has been mostly trending up and the pair rose by a total of 103 pips. Traded volume is average and most of the funds have been in long positions. The rate did go per those expectations, making profits very much likely.
Euro/Yen has moved sharply higher and a gain of point 57% was posted at 12 o’clock. This pair sees 21% more than typical funds and sentiment is neutral at 2% short. Uptrend suggests a successful morning session for bulls.
And that’s how things look so far. I’m Jack Everitt and goodbye for now.
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