Now we may see EURO gaining most of today's losses while GBP making nominal gains.USD/YEN and USD/CHF are making downward swings and stop hunts to really testing the patience of the traders interested in them and their crosses.This is the way players make swings in the market when traders think that pull back may not be possible in EURO,further drop may not be possible in denominator currencies,even though the dip in them are just  30-60 pips.Hence I request small traders to trade only in EURO and GBP as they are bound to make either way swings because of better volume. 

After US trade deficit release ( 12:30 GMT) there might be a quick drop in EURO and GBP to recover again during US session ahead of FOMC minutes.

Always keep in mind market means swings- the players cannot make drop unlimited as they have the daily and weekly limitations.



Views: 48

Comment by dev on July 12, 2011 at 1:05pm
Gr8 analysis and advise...thanks Doc
Comment by ATF on July 12, 2011 at 1:24pm

Thanks Alot Doc

Your efforts are highly appreciated.....

Comment by Zaide Ziervogel on July 12, 2011 at 1:28pm

Hi Doc

Keep up the good work!!!


Daily limit +/- 250  Euro


Weekly limit +/- ? euro



Comment by dev on July 12, 2011 at 1:29pm
Dear Doc..Do you think after FOMC minutes USD can go up if yes then why because FED is not going to increase the interest as understood..OR fed wants doller depreciation..
Comment by Greg on July 12, 2011 at 1:45pm

AUD/USD has retraced with Cable and EUR/USD. Do you think it will also open high tommorrow to stop hunt up or continue lower again?


Thanks for your insight.



Comment by Dr. Sivaraman on July 12, 2011 at 3:38pm

Dear dev,Greg and sundaram

After FOMC there may be small volatile moves and slide moves in euro and gbp.Euro may slide more than GBP to handle euro/gbp.

Tomorrow Japanese session current higher level  the swings and slide may be seen.



Comment by SAAJITH GANGA on July 12, 2011 at 4:29pm

Dear Doc,

   After FOMC do you expect YEN crosess also will slide?

Comment by ATF on July 12, 2011 at 6:19pm
Doc kindly suggest how much higher Gold is expected???
Comment by jefe on July 12, 2011 at 10:22pm
I try and stay away from euro crosses... But every now and then an opp presents itself... check out daily V on EUR/CHF....WOW... ;)
Comment by ceasar on July 13, 2011 at 1:34am
Hi Dr. Pump and dump in Gold did not happen...what is expected for today in Gold and AUD/USD ?


You need to be a member of Forex Social Network to add comments!


© 2018   Created by FXStreet.   Powered by

Badges  |  Report an Issue  |  Terms of Service


Live Video