Find out how the morning session has been shaping up for the currency traders on this week’s last trading day by watching the Dukascopy Midday Snapshot. I`m Monica Gibson.
Euro/dollar has plummeted by a total of 153 pips and it was almost 1% in the red at 12 o`clock. Market players have traded 47% more than average funds and the sentiment is neutral, but long positions are up by 14%. The steep decline has brought some solid profit chances for bears.
Most of the morning session was bearish for the Cable, but a late rise has cancelled out some of the loss. Pound/Dollar sees 31% less than typical funds and the sentiment is neutral. Bears had plenty of chances during the downtrend, but the late rise was good news for bulls.
Dollar/Yen moved sharply down early in the day, but a following uptrend took the rate back closer to the opening level. Total value of the deals is 40% up from the monthly average and the sentiment is neutral, 6% short. Early hours should be successful for bears, but the following uptrend was good news for traders with long positions.
Pound/Yen hit the daily low of 183 97 after approximately 10 hours of trading and it was point 39% in the red at noon as it rose slightly. Traded volume is average and the sentiment is neutral, just 1% short. Most of the day has been in favor for bears, but some chances were there for bulls late in the session.
Euro/Yen moved sharply down by more than 200 pips and it was 1.14% in the red at midday. Trading has been active, volume is a massive 232% up from the monthly average and the sentiment is neutral, 1% short. This should be a successful morning session for those who had short positions.
This brings Friday’s Midday Snapshot to an end, but we`ll be updating these stats every hour, so do stay tuned.

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