Midday Snapshot

Find out how traders have managed to work out the rate shifts during the morning session on this Wednesday by watching the Dukascopy Midday snapshot. I`m Sinead MacLaughlin.
Euro/Dollar rose during the early hours, but a following decline has resulted in a slight loss. Traded volume is average and the neutral sentiment is at a balance. Early hours provided some chances for bulls, but the following decline was good news for bears.
Pound/Dollar surged by 57 pips early in the day, but most of the following hours have been relatively flat. The Cable sees 44% more than typical funds and most of the traders have been forecasting the rate to move higher. Early surge has provided solid profit chances for market players.
Dollar/Yen’s decline was followed by a rise, which has wiped out all of the loss. Trading has been passive, volume is extremely low and the neutral sentiment is 5% short. Both sides have had their chances, but any moves in funds should be limited by the passive trading.
Pound/Yen has been mostly trending higher and it was point 23% in the green at noon. Turnover is 32% short of the monthly average and the neutral sentiment is 7% long. Rate has been mostly moving up, making a successful start of the day more likely for those who were long.
Euro/Yen rose by 54 pips, but a following decline took it back near the opening level at midday. This pair sees less than half of the monthly average funds and most of the traders have been forecasting the rate to move lower. Traders have seen both chances and risks, but the slow trading is the limiting factor.
That’s it for Wednesday’s Midday Snapshot, but we`ll be updating these stats on an hourly basis, so do stay tuned.