It’s time for the Dukascopy Midday Snapshot where you can find out how the sentiment of the traders compares with the actual rate shifts during the morning session.
Euro/Dollar’s session has been slow – high and low difference is just 27 pips and traded volume is low. Neutral sentiment of the traders is almost at an even balance. Both the passive trading and the narrow price movement range suggest no significant moves in funds should be expected.
Pound/Dollar shows limited rate movement range as well, but the pair has attracted an average amount of funds. Neutral sentiment is leaning towards the short side by 13% here. Both sides have seen only limited opportunities due to the narrow price movement range.
Dollar/Yen has been mostly trending higher and rise puts the pair point 25% in the green. Turnover is low and most of the traders have been forecasting the pair to head higher. It did go per those expectations and only the calm trading limits upside potential.
Pound/Yen’s session has been bullish and a gain of point 24% has been posted. Traded volume is extremely low and most of the funds have been driven by bullish expectations. Rise has provided plenty of chances for investors, but the calm trading approach limits upside potential.
Euro/Yen rose by a total of 43 pips and a gain of point 16% was recorded at 12 o’clock. Traded volume is low and sentiment of the market players is neutral, 9% short. Uptrend makes profits more likely for those who were in long positions.
I’m Jessica Walker and this brings Thursday’s Midday Snapshot to an end.

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