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US ($) Currency Thread 2
Comments
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Touched 1.62 briefly0
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1.6275 trading nowPlease take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
Was watching CNBC at 2am last night, as you do, and some "expert" was on saying to expect the dollar to continue to slide and the £ would hit 1.65 "in the next couple of days".
So, we're going below 1.60 again
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neilbond007 wrote: »Was watching CNBC at 2am last night, as you do, and some "expert" was on saying to expect the dollar to continue to slide and the £ would hit 1.65 "in the next couple of days".
So, we're going below 1.60 again
got up to 1.6298 earlier today
fell back to 1.6210
now trading at 1.6255Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
Email today from Torfx:
The Fisher comments sparked some further interest in the pound today, and the rally gained traction as a full blown "short squeeze" developed over the course of Thursday morning. A short squeeze happens when speculators who have sold the pound in expectation of further declines are forced to re-buy the currency to close their bets and stem losses. This situation can develop with little warning when large numbers of traders are caught "offside" when a market turns unexpectedly. That is what we are seeing today.
There is still some debate over whether the BoE may extend so called "QE" at the November meeting, but traders will be focussing on next week's release of the October meeting minutes to get a real view of how that debate is looking inside the BoE.
The technical outlook is much improved as long as we can sustain today's gains into the weekend. In last week's update we said that sterling needed to capture 1.6126 to effectively reverse the slide. That box was ticked this morning, so we could be heading back towards the high 1.60s in due course. That's as long as we don't slide back below 1.5800 again.
Lets hope for a good weekend ( fingers crossed)New York ♥..........These street will make you feel brand new, Big lights will inspire you.
No place in the world that can compare ♥ 2nd October 2010 ♥0 -
Broken through what looked like a barrier just below 1.63.
Trading 1.6339 at the moment! 1.65 here we come0 -
neilbond007 wrote: »Broken through what looked like a barrier just below 1.63.
Trading 1.6339 at the moment! 1.65 here we come
got as high as 1.64 overnight
then fell back to 1.6250
currently trading at 1.6335Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
down to 1.6295Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
Watching this with great interest. Off to the USA in 2 and a half weeks. Trying to decide if we should get currency now or gamble & wait a while.In need of a new signature! :rotfl:0
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