20.11.2017 – Midday Snapshot by Dukascopy
November 20, 2017 12:51 pmVideo
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We’re halfway through this week’s first trading day; let’s look back at trader performance and rate movements.
Euro/Dollar’s initial rise of 84 pips was followed by a correction, but it still stood point 35% in the green at noon. Trading has been very active, and the neutral trader’s sentiment stands at 3% long. Bulls have been in better positions so far.
The Cable follows a similar pattern, and it also was point 35% up from the opening level at midday. Trading has been somewhat slower than usual, but most traders had anticipated the rise as long positions prevail by 48%. Profits are very likely, although more funding would’ve increased them.
Dollar/Yen has seen limited movement, and it stood just point 15% the green after walking in the total range of 27 pips. Traded volume is in line with the monthly average, and the sentiment is bullish at 18% long. Any shifts in funds will probably be limited by the narrow rate movement.
Pound/Yen’s gain of 127 pips left it half a percent in the green at noon. Traded volume is point 28% from this pair’s usual amount, and the sentiment is neutral at 1% short. Trading should be successful for bulls, whereas bears faced risks.
Euro/Yen’s daily volarility of 119 pips was posted during a rise, and the total gain reached point 51% at midday. Trading has been active, and the neutral trader’s sentiment stands at 12% long. Profits are very likely for the small majority of bulls.
You’ve been watching the Midday Snapshot for Monday. I’m _____ and stay tuned for the latest updates.
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