This is the Dukascopy Midday Snapshot for Thursday, 25th of May.
Euro/Dollar rose gradually, but a following decline took the rate slightly in the red. Turnover is average and sentiment of the traders is neutral, 4% long. Bulls had their chances early on, but the following decline was good news for those who had short positions.
Pound/Dollar declined after the daily high was reached as well and a slight loss was posted at noon. The Cable sees 22% less than typical funds and neutral sentiment of the traders is 4% long. Both sides have had their profit chances as rise was followed by a decline.
Dollar/Yen has been mostly trending higher and a gain of point 17% was recorded at midday. Trading has been passive, volume is extremely low and sentiment of the traders is neutral, 3% long. The generally bullish rate movement makes a successful morning session more likely for those who were long.
Pound/Yen’s trend has changed as well and the rate was back near the opening level at 12 o’clock. Turnover is low and sentiment of the market players is neutral, 7% long. Success depends on the timing of the trades as a single trend hasn’t formed.
Euro/Yen dropped after the daily high was reached and the pair sees 26% more than typical funds. Neutral sentiment of the traders is leaning towards the short side by 5%. Both trends have lasted for hours, providing plenty of chances for both sides.
I’m Celeste Skinner and that’s it for now, but click back for the hourly updates to track the latest changes in trader performance throughout the day.

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