For week end the market appears very subdued.EURO and GBP are making small swings and alternatively cut the low and firm up again to retain the fear for the lower level short sellers.During US session EURO and GBP are expected to swing and slide and drop from mid session as profit booking moves.many of the short sellers have closed the shorts and turn long hoping for Risk appetite move for week end.But the players are expected to remark that profit booking eroded the gains in EURO and GBP.the same up and down moves are given different interpretations - that is market making.

Regards

Dr.Sivaraman

EURO and GBP made the upward spike yesterday during US session as part of month end big volatile moves.

During japanese session they are expected to swing near high  and slide some.During European session they are expected to make brief upward stop hunt and then slide from mid European session as market surprise.After further drop during early US session they are expected to firm up  from low  towards close of US session for week end.Month  end  time -quick volatility is to prevail.trade with caution.Quick moves are false moves in the market  and are made mainly to gain levels and hit stops,not the real bullishness or bearishness of the currencies.

Regards

Dr.Sivaraman

Euro and GBP made quick rise and created the fear for traders.it is month end time - the players make usually big moves to hit the stops either way in derivative markets.samrt traders can make use of such quick volatile moves to make either way profit.Hedging helps a lot in this sort of market conditions,which ever way the market moves we can book profit in the original or the hedged positions and when the intentional move is seen after the extended moves one can book profit in the other pending positions.

I will explain more details of trading strategies to handle positions in any market condition during twin webinars tomorrow (30th Oct)

Tracking the forex market together part I 10:00-10:45 GMT  - link to register

http://www.fxstreet.com/live/sessions/session.aspx?id=f0e7350a-dffe-4243-8ba8-8abc2446647a

Tracking the forex market together part II 14:00-14:45 GMT  - link to register

http://www.fxstreet.com/live/sessions/session.aspx?id=978b0d7e-5de7-4b8c-87c5-fd5de8db40e8

Regards

Dr.Sivaraman

Yesterday the risk aversion move happend and today as expected risk appetite move has happened alternatively.Slow slwing and slide during US session is expected to show risk aversion move tomorrow for week end .Market sentiments can change so quickly but not the human sentiments- that is how the market moves continue to give surprises.

The highs are set in EURO and GBP and are expected to swing and slide during US session to make the drop tomorrow.In this process US GDP data got its credit.

Regards

Dr.Sivaraman

Euro and GBP made the downward stop hunt during start of japanese session below yesterday close and then firmed up to firm up towards close of Japanese session and after upward stop hunt above high during early European session they are expected to slide from mid European session till close of the session.After a downward stop hunt during late european and gap time before US session they are expected to swing and firm up during US session  as risk appetite move after yesterday risk aversion move.Tomorrow they are expected to make risk aversion move ( USD gaining moves) for week end.

Regards

Dr.Sivaraman

EURO and GBP firmed up before the 14:00 GMT data and started the slide - many may think the data is inducing risk aversion.After tyhe slide and drop  till early tomorrow the players are to show risk appetite move tomorrow and day after risk aversion move for week end.We know they are attributes for the up and down moves of the market.But big players make such moves to earn every time telling stories for the traders to believe.

Regards

Dr.Sivaraman

The asian session: Live market analysis webinar held on 26th Oct ( monday) is being recorded and displayed under the link given below

http://transcripts.fxstreet.com/2009/10/asian-session-live-market-analysis-1.html

you can listen and understand how to use hedging and also about how to read the market.

All monday webinars will be recorded and displayed for the benefit of the readers of the blog.

On Friday 30th oct I will be presenting twin webinar - Tracking the forex market together  part Ibetween 10:00-10:45 GMT   and part II between 14:00-14:45 GMT-giving the live market trading decisions using the live market quote page  and demostrate how such trading decision and trading strategies are needed for making money from the market  

the links to register for the same are given below:

Tracking the forex market together part I:

http://www.fxstreet.com/live/sessions/session.aspx?id=f0e7350a-dffe-4243-8ba8-8abc2446647a

Tracking the forex market together Part II

http://www.fxstreet.com/live/sessions/session.aspx?id=978b0d7e-5de7-4b8c-87c5-fd5de8db40e8

The twin webinars will be recorded and displayed under -

http://www.fxstreet.com/live/transcripts/

Regards

Dr.Sivaraman

EURO and GBP made a brief drop during start of Japanese session and are expected swing near high during late Japanese session.Then after a brief upward stop hunt they are expected to drop quickly during Early European session.They are expected to firm up nominally from mid European session to swing and slide during US session.

Tomorrow the market is expected to start low and firm up to current levels and then drop quickly on Fiday for week end.

Regards

Dr.Sivaraman

When EURO,GBP,GOLD,AUD were holding high and denominator currencies were holding all time low - many were of the impression that they could go further higher and reach above last year high.But they fail to understand that multi year highs and lows can be shown once in multi years only.Now we are able to understand how the analysis using various attributes imagined such levels and indirectly helped the players to earn maximium from the traders.So during trend reversal times this sort of imaginations bound to happen fromtime to time.

Now the players have revealed their true intentions.they are known to make up and down moves in the market but if we get linear projections we fail to recognise the curvilinear patterns of the market - namely trend reversals.

Understand the man made market and trade using the limitations of the market players.

Regards

Dr.Sivaraman

EURO and GBP made the drop ywesterday during US session as expected.They have made a drop and firmed up to slide during close of Japanese session.then firm up again during early European session and slide towards close of European session.Swing and slide moves are expected again during US session.

More drops could be seen in EURO and GBP in this process.USD/YEN could make a contrarian move of drop along with EURO and GBP and then reverse to handle their crosses.

Regards

Dr.Sivaraman