EUR/USD Rises Above 1.17 Level
September 18, 2018 1:06 pmVideo
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This is the Dukascopy Midday Snapshot, where we take a look at how market participants have performed over the 12 hours to noon.
Euro/Dollar rose in two waves and the second rise puts the pair point 32% in the green. Traded volume is high and neutral sentiment of the traders is 5% short. Two rises puts bulls in better positions, but pull back provided some chances for bears as well.
Pound/Dollar returned back near the opening level at noon after walking in a total range of 52 pips. The Cable sees 41% more than typical funds and sentiment is neutral at 6% long. Both sides have seen their profit opportunities as a single trend didn’t form.
Dollar/Yen has been on a rise and it has resulted in a gain of point 38%. Trading has been active, volume is high and sentiment is neutral, long positions are up by 4%. Steep rise makes a successful morning session very much likely for bulls.
Pound/Yen gave up most of the early gains, but another rise puts the pair point 41% in the green at noon. Turnover is high and most of the funds were in short positions. There were profit opportunities as the rate pulled back, but there have definitely been risks as well.
Euro/Yen has had a bullish session and the pair stood point 71% in the green at 12 o’clock. Traded volume is high and most of the traders have been forecasting the pair to head lower. It went in the opposite direction, making losses more likely.
I’m Jack Everitt and you’ve been watching the Midday Snapshot for Tuesday.
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