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

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BOE and ECB interest rate decision time - expected market moves

Posted on November 6, 2008 at 7:25 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

Yesterday EURO and GBP made the rise during US session start time  and later consolidated near high and started the slide towards close and made the initial rise and dropped during Japanese session today.They are expected to make a drop below low before the data release time and consolidate above initial low 1.2827 in EURO and 1.5785 in GBP and later spike up till close of European session.Then an initial  drop during US session start time and later further rise expected till close of US session.These are the expected market moves and may vary in real market condition.Please use your other analysis also to determine your trades.If there is any change in market moves I will give further postings.

Today I will be presenting webinars on “Tracking the forex market together”  to take live trading decisions using simple basic trading strategies.The link for the webinars registrations are given below for you to login to hotcomm and listen to my live talk and interact.

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

Looking forward to meet you there for live interactions and discussions.

Regards

Dr.Sivaraman

8 Responses to “BOE and ECB interest rate decision time - expected market moves”

  1. on 06 Nov 2008 at 9:45 am1RK

    DR

    Have we seen the bottom already or is there further drop before data.

    RK

  2. on 06 Nov 2008 at 10:23 am2Arvind

    Dr,
    Your comments on Dow. is there going to be further lows?

    Thank you.

    AT

  3. on 06 Nov 2008 at 10:40 am3Dr. S. Sivaraman

    Dear RK
    Since they have made the drop during close of Japanese session and made the recovery to go near high - they are expected to drop some 50-75 pips before BOE and ECB rate decision time and then make the recovery to go above high set for the day.To me the bottom is already seen already.
    Regards
    Dr.Sivaraman

  4. on 06 Nov 2008 at 10:47 am4Dr. S. Sivaraman

    Dear Arvind
    Dow is expected to swing 8500-10000 points range till 3rd week of Nov and then expected to make a quick recovery rise from 3rd week of Nov till December end.Next year will be very good for stock market.Now time to make delivery based buys with medium and long term perspective.An appeciation of 25-60% is expected during this time.
    Regards
    Dr.Sivaraman

  5. on 06 Nov 2008 at 11:24 am5Lumir

    Dear Mr. Sivaraman,

    do you expect further lows on gold and silver below 700 and below 8?

    With Thanks,
    Lumir

  6. on 06 Nov 2008 at 3:59 pm6vinesh

    Well DOC it doesn’t look like we are heading up on EU any more. Do you see any reason for this thing to go to higher levels it reached last week>?

  7. on 06 Nov 2008 at 5:21 pm7Dr. S. Sivaraman

    Dear Lumir
    Gold and silver are expected to firm up more than the dips.
    Regards
    Dr.Sivaraman

  8. on 06 Nov 2008 at 5:22 pm8Dr. S. Sivaraman

    Dear Vinesh
    The players made the whipsaw moves to hit the stops either way.They are expected to firm up slowly during this session as panice drop is not seen
    Regards’
    Dr.Sivaraman

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