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

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Today’s expected moves in EURO and GBP

Posted on January 29, 2009 at 6:05 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

Yesterday as expected by the forecast model EURO and GBP dropped after FOMC rate announcement time.Also further drop is seen during Japanese session.EURO and GBP are expected to firm up during European session start and slide again from mid European session through US session.Players are expected to allow the market to fall freely without much support and buy during drop to rise and book profit with the short sellers at higher levels for week end.

Regards

Dr.Sivaraman

9 Responses to “Today’s expected moves in EURO and GBP”

on 29 Jan 2009 at 10:19 am1sean

Dear Doc,
Its been a while since you have called it to drop for a couple day in a row, not that I disagree but this is a first, can you explain more?
on 29 Jan 2009 at 1:39 pm2Dr. S. Sivaraman

Dear Sean
It is monthly trend reversal time.So a drop before the big rise is expected in EURO and GBP.
Regards
Dr.Sivaraman
on 29 Jan 2009 at 1:41 pm3vinesh

Doc, is it possible that the drop already happened today at 1.3029? we are staying above it today
on 29 Jan 2009 at 2:20 pm4Dr. S. Sivaraman

Dear Vinesh
Gap time rise in EURO and GBP indicates another drop during US session before making further rise for week end.
Regards
Dr.Sivaraman
on 29 Jan 2009 at 3:24 pm5naftula

thank you dr,
on 29 Jan 2009 at 4:51 pm6job

Dear Dr, Do you believe gbp/usd will fall lower than last week levels again?
on 30 Jan 2009 at 1:29 am7jason

Hi Dr

Thank you for your posting.

Can you share what you think for the eur and gbp from here ?

cheers
jason
on 30 Jan 2009 at 11:52 am8Dr. S. Sivaraman

Dear Job
GBP is expected to fall lesser than Euro to drop EURO/GBP.
Regards
Dr.Sivaraman
on 30 Jan 2009 at 11:54 am9Dr. S. Sivaraman

Dear Jason
GBP is expected to make contrarian moves with EURO till first week of feb.So drop in EURO and rise in GBP could be the type of moves.But during day start GBP is expected to drop more and then rise - but EURO is expected to hold during GBP drop and then drop later without rise.
Regards
Dr.Sivaraman

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