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

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More corrections in EURO and GBP a buy strategy by players

Posted on February 16, 2009 at 10:33 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

Friday the players rised during US session to induce the short sellers to make the short covering.But the players were booking profits in their buys to buy again after drop for week beginning - a buying strategy by players before the big rise they intend to make.

They are expected to swing and slide EURO and GBP today and buy during drops during US holiday time and then rise above friday high from tomorrow.The risk appetite is expected to grow at that time.

Regards

Dr.Sivaraman

8 Responses to “More corrections in EURO and GBP a buy strategy by players”

on 16 Feb 2009 at 11:01 am1kelvintc

Hi Dr. Sivaraman,

Nice to see your review here. I am impressed by your precious market views. Hope I can learn something from you at here. There is more than 100 pips gap for GU at today’s opening. Was it related to those big players? They are building up low enough position in order to rise high? I am confused about it. Thanks.

Best regards,
Kelvin
on 16 Feb 2009 at 11:13 am2job

hi dr,

should gbp usd go above 1.45 today?
on 16 Feb 2009 at 11:51 am3sean

Dear Doc,

you saying friday short squeeze now for rise?
on 16 Feb 2009 at 3:49 pm4Dr. S. Sivaraman

Dear Kelvin

The players every time drop to buy and rise to sell their buys.Now they are buying.So frequent drops are seen in the name of risk aversion.Later they are expected to rise big from tomorrow in the name of risk appetite.At that time traders will be bullish but the players off load their buys and book handsome profits.So we can buy during quick drop and book profit during quick rise along with them.But may appear we are trading against the trend.The trends are created by the players.
Regards
Dr.Sivaraman
on 16 Feb 2009 at 3:50 pm5Dr. S. Sivaraman

Dear job
They will revisit 1.42 and below and then rise above 1.46 tomorrow.
Regards
Dr.Sivaraman
on 16 Feb 2009 at 3:51 pm6Dr. S. Sivaraman

Dear sean
Friday short squeeze and today induce long liquidation and tomorrow onwards short squeeze rise.
Regards
Dr.Sivaraman
on 17 Feb 2009 at 2:01 am7Lou

Question… how high do you see the “players” rise the euro before dumping it? 1.36? Where do you see the euro trading around June?

Thank you.
on 17 Feb 2009 at 2:58 am8David Ong

Dear Dr S. Sivaraman,
what will be the trend like for GBP/USD today on 17th. Now it’s trading below 1.42. Will it rise above 1.44 today?

Thanks

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