It’s 12 PM GMT on this Thursday, and it’s time for the Dukascopy Midday Snapshot. Euro/Dollar jumped by 46 pips hours into the trading day and a slight gain was posted at noon. Traded volume is low and neutral sentiment is leaning towards the short side by 14%. Sharp rise has provided profit opportunities for bullish market players. Pound/Dollar has been calmer than usual, trading in a total range of 56 pips. The Cable sees a typical amount of funds and sentiment is neutral at 4% short. Both sides have had only limited profit chances due to the narrow price movement range. Dollar/Yen has been trending lower and a loss of point 14% was posted at noon. Market players have used 38% less than typical funds trading this pair and most of them were in long positions. Decline has brought risks, but they should be limited by the slow trading approach. Pound/Yen has seen its trend change and only a slight loss was recorded by 12 o`clock. Traded volume is low and most of the traders have been forecasting he pair to head higher, sentiment is strongly bullish. Success depends on the timing of the trades as a single trend hasn’t formed. Euro/Yen’s trend has shifted as well and the pair was back near the opening level at midday. Traded volume is average and most were forecasting the pair to head higher. Trading should be successful if it was done after the daily low was hit. This was the Dukascopy Midday Snapshot for Thursday with me Kiays Khalil.
It’s 12 PM GMT on this Thursday, and it’s time for the Dukascopy Midday Snapshot.
Euro/Dollar jumped by 46 pips hours into the trading day and a slight gain was posted at noon. Traded volume is low and neutral sentiment is leaning towards the short side by 14%. Sharp rise has provided profit opportunities for bullish market players.
Pound/Dollar has been calmer than usual, trading in a total range of 56 pips. The Cable sees a typical amount of funds and sentiment is neutral at 4% short. Both sides have had only limited profit chances due to the narrow price movement range.
Dollar/Yen has been trending lower and a loss of point 14% was posted at noon. Market players have used 38% less than typical funds trading this pair and most of them were in long positions. Decline has brought risks, but they should be limited by the slow trading approach.
Pound/Yen has seen its trend change and only a slight loss was recorded by 12 o`clock. Traded volume is low and most of the traders have been forecasting he pair to head higher, sentiment is strongly bullish. Success depends on the timing of the trades as a single trend hasn’t formed.
Euro/Yen’s trend has shifted as well and the pair was back near the opening level at midday. Traded volume is average and most were forecasting the pair to head higher. Trading should be successful if it was done after the daily low was hit.
This was the Dukascopy Midday Snapshot for Thursday with me Kiays Khalil.
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