Midday Snapshot

We have reached the midpoint of the first trading day of December and it’s time for the Dukascopy Midday Snapshot. Euro/Dollar has been trending slowly higher and the pair was point 31% in the green at noon. Traded volume is average and neutral sentiment of the traders is just 4% short. Gradual rise makes a successful start of the day more likely for those who were long. Pound/Dollar shot up... Еще hours into the trading day and rise puts the pair point 87% up from the opening level at midday. The Cable sees 39% more than average funds and sentiment of the traders is neutral, 9% short. Late surge puts bullish market players in better positions. Dollar/Yen declined early on, but some of the loss was recovered in a following rise. Turnover is high and most of the market players have been forecasting the rate to head higher. Traders had their chances if positions were opened after the daily low was reached. Pound/Yen’s gradual decline was followed by a surge of close to 200 pips. Trading has been active, volume is high and sentiment of the traders is neutral, just 6% long. Early hours were in favor for bears, but the following surge was good news for bulls. Euro/Yen’s trend has shifted and the pair was back near the opening level at midday. Trading has been slower than usual, volume is low and sentiment of the traders is neutral, 11% short. Changing trend has provided both sides with their chances, but the calm trading is the limiting factor. I’m Celeste Skinner and this brings Thursday’s Midday Snapshot to an end. As usual, these stats will be updated every hour, so do stay tuned.

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