Operators' intentions read by 
EURO and GBP are making the subdued moves - might be lack of good volume participation from the traders.
Players are waiting for the traders to commit positions before making the rise.they continue to handle the crosses up and down where they find some earning potency.
I will update when a good move potency is seen in the market.
Regards
Dr.Sivaraman
Dear Dr:
Thanks for your comments, we were missing you today.
Regards.
FERNANDO VARGAS
Dear Dr.,
can we see some deeper correction in GBP against USD and EUR from now on?
&
What do you think about AUD - is it so strong just because of positive rate differential?
Regards,
G.
Dear fevargas and Gregor
The players are just making swings to attract buyers or sellers in the market.But traders are not convinced to take a buy or sell when market is making contrarian moves.So one forllow the other in waiting.But traders are known to be more impulsive than the players.so soon we will see the improvement in the market.Players are expected to rise again EURO and GBP unassumingly either today or tomorrow.Only when short sellers are there they can rise fast to induce the short sellers to make short covering.That will be the first level rise in any market.then the traders turn bullish and buy at higher levels- the second level rise and then players hold and book profit in their buys first and hit the stops of the higher level buyers and then rise again.
Regards
Dr.Sivaraman
Hi Dr
Would you say that your mid term forecast for a big rise in Eur and GBp is unchanged, just the timing has changed?
Hi Dr
do you expect GBP/USD to reach 1.60 this month?
Dear Dr Sivaraman,
you have an…optimistic view, but can we see soon e at 1.31?
best wishes, Richard
dear Doc.
what could be the direction of euro and gbp before and during the Ussession?
I would say that euro bullish trend has just started now. We may see 3300 at least today.
Dear Nazali
EURO and GBP are expected to rise till mid Jun - I am expecting them to rise substantially after crossing the initial bottle neck.
Regards
Dr.Sivaraman
Dear Richard
A downward move followed by an upward move is part of volatility.You have to watch and take buy position near intra-day low when the low is not breached for 30 min.There is no rigid rule the levels the market has to respect.if you think in terms of levels then the mind block is expected to happen -then you may not take positions at other levels.
Regards
Dr.sivaraman
Dear ejthekkan
EURO and GBP are expected to make range bound swings today between high and low.
Regards
Dr.Sivaraman
Hi Dr
Do you think we have seen the low in the eur today ?
Are we seeing a rally in the eur now to 1.33 at least ?
cheers
jason
Dear Sir,
I’m a bidder in the eur/usd. Will it touch 1.29 ? Timing?
Thanks in advance.
Regards,
Reez
Dear Mr.Sivaraman,
good day!
Do you see chances for US and JPY to come back before the next GBP and EUR rise?
Also, do you think it might be a good timing for a short term EURJPY sell?
Thank you!
Dear jason
Tomorrow japanese session they may revisit the low 1.31 area and then rise for week end as the market moves are subdued - either low volume condition or traders are holding higher level long and lower level short and waiting for the week end move.Then the players drop and hit the stops of the higher level longs and then quickly rise and hit the stops of the lower level short sellers.Market is waiting for week end action.
Regards
Dr.Sivaraman
Dear Francesco
I am expecting the players to first rise usd/yen as they finished the downward stop hunt,then rise euro and gbp holding usd/yen at higher level for week end.Buy and sell trade in EURO/YEN - buy near the low set for the day might be a good trading strategy.
Regards
Dr.Sivaraman
Hi Dr
THank you for your comments.
If they revisit the eur @ 1.31 tomorrow, do you think it will hold ?
And if you believe that after that the eur will rise for weekend, how will be the breadth of the rise be like ?
cheers
jason
Dear jason
if they revist low 1.31 area in euro during Japanese session then they are expected to gain atleast 150-200 pips towards close for week end.That could be above todays high.
Regards
Dr.Sivaraman
Hi DR
One more question though.
Actually, how likely is it for the eur to revisit the low @ 1.31 ?
Can we short here and then look to square there and then turn long accordingly ?
cheers
jason
Dear jason
there is a potential trade like that,but the trading decision has to be yours.
Regards
Dr.Sivaraman
Hi Dr
The lows in the eur has just been visited and a new low has been formed and there is a huge rebound.
Could this be the revisit to the lows you have mentioned in the eur ? Will the lows in the eur be tested again ? Will it still happen during the japanese session later ?
cheers
jason
Dear Dr.
I understand you do not use stop loss, instead you use stop order of 30pips if a trade goes against the original trade, the “hedging” strategy.
The new NFA Compliance Rule 2-43 regarding forex orders.
Offsetting Transactions
New Compliance Rule 2-43(b) requires an FDM to offset positions in a customer account on a first-in, first-out basis, thereby prohibiting a trading practice commonly referred to as “hedging.” A customer may, however, direct the FDM to offset same-size transactions even if there are older transactions of a different size. Rule 2-43(b) is effective for any positions established after May 15, 2009. Offsetting positions that were established prior to the effective date do not have to be liquidated, but once either position is closed out after May 15, it may not be reestablished as a hedge.
http://blogs.fxstreet.com/francesc/2009/04/14/effective-date-of-nfa-requirements-regarding-forex-orders/
Dr., how do you view this new ruling and how do you overcome your hedging strategy?
Now, it seems clear that euro’s up trip has finished this time. Long dream is over and 1.3 will not hold anymore. It will go to 1.26 level evently. My general strategy will be sell and buy till then.
Well, the prerequisite is that the break is a true break istead of a feak one. I will watch the 4 hr chart for confirmation.
Dear jason
They will hold near low briefly and then rise during European session.
Regards
Dr.Sivaraman
Dear gan
I know about NFA proposed rule.It is not new to me as they tried this around year 2000 and found the business is getting diverted to other country platform providers.then they allowed US platform providers to reintroduce and fxcm,fxsol,cmsforex etc introduced back hedging facility.They do like this to force the traders to close the hedged positions - indirect help to big players.
If not hedging there are other trading strategies available to trade along with the players.why we should lose the money to the players all the time?there is no one to protest against NFA regulations.Earlier they made the statement - if one uses hedging that means he/she does not know how to trade.Then they allowed the platforms to offer again forgetting their earlier statement.Now again they are introducing with the expectations that the traders will do more trade when they close their positions with profit or loss.but this time - ‘RISK AVERSION’ FROM THE TRADERS WILL INDUCE THE REGULATORS TO RETHINK ABOUT HEDGING.
Regards
Dr.Sivaraman
Dear Barry
thanks for the views.there should be buyers and sellers in the market for the market to be active.
Regards
Dr.Sivaraman