EUR/USD Drops Towards 1.13
February 7, 2019 12:37 pmVideo
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It’s time for the Dukascopy Midday Snapshot, where we will find out how market players have performed during the morning session on this Thursday.
Euro/Dollar has declined towards the 1.13 level and a loss of point 33 percent was posted at noon. Traded volume is average and the neutral sentiment of the traders is leaning towards the long side by 10 percent. Downtrend puts bearish market players in better positions so far today.
Pound/Dollar dropped after 7 AM and the decline has resulted in a loss of point 33 percent. The Cable sees 37 percent less than typical funds and the neutral sentiment of the traders is 4 percent short. Downtrend has provided profit opportunities for those who were in short positions.
Dollar/Yen has walked in a total range of 36 pips and a slight loss was posted at noon. Turnover is low and most of the traders have been forecasting the pair to head higher. Shifting trend has brought both chances and risks.
Pound/Yen took a slide and a loss of point 49 percent has been recorded. Traded volume is extremely low and the neutral sentiment of the traders is 10 percent long. The sharp decline was good news for bearish market players.
Euro/Yen moved South of the 125 level and the pair stood point 48 percent in the red at 12 o’clock. Traded volume is low and sentiment of the traders is neutral, but leaning towards the long side by 11 percent. Once again, profits are more likely for those who were in short positions.
I’m Kiays Khalil and that’s it for Thursday’s Dukascopy Midday Snapshot.
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