This is the Dukascopy Midday Snapshot, where we take a look at how market participants have performed over the 12 hours to midday.
Euro/Dollar declined by 67 pips and a loss of point 13% was posted at noon as the pair rose from the daily low. Traded volume is average and sentiment of the traders is neutral, short positions are up by 4%. Decline puts bearish market players in better positions so far today.
Pound/Dollar shot up during the early trading hours and a gain of point 17% has been posted. The Cable sees a massive 161% more than average funds and sentiment of the traders is neutral, 7% short. Early trading hours provided solid profit opportunities for those who had long positions.
Dollar/Yen has gained a total of 55 pips and the pair was point 29% in the green at 12 o’clock. Turnover is low and most of the funds have been driven by bullish expectations. Uptrend makes profits very much likely and a more active trading approach would have increased them.
Pound/Yen’s uptrend has resulted in a gain of point 46%. Traded volume is low and most of the traders have been forecasting the pair to head lower. It went in the opposite direction to those forecasts, but the slow trading should cushion losses.
Euro/Yen has seen its trend change and the pair was back near the opening level at noon. Traded volume is average and most of the traders have been in long positions. There have been both chances and risks as a single trend hasn’t formed.
I’m ____________ and that brings Thursday’s Midday Snapshot to an end.

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