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

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Euro and GBP are expected to make wide range swings and slide

Posted on September 24, 2009 at 6:15 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

After FOMC,EURO and GBP made the volatile moves and dropped, and dropped further during Early Japanese session.Then firm up and swing near high and make brief upward stop hunts around 6-7 GMT and then slide quickly during Early European session and cut low.Then again recover from mid European session and make the upward stop hunt around 12-13 GMT and then drop again during US session.

Either way trading opportunities prevail.

Regards

Dr.Sivaraman

16 Responses to “Euro and GBP are expected to make wide range swings and slide”

on 24 Sep 2009 at 6:23 am1Ahmed Hanif

Dear Doctor

0.87 level for Eur/Gbp is still intact this week

Regards,

Ahmed Hanif
on 24 Sep 2009 at 6:38 am2Ketan

Dear Doc,
When are we finally going to see a considerable drop in eur/usd? Like 1.45 level? Will it get down to this level without hitting 1.49?
on 24 Sep 2009 at 6:55 am3Raj patel

Twitter-fxi
Did the doctor give any clues as to how to predict moves of the the sessions that follow jpy period?
I see the quote page which gives me the current, where its been but how do you project that forward ” up and down” moves within a time window?
Your comments appreciated
Raj
on 24 Sep 2009 at 7:16 am4Dr. S. Sivaraman

Dear Ahmed Hanif
Yes or early next week.
Regards
Dr.Sivaraman
on 24 Sep 2009 at 7:17 am5Dr. S. Sivaraman

Dear Ketan
having waited ,wait for a few more days.Market rewards patince and not impulsiveness.
Regards
Dr.Sivaraman
on 24 Sep 2009 at 7:27 am6Mike

Doctor,

What is the best way to interpret this gap time contrian move. It is obviously a stop hunt in euro/gbp but as far as taking a position euro is at high and gbp is at low. How do you read this?
on 24 Sep 2009 at 7:34 am7smith

it is unbelievable that is going on in EURGBP and GBPUSD. For GBP is easy to fall, EURGBP is rocketing again after BoE’s King announcement.
on 24 Sep 2009 at 7:38 am8Mike

The euro has cut and held and the pound has dropped sending euro/gbp through the roof. I would imagine that the right call is to short euro and euro/gbp at these levels. Is this assumption correct and how would one trade the pound noe that it has broken and looks to be holding? As always thank you for all of your help.
on 24 Sep 2009 at 7:40 am9Mike

smith,

I think it’s like the doctor said it’s all designed to help move the yen vs the other majors and to blow the stops out in euro/gbp.
on 24 Sep 2009 at 7:43 am10Mike

Smith ,

my guess is that the german news in 20 min will cause the euro to drop bringing euro/gbp down with it and they will hold gbp for a while. Just a hunch but it’s my prediction at the moment.n Lets see what happens.
on 24 Sep 2009 at 7:46 am11Beadelta

Hi DC
I and / g fall and today he moved quickly upwards. That was just to hunt stops positioned in the sale?
Thank you .
on 24 Sep 2009 at 8:00 am12smith

two days of slow correction has been disappeared by 1 hour in EURGBP
on 24 Sep 2009 at 8:04 am13Francesco

Dear Dr. Sivaraman,

good day!

Eur did not cut the low during early european session, do you expect this to happen during US session and anyway the reversal started yesterday will continue in the coming days till the 1,44 - 45 potential target zone?

Thank you!
on 24 Sep 2009 at 8:10 am14Ketan

Doc,
Is eur/usd going to touch 1.49 before 1.45? I’m worried because of month end. As currencies sometimes make big rises.
on 24 Sep 2009 at 8:21 am15smith

the GBP cut the high and the low as well but the EUR cut only the high. Do we expect that EUR will cut the low? Or all the price actions are valid for the GBP? I am very disappointed with EURGBP…
on 24 Sep 2009 at 8:51 pm16Tom

question for Dr.Sivaraman

Our ‘non for the profit organisation’ has some GBP and we want to exchanges this to Euro’s. Is there any expectation that the GBP will rise? …End of the month or end of the year? Any advise is welcome. Or should we exchange and take our lost?

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