It’s noon GMT on this Thursday and time for the Dukascopy Midday Snapshot. Euro/Dollar declined early on, but a following rise has canceled out all of the loss. Turnover is average and sentiment of the traders is neutral, but long positions are up by 12%. Bears had their chances during the early trading hours, but the change in trend was good news for bullish market players. Pound/Dollar shows a similar pattern, where decline was followed by a rise. The Cable sees 28% less than typical funds and sentiment of the traders is neutral, long positions are up by 8%. Success depends on the timing of the trades as the trend has shifted. Dollar/Yen gained a total of 38 pips early in the session and the pair traded mostly sideways afterwards. Traded volume is average and sentiment of the traders is neutral, short positions are in the lead by 2%. Early rise puts bullish traders in better positions so far today. Pound/Yen has seen its trend change and the pair was slightly in the green at noon. Turnover is low and most of the funds were driven by bullish expectations. Rate movement hasn’t been as bullish as expected, but there have been some profit opportunities. Euro/Yen moved gradually up and a gain of point 13% was posted at 12 o’clock. This pair sees just half of the monthly average funds and most of the traders have been forecasting the pair to head higher. It did go per those expectations and a more active trading approach would have increased profits. I’m Kiays Khalil and you’ve been watching the Midday Snapshot for Thursday.
It’s noon GMT on this Thursday and time for the Dukascopy Midday Snapshot.
Euro/Dollar declined early on, but a following rise has canceled out all of the loss. Turnover is average and sentiment of the traders is neutral, but long positions are up by 12%. Bears had their chances during the early trading hours, but the change in trend was good news for bullish market players.
Pound/Dollar shows a similar pattern, where decline was followed by a rise. The Cable sees 28% less than typical funds and sentiment of the traders is neutral, long positions are up by 8%. Success depends on the timing of the trades as the trend has shifted.
Dollar/Yen gained a total of 38 pips early in the session and the pair traded mostly sideways afterwards. Traded volume is average and sentiment of the traders is neutral, short positions are in the lead by 2%. Early rise puts bullish traders in better positions so far today.
Pound/Yen has seen its trend change and the pair was slightly in the green at noon. Turnover is low and most of the funds were driven by bullish expectations. Rate movement hasn’t been as bullish as expected, but there have been some profit opportunities.
Euro/Yen moved gradually up and a gain of point 13% was posted at 12 o’clock. This pair sees just half of the monthly average funds and most of the traders have been forecasting the pair to head higher. It did go per those expectations and a more active trading approach would have increased profits.
I’m Kiays Khalil and you’ve been watching the Midday Snapshot for Thursday.
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