31.07.2017 – Midday Snapshot by Dukascopy
July 31, 2017 1:43 pmVideo
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Find out how this trading week has set off for the market players by watching the Dukascopy Midday Snapshot.
Euro/Dollar’s rate movement has been calm – high and low difference is just 27 pips, but the pair sees a typical amount of funds. Sentiment of the market players is neutral, 4% short. The relatively flat rate movement is the limiting factor for both sides.
Pound/Dollar’s gradual decline was followed by a rise, which has wiped out most of the loss. The Cable sees 42% less than typical funds and sentiment of the traders is neutral, 6% long. Both profits and losses shouldn’t be significant due to the flat rate movement and passive trading.
Dollar/Yen’s trend has shifted and only a slight gain was posted at 12 o’clock. Turnover is low and neutral sentiment of the traders is 2% short. Both sides have seen their profit chances as rise was followed by a decline.
No significant events for the Pound/Yen – the pair has walked in a total range of just 47 pips and traded volume is average. Sentiment of the traders is neutral, 1% long. Narrow price movement range is what suggests major moves in funds are not likely.
Euro/Yen’s rate movement is relatively flat, but the pair sees a typical amount of funds. Neutral sentiment of the market players is just 6% short. Both sides have seen limited profit opportunities due to the flat rate movement.
I’m Celeste Skinner and you’ve been watching the Dukascopy Midday Snapshot for this week’s opening trading day.
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