After recover move on Friday,EURO and GBP made the brief rise during start of Japanese session and made contrarian moves - firming up in EURO and USD/YEN and dip in GBP to handle the respective crosses.They are expected to firm up briefly during gap time and after brief dip expected to rise during European session to make a drop during early US session and rise from mid US session.
Regards
Dr.Sivaraman
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Dear Doc,
the weekly expectation is still valid? I mean we can expect drop in EUR and GBP this week? perhaps to the last week’s low levels and parallel to this the USDCAD and USDCHF will rise?
regards,
smith
Dear Doc,
what is the forecast direction for the GBP/USD for this week
Is the US market closed today?
Please anyone
Thank you
Dear Dr.Sivaraman,
what are your expectations for cable in the short term?
Regards,
Sum:
Labor day. US is closed but as you know Fx market dosn’t sleep..
fx markets dont sleep. but movements will be lighter. i expect to be rangebound. stg. upside doesnt seem to be happening unless it breaks 1.6450
Doc. I know your views are contrary to mine and you have been bullish over stg. over the past one month. do you still hold the same view?
Tks Prince. I agree. As for the STG following comments maybe the reason behind of its lately weakness…. GBP: Media carries varies stories about this week’s BoE meeting, In the Guardian the British Chamber of Commerce call
for the MPC to cut rates to zero. The Telegraph reports speculation that the MPC will reduce the interest the BoE pays on
bank deposits, potentially even instigating a negative rate.
New to your blog/chat thru a friend of mine, I’ve found your analysis to spark my interest in pursuing a means of tracking the e/j. I’ve now gained years of historical data and have created algorithms that have helped me to determine why/how/when to trade. I wanted to thank you for creating an environment that pushes traders to think outside the “tech box”.
Your discussions have shown me how to think more in lines of “what are the big guys trying to do?” More of a “big picture” look rather than a sliver of time look. This has been extremely helpful.
I realize some are critical of your process but in all sincerity with proper money mgmt there should be no problems. Especially since most pairs tend to range a bit there’s always a good chance it’ll go to “whatever” the magic number seems to be that ppl are looking for, you just need to be patient. I look forward to learning/experiencing more “ah ha” moments as time moves on.
Regards,
Twitter-fxi