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

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Wild moves in GBP

Posted on October 31, 2008 at 15:46 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

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

2 Responses to “Wild moves in GBP”

on 01 Nov 2008 at 8:12 am1sean

Dear Doc,

gee Doc the 1 hr charts are ready to explode in either direction, it made its downward stop run but were they offloading longs and gathering shorts for next weeks Rate Cuts ?or were they gathering longs to pump and dump on next weeks Rate Cuts? I’m only guessing of course but I’m sure you have in detail the pattern leading into such an event.

I’m sure if there had been a lot of buy on friday it would have reached higher levels, maybe they don’t wont to put more capital into rising it. We will see for sure their intentions this week this week is big.

Any thoughts?
Regards
Sean
on 03 Nov 2008 at 4:48 am2Dr. S. Sivaraman

Dear Sean
You have learnt how to read the players intentions it seems.
They dropped and bought all the sellings on Friday to rise from today.
Regards
Dr.Sivaraman

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