GBP/USD Drops By 95 Pips
November 29, 2018 12:48 pmVideo
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It’s 12 o’clock on this Thursday and time for the Dukascopy Midday Snapshot.
Euro/Dollar stood slightly in the red after walking in a total range of 49 pips. Traded volume is average and neutral sentiment of the traders is 7% long. Both sides have had their profit opportunities as a single trend hasn’t formed for this pair.
Pound/Dollar took a sharp decline to trade point 42% in the red at 12 o’clock. The Cable sees a typical amount of funds and neutral sentiment of the traders is 10% long. Sharp decline puts bearish market players in better positions so far today.
Dollar/Yen dropped early on, but some of the loss was recovered afterwards. Traded volume is high and sentiment of the traders is neutral, 5% short. Early decline provided profit opportunities for those who were short, but the change in trend was good news for bulls.
Pound/Yen has moved sharply down and a loss of point 57% was posted at noon. Trading has been typical in terms of volume and most of the funds were in short positions. The rate did go per those expectations, making profits very much likely.
Euro/Yen has been trending lower and decline puts the pair point 16% in the red. Traders have used less than half of the monthly average funds trading this pair and sentiment is neutral, short positions are up by 3%. Profits are more likely for bears, but the calm trading approach is the limiting factor.
I’m Jack Everitt and this is how traders have performed so far on this Thursday.
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