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

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Moves before and after US GDP data

Posted on August 27, 2009 at 9:46 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

traders are waiting for US GDP data, expected to be announced by 12:30 GMT.Players are busy making narrow range contrarian moves to hit the stops in the crosses befroe coming to majors in making quick moves.

By 12:00 GMT EURO and GBP are expected to make brief dip and then false move of dip before GDP data release and then a quick rise till close of European session and further swing and rise during US session are the expected moves.They could make another 3rd level dip in USD/YEN and use that as trigger for EURO and GBP to rise.Month end time more frequent false moves and volatile moves ciould be seen - trade with care.

Regards

Dr.Sivaraman

21 Responses to “Moves before and after US GDP data”

on 27 Aug 2009 at 11:54 am1grow

Are you having a web talk on Friday and on Monday? I see you are down for Tuesday only
on 27 Aug 2009 at 11:55 am2grow

I find the web talks very good thanks
on 27 Aug 2009 at 11:58 am3Dr. S. Sivaraman

dear grow
i will give my webinar Asian session: Live market analysis from Tuesday onwards.i will give the link in the blog before hand to register for the same.
Regards
Dr.Sivaraman
on 27 Aug 2009 at 12:15 pm4grow

Thanks
on 27 Aug 2009 at 1:08 pm5jo

Doctor
Now that the much awaited reports have come , what would be your commentS for GBP/USD?
on 27 Aug 2009 at 1:22 pm6jo

can we expect a rise in GBP during US session?
Thank you.
on 27 Aug 2009 at 1:32 pm7Chris

Doctor,

Thank you for all of your timely updates. I have learned much to become profitable from proper interpretation of market moves and the operators intentions.

I guess I am curious as to this drop in the pound as it pertains to month-end levels. Previous month had net change around 400+ pips negative net change before closing above the open by month end. A fib retrace from the month high to previous made low around 6150 rests in the 6700 area. My question is, right now the pound is trading at 6200 levels without much rise. Is it still correct to assume rise to such levels for month end can occur? I do keep in mind anything can happen and it is the end of the month.

Thank you for all of your insight

PS. I am in multiple long positions on GBP, with proper management of equity. Just trying to get a vision on realistic expectations for month ending levels. Am planning on interpreting intentions for near-future based off moves made today and tomorrow
on 27 Aug 2009 at 1:39 pm8glen

My GBP long position is still at 1.65+ where it seems can’t be revisited for much a while.
on 27 Aug 2009 at 1:46 pm9Arun kandyal

M also on long at 1.6500 and it seems that the area wil not be tested again!!! How easily drops 100-150 pips and rise hardly hardly hardly 40-50 pips and again drop.
on 27 Aug 2009 at 1:50 pm10Roopal

Dear Doc,

Please provide your update as situation in GBP/USD is reallly more confusing by not responding to GDP data much.

Thanks & Regards,
Roopal
on 27 Aug 2009 at 1:50 pm11Chris

@Glen & Arun Kandyal

GBP net change max is 250 per day, 600 per week, 1200 per month approx. So two days of quick rise could see retracements to the 6700 area.

I am waiting to see what the Doc has to say about this as well, but from what I see, 6500 where your entries are seem like a safe bet to see reach again tomorrow. Above that, time and moves will tell how high it can/will go before trend reversal occurs.

Good luck in your trading
on 27 Aug 2009 at 2:05 pm12Jaf

THat could be wishful thinking
on 27 Aug 2009 at 2:10 pm13Arun kandyal

6700 in 2 days but how could be possibe they have no excuse to rise
on 27 Aug 2009 at 2:17 pm14smith

the “panic”, the bearish feel is created all around the market, so it is good time for rising GBP and EUR. But it seems that they don’t want to rise yet. I think the foracast is not changed so we can expect good rise during US session, can’t we?
on 27 Aug 2009 at 2:18 pm15Nazali

They don’t need an excuse to rise.
Dr what are the players doing - testing traders patience?
on 27 Aug 2009 at 2:19 pm16Junaid Pervaiz

The market at this moment seems to be very confusing Eur and Aud seems to be stable but pound is weaking by the day what are the possible reasons of doing that. If the dollar is becoming strong all curriencys should take the drop in equal proportins accordingly to their moves, but the scenarios seems to entirely diffrent it seems GBP weaking against the dollars.

Please give your reviews and is their a good chance of GBP rising to the 1.7000 area.

Regards
Junaid Pervaiz
on 27 Aug 2009 at 2:27 pm17Arun kandyal

excuse to rise ,means 6700 area in 2 days without having major data
on 27 Aug 2009 at 2:36 pm18mice

hi arun

tommorow GDP for GBP
on 27 Aug 2009 at 2:43 pm19E. Sheikh

JP book ur loss n go on a vacation like me … it aint comin baq!
on 27 Aug 2009 at 2:46 pm20Arun kandyal

yes but that is not ok to rise big ,lets see what happens tomorrow for gbp.i am dying to see the upward rise spykes.
on 27 Aug 2009 at 2:46 pm21jaydee

Dear E Shaikh
u hv gotta gud luck

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