BOE and ECB triggers

Now market is making lowel level consolidation.

BOE rate announcement time 11:00 GMT, ECB rate announcement time 11;45 GMT the market may make some volatile moves between low and high.12:30 GMT ECB press conference is expect to give some trigger to the market - EURO and GBP may slide after that.

US session is expected to show swing and slide moves for the day.

Regards

Dr.Sivaraman

Tags: BOE, ECB, EURO, GBP

1 member likes this

Comment by Bassam A. Muhammad on July 7, 2011 at 8:22am: Hello Dr,

Another forcast state that

(Today all shall wait for Mr.Trichet press conference which is going to be broadasted @ 2:30 pm CET. If he signals there will be another rate hike till the end of this year, we are going up again and maybe over 1.45. If he is dovish EUR will go further down maybe to 1.4060 and even below)

so it gives itself probabilities and forcast protection, but yours goes in one direction regardless of the conference, it will SLIDE , amazing that you can see that now :)

Regards,

Comment by fammira on July 7, 2011 at 9:00am: In case of streght, be ready to short from 1.4460 to 1.45

Should be hard to breach those levels again

Comment by Dr. Sivaraman on July 7, 2011 at 12:38pm: Dear bassam

To my understanding the forecast is expected to give to certain extent the clear market trend and directions.either way potency may only increase the uncertainity.

Regards

Dr.sivaraman