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

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Important day of Events - expected moves

Posted on July 2, 2009 at 7:13 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP firmed up towards close of US session yesterday as expected.

Today an important day - ECB interest rate decision time by 11;45 GMT and NFP data release by 12:30 GMT.The traders could wait for the fireworks.

After the slide during Japanese session EURO and GBP are expected to slowly firm up from Start of European session and then drop quickly for ECB data and firmup before NFP data and spike up after the data with swings till US session.Tomorrow they are expected to open high and then slide for week end.

Regards

Dr.Sivaraman

36 Responses to “Important day of Events - expected moves”

on 02 Jul 2009 at 7:17 am1Nazali

Hi Dr

will gbp go to 6700 in the ES session? Is the US session expected to show rise? Many thanks.
on 02 Jul 2009 at 7:28 am2Rohan

hello dr, will EU n GU reach again above 1.43 and 1.67 again after the spike up ?
on 02 Jul 2009 at 7:39 am3Joe

Hi Doc, do you think the Big drop has already started. Do you still think that your forecast of breaking the highs will still take place for GBP/USD?
on 02 Jul 2009 at 7:39 am4Francesco

Good day Dr.Sivaraman,

EUR and GBP are now making new lows.
Another false move?

It looks like it to me.
Let’s see if I am starting to learn the lesson

Regards
on 02 Jul 2009 at 7:40 am5travis

the pound is cutting the low is this an extended move down
on 02 Jul 2009 at 7:46 am6malti

hi doc, is low for today done with japanese session dip? will we see rise to break highs today before slide?
on 02 Jul 2009 at 7:50 am7maren

hi, doc. do you encourage traders trade during news announcement or stay away atleast 30 min before and after news.
on 02 Jul 2009 at 8:00 am8Nazali

Hi Dr

what levels would you recommend to short in eur & gbp? Many thanks.
on 02 Jul 2009 at 8:37 am9Kevin

thank you very much for the call today doctor, we really do appreciate it.
on 02 Jul 2009 at 8:39 am10poorbanks

Good day Dr.

The players dropped GU & EU then raised EU but left GU, are we expecting the turn of GU next?
on 02 Jul 2009 at 9:02 am11travis

hi doc
do you think gbp can make a recovery..the gbp/yen just dropped a 100pips and i was hoping it could go back up…atleast to 159..
on 02 Jul 2009 at 9:30 am12joshhh

there is no holy grail… the spike that everyone is waiting for may happen after 7-15 days. Doc, has mentioned Rise & slide means not going back to historic levels of 6740. Hope, i have interpreted it correctly for you. If you earn 25 pips a day in 14 days your money will double. so why to wait for a big slide? make 15-20 pips twice a day, less risky & still make big money.
on 02 Jul 2009 at 9:39 am13Dr. S. Sivaraman

Dear Nazali

Yes
Regards
Dr.Sivaraman
on 02 Jul 2009 at 9:40 am14Dr. S. Sivaraman

Dear Rohan & Joe
Yes most likely
Regards
Dr.Sivaraman
on 02 Jul 2009 at 9:42 am15Dr. S. Sivaraman

Dear Francesco
Yes
Regards
Dr.Sivaraman
on 02 Jul 2009 at 9:42 am16Dr. S. Sivaraman

Dear travis & poorbanks
False drop before another rise and to rise euro/gbp.
Regards
Dr.Sivaraman
on 02 Jul 2009 at 9:45 am17Dr. S. Sivaraman

Dear maren
If one can underastand the market moves like ‘Francesco’ can trade during volatile move time viewing as trading opportunity.If fear and uncertanity grips then stay away.
Regards
Dr.Sivaraman
on 02 Jul 2009 at 9:45 am18Dr. S. Sivaraman

Dear Nazali

around this season high
Regards
Dr.Sivaraman
on 02 Jul 2009 at 9:47 am19Dr. S. Sivaraman

Dear travis:
One needs more patience to trade in yen crosses.
Regards
Dr.Sivaraman
on 02 Jul 2009 at 9:50 am20Dr. S. Sivaraman

Dear joshhh

The market perception and capabilities vary from trader to trader.We cannot insist traders to do only swing trades.Let the traders chose the comfortable type of trading suitable for their equity and market perception.
Regards
Dr.Sivaraman
on 02 Jul 2009 at 11:16 am21Francesco

Too kind of you Dr.Sivaraman,

if sometimes I can see market moves is because of your teaching and suggestions.
Seems like GBP is starting to strenghthen back, do you think EURGBP might start to come down from the 0,86 level?

EUR has just cutted its daily low while GBP is already off the lows.

Thank you!
on 02 Jul 2009 at 12:56 pm22glen

The NFP is much worse than expected, so do you still expect gbp spike up (1.66+) today, Dr?
on 02 Jul 2009 at 1:03 pm23Dr. S. Sivaraman

Dear glen
YES
Regards
Dr.Sivaraman
on 02 Jul 2009 at 1:07 pm24Francesco

Dear Dr.

I am tooo long, hope you are right once again
By the way, for everyone’s reference, I was reading an article underling how often the market sees false first reactions after NFP data releases.

Interesting:
http://www.fx360.com/commentary/kathy/1504/what-to-expect-for-ecb-and-non-farm-payrolls.aspx?num=1246539982093
on 02 Jul 2009 at 1:15 pm25Gregor

Dear dr.,

do you think later today or tomorrow U/Y (today E/J?) will be great chance to go long?

Kind regards,
Gregor
on 02 Jul 2009 at 1:22 pm26Nazali

Hi Dr

Do you think eur and gbp could make a new low today before going up? Many thanks.
on 02 Jul 2009 at 1:26 pm27Arun Kandyal

Hi Dr
do you thing 1.6350-64 area is good to go long before the next downmove.

Regards
Arun Kandyal
on 02 Jul 2009 at 1:46 pm28EC

It looks like the players fooled everybody again and no big rise is expected in EUR and GBP?
on 02 Jul 2009 at 1:53 pm29Kevin

Dear doctor, i remember you saying in your webinar few days ago that the players will make GU look so bearish the make the rise? Thank you very much.
on 02 Jul 2009 at 2:00 pm30Joe

Dr, If the NFP data is bad should’t the value of GBP/USD go up ? Why is GBP going down ?
on 02 Jul 2009 at 2:10 pm31George

It seems like the players are creating the bearish mood by dropping moderately using the background noise of bad NFP data, which triggered the US-exchange fall and panic position liquidation before the US bank holiday tomorrow. Personally, I’m still in line with Dr.Sivaraman on that a spike might happen later today, perhaps after the US exchanges are closed. Any other thoughts?
on 02 Jul 2009 at 2:20 pm32Dr. S. Sivaraman

Dear All
The players are trying to create the bearish sentiments and inducing traders to sell - ‘risk aversion approach’.But the players are dipping and buying .We will know their act in another 1-2 hrs.What appears in the market is not true.
Regards
Dr.Sivaraman
on 02 Jul 2009 at 4:44 pm33carlab

Sometimes, like a week ago happened with SNB intervening, there’re flows that ccy. dealers cannot forget. In my opinion today’s flows aare due to bad figures causing stocks markets decline, after a suspicious hike for half year end…I thought this rally could hold after July 4th. Now, I dont think will see highs in Eur or GBP anymore, and most likely the sell-off has started. Or still chance to buy cheap Usd, yens?
on 02 Jul 2009 at 4:54 pm34Nazali

Hi Dr

Any chance of an update from you on today so far and the rest of the session? Many thanks.
on 02 Jul 2009 at 5:17 pm35Dr. S. Sivaraman

Dear carlab

Thanks for your logically derived view.You might be aware market does not follow logic hence traders get surprises often.
Regards
Dr.Sivaraman
on 02 Jul 2009 at 5:18 pm36Dr. S. Sivaraman

Dear Nazali
it is trend reversal time- so market may appear bullish and bearish alternatively.We will get the bullish feel tomorrow and monday.
Regards
Dr.Sivaraman

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