Market means swings
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.
Regards
dr.Sivaraman.
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Comment by dev on July 12, 2011 at 1:05pm -
Gr8 analysis and advise...thanks Doc
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Comment by ATF on July 12, 2011 at 1:24pm -
Thanks Alot Doc
Your efforts are highly appreciated.....
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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
thanks
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Comment by dev on July 12, 2011 at 1:29pm
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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..
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Comment by Greg on July 12, 2011 at 1:45pm
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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.
Regards.
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Comment by Sundaram on July 12, 2011 at 3:23pm -
Dear Dr,
Since EU and GU had risen as per your expectation, what can we expect after FOMC minutes?
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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.
Regards
Dr.Sivaraman
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Comment by SAAJITH GANGA on July 12, 2011 at 4:29pm -
Dear Doc,
After FOMC do you expect YEN crosess also will slide?
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Comment by ATF on July 12, 2011 at 6:19pm
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Doc kindly suggest how much higher Gold is expected???
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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... ;)
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