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

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Expected market moves before and after BOE rate decision

Posted on September 10, 2009 at 8:35 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made the ephoric moves during early US session above high yesterday - a simple upward stop hunt strategy of the players.

As explained during Asian session: Live market analysis webinar they made the swings between high and low during Japanese session.During early European session they are expected to make swings near high and then slide during BOE interest rate decision time -11:00 GMT and then continue the slide during late European session.After initial firming up move they are expected to slide during US session as well.

Tomorrow for week end EURO and GBP are expected to make drop during Japanese and European sessions with swings to firm up for week end.Then further drop is expected during early next week.

Regards

Dr.Sivaraman

6 Responses to “Expected market moves before and after BOE rate decision”

on 10 Sep 2009 at 8:53 am1Francesco

Good day Dr. Sivaraman,

during these potential slides, how do you see EURGBP moving?

Thank you!
on 10 Sep 2009 at 9:20 am2carlab

I am double long in Usd agst Eur since tuesday,and agst CHF since ydy. My patience is been checked, I guess it means it is the starting of the contrarian move expected. But I will be happy to see 1.4450 and 1.05 in these pairs.
Doc.: Do you think we will see these levels today or tom?
Thanks
on 10 Sep 2009 at 11:31 am3Arun Kandyal

Hi Dr
Is it time to open short or should stay aside thx.

Regards
Arun Kandyal
on 10 Sep 2009 at 11:53 am4jefe

Arun- Just a guesstimate

They are now doing upward stop in Eu — raising gu to lower EG

If this is an upward EU stop hunt– I would wait for the 100% retrace to short GU– if its a real move GU will go up a bit more
on 10 Sep 2009 at 12:02 pm5Arun Kandyal

jefe
Lets See But its better to stay aside 1.6520 - 1.6660 levels to watch.
on 10 Sep 2009 at 12:09 pm6jefe

Arun- +1 I have the same Fibs set up

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