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

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NFP data - two hrs to go

Posted on November 7, 2008 at 11:47 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made the recovery from the dropped level seen at the time of earlier posting during late Japanese session.As expected they rised also and borke the initial high set for the day during Japanese session, and after a rise of 100 pips above high the slide is happening to reach near low or around the psychological level 1.2700-1.2650 in EURO and in GBP 1.5650-1.5700 area before the data and then rise up after the data with some initial volatile moves.

Regards

Dr.Sivaraman

4 Responses to “NFP data - two hrs to go”

on 07 Nov 2008 at 4:10 pm1vinesh

Dear doc doesn’t seem like we are going to break this week’s high today. NFP data has suprisingly had a possitive effect on equities and looks like USD is going to gain strenghth. What are your thoughts now that the news has had an opposite effect on the equities
on 07 Nov 2008 at 4:18 pm2Dr. S. Sivaraman

Dear Vinesh
For NFP data release- they dropped big 1 hr before and rised to high before data relese.after data they dropped and rised quickly.Then again US session start they dropped and then made a rise to high and now come to low before the next data to rise after the daya.They are making either way stop hunt first to buy good positions.There is no panic selling happening.They will firm up later during this session.
Regards
Dr.Sivaraman
on 07 Nov 2008 at 4:44 pm3vinesh

Thanks Doc. so the predicition that you made couple of days ago about breaking this week’s high is not happening then
on 07 Nov 2008 at 5:51 pm4Dr. S. Sivaraman

Dear Vinesh
It appears at the moment like that- they may not rise more for today.
Regards
Dr.Sivaraman

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