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

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NFP data release - expected market moves before and after for the week end

Posted on December 5, 2008 at 7:06 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP firmed up yesterday during US session with swings and today made the slide during Japanese session.

Today they are expected to drop nominally during European session start and swing near low or in the middle levels before the NFP data release time 13:30 GMT.Then they are expected to swing and rise quickly till end of the session.During US session start they are expected to make a quick nominal drop and then firm up during the session till close for week end.

So the false move before data release time will indicate which way they want to move EURO and GBP today and in coming days.

Regards

Dr.Sivaraman

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