FX Market Readings

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

Or subscribe via email:

Webinar Recording Series: My Trading System

I - II - III - IV - V - VI - VII - VIII - IX - X

FXstreet.com Weblogs

Links

expected moves for today

Posted on April 7, 2009 at 6:18 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made week beginning expected drop as false move.But did not firm up as expected towards close of US session and also opened low during start of Japanese session today indicating there are more longs in the market and players wanting to test their patience to induce long liquidation before the rise they are expected to make from mid European session.They are expected to make a quick downward drop during start of European session before the recovery move.During US session they are expected to firm up.

Players are dropping and holding near low and buying when traders liquidate their longs to rise and book profit in their lower level long positions.Tomorrow they are expected to rise above week beginning high in EURO and GBP.

Regards

Dr.Sivaraman

20 Responses to “expected moves for today”

on 07 Apr 2009 at 6:27 am1jason

Hi Dr

Nice hearing from you again.

If your view is for the eur and gbp and other majors to drop from start of european session and then rise from mid european session, what is a good level to buy the gbp and eur ?

Appreciate if you can comment.

cheers
jason
on 07 Apr 2009 at 8:03 am2Francesco

Good day Mr. Sivaraman,

USDJPY seems still uncertain, do you think a downmove pullback is possible before going up again?

Thank you!
on 07 Apr 2009 at 8:59 am3Dr. S. Sivaraman

Dear jason
near low set for today is fine to enter long in them.
Regards
Dr.Sivaraman
on 07 Apr 2009 at 9:01 am4Dr. S. Sivaraman

Dear Francesco
they want the long holders in usd/yen and the yen crosses to cut the positions before making further rise today.
Regards
Dr.Sivaraman
on 07 Apr 2009 at 9:14 am5Francesco

Thank you

Do you have any idea for the expected lows and higs for today for this pair?

Can USDJPY go below 100 again before rising?
on 07 Apr 2009 at 9:28 am6Dr. S. Sivaraman

Dear Francesco
Please look at live market quote page - http://www.i-knowindices.com/saxo_bank.htm - you will be able to see the low and high set in each pair.The live quote watching will give better insight about the market operations.
Regards
Dr.Sivaraman
on 07 Apr 2009 at 11:11 am7Emil

Dear Dr. Looks good so far! Would you advise holding longs through Thursday or book profits tomorrow? Two significant triggers coming up. Today is US FED minutes. Thursday is GBP interest rate. More rise Thursday?
on 07 Apr 2009 at 11:20 am8Gregor

Dear Dr.,

is it possible EUR weakness will last longer we thought? Or is it just because EUR has to fall against GBP and perhaps AUD?

Thanks!

G.
on 07 Apr 2009 at 11:33 am9Dr. S. Sivaraman

Dear Emil
position traders can wait for the next level rise above 1.37 area in EURO.But any trader is advised to keep stop at entry when the position makes profit and then wait rather than holding loss making position for longer time.
Regards
Dr.Sivaraman
on 07 Apr 2009 at 11:35 am10Dr. S. Sivaraman

Dear Gregor
Now mid session handling the crosses.So small drop and rise are part of the move to bring volatility in crosses.they will focus on majors from 11;30 -12:00 GMT and then rise.
Regards
Dr.Sivaraman
on 07 Apr 2009 at 11:59 am11Nazali

Hi Dr
Should we expect a modest rise in eur and gbp today and a big rise tomorrow?
on 07 Apr 2009 at 12:54 pm12Dr. S. Sivaraman

dear Nazali
to start with modest recovery and then rise.
Regards
Dr.Sivaraman
on 07 Apr 2009 at 2:32 pm13bijay

Dear sir,
What can u say about euro/aud pair…….??
Is aud being stronger or it’s just a short term downward trend….!!!
will Euro rise against it…..???
on 07 Apr 2009 at 3:12 pm14Dr. S. Sivaraman

dear bijay
euro/aud is expected to recover.
Regards
Dr.Sivaraman
on 07 Apr 2009 at 3:18 pm15j.j

Dear Dr. sivaraman , pls adv if are going to see euro to recover against the dollar from these levels or more down moves first ?
Regards
on 07 Apr 2009 at 3:34 pm16Gregor

Dear Dr.,
what is your opinion about forex correlation with stocks? It seems to me that things are changing theese days…

Regards,
G.
on 07 Apr 2009 at 3:48 pm17Dr. S. Sivaraman

Dear j.j.
Euro is expected to recover from the current levels.
Regards
dr.Sivaraman
on 07 Apr 2009 at 3:50 pm18Dr. S. Sivaraman

Dear Gregor
the markets may appear correlated in different ways during different phases.There is no relationship and only sentiments are derived as excuse for market recovery or drop.similar to risk appetite and risk aversions.Can they alternate so fast in human emotional decision making process?
Regards
Dr.Sivaraman
on 07 Apr 2009 at 3:59 pm19saad

Dear Dr.,
what is your opinion about EUR/GBP long or other direction. thanks for ur time

Regards,
on 07 Apr 2009 at 4:17 pm20Dr. S. Sivaraman

Dear saad
EURO/GBP cross is expected to swing and slide.
Regards
Dr.Sivaraman

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.