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

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either way stop hunt moves for a day

Posted on October 29, 2009 at 6:41 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman15 Comments »

Euro and GBP made the downward stop hunt during start of japanese session below yesterday close and then firmed up to firm up towards close of Japanese session and after upward stop hunt above high during early European session they are expected to slide from mid European session till close of the session.After a downward stop hunt during late european and gap time before US session they are expected to swing and firm up during US session as risk appetite move after yesterday risk aversion move.Tomorrow they are expected to make risk aversion move ( USD gaining moves) for week end.

Regards

Dr.Sivaraman

Tags: risk aversion and risk appetite

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