Currencies Little Moved by Noon
November 20, 2018 1:05 pmVideo
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The morning session is over on this Tuesday, and it’s time for the Dukascopy Midday Snapshot.
Euro/Dollar stood slightly in the red at noon after walking in a total range of 51 pips. Traded volume is average and sentiment of the traders is neutral, long positions are in the lead by 6%. Shifting trend has provided both sides with their profit opportunities.
Pound/Dollar has seen its trend change as well and the pair has traded in a total corridor of 61 pips. Turnover is low and neutral sentiment is close to an even balance. Both sides have seen some profit chances, but the calm trading approach is the limiting factor.
Dollar/Yen’s trend has changed multiple times and the pair was back near midnight’s level at 12 o’clock. Traded volume is low and most of the funds were driven by bullish expectations. Success depends on the timing of the trades as a single trend hasn’t formed.
Pound/Yen spiked hours into the trading day and only a slight loss was posted at noon. Traded volume is low and most of the funds were driven by bullish expectations. Trading should be successful if positions were opened after the daily low was hit.
Euro/Yen dropped by 68 pips after 8 AM and a loss of point 16% has been recorded. Trading has been active, volume is high and most of the funds were in short positions. The rate did go per those expectations, making profit very much likely.
I’m Jack Everitt and this was the Midday Snapshot for Tuesday.
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