FX Market Readings

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

Or subscribe via email:

Next webinar

Using Fibonacci ratios to manage your trades efficiently
by Sunil Mangwani
November 23, 10:00 GMT
Register for the webinar

FXstreet.com Weblogs

Links

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

Trackback URI | Comments RSS

Theme by Forex Street Powered by Wordpress

The comments and posts published in this blog ARE NOT trading recommendations. They can NEVER be considered as trading calls or advices. If you decide to use the information offered here for your real trading it is at your own risk.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.