Slow Day for EUR/USD
January 17, 2019 12:41 pmVideo
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It’s time for the Dukascopy Midday Snapshot, where we’ll see how traders have managed to work out the rate movements during the morning session on this Thursday.
Euro/Dollar shows limited rate movement. The gradual decline was followed by a rise measuring at 34 pips. Traded volume is average and sentiment of the traders is neutral, standing close to an even balance. Both sides have seen only limited profit chances due to the narrow price movement range.
Pound/Dollar jumped after hitting the low of 1 2832 by a total of 80 pips. Traded volume is average and the sentiment of the traders is neutral, long positions are up by 7 percent. Decline was followed by a rise, providing both sides with their profit chances.
Dollar/Yen has been trending lower during the morning session and a loss of point 15 percent has been posted. Traded volume is low and sentiment of the traders is neutral as long positions are in the lead by only three percent. Gradual decline makes profits more likely for those who were short.
Pound/Yen dropped by more than 100 pips before bouncing back from the daily low. Traded volume is average and sentiment of the traders is neutral, nine percent short. Success depends on the timing of the trades as the trend changed after 8 AM.
Euro/Yen declined during most of the session, but a late bounce back has wiped out some of the loss. Traded volume is extremely low and sentiment of the traders is neutral, 5 percent long. Bears had their chances early on, but the following rise was good news for bulls.
I’m Kiays Khalil and that’s it for the 12 o’clock report. Goodbye for now.
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