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

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13:30 GMT -NFP data release - expected moves in Majors for week end

Posted on January 9, 2009 at 6:55 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

Yesterday BOE interest rate decision release made EURO and GBP to rise during European session to slide later during US session.I mentioned in my yesterday’s webinar that today EURO and GBP are expected to fall further after NFP data release for week end.

The initial fall is seen already during Japanese session .During European session they are expected to make an initial rise and then slide before NFP data release time.Then a quick rise and fall after the event towards close of European session and slide more during US sessiion as week end move.So what the gain given by BOE will be taken off by NFP in the majors

If any updata is needed I will post during the day.

Regards

Dr.Sivaraman

One Response to “13:30 GMT -NFP data release - expected moves in Majors for week end”

on 09 Jan 2009 at 1:55 pm1Wayne N. Meeks

For those who do not understand the understand underlying principals that drive curency markets:

http://www.youtube.com/watch?v=NIfH0vY2ANA&eurl=http://whatreallyhappened.com/&feature=player_embedded

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