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

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Expected market moves for ECB interest rate decision

Posted on January 15, 2009 at 8:02 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP are expected make quick drop before the ECB rate announcement time (12:45 GMT) and swing till 13:30 GMT for the ECB press meet time and then rise till close of European session (14:00 GMT).Then US session slide is expected for the session start time and slow recovery towards close of US session could be seen.

Tomorrow they are excpected to open high with a gap in EURO and GBP and rise till close for week end.When traders wait for fundamentals the players also wait and then once the traders commit positions based on market sentiments the players act differently and given different attributes to the change in sentiments.

Regards

Dr.Sivaraman

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