EURO and GBP made the slide from mid European session and after NFP data and unemployment rate they made the drop - traders jumped in a hurry and took sell positions during drop.But the players bought all after the traders commitment lower level sells and making the rise to induce short covering now, before the next slide they intend to do.So they wait for the traders to commit positions since many traders avoid taking positions before data.Now after the traders commiting positions the data is not important and the stops are important for earning for the players.

They are expected to respond to the data in another 30 min to 1 hr and say the unemployment rate is very high as if the market moves in tandem with the data.

hence I suggest not to sell during drop and buy during rise- they are emotional decisions and the players are there to trap such traders.

Regards

Dr.Sivaraman

EURO and GBP after higher level swings made nominal slide towards close of US session.Now during early Japanese session they are holding high for traders to continue to watch with  fear but without upward stop hunts.

EURO and GBP are expected to firm up during late japanese session and slowly slide  from start till mid European session.

Before NFP data release time 13:30 GMT -EURO and GBP are expected to make downward stop hunt below initial low set for the day.After data release 30 min volatile move and then slide during early US session are expected.From mid US session quick drop with swings are expected in them for week end.

market may appear bullish or bearish from time to time - keep an objective view that what appears in the market is not true- hence we continue to get surprises when the market makes unexpected moves.

Regards

Dr.Sivaraman

Every data and speech are perceived good.When all cover their shorts and turn long in EURO and GBP,some one has to come and buy from them at higher levels.Normally the short sellers - but they are afraid to short,then the players can buy - but they already gained levels and taken sell positions by hitting stops and supplying to bullish buyers at higher levels.Now we need to witness how the players give surprise and say too much of good is also bad. 

This is how the market is structured and manipulated.Hence we need to keep in mind the players create market sentiments and act against traders when they have commited positions.

Regards

Dr.Sivaraman

GBP made the upward stop hunt with  above psychological level of 1.66 and EURo made a rise up to high without cutting high made the slide after ECB data release.Now all are waiting for ECB press conference.Before that the players made the volatile moves and hit the stops and also taken sell positions.they may use the next data release from US for a downward trigger to drop during US session.

Regards

Dr.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

EURO and GBP made the rise during  early European session  and not making any dop till close of European session.Instead players made an upward stop hunt in EURO holding GBP indicating that they are busy handling the crosses rather than majors.

Now what we can expect during US session?

They could slide during start of US session instead of late European session.then after swings for 15:00  and 15;30 GMT data they could swing and slide till mid US session before making a false move ( rise) before FOMC data release time -19:15 GMT.Then after some volatile moves they are expected to induce traders to anticipate BOE and ECB interest rate decisions.

The forecast algorithm expects slide and drop-let us see whether the players make it in line with the expectations.

Regards

Dr.Sivaraman

EURO and GBP made the expected rise above initial high  during early European session and created bullish feel before the drop till close of European session.USD/YEN also rised to make the rise in YEN crosses .More rise in GBP and less rise in EURO made euro/gbp to drop further.The players are handling aggressively crosses before going to handle the majors after FOMC event.

Regards

Dr.Sivaraman

EURO and GBP are expected to swing near high during early Japanese session to slide towards close.

They are expected to firm up during early European session and then slide and drop till close of European session.Then after further dip during early US session they are expected to firmup to middle level during mid US session.

During FOMC data release time they are expected to make volatile moves and then slide.I will give the updates again with details of expected moves just before and after FOMC data release time.

Regards

Dr.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

Hi All

You can hear the recorded version of Asian session: Live market analysis given yesterday (02 Nov) during Asian session to know about the expected market moves in this month and beyond.

The link
http://transcripts.fxstreet.com/2009/11/asian-session-live-market-analysis.html

Regards

Dr.Sivaraman