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Expected market moves during Thanks giving days

Posted on November 27, 2008 at 8:44 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP firmed up towards close of yesterday after a wild drop to induce traders to cut the long positions before going for holiday in US.

Today Japanese session they made a small rise and then dipped towards close of Japanese session.They are expected to slowly firm up EURO and GBP during European session and after a brief swing towards close of the session they are expected to firm up slowly during US session.

Tomorrow for week end they are expected to firm up during Japane session and then dip during European session start and rise till week end close time as month end move.

Today’s webinar

I will be presenting today double webinar -‘Tracking the forex market together part I and part II during 11:00 and 15:00 GMT.The links are given under Today’s webinar in fxstreet.com home page for you to register and participate to ask questions and also to know about basic safe trading strategies.

Looking forward to meet you all there.

Regards

Dr.Sivaraman

2 Responses to “Expected market moves during Thanks giving days”

on 27 Nov 2008 at 5:32 pm1daniel

Hi. Do you think the EUR/AUD and EUR/USD will rise this week? What is a good mark to look for

Thanks,
Daniel
on 28 Nov 2008 at 11:45 am2Dr. S. Sivaraman

Dear Daniel
They are expected to rise today from the dropped level above high high or neat by high set for today.
Regards
Dr.Sivaraman

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