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

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Before and after moves of US GDP

Posted on May 29, 2009 at 10:30 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

Now after the rise EURO and GBP are holding high.They are expected to make upward stop hunt any time between 12;00-12;30 GMT and then quickly drop for US GDP data and rise some for gap time and then slide initially during US session and frim up from mid US session with volatile moves.

Watch and trade - sell during rise and buy during quick drop could be the possibel trade for month end. Then turn long during drop to book profit either towards close or on monday.

Regards

Dr.Sivaraman

28 Responses to “Before and after moves of US GDP”

on 29 May 2009 at 10:40 am1Chris

Good day to you Dr when you say price hunt 12.30 then drop for GDP . this only gives 1 hour so how far do you think drop from hunt will be indicative.
on 29 May 2009 at 10:41 am2Constantin Lucian

Dr. when will it be the best time to initiate a position trade for long eur usd? a target profit of around 100 pips. Right now i see very high levels so i’m thinking that this is the final push till the pair enters in the correction of june. Thank you
on 29 May 2009 at 10:43 am3Dr. S. Sivaraman

Dear Chris

week end volatility are to the tune of 100-150 pips- quick up and down moves will happen from now on - typical month end volatility
Regards
Dr.Sivaraman
on 29 May 2009 at 10:44 am4Dr. S. Sivaraman

Dear Constantin Lucian
take long after a quick drop
Regards
Dr.Sivaraman
on 29 May 2009 at 10:47 am5Ahmed

Respected Doctor,
Thanks a lot for all this information.You are a great person indeed by being helpful to so many people.
Have a nice weekend.
Regards
on 29 May 2009 at 11:00 am6Constantin Lucian

i see, but taking long during monday japanesse session will be better than taking a long on todays drops? i’m asking this because i won’t be able to attend the rest of the trading day so i wont catch the swing moves.
on 29 May 2009 at 11:14 am7jacob

Hey Doc

I’m in usd/cad and usd/chf long based on your annual range, your opinion this final leg lower or should I cut the trade, down couple figures at the moment
on 29 May 2009 at 11:15 am8Chris

sorry doc. getting my GMT and uk daylight adjusted mixed up. thanks for reply
on 29 May 2009 at 12:03 pm9TheRumpledOne

“and rise some for gap time”

What is “gap time” and when is “gap time”?

Thanks
on 29 May 2009 at 12:08 pm10su25

There is a facility to search this blog in the header.

Gap time definition can be read here:
http://blogs.fxstreet.com/marketreadings/2009/04/27/last-week-of-the-month-expected-moves/#comment-6639
on 29 May 2009 at 12:53 pm11Dr. S. Sivaraman

Dear Ahmed
thanks - I am like every one and I wish to help small traders that is all well.
Regards
Dr.Sivaraman
on 29 May 2009 at 12:54 pm12Dr. S. Sivaraman

Dear Constantin Lucian:
Do trade at ease when you are available for it.
Review situations and take positions.
Regards
Dr.Sivaraman
on 29 May 2009 at 12:56 pm13Dr. S. Sivaraman

Dear jacob
I also mentioned that at the lowest level the players will test the patience of the traders.So if you have the patience then hold or take your decision depending upon your equity to hold the positions.
Regards
Dr.Sivaraman
on 29 May 2009 at 12:57 pm14Dr. S. Sivaraman

Dear su25
Thanks for the help in giving the link to others to know about the market timings.
Regards
Dr.Sivaraman
on 29 May 2009 at 1:03 pm15Chris

hi doc. no gbp sell off after gbp do we go with firming up for most of usa sess
on 29 May 2009 at 1:17 pm16Dr. S. Sivaraman

dear Chris
they did not make a rise for GDP data and now during gap time they are firming up indicating the profit booking move during US session = slide.
Regards
Dr.Sivaraman
on 29 May 2009 at 1:25 pm17Chris

thank you Dr.
on 29 May 2009 at 2:05 pm18miko

Hi Doc,

Even after the news, there was no sell off in eur. Would this be due to eur strength with anticipation of a bullish run next week?

Thanks for all your help doc
on 29 May 2009 at 2:09 pm19RK

DR
Good call on Cable.Do you think the drop will cut todays low.
Rgds
on 29 May 2009 at 2:17 pm20Ahmed

Dear Doctor,
You are pinpoint accurate today.
It is just to experess my admiration for you.
Regards
on 29 May 2009 at 2:37 pm21Kevin

Hi doctor are you expecting the USD JPY to rise today?

Thanks
on 29 May 2009 at 3:12 pm22su25

Dear Doc
Eur & JPY are trading close to European session high and low respectively. What is the reason - trying to shift the trading zone?
Thanks
on 29 May 2009 at 3:29 pm23Francesco

Good day Mr.Sivaraman,

Compliments are just not enough, thank you for your great work and useful comments!
Do you think at these levels it could make sense to start opening some short positions on Eur and Aud?

Maybe we could see some more upside, but the rise of these last months was quite impressive and the dollar probably beaten down far too fastly
During the summer do you agree that we could see several swings between 1,3 and 1,4 on EurUsd?
on 29 May 2009 at 3:31 pm24Dr. S. Sivaraman

Dear RK

the players are holding and booking profits with their long positions with the short coverers.they will make the some slide towards close and more monday during early European session - week begiining false move then rise again for next week.
Regards
Dr.Sivaraman
on 29 May 2009 at 3:32 pm25Dr. S. Sivaraman

Dear Kevin
USD/YEN is expected to recover some and more rise on Monday.
Regards
Dr.Sivaraman
on 29 May 2009 at 3:33 pm26Dr. S. Sivaraman

Dear su25
they are handling European crosses - so the yen crosses they make range bound.
Regards
Dr.Sivaraman
on 29 May 2009 at 3:35 pm27Dr. S. Sivaraman

Dear Francesco
we have seen the rise - next week we will see the rise with more upward stop hunts- depending upon the panic short coverers the high will be set before the reversal to dall.
we could see the raneg low around 1.35 -1.45 area
Regards
Dr.Sivaraman
on 29 May 2009 at 3:57 pm28TheRumpledOne

Thanks su25

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