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

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Can EURO and GBP slide more?

Posted on November 3, 2009 at 14:19 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

Euro and GBP made the slide and drop till close of European session as expected by the forecast model.Euro and GBP made negative net change of 150 pips and making small firming up moves.

can they drop more?

Euro and GBP are expected to drop more after brief pull back during start of US session.They may be sell opportunities near initial lows of the day set during early japanese session.

Tomorrow, for FOMC rate decision, before hand the market is expected to swing and slide more to net permissable level of the day and then expected to make volatile moves during FOMC rate announcement time to drop more for BOE and ECB rate announcements expected to be announced day after tomorrow.Then further drop for NFP data release.

I will give more detailed expected market moves for those days during the respective days.

Regards

Dr.Sivaraman

18 Responses to “Can EURO and GBP slide more?”

on 03 Nov 2009 at 2:36 pm1Masood

Hello Dr:
What is the anticipated forecast for EUR/JPY? It has been steadily falling for last week. Do you anticipate a further drop, or a return to 135 - 138 levels?

Thanks for all of your guidance,

Masood
on 03 Nov 2009 at 2:38 pm2jaydee

dear doc,
thank you so much abt ur euro and gbp update. plz guide abt usd/jpy as well…..
regards
on 03 Nov 2009 at 2:44 pm3Robin

DOC
“Tomorrow, for FOMC rate decision, before hand the market is expected to swing and slide more to net permissable level of the day”

What does “net permissable level” means?
on 03 Nov 2009 at 3:07 pm4Pico

Robin, i think net permissable level in the case of eurusd is 150 pips.
on 03 Nov 2009 at 3:09 pm5Pico

Dr. how do you know eurusd will drop more?! Just because it mades small firming up moves?
on 03 Nov 2009 at 3:17 pm6j.j

Dear Dr.Sivaraman hi, pls adv about gold it only going up up,pls adv. thank you.
Regards
on 03 Nov 2009 at 4:11 pm7j.j

Dear Dr.Sivaraman hi, pls adv. gold now 1080 so how you see this move.
Regatds
on 03 Nov 2009 at 4:12 pm8vinesh

DOC UCAD has slid more without any reason any idea on how low it might go
on 03 Nov 2009 at 4:42 pm9Dr. S. Sivaraman

Dear Masood & jaydee
Euro/yen is expected to make some drop and then rise from next week - trading with hedging to limit the risk.
They are expected to drop along with euro- usd/yen also to 89.50 area and then rise.
Regards
dr.Sivaraman
on 03 Nov 2009 at 4:45 pm10Dr. S. Sivaraman

Dear j.j
Final upward stop hunt in gold to drop till 3rd week of this month.
Regards
Dr.Sivaraman
on 03 Nov 2009 at 4:45 pm11Dr. S. Sivaraman

Dear vinesh
USD/CAD could rise tomorrow.
Regards
Dr.Sivaraman
on 03 Nov 2009 at 4:46 pm12j.j

Dear Dr.sivarman thank you
Regards
on 03 Nov 2009 at 4:52 pm13Gregor

Dear dr.,

so 2nd half of this month and Dec Gold and USD both down?

R.
on 03 Nov 2009 at 4:54 pm14smith

Doc, regarding USDJPY we can not see the drop today again. Do we still expect a drop to the 89.50 area?

regards,
smith
on 03 Nov 2009 at 5:11 pm15Diego

Respected Dr. Just to keep updated, “Euro and GBP are expected to drop more after brief pull back during start of US session.” is still the forecast? I saw the GBP pullback during start of US session, it’s safer now to do the shorts? what levels are expected for the GBP drop? will it cut today’s low ~1.6250?
on 03 Nov 2009 at 8:31 pm16FN

Plz adv me what the next level of gold in upper side ..
Do u think that it breaks the level of 1100 in this weak??
Or how much chance to go below 1000 level ..
Ur analysis is highly appriciated!!!!
Regards ..
FN
on 04 Nov 2009 at 6:33 am17david

Dear attendees of Doc’s webinar, missed Doc’s webinar today. Would be grateful if anyone who have attended Doc’s webinar today could post Doc’s market forecast here before london open. also what is doc’s call on eur/usd and gbp/usd for today? Many thks.
on 04 Nov 2009 at 6:54 am18Dr. S. Sivaraman

Dear david
Please patiently wait for the posts to be displayed instead of asking others.I am giving the posts every day as early as possible before the quick moves.
Patience is virtue.
Regards
Dr.Sivaraman

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