it is week end time.Market awaits the out come of NFP to be announced by 12;30 GMT just before the US presidential election by next week.more caution may be seen among the traders while committing positions.
As a result EURO and GBP underwent profit booking moves .
Currently subdued moves are seen during japanese session.Euro and GBP are holding closer to initial low set for the day.they could make a false dip during late Japanese session .after some brief downward stop hunt…Continue
market is making slow and steady upward moves pair by pair.Aud gained and USD/CAD dipped as usd weakening move.Now USd/YEN is making the gaining move.Later EURO and GBP are expected to slowly gain as intentional move.it appears the players test the patience of the traders ahead of NFP.But their intention is to make more gains in EURO,GBP and USD/YEN.
Hope the dip during start of European session gave the chance to long EURO and GBP.
now start of mid European session
you can see in the live market quote page
EURO shwoing negative net change and GBP showing positive net change
GBP and USD/YEN showing positive net change
GBP and USD/CHF showing positive net change
AUD and USD/CAD showing positive net change
therse are the contrarian moves they are making to handle…Continue
Added by Dr. Sivaraman on November 1, 2012 at 9:02am — No Comments
Hi fellow traders:
I am happy to announce that fxstreet has asked me to give market forecast and readings as frequent as possible as updates on daily basis..I am delighted and oblighed to give you my derived forecast and my market readings and also answer the questions asked by traders from time to time - as a small help in your trading decision times..If it is useful you may continue to follow or just ignore when found not appropriate…Continue
Added by Dr. Sivaraman on November 1, 2012 at 6:53am — No Comments
yesterday EURO and GBP have gained nominally and holding the gains during japanese session.
They are expected to firm up during late japanese session.
During European session they are expected to firm up and gain slowly as intentional move.
swing and rise moves are expected during US session.
It is month end time the market may suddenly gain momentum to trigger the derivative market - trade with care using your other market analysis methods…Continue
Added by Dr. Sivaraman on October 31, 2012 at 5:35am — No Comments
Deutsche Bank - "For now, our G10 regional strategists retain their bullish euro and bearish sterling stances. Similarly, they like AUD against CAD and NZD (the latter particularly after the RBNZ governor’s first speech) so long as the Chinese data hold up. They anticipate a turn-up in the Swedish data and target 8.75-8.80 as the ideal zone to sell EUR/SEK. Finally, they reiterate our 82 year-end target in USD/JPY, but caution that the path to get there is unlikely to be straight."
Added by Francesc Riverola on October 29, 2012 at 12:49pm — No Comments
29th oct -02nd Nov - this week shows the month of october gets over and the start of the new month.During such weeks the market is known to show very volatile moves and ideal for quick swing trades and may not be suitable for position trade.
aslo in this week day light saving system is off in Europe and UK.So there is change in the timings to be followed
Japanese session: 00:30 -07:30 GMT
gap time : 07:30-08:00…Continue
Here is the turning points for majors,(29 Oct - 02 Nov) 2012
For more details about how to use these levels, read this blog:…Continue
EURO and GBP made the slow gaining moves during start of Japanese session and firmed up above initial high towards close of thye session.
Slow gain and breaching of the highs indicate that they are making upward gaining moves for 2 sessions.
Swing and rise moves are expected during European session.
After brief volatile moves during start of the US session ,further gaining moves may be seen till close for the day.
USD/YEN may also gain as contrarian move to rise…Continue
Added by Dr. Sivaraman on October 25, 2012 at 8:12am — No Comments
Market awaits for the out come of FOMC meeting and announcements (18:15 GMT)
In the mean time players are making contrarian moves to handle the crosses and range bound moves in majors in thin volume condition.
EURO drop and GBP rise is to drop EURO/GBP.
After handling the crosses during mid European session they are expected to make gaining moves in EURO and GBP towards close of the session.
During US session a small dip they may make and then slowly rise before…Continue
Added by Dr. Sivaraman on October 24, 2012 at 11:30am — No Comments
Euro and GBP made more of consolidation and firm up moves yesterday along with USD/YEN as contrarian move.Today during early Japanese session they all made the dip to firm up towards close of Japanese session.
A dip followed by quick rise may be seen during European session
Swing and rise moves are expected during US session.
Added by Dr. Sivaraman on October 23, 2012 at 6:36am — No Comments
On Friday 19th Oct, EURO , GBP and AUD made the slide ,USD/YEN and USD/CAD gained the levels against the expectations.That may be due to traders made the higher level short covering and turned long .Any how we will review the expected market moves for today the week beginning time.
During Japanese session after brief downward move ,EURO and GBP gained the levels and gone above initial high set around 03:30 GMT.
Now USD/YEN is also showing the positive net change from Friday…Continue
Added by Dr. Sivaraman on October 22, 2012 at 5:56am — No Comments
Here is the turning points for majors, the week (22 Oct - 26 Oct) 2012 !
For more details about how to use these levels, read this blog:…Continue
EURO , GBP and AUD have gained levels along with USD/YEN now as per the expectations.they are expected to alternatively gain move to gain levels in their respective crosses.As a result their crosses are expected to gain more during the day.
During Japanese session lower level swings, around the low set for the day, may be seen .
European session may show quick gaining moves
Initial volatile moves followed by quick rise may be seen during US…Continue
Added by Dr. Sivaraman on October 18, 2012 at 3:11am — No Comments
Yesterday for week beginning the market was mostly subdued.Today the market is expected to make eitherway stop hunts before making good gains from tomorrow.
Swing and slide moves may be seen during Japanese session
A quick dip and rise moves may be seen during European session
swing and firm up moves may be seen during US session.
During the sideway moves of numerator currencies the denominator currencies are expected to gain…Continue
HSBC - US: QE = USD negative
Eurozone: QE = EUR positive
Japan: QE = mild JPY positive…
Added by Francesc Riverola on October 15, 2012 at 1:50pm — No Comments
During start of the day (early Japanese session) a quick rise and drop happened as week beginning false move to hit the stops eitherway.
Swing and firm up moves are expected during late Japanese session
swing and rise moves may be seen during early European session followed by swings around the high.
Swing and firm up moves are expected during US session.
Tomorrow eitherway stop hunts are expected before the gaining moves from wednesday.
watch the market…Continue
Added by Dr. Sivaraman on October 15, 2012 at 4:29am — No Comments
I've been using these techniques for almost a year, based on Fibonacci , high and low and momentum indicators, anyway I hope it would help intraday traders improving their performance !!!
Important points and notes:
More of narrow range consolidation is seen from yesterday US session.
We could see some firming up move during late Japanese and early European session.then a quick drop could be seen during late european session but again could firm up during close of European session.
swing and quick rise moves may be seen during US session.Volatile moves may create uncertanity but the players are making dips and buying from sells and give back to higher level emotional buyers.Near low or…Continue
Added by Dr. Sivaraman on October 12, 2012 at 5:41am — No Comments
Better-than-expected French and Italian Industrial Production data lent support to the Euro in the previous European trading exchanges. Meanwhile, the Pound turned lower versus the Pound 2 days after the International Monetary Fund cuts its growth forecast for the UK economy, and said that the Bank of England would have to expand its monetary stimulus. In today's European trading exchanges, the single currency is expected to decline against the Sterling as Spanish and Greek worries are seen…Continue
Added by Aviv Shapiro on October 11, 2012 at 7:54am — No Comments