Comment by Roshan Naidu on July 26, 2011 at 9:21am

Dear Doctor, do you think the low for the week has been set in usdchf at 0.7998 ? i.o.w. can we expect rise from now on ?

thanks Doctor

Comment by Dr. Sivaraman on July 26, 2011 at 9:35am

dear Roshan

the extreme stop hunt the downside is done it appears .still hedging order below market will help us to limit the risk during month end extreme market moves time.

Regards

dr.sivaraman

Comment by manan shah on July 26, 2011 at 10:48am

hello dr,

 

what do you expect from GBP,EURO and NZD.. to rise more or you are expecting pull back?

 

thanks

 

manan

Comment by prince NG on July 26, 2011 at 10:50am

Sir,do you see them breaching the High in GU later today,or do we expect a likely turn from here till weekend?

Comment by Dr. Sivaraman on July 26, 2011 at 11:20am

Dear manan

it is last week of the month- the players mayaim to get the maximum profit out of the market moves.Hence we see the volatility increases during this time .Euro has come below initial high,still GBP is above the initial high - currently EURO/GBP is being handled.We may see more slide in EURO and that may drag down  GBP and NZD.

Regards

Dr.sivaraman

Comment by Dr. Sivaraman on July 26, 2011 at 11:22am

Dear prince

more chances are there for a slide today.Tomorrow may be drops.

Regards

Dr.sivaraman

Comment by prince NG on July 26, 2011 at 11:23am

Thanks for your response

Comment by Rajanna Raji on July 26, 2011 at 12:35pm

Dr.
Since three months the month end moves of Euro are showing a rising trend reaching a fresh high every time, and fall/drop happening during the last two days of the first week of the next month. Why you think that it has to change now? Will the Euro reach a new high this month also?

Comment by Dr. Sivaraman on July 26, 2011 at 12:56pm

Dear Rajanna

yes your observation is correct.but there is no rule to repeat the same every month,right.

But month end and new month beginning time they are expected to make either rise first and drop later or drop first and rise later.

there is a likely chance in Auguest there may be rise of 500-700 pips - to achieve normally they make lower level consolidation and downward stop hunt moves to accumulate short and discourage long positions taken by the traders.Now you may notice many intend to take long when there is some dip or drop.Markt moves are earning process for the big traders and players unless otherwise there is political compulsion to strengthenor weaken a currency.

So with open mind we will try to watch the market during such monthly trend reversal time and try to understand whom the players target - the long holders or short sellers who are predominant in a given time.

Regards

Dr.sivaraman

Comment by manan shah on July 26, 2011 at 2:42pm

hello dr

 

where do u see usd yen..?

 

thanks

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