FX Market Readings

Rise in EURO and GBP when traders commit positions

Dr. S. Sivaraman — Thu, 04 Dec 2008 17:48:48 +0000

After the new lows shown in GBP and GBP crosses,the traders were afraid to buy GBP at any level and quickly off loaded the longs in EURO as the interest rate cuts were massive.But the interpretation came as the remedial measures are taken as right step to come out of negative growth.Hence we see the rise in EURO and GBP,but actually after the longs are liquidated in fear and shorts are taken because technically the supports were broken.So after the traders have taken positions the market moved against their expectations.

So during big event times they breach the support and reistances easily.

Expected moves for US session and tomorrow Japanese session are as follows:

EURO and GBP are expected to swing around the high till close of US session.

Tomorrow a quick rise in USD/YEN and drop in EURO and GBP during Japanese session are expected.NFP data release time moves I will post tomorrow before the event.

Regards

Dr.Sivaraman

BOE & ECB interest rate decisions - expected market moves before and after…

Dr. S. Sivaraman — Thu, 04 Dec 2008 06:17:24 +0000

Today (Dec 04) is considered important as the interest rate decisions are to be announced by BOE by 12:00 GMT and ECB by 12:45 GMT,followed by ECB press conference by 13:30 GMT ( the hawkish or dovish statement time) .

Yesterday as expected during US session the slow rise was seen till close.Today the slide is seen during Japanese session as expected.

The expected moves during the trigger time are as follows:

Dip in Euro and GBP towards close of Japanese session followed by small swings during gap time before start of European session,then sudden rise in them creating more chance for speculation by start of European session.Further firming up during mid session and handling of the crosses by making contrarian moves ( EURO and GBP rise along with rise USD/YEN).

From 12:00 -14:00 GMT during late European session higher level swings ( a dip followed by cutting the high and then a dip followed by cutting the high during each announcement time),then further rise after press conference till close of European session,followed by quick swings during gap time before and during US session are the expected moves.

Players know well the traders are going to enter into the market after the events or announcements based on the fundamentals and technical studies.But they are expected to make more volatile moves after the traders commit the positions.If the traders wait for NFP data release then the players also could make wide range swings today and make trap moves for week end once the traders commit the positions in the market.

These are the the derived market moves from my algorithm and may vary in actual market condition.Please watch the market and undertstand their moves and decide to take positions during quick moves or false moves time.

I will give more updates during the events my market readings.

Regards

Dr.Sivaraman

A drop and a rise for the day

Dr. S. Sivaraman — Wed, 03 Dec 2008 08:41:12 +0000

EURO and GBP opened lower to drop during early European session and are expected to rise from late European through US sessions.Tomorrow they are expected to open high and drop during Japanese session and rise during European session - interest rate decision announcement times of BOE and ECB.

Volatile moves are to consolidate near low and rise towards the close of the year.

These are the expected market moves and may vary in actual market condition.They are given mainly for the timings of the market moves.The levels may be obtainied from other sources.Try to trade with care with limited positions then maximizing the profit could become easier.

Regards

Dr.Sivaraman

Rise time

Dr. S. Sivaraman — Tue, 02 Dec 2008 14:28:46 +0000

EURO and GBP made the volatile moves during Japanese and European sessions.They are expected to rise in US session and continue the rise during gap time before opening for tomorrow Japanese session at higher levels.

Breakout traders could be benefited.

Regards

Dr.Sivaraman

Volatile moves to prevail for a day

Dr. S. Sivaraman — Tue, 02 Dec 2008 05:58:08 +0000

yesterday, EURO dropped nominally for week beginning when compared to massive drop in GBP and USD/YEN,which resulted in big moves either drop or rise in the crosses.Similar volatile moves are to prevail for another day - today.To drop EURO/GBP after the rise they made,They could drop EURO holding GBP and then firm up both during US session.

Today they are expected to make firming up move during early European session and drop during late European session and rise during US session.The pairs undergoing the moves may vary as they are busy handling the crosses.Tomorrow during early Japanese session they are expected to make a quick downward stop hunt and rise and firm up more during late Japanese session.

The market could give either way swing trade opportunities.Still use trailing stop or hedging order to limit the risk and maximize the profit.As the month proceeds, there could be more unassuuming moves in majors and crosses.Watch and trade.

Regards

Dr.Sivaraman

Massive moves for week beginning…

Dr. S. Sivaraman — Mon, 01 Dec 2008 13:19:48 +0000

Euro correcting nominally and GBP making a big drop,drop of USD/YEN along with GBP,quick drop in AUD,nominal rise in USD/CAD and nominal drop in USD/CHF are seen in European session to handle mostly the crosses for week beginning.YEN crosses are under massive drop,Euro/GBP on massive rise etc are the wild moves for the last month of the year.

Watch and trade using specific stops or hedging order to limit the risk.They are expected to make more wild moves during US session.

Regards

Dr.Sivaraman

Last month of the year -expected FX market moves….

Dr. S. Sivaraman — Mon, 01 Dec 2008 07:47:40 +0000

New month - the last month of the year 2008,the Forex market is expected to make the year end moves.The market moves during Year beginninbg and year ends are expected to be wild.yester year charts and price actions could be referred to understand the same. So trading during this time needs very effective trading system using stop or hedging order or trailing stop to limit the risk and maximize the profit.Because sudden up and down moves could be seen without even there are any trigger times like data release etc.

Today EURO and GBP are expected to dip during start of the day and then slowly recover during late Japanese session and early European session.From mid European session they are expected to rise quickly and open high during start of US sesson and after a quick drop to hit trailing stops of breakout traders expected to rise further till close of the session.Upward gap opening is expected during start of Japanese session tomorrow and rise quickly further up during mid and late Japanese session.

I will give the expected market moves of tomorrow European and US session and day after tomorrow Japanese session by tomorrow.I plan to give the calls of the expected moves like this as they are expected to make big upward and downward gap openings during this month.

Regards

Dr.Sivaraman

Volatile moves to create uncertanities

Dr. S. Sivaraman — Fri, 28 Nov 2008 15:37:59 +0000

Sudden rise and drop is to create fear to higher level long holders to cut the positions before the rise they intend to make for month end.Players are active in quickly changing the market sentiments, to create more and more uncertanities.Also they are now making more drop in EURO and less drop in GBP to drop more EURO/GBP cross.In the name of volatile moves,thin volume etc.they are making quick either way stop hunts during holiday time.We will be able to see their intentions visible in coming days from their market moves.

Regards

Dr.Sivaraman

Month end moves

Dr. S. Sivaraman — Fri, 28 Nov 2008 11:43:30 +0000

I am sorry for the delay in giving the blog today.

EURO and GBP are making either way swings from start of the day.They are expected to firm up towards close of this session from the current low levels.Suring US session they are expected to dip initially and then firm up till close for week end.

Near low set for the day are buy opportunities to trade with stop or entry stop to limit the risk.

Regards

Dr.Sivaraman

Expected market moves during Thanks giving days

Dr. S. Sivaraman — Thu, 27 Nov 2008 08:44:14 +0000

EURO and GBP firmed up towards close of yesterday after a wild drop to induce traders to cut the long positions before going for holiday in US.

Today Japanese session they made a small rise and then dipped towards close of Japanese session.They are expected to slowly firm up EURO and GBP during European session and after a brief swing towards close of the session they are expected to firm up slowly during US session.

Tomorrow for week end they are expected to firm up during Japane session and then dip during European session start and rise till week end close time as month end move.

Today’s webinar

I will be presenting today double webinar -‘Tracking the forex market together part I and part II during 11:00 and 15:00 GMT.The links are given under Today’s webinar in fxstreet.com home page for you to register and participate to ask questions and also to know about basic safe trading strategies.

Looking forward to meet you all there.

Regards

Dr.Sivaraman