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

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Expected market moves for week end

Posted on November 6, 2009 at 4:20 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman29 Comments »

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

Tags: NFP data release and expected market move

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