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

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Very volatile moves for a day

Posted on October 8, 2009 at 7:22 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made today the upward gap opening as mentioned in the blog yesterday.After the gap time upward stop hunt they are expected to slide and drop during early European session till 11:00 GMT - BOE interest rate announcement time.Then they are expected to make lower level swings till 11;45 GMT - ECB rate announcement time.Then they are expected to rise quickly and drop from 12;30 GMT -ECB press conference time.Later after volatile moves during European session and gap time they are expected to swing and slide during US session.if there is any change in the market reading during the day I will give updates.

Regardfs

Dr.Sivaraman

36 Responses to “Very volatile moves for a day”

on 08 Oct 2009 at 7:33 am1Umesh

Dr. Thanks for your expert comments.

Is there any chance to short Eruo at top and what we expect hi and lows?
on 08 Oct 2009 at 7:34 am2Ignacy

Dear Doc,

What about USD/JPY it is stil going south and staying in low levels of 88 any chance of its recovering?
on 08 Oct 2009 at 7:39 am3ATF

Dear Doc,

How do you expect Gold to behave?
How much upward levels are expected?

Best Regards.
on 08 Oct 2009 at 7:43 am4Dr. S. Sivaraman

Dear ATF
the highs are determined by the quantum of short covering.Gold is expected to drop from today till tuesday.
Regards
Dr.Sivaraman
on 08 Oct 2009 at 7:46 am5carlab

Dear Doc: So far, contrary to expectations mkt has cut highs EU and GU. Should we adjust expectations? I see AUD does not go higher. I have put stops slightly above 1.48 and 1.61.Do you still think will cut o/n lows after mkt contrarian move? Tks very much
on 08 Oct 2009 at 7:52 am6TheJade1

Dr. I was unable to attend your webinar, what is your latest view on USD/JPY? Thanks.
on 08 Oct 2009 at 7:57 am7Arun Kandyal

Hi Sir
neither slide nor drop in euro in late japanese session or early european session.should i hold my short or cut with nominal loss thx.

Regards
Arun Kandyal
on 08 Oct 2009 at 8:17 am8PRINCE

Dr. i came for your winbe this morning but my internet failed me.i actually asked if we will see GU cut below 1.900 today before the big rise.thanks for being you
on 08 Oct 2009 at 9:31 am9Dr. S. Sivaraman

Dear Ignacy
USD/YEN is expected to rise from 88 area today.
Regards
Dr.Sivaraman
on 08 Oct 2009 at 9:33 am10Dr. S. Sivaraman

Dear All
Players are holding EURO and GBP near high for the traders gone short to cover before data release because of uncertanity.They are expected to drop today till Tuesday.
Regards
Dr.Sivaraman
on 08 Oct 2009 at 10:45 am11Sanio

Dear doctor, drop you refer to eur or gbp?

Thank you,
on 08 Oct 2009 at 11:07 am12Raj patel

Doctor,
Well done I RAISE MY HAT TO YOU,
Spot on for decline frm 1.6092 to 1.6032 almost 50 pips for sclap.££££££££’s
Many Thanks
Raj
on 08 Oct 2009 at 11:19 am13Jason Macko

Could not make the webinar (I tried) as I needed to be fresh (xtr sleep) for the news this morning. Your forcast is for another drop in GBP/USD and EUR/USD until Tuesday. However, on the hourly, GBP/USD has broken through 4-hr dynamic resistance trendline from the 1.6125 (Sept 30th), it has come down to about 1.6036, but bounced back up to about 1.6160. Technically this is a classic breakout play to the upside, but guarantees nothing (as always in trading). I am curious if this has modified your forcast for the rest of the day/week. I suppose US unemployment figures and the ECB rate decision should have an effect as well. Nonetheless, your insights have proved once again, and thank you for your nearly impecable analysis Dr. Sivaraman. I also have another question, as a forex trader, what program would you recommend to another trader in University; economics, math, psychology?
on 08 Oct 2009 at 11:30 am14Imran Iqbal

Hi, Doc,

Reading and listening u since a long time and impressed.

I want to know about GOLD, what is the maximum target? can it test 1100 or 1200.

Regards,

Imran Iqbal
on 08 Oct 2009 at 11:54 am15Mike

Doc,

What happened? Both the statements have come out and the markets have barely moved. Where have the traders and players gone?
on 08 Oct 2009 at 11:56 am16Sanio

Dear doctor, why the markets do not move after the BoA and EU rate decision?

Are the players setting major traps here?

Regargs,
on 08 Oct 2009 at 11:57 am17wajid hussain

Dear doctor,
how long are you seeing AUD/USD?
on 08 Oct 2009 at 12:11 pm18Raj patel

Very disappointed that no one has praise the doctor for giving time window trade opportunity.
Twice Gpb has done what the good doctor had predicted.
inspiration brings the bestout the person. give credit were its due
Raj
on 08 Oct 2009 at 12:15 pm19Mike

Raj,

I love the Doc, to be honest I think he is a gift from the heavens. I wasn’t questioning him at all I am just puzzled as to why the markets are flat and am looking to his genius to help understand.
on 08 Oct 2009 at 12:19 pm20Ahmed

Respected Dr,
Once again your insight about the market has been proved.Thanks for all the guidance and all these accurate calls.Please do keep providing guidance as it is invaluable.
Regards
on 08 Oct 2009 at 12:22 pm21Raj patel

Mike,
This was not directed to you but all of the names you see log in the webair,
I am sure many would won a few bets on this eventful day.
make it known guys.
no worries as they say down under.
Raj
on 08 Oct 2009 at 12:34 pm22Dr. S. Sivaraman

Dear All
The players hold high but the traders are not willing to buy from them and keeping away- so the players have not made any volatile moves till now.they are expected to slide and drop after ECB press conference.Calmly wait and trade.
Regards
Dr.Sivaraman
on 08 Oct 2009 at 12:38 pm23Roshan

hi Doctor, do you still see euro going down below 1.46 today?

thks
on 08 Oct 2009 at 12:58 pm24EC

somehow the opposite is happening….
on 08 Oct 2009 at 12:59 pm25EC

Roshan, do not even hope…
on 08 Oct 2009 at 1:23 pm26Ketan

I do not thinks its the opposite. Have a look at the EUR/USD chart, there was a quick rise, which is mostly the false move. Hoping to see the drop from now on. Correct me if I’m wrong Doc.
on 08 Oct 2009 at 1:27 pm27Roshan

would this gap time move not be false then?

regards
on 08 Oct 2009 at 1:36 pm28EC

yes but 1.46 is a very long way to go
on 08 Oct 2009 at 1:39 pm29Twitter-fxi

Nice call Dr. Sivaraman……
on 08 Oct 2009 at 1:44 pm30Arun Kandyal

Hi Sir
nice call but GBP is not droping yet.i closed my short in euro with nominal profit.do you expect another upward stop hunt in euro so that i could open short again thx.

Regards
Arun Kandyal
on 08 Oct 2009 at 1:45 pm31Umesh

Thanks a lot Doc
its working same as you mentioned, lets see if this continue up to tuesday.

Very well done and perfect analysis.
on 08 Oct 2009 at 1:54 pm32Pavel

Hello
Do You expect usd strenghting moves for weekend and next week begining?
Thanks
on 08 Oct 2009 at 1:56 pm33radha

Dr. Are we expecting drop in AUD USD during US session? around 8950 levels?. Thanks.
on 08 Oct 2009 at 2:20 pm34Raj patel

Well done guy and grils
a little thank you to Doc goes a long way.
keep it up all
cheers
Raj
on 08 Oct 2009 at 2:24 pm35HARI

Dear Doc,

Fentastic call today.Do you expect furthur USD gaining TODAY?
on 08 Oct 2009 at 4:28 pm36Jason Macko

Nothing will happen probably, Uptrending Pennant on GBP/USD + dynamic resistance broken and already consolidated at 1.6010. If you are short the cable, be careful of 1.6130/40 and 1.6200/20, if these area goes, a large short covering rally might happen very quickly. Dangers for the upside are the broken head and shoulders 1.6185 and the potential for a double top at 1.6125.

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