Bad NFP- USD weakening move/risk aversion move

NFP data is below market expectations.Traders expected upward rally in EURO and GBP when USD/CHF and EURO/CHF made the downward rally.But the players change played the trick now to make USD gaining move in the name of risk aversion.We need to understand this came to trade following the players moves.After NFP data release they gained the levels in EURO and GBP and AUD- but they did not do upward stop hunt above initial high  in them excepting GBP that they did to drop EURO/GBP.

USD/CHF drop in thin volume condition before NFP was mainly to create the USD bearish sentiments before hand.Now the players acted against the market sentiment.Nominal downward swings they may do during US session and keep rest of the drops to next week.In the process USD is expected to gain more in this month.

Regards

Dr.Sivaraman

Views: 490

Tags: AUD, EURO, GBP, USD/CHF.EURO/CHF

Comment by Gregor on September 2, 2011 at 1:55pm

Dear dr.,

last years dollar was rising only when stocks were falling (risk off). When do you think this can change?

Best regards,

G.

 

Comment by Jack Collins on September 2, 2011 at 2:05pm
Doctor, are you expecting USDCHF to continue to drop on Monday as week beginning false move?
Comment by fxsmith on September 2, 2011 at 2:36pm
doc, could be another upward stop hunt/quick rise regarding AUD? it has started to slide but it is lagging behind of other majors in terms of USD gaining move.
Comment by Dr. Sivaraman on September 2, 2011 at 4:23pm

Dear gregor

Such inverse correlations may be seen from 2013.

Regards

Dr.Sivaraman

Comment by Dr. Sivaraman on September 2, 2011 at 4:24pm

Dear Jack

only week end the pressure to induce long liquidation can be given- we may see continued rise in usd/chf and EURO/CHF towards close of this session and monday as well.We may not see false dip for another 3 trading days- time to trap short sellers.

Regards

Dr.Sivaraman

Comment by Dr. Sivaraman on September 2, 2011 at 4:25pm

Dear fxsmith

We may not see any big rise in AUD- it may lead the downward move quickly from monday.Now slow slide is to handle euro/aud and AUD/NZD

Regards

dr.Sivaraman

Comment by Shetej Gupta on September 2, 2011 at 4:44pm

Hello sir,

 

What about the metals XAU & XAG...?

You forecast that these will have USD gaining moves is proving out to be correct.

What next...?

Comment by Jack Collins on September 2, 2011 at 4:45pm

Thank you Doctor..

Best wishes,

Jack

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