Find out how trading has been shaping up for market players during the morning session on this week`s last trading day by watching the Dukascopy Midday Snapshot. I`m Alex Iszatt.
Euro/Dollar’s day has been relatively calm – it has been climbing up by 40 pips, attracting 37% less than average funds, while doing so. Traders haven’t been single minded in their expectations, sentiment is neutral. Profits are more likely for bulls, but moves in funds should be limited by both the slow trading and generally narrow price movement range.
Pound/Dollar has had a slow morning session as well – high and low difference measures at only 47 pips and traded volume is low. Sentiment of the traders is neutral, 8% short. Flat rate movement and passive trading both are limiting factors for changes in trading accounts.
Dollar/yen rose by 40 pips, but a following downtrend has cancelled out almost all of the gain. Traded volume is average and the sentiment is neutral, 5% short. Early hours should be successful for bulls, but the change in trend was good news for bears.
Pound/Yen’s day has been mostly calm – biggest move is a decline of 67 pips and this pair sees less than half of the monthly average funds. Sentiment is neutral, but leaning towards the short side by 9%. Bears had some chances during the decline, but shifts in funds should be limited by the slow trading and narrow price movement range.
Euro/Yen has seen a slow day as well – volatility is 43 pips and the pair has attracted 60% less than average funds. Most have been expecting the rate to move lower, sentiment is 22% short. Gradual rise makes losses more likely for investors, but they should be cushioned by the calm trading and low volatility.
That`s it for Friday`s Midday Snapshot, but these stats will be updated every hour, so stay tuned.

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