US ($) Currency Thread 2

Wirral_Girl

Thanks for the hotel recommendation, I'll check it out. Pismo Beach is one of the places I'd like to stay.

Kim

sabretoothtigger

Moonchild wrote: »

Trends?

I was speaking to a currency trader socially last month, and he was predicting the death of the dollar.

neilbond007 wrote: »

Shot up to over 1.58 today.

Have a good weekend all!

These two may be connected.
The Federal reserve has indicated they'll be solving problems by producing more dollars.
The uk government is not following suit this time so far as Ive heard hence we get the rise this end and in time for some peoples holidays, lucky



Could we get 1.6045 next week? However this would not be much better then the recent high in August


http://img80.imageshack.us/img80/6712/img12854292788946928268.gif

http://www.ashraflaidi.com/forex-news/ wrote:

the US central bank has taken a closer step to another historical round of brand new asset purchases. As a result, the USD INDEX is breaking below the triple bottom of 80, hitting 79.50, which well below the 200-week MA. Short of any tightening from China or political/debt upheaval in Ireland, USDX appears to extend the move towards 78. As a trader, it is sensible to worry about Eurozones debt troubles, but do NOT let it cloud your judgement with stubborn positioning, while ignoring the important technicals unravelling in the market (EURUSD close above 200day) and the better than exp Ezone debt auctions and decent IFO surveys. This already happened in June when the euro bottom and subsequent recovery was triggered by robust Spain auctions and an onslaught of poor US data. Today, the bad US data has been replaced by the Feds dipping its feet into QE2. Shorts in EURCHF and USDCHF are worth exploring, as 0.95 and 1.29 for the medium term. GBPUSD breaks above key retracement level of $1.5740 for a possible $1.5980 next week, but swing traders may find opportunities from 1.5800 to 1.5750.

kefrif

Looking at what news is coming up this week, I am guessing there could be some volatility. Speaking as a rank amateur with way too much time on his hands, we have UK GDP QoQ and YoY figures, and U.S Consumer Confidence on Tuesday, and on Thursday U.S GDP figures too. I remember these tend to give the rate either a push or a hammering. Whats the guessing learned friends?

My guess is that we'll see only slight movement. I'd like to see $1.60, but we'll see, eh?

passportboy_2

Hey there guys...

Being one for a bargain, and following the old money saving mantra of 'fail to prepare, prepare to fail' I am looking at buying USD for a holiday next year - yes that’s right, next year...

I have seen the USD fluctuate quite a lot over the last few years and this has benefited me, and hurt me, had as high as 2.02 and as low as 1.36..!

So this time round I’m trying to make the best possible saving, and get the most for my GBP.

I hear that there are companies that will trade on your behalf, basically you enter a rate you want and when it hits that rate they buy - so if there is a crazy spike for 10mins you can cash in - but this sounds dodgy to me! Have you guys herd to these?

Also, if you were to be purchasing USD, what rate would you buy at - I know if we could all predict the rate a year in advance we would be rich, but some ideas would be great... Or like booking my flights, would you go last minute on this?

I look forward to your advice!

Dan

sabretoothtigger

The price wont spike more then 1% You're talking about the rough worth of 60m people who are mostly not speculating
The currency of a country has the momentum of an oil tanker, if it moves more suddenly to that degree then something is seriously wrong. Just a daily or weekly update here about covers the possible gains, it might go to 1.70 for a week and fall for the rest of the year

Usa has a weaker currency policy then the uk government did under brown I think so you could assume more rises from that difference

jackieblack

Just been reading about the problems with Crown Currency - I know several posters on here use them - hope no-one here is affected

neilbond007

jackieblack wrote: »

Just been reading about the problems with Crown Currency - I know several posters on here use them - hope no-one here is affected

ditto. Surely it's the equivalent of theft and people should get their cash back... but what do I know? (Before any smart ar535 answer that, it was a reto.. rhetol... rheetrol... a question I don't need an answer to )

inspect0r90

Not affected directly but deeply concerned as this has clear plummeted exchange rates. To imaging a few weeks ago euro was on the 1.20s and today we get it at 1.14 is worrying. It looks like the specialist press Beep Money and the big wires are also starting to investigate BBC, The Telegraph...

sabretoothtigger

Sterling Index At 1100 GMT
 
      (JAN 2005=100)     INDEX      GBP/USD     EUR/GBP 
     PREVIOUS CLOSE      79.9       1.5811      0.8694 
               OPEN      79.8       1.5795      0.8713 
              10 AM      80.0       1.5789      0.8664 
               NOON      80.2       1.5826      0.8650 
               2 PM 
               4 PM 
 

October 04, 2010 07:01 ET (11:01 GMT)

danielley

Bought at 1.533 from No1 Currency at a High St branch of Cash Generator today. Go on Friday so couldn't take advantage of any postal deals.

Happy with that price though.