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EURO and GBP are expected to swing and firm up

Posted on November 5, 2008 at 5:53 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made the quick rise yesterday.They have done the initial drop during Japanese session to drop quickly during Early European session and to rise again from mid European session.Swing and rise is the expected move during US session.The expected moves may or may not happen in the actual market. Hence I request the readers to use other studies also to take trading decisions.

When the makret is now making 500-600 pips rise and fall easily many may get the feel market is rather wild.But the players intentionally do that to hit stops either way and earn.Changing the sentimanet may be fast in the market but the human mind does not change the sentiment so fast and that helps players to trap the traders.

I will follow the market and give further posts during the day.

Tomorrow I will be presenting - ‘Tracking the forex market together part I and part Ii’ during 11:00 and 14 :00 GMT.Those interested to listen to the conceptsof tracking the market and ideas of basic trading can register and participate in the webinars.You can also ask your questions to get the live reply from me during that time.

The link for the webinars

http://www.fxstreet.com/live/sessions/session.aspx?id=f10bfd87-5c51-49a9-aed8-1193c6bc30a0 - part I

http://www.fxstreet.com/live/sessions/session.aspx?id=5f4369bf-044c-4c5d-a6c5-4e3d93aedb25 -part II

Regards

Dr.Sivaraman

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