12.01.2017 – Midday Snapshot by Dukascopy
January 12, 2017 12:51 pmVideo
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It’s 12 o’clock on this Thursday and it’s time for the Dukascopy Midday Snapshot.
Euro/Dollar has been on a rise and it has resulted in a gain of point 54%. The pair sees 53% more than average funds and neutral sentiment of the market players is 9% short. Gradual rise makes a successful morning session more likely for those who had long positions.
Pound/Dollar shows a similar pattern, uptrend puts the pair point 57% in the green at noon. The Cable sees 65% more than typical funds and most of them have been driven by bullish expectations. The rate did go per those forecasts, making profits very much likely for investors.
Dollar/Yen’s day has been bearish and a loss of point 7% was posted at midday. Turnover is high and neutral sentiment of the market players is 8% long. Decline has provided plenty of profit opportunities for those who had short positions.
Pound/Yen had a bearish start of the day, but most of the loss was recovered in a following rise. Traded volume is average and sentiment of the traders is neutral, 3% short. Early hours were in favor for bears, but the change in trend was good news for bulls.
Euro/Yen rose from the daily low of 121 19, and the pair was still point 16% in the red at 12 o’clock. Traded volume is extremely high and neutral sentiment of the market players is 13% short. Bears saw plenty of profit opportunities as the rate declined, but the late bounce was good news for bulls.
I’m Jack Everitt and this is how market players have performed so far, but do stay tuned for the hourly updates.
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