It’s 12 PM GMT on this Thursday, and the Dukascopy TV team is here with another Midday Snapshot. Euro/Dollar has been trending higher by a total of 52 pips and the pair stood point 25 percent in the green at noon. Turnover is low and neutral sentiment of the traders is leaning towards the short side by 14 percent. Gradual uptrend makes a successful morning session more likely for those who were in long positions. Pound/Dollar declined by a total of 52 pips to hit the daily low of 1 2616. The Cable sees 30 percent less than average funds and sentiment of the traders is neutral, 5 percent short. Gradual decline makes profits more likely for bears, but the calm trading approach is the limiting factor. Dollar/Yen took a slide, dropping by a total of 51 pips. Turnover is high and neutral sentiment of the traders stands 14 percent long. Sharp decline has provided solid profit opportunities for those who were in short positions. Pound/Yen dropped by nearly 100 pips to trade point 44 percent in the red at noon. Traded volume is low and most of the market players have been forecasting the pair to head lower. It did go per those expectations and a more active trading approach would have increased profits. Euro/Yen has walked in a relatively narrow range of 48 pips, while attracting a typical amount of funds. Neutral sentiment of the traders is leaning towards the short side by 9 percent. Both sides have seen only limited profit chances due to the narrow price movement range. That’s how things look so far. I’m Jack Everitt and goodbye for now.
It’s 12 PM GMT on this Thursday, and the Dukascopy TV team is here with another Midday Snapshot.
Euro/Dollar has been trending higher by a total of 52 pips and the pair stood point 25 percent in the green at noon. Turnover is low and neutral sentiment of the traders is leaning towards the short side by 14 percent. Gradual uptrend makes a successful morning session more likely for those who were in long positions.
Pound/Dollar declined by a total of 52 pips to hit the daily low of 1 2616. The Cable sees 30 percent less than average funds and sentiment of the traders is neutral, 5 percent short. Gradual decline makes profits more likely for bears, but the calm trading approach is the limiting factor.
Dollar/Yen took a slide, dropping by a total of 51 pips. Turnover is high and neutral sentiment of the traders stands 14 percent long. Sharp decline has provided solid profit opportunities for those who were in short positions.
Pound/Yen dropped by nearly 100 pips to trade point 44 percent in the red at noon. Traded volume is low and most of the market players have been forecasting the pair to head lower. It did go per those expectations and a more active trading approach would have increased profits.
Euro/Yen has walked in a relatively narrow range of 48 pips, while attracting a typical amount of funds. Neutral sentiment of the traders is leaning towards the short side by 9 percent. Both sides have seen only limited profit chances due to the narrow price movement range.
That’s how things look so far. I’m Jack Everitt and goodbye for now.
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