23 Responses to “Volatile moves in GBP”

1. on 10 Sep 2009 at 12:07 pm1Nazali

   Hi Dr

   Do you expect gbp to break today’s low in the US session? Many thanks.

2. on 10 Sep 2009 at 12:07 pm2Sum

   Thank you Doctor,

   Will gpb test 1.7 prior to make a down turn?

   Thank you, your comments are alway healpful and appreciated,

   Sum

3. on 10 Sep 2009 at 12:16 pm3Arun Kandyal

   Hi Dr.
   Do you Expect Drop in GBP towards close of european session thx.

   Regards
   Arun Kandyal

4. on 10 Sep 2009 at 12:23 pm4Emil

   Dear Dr Sivaraman. You sometimes say that mid-month weeks are “trending” weeks as opposed to beginnign and end-month weeks which are volatile.

   Does that mean that mid-weeks have stronger directional moves? In current week the move so far has been strong directional. Last week had strong up and down oves in the same week.

   Is there often trend change between the mid-weeKs? Or does the trend in one mid-week usually continue in the following mid-week?

   thanks

5. on 10 Sep 2009 at 12:43 pm5smith

   Doc, how big short positions will be built up by players? EUR and GBP are just rising and rising in a trending move without significant correction and always hitting new local highs.
   USDJPY is again on the downside, it reacts negatively to all the happenings. How long can it take?

   regards,
   smith

6. on 10 Sep 2009 at 12:55 pm6carlab

   Yes they are making me fear. Lower lows in Usd/Chf and Usd/Jpy, higher highs in Eur/Usd and Cable. And against expectations they are doing it b4 Ny opens. Should we wait for move down now, or they will probabily do it from higher levels? Mkt looking at 1.4620 and 1.67?

7. on 10 Sep 2009 at 1:16 pm7Dr. S. Sivaraman

   Dear All
   Similar to yesterday they are making stop hunts in specific pairs in different times - gbp,euro,chf,yen - they are careful stop hunts before easening the moves or reversiing during US session and tomorrow.Watch carefully and trading using hedging to limit risk.
   Regards
   Dr.Sivaraman

8. on 10 Sep 2009 at 1:22 pm8jefe

   Dr,

   From these levels on GU (or higher) shouldn’t we see more pump and dump action, before the final climax?

   The EU chart looks very different- pump and dump (distribution earlier in week) and now a final climax up before stonger lower moves?

   The EG is still near season highs (from the obvious strength in EU)– A now weaking EU and stronger GU would lower the EG.

   Confusing to me is holding GU while lowering Cad- unless this is not the true intention- which would imply lowering GU once the players have lowered UCad to their satisfaction and subsequently lowering GU and EU?

   I’m still in learning mode…

9. on 10 Sep 2009 at 1:23 pm9jefe

   Thanks… your post answered my my questions

   By hedged and be happy

10. on 10 Sep 2009 at 2:14 pm10jimbo

    Hi Doc are the players doing pump and dump moves ?

11. on 10 Sep 2009 at 3:00 pm11smith

    Doc, what can be the reason for that the stock markets are unable to make any correction just the “buy on dips” methodology is working. Just simply everybody waits for the drop or what?
    When will come to the end this huge rally?

    regards,
    smith

12. on 10 Sep 2009 at 3:17 pm12pipso

    Doc, when is the upward stophunt coming to an end? With the bearish sentiment for last number of weeks, I think even you became bearish and gave delayed calls, which should have come few days late.

13. on 10 Sep 2009 at 3:34 pm13Dr. S. Sivaraman

    Dear smith
    Stock markets are near peak and ;players are doing pump and dump moves now- so buy and sell trades near the highest level could appear easy.Even euro was looking like that when it was around 1.60 area,then we know what had happened.They are expected to drop stock markets world over from next month and early 2010.then we will understand the intentions of the players.
    Regards
    dr.Sivaraman

14. on 10 Sep 2009 at 3:38 pm14Dr. S. Sivaraman

    Dear pipso

    I only suggested sell and buy trades and recommended to sell during upward stiop hunt time and not just like that sell at any level.because this time they show the high first quickly and slowly correct - if we try to make buy and sell trade- if we miss to close the sell during stop hunt we may become struck with higher level longs.Still many traders hold such positions like buy in GBP around 1.68 and 1.70 area.hence I tell before hand to change the mind set to change the trading strategy along with that of the players.It may appear I am giving the calls early.Actually giving the calls early is forecast.But after the event making market commentary is very easy.
    Regards
    Dr.sivaraman

15. on 10 Sep 2009 at 4:08 pm15smith

    If we assume that the stock market will drop from next month, it will result USD gaining move? In that case the EUR and GBP will drop as well? And this is the reason why you are expecting higher USDJPY price? like in February and March when the markets are sliding but USDJPY gained levels?

    I just want to understand the global moves because in the past USDJPY went up parallel to the markets and drop if the markets drop (thanks to the carry trade), but it seems to change.

    thanks for the good comments.

    regards,
    smith

16. on 10 Sep 2009 at 4:35 pm16Ahmed

    Dear Dr,
    Thanks a lot for all these timely updates and invalubale insight and guidance.
    Regards

17. on 10 Sep 2009 at 4:36 pm17mike

    Hi Doctor,

    Is what we are seeing (them holding gdp around 1.6650) consolidation before further rise or is it an attempt to induce fear and liquidation of short positions? The original call was for a fall in gdp with a Friday recovery and then further slide on Monday. How did today’s action affect this forcast? As always thank you for all of your help.

18. on 10 Sep 2009 at 4:41 pm18Nazali

    Hi Dr

    Is a slide still expected this session with more tomorrow?

19. on 10 Sep 2009 at 5:19 pm19Gregor

    Dear dr.,

    I guess players did tricky game very succesfuly once again. Things don’t look clear any more but after all they will probably do exactly what you’ve predicted. I think this is good sell oportunity in E and G and buy in denominator ones.
    (just my opinion, of course)

20. on 10 Sep 2009 at 5:22 pm20Dr. S. Sivaraman

    Dear all
    The final upward stop hunt before the drop they made in euro this time as they wanted to combine firming up in euro/gbp to induce short covering and then they are expected to off load all during late us session and continue the move with swings till week end.we will know their strategy visible tomorrow.
    Regards
    Dr.Sivaraman

21. on 10 Sep 2009 at 5:28 pm21Nazali

    Thanks Dr.

22. on 10 Sep 2009 at 5:35 pm22Paul

    Dear Dr,
    It is with interest that i read all the day trade advise and directionality that you offer.Many Thanks
    A question in my mind however has to do with the macro environment.
    Stock markets downsn weak dollar weak oil? or do you foresee any decoupling between commodities and tha stock market?

23. on 10 Sep 2009 at 8:20 pm23twitter-fxi

    Nice forecast. I was hoping for a little more downward movement on the e/j today but maybe next week. Seems to be in more of a range mode than usual. E/U has definitely been more volatile this week!

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