US ($) Currency Thread 2

inspector_monkfish

[08:57 GBP/USD: 1.60 Handle Reclaimed After Model Fund Buying]

London, January 8.

Model fund buying is being tipped as a factor in cable"s reclamation of a 1.60
handle for the first time in over 24 hours. Touted offers at 1.6030 and 1.6060
(yesterday"s peak, scaled in Asia) are appreciation obstacles. A 1.6000 option
strike is the closest-to-market expiry for today"s 10am Eastern NY cut
(15:00GMT).

UK December producer price inflation figures will be revealed at 09:30GMT.
Input prices are forecast down 0.2% month-on-month, up 6.5% year-on-year. Output prices are forecast up 0.2% m/m, up 3.1% y/y.

inspector_monkfish

13:37 08Jan10 GBP/USD: 1.6060 Offers Tested After Awful US NFP Number

London, January 8.

Cable leapt by more than half-a-cent to test offers at 1.6060 (yesterday"s
peak) on the back of December"s very disappointing US Non-Farm Payroll number.

This came in at minus 85k, compared to the flat consensus forecast. November"s NFP number was upwardly revised by 15k to +4k, with October"s NFP number downwardly revised by 16k to minus 127k. The US unemployment rate was 10.0% last month, unchanged from November. This was as expected.

GBP/USD buy stops reportedly reside above 1.6060/70, with further sell
interest then tipped at 1.6100.

inspector_monkfish

1.6110 trading

inspector_monkfish

1.6190 trading

sabretoothtigger

Some good discussion on Fed monetary policy, I figure its worth reading as its ultimately the differences between them and our BOE that make the exchange rate?

http://www.marketwatch.com/story/dollar-continues-to-slump-on-dovish-rate-comments-2010-01-11

M4RKM

what? $1.5925 for topping up my fairfx.... who's broken the exchange rate..

and I"m still grinning at that $1.7401 I got for my money pre ordered...

https://www.crowncurrencyexchange.com/content/cancelled-currency-contracts.asp

still some left at other rates...

inspector_monkfish

trading at 1.6165

emujuice

markymoo wrote: »

what? $1.5925 for topping up my fairfx.... who's broken the exchange rate..

and I"m still grinning at that $1.7401 I got for my money pre ordered...

https://www.crowncurrencyexchange.com/content/cancelled-currency-contracts.asp

still some left at other rates...

Is there an MSE guide to this sort of thing? the rates look good, I don't mind a gamble, but delivery is too late for me. Does anyone else do a similar thing?
Many thanks for the help

inspector_monkfish

1.6180 trading

nomad1972

emujuice wrote: »

Is there an MSE guide to this sort of thing? the rates look good, I don't mind a gamble, but delivery is too late for me. Does anyone else do a similar thing?

I was wondering the same. I'd love to take advantage of the rates and I don't need the money until August but I just feel a bit wary of giving a company £1000 to sit on for months. What if they go out of business?