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expected market moves before and after BOE and ECB rate announcements events

Posted on November 5, 2009 at 9:15 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made the volatile moves after FOMC announcement yesterday and made nominal drop during Japanese session with swings.

They are expected to quickly slide before the BOE rate announcement time of 12:00 GMT .After volatile moves till 12:45 GMT after ECB rate announcement the next volatile move between high and low, they are expected to make and then slide EURO and GBP after ECB press conference time of 13;30 GMT.

US session is expected to make swing and slide moves for today as the market is expected to look for NFP data release by tomorrow.Finally after all upward stops hunts the market is expected to make slide and drop till next week.More pump and dump moves are seen around the prevailing levels in the market and are not real bullishness as the players gain levels and sell other majors,but may apprear there is ephoric buying happening in the market.

Regards

Dr.Sivaraman

14 Responses to “expected market moves before and after BOE and ECB rate announcements events”

on 05 Nov 2009 at 9:29 am1ATF

Dear Doc,

What is your forecast regarding Gold ?

Regards.
on 05 Nov 2009 at 9:29 am2Adnan Butt

Respected Dr,

Do u think that eur/usd will test 1.4700 today

or it will gain power to go above 1.4900?

Ur comments are appreciated

Adnan Butt
on 05 Nov 2009 at 9:46 am3Robin

Dear Doc,

When do you see GU going down to 1.6300 ?
And will GU retest to 1.6600 and then a stop hunt as many have sell at the highest level??
on 05 Nov 2009 at 10:19 am4john

Dr. Sivaram,

>>After volatile moves till 12:45 GMT after ECB rate announcement the next volatile move between high and low, they are expected to make [...]>>

Sorry, I cannot understand your English. Maybe some more verbs, commas, etc. could help.
Hope this helps,
John
on 05 Nov 2009 at 11:09 am5smith

Doc, we could see the drop in USDJPY to 90 area. What do you think further drop is expected or the rise has started? just for asking to open buy positions.

regards,
smith
on 05 Nov 2009 at 11:10 am6Dr. S. Sivaraman

dear ATF
Gold could use any one major data release as trigger and drop.
Regards
dr.Sivaraman
on 05 Nov 2009 at 11:11 am7Dr. S. Sivaraman

Dear Adnan Butt
Euro is expected to go near high and then cut the low to go near your target today.
Regards
dr.Sivaraman
on 05 Nov 2009 at 11:13 am8Dr. S. Sivaraman

dear Robin
GBP could go slightly above today’s high and then cut the low to go near your expected level.
Regards
Dr.sivaraman
on 05 Nov 2009 at 11:14 am9Dr. S. Sivaraman

Dear john
Volatyile moves from 12:00-13;30 GMT and then slide.During volatile move they are expected to swing between the range of high and low.
Regards
Dr.Sivaraman
on 05 Nov 2009 at 11:18 am10Dr. S. Sivaraman

Dear smith
during data release times they could make some downward stop hunts in usd/yen before the rise.

Regards
Dr.Sivaraman
on 05 Nov 2009 at 11:46 am11j.j

Dear Dr. Sivaraman hi, pls Dr. would you explain to me the following
1-if the IMF knows that the gold price is going higher and higher to say $1100 plus whey the sold the 200 TN at ave. price of $1045 to india C.B
2-if the price is goning to drop below the $1045 then why the C.B bought now,
PLS adv,thank you
regards
on 05 Nov 2009 at 12:00 pm12maxi

doc, do you think majors will continue to drop in next week moves?
on 05 Nov 2009 at 12:11 pm13Robin

Dear Doc,

Do you expect GU to go aroung 1.6650 in next 1 hour and then slide?

Thank You
on 05 Nov 2009 at 12:13 pm14Robin

Dear all

See I was correct.I expect the market to touch 1.6600 and then take a upward stop hunt!!!!!!!!HEEEEEE

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