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

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A day of wide range swing is expected

Posted on May 5, 2009 at 5:28 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

after the volatile moves for week beguinning,EURO and GBP are expected to make wide range swings today.

During japanese session they are expected to swing and slide and after making quick correction during European session they are expected to rise again from late European session and US session.

Quick drops are buy opportunities and quick rises are profit booking times.

about 150-200 pips range is expected to form between high and low.

Regards

Dr.Sivaraman

 

14 Responses to “A day of wide range swing is expected”

  1. on 05 May 2009 at 5:41 am1Nazali

    Hi Dr

    Do you see the low of the day for Eur and Gbp being set during the JS? Many thanks.

  2. on 05 May 2009 at 8:57 am2Nazali

    Hi Dr

    Eur and Gbp have made big moves this morning, but you expect them to drop later today to the morning low area? Many thanks.

  3. on 05 May 2009 at 9:08 am3Gregor

    Hi, Dr.

    It seems AUD is stronger than EUR last few weeks and today is no exception. Do you think this will change in the near future?

    Regards,
    Gregor

  4. on 05 May 2009 at 10:31 am4Mohi

    Dear Sir,

    At what point you are expecting a major reversal for GBP/USD (short) and when do you think it will come? Thanks again for your comments. Best regards..

  5. on 05 May 2009 at 10:48 am5paris

    dear Sivaraman, what do you think will happen to euro if mr trichet anounce unconventional methods(qe) on thursday on the ecb meeting.

  6. on 05 May 2009 at 11:24 am6Dr. S. Sivaraman

    Dear Nazali
    During early Japanese and late European and early US session times.
    Regards
    Dr.Sivaraman

  7. on 05 May 2009 at 11:25 am7Dr. S. Sivaraman

    Dear Gregor
    AUD is expected to lead the rally but later lag behind.
    Regards
    Dr.Sivaraman

  8. on 05 May 2009 at 11:27 am8Dr. S. Sivaraman

    Dear Mohi

    When we become afraid of shorting the players short and when we become afraid of taking long the players long.So you can find when we will see such trades every day.
    Regards
    Dr.Sivaraman

  9. on 05 May 2009 at 12:17 pm9jacob

    HI Doc

    You forecasted a rise in usd/cad, it has just continued lower, does that shift the forecast?. Thanks

  10. on 05 May 2009 at 12:51 pm10Dr. S. Sivaraman

    dear jacob
    I said less drop and more rise in denominator currencies.There can be dop but the rise will be more to compensate the drops.
    Regards
    dr.Sivaraman

  11. on 05 May 2009 at 1:17 pm11Nazali

    Hi Dr

    Do you expect a correction in eur and gbp soon before further rise? Many thanks.

  12. on 05 May 2009 at 1:25 pm12Dr. S. Sivaraman

    Dear Nazali

    yes the quick correction is expected before further rise.Only then the traders tend to short and they can be trapped to do short covering at higher levels.So that the players can book profit in their positions with such distress traders,who have to buy during rise out of fear.
    Regards
    Dr.Sivaraman

  13. on 05 May 2009 at 3:11 pm13Mohi

    Thanks Doc, it was useful. Regards..

  14. on 01 Jun 2009 at 7:07 am14Kevin

    Hi doctor, I just wanted to see if the USD/JPY is expected to rise today and when do you see it hitting around 100.00?

    Thank you again so much for your all your advice.

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