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Expected moves before and after BOE and ECB rate decisions

Posted on June 4, 2009 at 6:24 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made a quick rise and quick drop yesterday and changed the market sentiments.Either way stop hunt happened.

Today they are expected to swing near low and make nominal downward stop hunt below low in some pairs and then rise towards close of Japanese session.During European session quick rise is expected with volatile drop before BOE rate decison (11:00 GMT) time and then quick rise during ECB rate decision 11:45 GMT).Then again a quick false dip and rise for ECB press conference time.During US session a compensatoary rise is expected in anticipation of tomorrow NFP data release.

I will give updates as and when required if quick moves happen in the market.

Regards

Dr.Sivaraman

13 Responses to “Expected moves before and after BOE and ECB rate decisions”

on 04 Jun 2009 at 6:34 am1Kevin

any comments for the UJ today? thank you doctor for the forecast.
on 04 Jun 2009 at 6:37 am2Gregor

Dear Dr.,

first of all many thanks for your webinars!

Can we say that 1,72 is not realistic in GBP/USD?
Maybe in 2-3 months?

Regards,
G.
on 04 Jun 2009 at 6:56 am3Kevin

you said when they rise EU and GU they will rise UJ, do you expect this today for long positions on UJ? thanks
on 04 Jun 2009 at 6:58 am4George

Dear Dr.,

Do you expect any bigger market move during the EMU Retail Sales time at 09.00 GMT?
Also, would you expect us to get to tomorrow’s NFP data release on the high or the low?

Thanks a lot for your hard work and commitment!

Best Wishes,

George
on 04 Jun 2009 at 9:16 am5Dr. S. Sivaraman

Dear Kevin

USD/YEN is also rising now and is expected to rise some more.
Regards
Dr.Sivaraman
on 04 Jun 2009 at 9:17 am6Dr. S. Sivaraman

Dear Gregor
We may see 1.67-1.68 area during this run.
Regards
Dr.Sivaraman
on 04 Jun 2009 at 9:18 am7Dr. S. Sivaraman

Dear George
My posting explains that there will be more rise today during event times and is slowly happening.
Regards
Dr.Sivaraman
on 04 Jun 2009 at 9:18 am8Gregor

Is EUR/USD also ready to rise?

Thanks again,

G.
on 04 Jun 2009 at 9:51 am9Dr. S. Sivaraman

Dear Gregor

YES
Regards
Dr.Sivaraman
on 04 Jun 2009 at 11:55 am10preet

Is usd/chf will rise soon? The time you have in the comment is it GMT.

Thanks
on 04 Jun 2009 at 12:15 pm11Chris

wow thats what i call a dip!
on 04 Jun 2009 at 1:02 pm12Dr. S. Sivaraman

Dear Chris
the typical extended stop hunt during trend reversal times.
Regards
Dr.Sivaraman
on 04 Jun 2009 at 2:07 pm13Dr. S. Sivaraman

Dear preet
USD/CHF it is time for the rise from now.
Regards
Dr.Sivaraman

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