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

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Expected moves during US session..

Posted on October 29, 2008 at 13:53 in Market comment, Market forecast, Operators' intentions by Dr. S. 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

9 Responses to “Expected moves during US session..”

on 29 Oct 2008 at 4:48 pm1vinesh

Dear doc so as expected they made the drop and now they are keeping the EURO on the high’s. Can we still expect another drop just before the announcement and then a quick retracement back up?
on 29 Oct 2008 at 5:02 pm2Dr. S. Sivaraman

ear Vinesh
They are making ad such 100 pips up and down moves in seconds.They have to make the false drop before data or just after data release if the traders quickly take long positions and then continue the rise.
Regards
Dr.Sivaraman
on 29 Oct 2008 at 5:04 pm3vinesh

thanks doc so would you recommend taking a position before the data or after or put a limit order at a lower level just recommendation
on 29 Oct 2008 at 5:09 pm4Dr. S. Sivaraman

Dear Vinesh
watch the market for 10-30 min after the data release - once they donot drop beyound certain limit you can long and try to keep stop at entry once the position makes profit.Then handle watching the moves.
Regards
Dr.Sivaraman
on 29 Oct 2008 at 7:12 pm5vinesh

so doc looks like the expecte rise did’t happen after the FOMC. What is your take on this. Do you think we shold see a rally on EURO a little late especially since OIL closed up $5 to $67
on 29 Oct 2008 at 7:16 pm6vinesh

i spoke too soon
on 29 Oct 2008 at 7:31 pm7vinesh

Thanks doc for your guidance you are a genius.
on 29 Oct 2008 at 10:57 pm8sean

Dear Doc,

Nice work Doc, fortune favours the brave
on 30 Oct 2008 at 4:49 am9Dr. S. Sivaraman

Dear Vinesh and Sean
Market rewards patience and risk management.There will be big moves but we need to understand why such moves and act accordingly to become unhurt.
Regards
Dr.Sivaraman

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