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Operators' intentions read by Dr. S. Sivaraman, of i-knowindices.com

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EURO and GBP are expected to firm up for new story

Posted on October 2, 2008 at 5:18 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

The bailout story is now discounted and ECB interest rate decision and NFP data release will be in focus.More rumors and more moves expected from today.In that process EURO and GBP are expected to dip during Japanese session and quickly firm up from European session.Then afer a dip during US session start continuation of the rise is expected.This is only the forecast extimate and may vary.Kindly use your own analysis for trading decisions.I will give further postings before and after ECB rate decison time.

Regards

Dr.Sivaraman

6 Responses to “EURO and GBP are expected to firm up for new story”

on 02 Oct 2008 at 7:03 am1jilli

Dear DR

Do you expect gbp/usd to beat recent highs of 1.86 soon?

Thanks,

Jilli
on 02 Oct 2008 at 7:16 am2hamda

now i feel much safer in my short on euro and gbp. thank you doctor. when does the european session begin? i want to increase my shorts
on 02 Oct 2008 at 7:32 am3hamda

dont worry it’s only another 1000pips stops hunt. everything is ok and dont forget to trade without fear
on 02 Oct 2008 at 8:16 am4Dr. S. Sivaraman

Dear jilli
When people like hamda short during drop we will see very soon last week high is breached by the market.
Regards
Dr.Sivaraman
on 02 Oct 2008 at 8:24 am5hamda

hahahahahahaha
jilli the doctor is just joking with you like he did with all the others thats about 2 months and 2000 pips ago
you should follow the doctor and do excatly the opposite to his jokes and then you find yourself smoking a cigar in miami next to your corvet
on 02 Oct 2008 at 8:45 am6tim

My comment yesterday about a ‘double bottom’ in Euro came into play this morning, I hope this observation is correct!

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