Last week -03-07,March 2008 -forex market reading…..

When all traders were keeping away from market for BOE and ECB interest rate announcement,expecting big spikes,the market reacted nominally for the same and traders were looking for NFP data from US for the week end.When the data was much negative to USD traders jumped into buy other majors.But sensing the same operators quickly reversed the market as a big suprise for the traders and corrected other majors.Actually the operators only made the pump up move for the data and later dumped their holding positions in a big way when all traders were ready to buy other majors.

Now coming week their intentions will be revealed.They are expected to swing other majors for week beginning and then slide for rest of the weeks in this month.

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