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

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Mid week moves

Posted on February 11, 2009 at 8:57 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP corrected quickly during Japanese session as envisaged.Later EURO started the rise and GBP continue to hold near new low to rise EURO/GBP.Again the players are expected to slide EURO and drop GBP to make quick upward stop hunt and then rise GBP holding EURO near low.This way the players give the impression to the market that risk aversion is going to be in the play.But once they complete the buys the risk appetite moves will start.

Regards

Dr.Sivaraman

4 Responses to “Mid week moves”

on 11 Feb 2009 at 12:17 pm1RK

Dr Sivaraman

Is the cable reversal likely to happen today or later on in the week.
on 11 Feb 2009 at 5:40 pm2Dr. S. Sivaraman

Dear RK
A quick downward stop hunt and a reversal is expected by Friday as week end volatile move.
Regards
Dr.Sivaraman
on 12 Feb 2009 at 2:52 pm3job

dear dr,

will gbp/usd return to above 1.5 levels soon?
on 12 Feb 2009 at 5:13 pm4Dr. S. Sivaraman

Dear Job
we will see more than 1.5 in 2 weeks time.
Regards
Dr.Sivaraman

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