15.05.2017 – Midday Snapshot by Dukascopy
May 15, 2017 1:13 pmVideo
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Dukascopy Forex TV Team is back with this week’s first Midday Snapshot.
Euro/Dollar has been trending higher and rise puts the pair point 35% in the green at noon. Turnover is average and most of the market players have been forecasting the pair to head lower, sentiment is 14% short. The bullish rate movement has brought risks for those market players.
Pound/Dollar moved North towards the 1 30 level and a gain of point 24% was posted at midday following a correction. The Cable sees an average amount of funds and neutral sentiment of the traders is 4% short. Uptrend suggests a successful morning session for bullish market players.
Dollar/Yen rose by 50 pips, but some of the gains have been given up in a following pull back. Traded volume is average and sentiment of the traders is neutral, 1% long. Both sides have had their chances as the trend changed after 7 o’clock.
Pound/Yen has moved sharply higher and the pair was point 44% in the green at 12 o’clock. This pair has attracted an average amount of funds and sentiment of the traders is neutral, 4% long. Rate has been trending higher, putting bullish market players in better positions.
Euro/Yen shot up by a total of 78 pips and a gain of point 55% was posted at noon. Turnover is high and neutral sentiment of the traders is 13% long. Steep rise has provided plenty of profit chances for those who had long positions.
I’m Jack Everitt and that’s it for now. As usual, we`ll be updating these stats on an hourly basis, so do stay tuned.
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