Hello, I`m Sinead MacLaughlin and it`s time for the Dukascopy Midday Snapshot where we`ll see how traders have managed to work out the rate movements during the morning session on this Thursday.
Euro/Dollar was back near the opening level at noon, after trading in a total range of 43 pips. Market players have used a typical amount of funds trading this pair and the sentiment is neutral, short positions are up by 6%. Trend has changed a number of times, providing both sides with chances as well as risks.
The Cable has been trending North and a gain of point 33% was recorded at noon. Pound/Dollar sees an average volume and the sentiment is neutral, but leaning towards the bearish side by 14%. Rate has been moving up today, making profits more likely for traders with long positions.
Dollar/Yen rose sharply, breaking through the 107 level and it stood point 2% in the green at midday. Turnover is 29% short of the monthly average and the sentiment is neutral. There have been plenty of chances for bulls, but losses are more likely for bearish market players.
Pound/Yen rose sharply by a total of 133 pips and a gain of point 53% was recorded at 12 o`clock. Market players have traded with almost double the monthly average funds and the sentiment is strongly bearish, short positions dominate by 44%. The bullish rate movement suggests losses for investors.
Euro/Yen has been trending up during most of the morning session and it stood point 27% in the green at noon. Market players have traded with a typical amount of funds and the sentiment is bullish, 18% long. The rate did go per the bullish forecasts, making this a successful morning session for traders.
That’s it for 12 o`clock report, but click back for the hourly updates to track the latest trader performance changes throughout the day.

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