Find out how trading has been shaping up for currency traders so far on this Thursday by watching the Dukascopy Midday Snapshot. I`m Imogen Comrie.
Euro/Dollar declined after 7 o`clock and a loss of point 25% was recorded at noon. Traded volume is average and the sentiment is neutral, but leaning towards the long side by 7%. The steep decline suggests a successful morning session is more likely for bearish market players.
Pound/Dollar shows a similar pattern as the traders favorite pair and it was point 17% in the red at midday. The Cable has attracted a typical amount of funds and the sentiment is neutral, 8% long. The late decline puts bearish market players in better positions.
Dollar/Yen was moving lower for hours, but a following rise has cancelled out most of the loss. Traded volume is extremely low and the sentiment is neutral, 2% short. Both sides have seen their chances and risks, but moves in funds shouldn’t be major as trading has been slow.
Pound/Yen moved South in a couple of waves and a loss of point 3% was posted at midday. This pair sees just close to half of the monthly average funds and the sentiment is neutral, 2% short. Profits are very much likely for traders with short positions, but moves in funds shouldn’t be major as trading has been slow.
Euro/Yen’s morning session has been bearish and the pair was point 31% in the red at 12 o`clock. Traded volume is low and the sentiment is bearish, 19% short. The rate did go per those forecasts and only the slow trading limits profits for investors.
This wraps up the Midday Snapshot for Thursday, but stay tuned for the hourly updates to access the most up-to-date stats throughout the day.

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