This is another Midday Snapshot brought to you by the Dukascopy TV Team. I’m Doireann McDermott and here’s a look at how market participants have fared over the morning session.
Euro/Dollar was back near the opening level at noon after walking in a total range of 62 pips. Turnover is 36% up from the monthly average and the sentiment is neutral, 9% long. Trend has been shifting, providing both of the close to equal sides with chances as well as risks.
Pound/Dollar has had a relatively calm day, trading in a corridor of just 54 pips and attracting 37% less than usual funds. Sentiment of traders is neutral, close to a balance. Both the slow trading and low volatility suggest no major moves in funds are likely.
Dollar/Yen dropped by 71 pips after the uptrend that lasted for more than 5 hours, but the rate rose again and it stood point 2% in the green at noon. Traded volume is average and the sentiment is neutral, 3% short. Bulls, just like bears have seen their opportunities and risks as a single trend hasn’t formed.
Pound/Yen’s slide was followed by a steep rise and a gain of point 1% was posteds smidday. Turnover is 44% down from the pair’s monthly average and the sentiment is bullish, 20% long. Traders had their chances during the late rise, but any moves in funds should be limited by the calm trading.
Euro/Yen has had a relatively slow day, volatility is 51 pips and traded volume is 26% down from the monthly average. Sentiment is neutral, but leaning towards the bullish side by 14%. Rate has been mostly moving sideways and volume is low so no significant profits or losses are likely.
That brings Wednesday’s Midday Snapshot to an end. These stats are updated on an hourly basis throughout the day so stay tuned.

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