EUR/USD Rises Towards 1.14
November 26, 2018 1:05 pmVideo
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We have reached the midpoint of the first trading day of this week, so let’s see how market players have managed to work out the rate shifts.
Euro/Dollar has been trending up and a gain of point 28% was posted at noon. Traded volume is extremely low and most of the funds were in short positions. Uptrend has brought risks, but the passive trading approach should help to cushion losses.
Pound/Dollar rose by 62 pips and the pair stood point 35% in the green at midday. The Cable sees just half of the usual funds and neutral sentiment is 8% short. The rate has been on a rise, making profits more likely for those who were long.
Dollar/Yen shot up early in the day and a gain of a quarter of a percent has been posted. Turnover is low and most of the funds were in long positions. The rate did go per those expectations and profits could be increased by a more active trading approach.
Pound/Yen’s bullish rate movement puts the pair point 58% in the green. Traded volume is extremely low and neutral sentiment of the traders is leaning towards the long side by 12%. Uptrend has provided profit opportunities for the small majority of the traders that had long positions.
Euro/Yen rose by almost 100 pips and a gain of point 52% was posted at noon. Trading has been active, volume is high and most of the funds were in long positions. Traders have done a good job working out the rate movement direction, suggesting a successful morning session.
I’m Kiays Khalil and that’s it for this week’s opening edition of the Dukascopy Midday Snapshot.
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