They dropped GBP lower to 1.6007 below low set for the day 1.6116 using the rumor that BOE could cut the rates and later rised to 1.6200 area in just matter of 1 hr.In EURO 1.2668 low they have not broken but in USD/CHF they rised above earlier high 1.1565.USD/YEN was near low during Japanese session and now they are rising to near high 99.11.USD/CAD they rised about 250 pips earlier and now dropped to middle level.It shows that they have done either way stop hunts in some majors and most of the crosses for week end.They may focus on majors from mid US session and rise.

Regards

Dr.Sivaraman

Players have done many times the rie and drop moves during European session to discourage any one taking long positions in EURO and GBP.They have not cut the low set for the day adter initial drop they made during early European session.They are expected to slowly firm up during this session till close with swings.if there is any change in reading I will give further post in this session.

Regards

Dr.Sivaraman

For no reason or excuse the players are rising quickly about 30-70 pips in one go and dropping EURO and GBP  with the aim to hit the stops of the short sellers andlong holders.This is rather unusal to do very frequently the wide range up and down moves of larger pips size.The players want to earn from the stops and making illogical moves.This way they will prevent the traders taking further positions following technicals or other studies.Hope they will not try to cut the golden goose with extreme greed.

it is not only my observation.You can see today’s post of Valeria  - advisor blog

http://blogs.fxstreet.com/advisor/2008/10/31/starting-a-different-day/

I will observe and give the posts as we progress in the day.

Regards

Dr.Sivaraman

EURO and GBP dropped during late Japanese session to rise during European session.Then late European session a drop and further rise expected.During US session more swing and firming up move expected to close around 1.30 area in EURO and 1.66 area in GBP for week end and month end time.These are the derived expected market moves for today and may vary during actual market moves.Please use your other analysis also to decide on the trades.

Regards

Dr.Sivaraman

EURO and GBP corrected from the rised level for early US session.If they donot cut the low set for today 1.2944  in EURO and 1.6355 in GBP or cut and rise above the low in less than 30 min,they could gain further slowly during this session.They are expected to slowly firm up after the downward stop hunt move they have done in this session.They are known to do either way stop hunts depending upon the traders positions.

Regards

Dr.Sivaraman

EURO and GBP dropped from the high set for the day during mid European session and expected to recover again towards close and during US session.There will be quick swings to off load the long positions with profit and to hit the stops of the higher level buyers and then rise again after trapping lower level short sellers for the day.

Players are very active without any credit crisis and the emotional traders might find more risk in the market.To my understanding such dips are buy opportunities with 30 pips stop to limit the risk in trading.

Tomorrow they are expected to make further rises in EURO and GBP for week end and month end time.

Regards

Dr.Sivaraman

EURO and GBP made the initial rise during Japanese session start and are expected to make a quick drop and a rise towards close of Japanese session along with USD/YEN .During European session USD/YEN is expected to make downward move and then all are expected to make quick upward move towards close of European session and swing and rise firther during US session.These are the expected moves based on my algorithm and may vary in real market conditions.Please handle your trades with care.

Now the intentions of the players are revealed.They created bearish feel among traders and acted against them as a surprise.Now we can understand why they over do the events! In the process many traders would have earned initially and lost more if they have not understood the intentions of the players and acted along with them.

Every trend rteversal time they make similar propaganda of the interpretations of economic events.We need to understand the truth in it and act without becoming victim to their act.This is what I want to say now without hurting any one.

The players cannot make their investments else where and they continue to manipulate the market and earn for their big investments.In this process unfortunately even big financial Institutions act in emotion and get  trapped.That is the risk of market.The risk lies with our emotional act and not really the big moves of the market.Every time they make unassuming moves to surprise the traders and act against them.So if we develop specific trading strategies to limit the risk and maximize the profit we can sustain in this market.

Regards

Dr.Sivaraman

Today US session is considered by many as inportant day for the market to pick up the clues and move further - the FOMC interest rate decision is to be annouced by 18:15 GMT.

I am expecting the market to make small swings till the announcement time and then drop quickly about 50-70 pips before the rate announcement and then quickly rise there after for the day.

Then tomorrow they are expected to make big moves in USD/YEN - an initial drop towards late japanese session and a quick rise to go above 100 market  in during late European session.During that time EURO and GBP are expected to make range bound swings to avoid big drop in YEN crosses.Tomorrow they are expected to make unassuming USD weakening moves.This is only the expectations based on my algorithm and it may vary during actual market moves.So readers are advised to analyse on their own and then take trading decisions.

Regards

Dr.Sivaraman

EURO and GBP are expected to make a quick drop in this session before making further rise, part of massive volatile moves for the day.USD/YEN is expected to make USD gaining and USD weakening moves along with other majors unlike the contrarian moves it has been making for long time.Watch and understand how the moves vary against the expectations of the traders.Hence market continue to give surprises to traders.No realtionship or correlations of markets are permanant.

Regards

Dr.Sivaraman

EURO and GBP are making massive upward moves for the traders found easy to do sell and buy trades to do the short covering.In 2 days in this week the market sentiment is changed.Players are known to create the market sentiments and act against the traders.Now, how the liquidity has come into market when the credit crisis was accute for some time?.So what is spoken about the market may not be true.Reading the real intentions of the players is important.Trade with caution with the aim to do only wide range intra-day swing trades using specific trading strategies and money management system you find suitable for you.

Regards

Dr.Sivaraman