Volatile Morning Session
September 20, 2018 1:01 pmVideo
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Find out how trading has been shaping up for market players during the morning session on this Thursday by watching the Dukascopy Midday Snapshot.
Euro/Dollar rose above the 1 17 level to trade point 73% in the green at noon. Trading has been active, volume is extremely high and most of the traders have been forecasting the pair to head lower. The rate went in the opposite direction to those forecasts, making losses more likely for investors.
The Cable has surged as well and a gain of more than 1% was posted at midday. Traded volume is a massive 205% up from the monthly average and most of the funds were in short positions. Steep rise has brought risks for market players.
Dollar/Yen has shifted lower, hitting the daily low just pips above the 112 level. Turnover is low and sentiment of the traders is bullish, long positions are up by 17%. Early decline has brought risks for investors, but the following rise was good news.
Pound/Yen shot up by a massive 164 pips to trade almost 1% in the green at noon. Trading has been active, volume is extremely high and sentiment of the traders is neutral, 4% short. Steep rise makes a successful morning session very much likely for bulls.
Euro/Yen has gained more than 100 pips as the pair moved towards the 132 level. Traded volume is high and most of the traders were forecasting the pair to head lower. It went in the opposite direction, making losses more likely so far today.
I’m Kiays Khalil and this is how traders have performed by noon GMT.
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