Added by mcapitalmarkets on June 10, 2011 at 5:40pm — No Comments
After the yesterday drop EURO and GBP are making nominal swings to attact buy orders from the short sellers ,then slide further.
Japanese session may show swing and slide moves in them.
Duriing Early European session a drop and some swings may be see during late European session.
US session may show swing and slide moves for week end.
Week beginning false move may be a slide during next week.
Added by mcapitalmarkets on June 9, 2011 at 10:30pm — No Comments
After ECB press conference the slide4 is seen in EURO and GBP.Slow swing and slide may continue.
Today 09th Jun a series of events are expected to happen from 11:00-12:30 GMT.
11:00 GMT - BOE interest rate decision,asset purchase facility and MPC statement
11:45 GMT - ECB minimum bid rate
12:30 GMT - ECB press conference,US trade balance and unemployment claims
The traders are known to wait for the last event to happen before making commitment in the market.That may influence the market moves.
Expected market moves for…Continue
When EURO and GBP are shwoing negative net change since start of japanese session,AUD is moving ahead with more than 75 pips negative net change.GBP is also showing around 75 pips negative net change.We know the commodity pairs lead the rally and lag behind.later lead the otherway rally.Now global worries will be talked about as the players want to slide EURO and GBP after the short covering episode.
Added by Dr. Sivaraman on June 8, 2011 at 9:06am — No Comments
EURO and GBP are making higher level consolidation.
They are expected to swing and slide during japanese session.
Swing and slide moves may be seen during European session.
US session may show swing and drop move for the day.
the initial highs and lows set by 03;30 GMT are not being breached in any pai indicating thin volume condition prevails in the market.USD/CAD and AUD are showing USD gaining move in their netchanges.
excepting usd/yen other majors are…Continue
EURO,GBP,USD/YEN and USD/CHF are all showing positive net change,USD/CAD and AUD are showing negative net change - the contrarian moves are to handle the crosses.
During Gap time before US session a false move of rise upto high was seen in EURO.So first 30 min of US session is expected to show the slide.Swing and slide moves may be seen in this session.
EURO and GBP formed the initial high and breached themnominally by 20-30 pips during late Japanese session.BUT AUD breached the initial high and then dropped to breach the initial low and staying below initial low.USD/CAD and AUD are showing negative net changes since early japanese session indicating the contrarian moves are in play.EURO,GBP and USD/YEN are showing positive net change to gain levels in YEN crosses.Considering the moves there may be swing and slide moves during the…Continue
EURO and GBP made the higher level consolidation without breaching the initial high during European session.Now during US session start a small firming up move is seen.If they fail to breach the initial high for 30 min from session start (till 14:00 GMT) the slide move may happen with moderate phase or speed.
they may slide after handling the crosses making some contrarian moves.
EURO and GBP are making higher level consolidation.The initiaql high or low are not breached from European session start .Swing and slide may be the next move.
After the rise in EURO on Friday a bullish feel is created in the market.But players are known to create the market sentiment and act against the traders.We can watch the market moves on Monday and probably understand.
EURO and GBP are expected to open flat and slide quickly during early Japanese session.After some swing and gain moves during late Japanese and early European session swing and slide moves may be seen during late European session.
US session may show some…Continue
market awaits NFP data release.before that when all currencies were holding only EURO made the volatile moves of 100 pips yesterday during US session.The bullish feel is being created by tha move in the market.Now every dip traders taken short are willing to cover their shorts and turn long.
expected market moves for today:
During Japanese session swing and firm up moves may be seen.
Quick drop may be seen during early European session followed by some gain .After NFP…Continue
After prolonged higher level consolidation for 3 days EURO and GBP started the slide moves.The slide is expected to extend for another day.
EURO and GBP are expected to swing and slide during Japanese session.
After brief upward move above initial high they are expected to swing and slide during European session.US session may show swing and drop move for the day.
After handling the denominator currencies on the downside there may be some gaining moves…Continue
it is new month - June- and mid week.instead of eitherway moves the market may show swing and selide during each session.
Euro and GBP are expected to swing and slide during Japanese session.
The swings may be nominal initially and the slide may be moderate during European session.
US session may show very nominal swing and further slide for the day.
After handling the crosses from today the players might focus on the majors.So EURO and GBP may breach the initial…Continue
When EURO is holding above initial high ,GBP is making the slide below the psychological level 1.65.We know GBP is the currency the players use to create market sentiment.
EURO/GBP is making the upward move because of contrarian move.Euro is expected to follow GBP way from mid European session after handling the crosses.
EURO made a quick rise during japanese session start and GBP followed nominally.USD/YEN also gained the level to gain levels in YEN crosses.A contrarian move where in EURO,GBP and USD/YEN are showing positive net change.USD/CHF is also slowly gaining the levels to make upward contrarian move opposite of the downward contrarian move of yesterday.
Expected market moves in EURO and GBP for today.
Initial volatile moves and slide during japanese session.
it is holiday in US.Still small swings in the middle levels are seen in most of the pairs.they are initial session start swings.The slide may be seen mid and late sessions.Now the net changes in majors and commodity pairs show nominal USD gaining moves.When the denominator currencies are held the numerator currencies may show slide to start with.Later the denominator currencoes are expected to gain more following the numerator currencies making USD gaining moves for the day.
Monday (30th May) - the given below is the expected market moves derived from the forecast algorithm.
it may or may not happen- still I am posting it here for those who wish to have the forecast before hand.I suggest traders to use it as an additional input for their trades if feel usable and those who want to reject can do so and give suggestions to improve it if they want to do so.
It is not trade recommentation and may be used to understand the collective behavior of the…Continue
EURO and GBP are making wide range moves - down and up and then down moves to hit the stops and to build higher level sell positions by the players.
EURO and GBP are expected to swing and then slide suddenly during this session and continue the drop during monday as week beginning false move and also on Tuesday as month end move.