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

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Volatile moves to prevail for a day

Posted on December 2, 2008 at 5:58 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

yesterday, EURO dropped nominally for week beginning when compared to massive drop in GBP and USD/YEN,which resulted in big moves either drop or rise in the crosses.Similar volatile moves are to prevail for another day - today.To drop EURO/GBP after the rise they made,They could drop EURO holding GBP and then firm up both during US session.

Today they are expected to make firming up move during early European session and drop during late European session and rise during US session.The pairs undergoing the moves may vary as they are busy handling the crosses.Tomorrow during early Japanese session they are expected to make a quick downward stop hunt and rise and firm up more during late Japanese session.

The market could give either way swing trade opportunities.Still use trailing stop or hedging order to limit the risk and maximize the profit.As the month proceeds, there could be more unassuuming moves in majors and crosses.Watch and trade.

Regards

Dr.Sivaraman

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