US ($) Currency Thread 2

inspector_monkfish

09:44 03Jun09 GBP/USD: Weighed Down by "No Alernatives to USD" Comment

[08:43 GBP/USD: Weighed Down by "No Alernatives to USD" Comment] London, June 3.

Cable has dropped to test 1.6580 on the back of the Reuters-reported comment that "there are no alternatives to the USD as main reserve currency, India, Japan, South Korea officials say". 1.6580 was the pullback low from an early Europe high
of 1.6658.

The Kremlin yesterday touted a "supra-national currency" as a subject for discussion at the BRIC summit which will take place in Russia on June 16. Last Thursday, a Brazilian official was quoted on Reuters saying that the role of the USD would be debated at the BRIC summit.

1.6651 was the traded high on the back of May"s forecast-busting UK service
sector PMI.

whatusername

TC are like cash but with a bit of security IMO and i always like to know how much i have left rather than how much i've spent. Like i said earlier it's personal choice and no answer is wrong except for someone who takes all cash.

whatusername

inspector_monkfish wrote: »

09:44 03Jun09 GBP/USD: Weighed Down by "No Alernatives to USD" Comment

[08:43 GBP/USD: Weighed Down by "No Alernatives to USD" Comment] London, June 3.

Cable has dropped to test 1.6580 on the back of the Reuters-reported comment that "there are no alternatives to the USD as main reserve currency, India, Japan, South Korea officials say". 1.6580 was the pullback low from an early Europe high
of 1.6658.

The Kremlin yesterday touted a "supra-national currency" as a subject for discussion at the BRIC summit which will take place in Russia on June 16. Last Thursday, a Brazilian official was quoted on Reuters saying that the role of the USD would be debated at the BRIC summit.

1.6651 was the traded high on the back of May"s forecast-busting UK service
sector PMI.

Intestesting reading that but realistically nation wide the USD will probably always remain the main reserve currency.

inspector_monkfish

whatusername wrote: »

Intestesting reading that but realistically nation wide the USD will probably always remain the main reserve currency.

... and possibly even worldwide...

whatusername

inspector_monkfish wrote: »

... and possibly even worldwide...

...eh aye that too

inspector_monkfish

10:21 03Jun09 GBP/USD: Show of Support for the Greenback Continues to Weigh

[09:20 GBP/USD: Show of Support for the Greenback Continues to Weigh] London,
June 3.

Cable has just plumbed a fresh intra-day low of 1.6515 as the greenback continues to benefit from the Reuters-reported show of support from "India, Japan, South Korea monetary officials". This came in the form of the comment that "there are no alternatives to the USD as main reserve currency".

1.6500 (a former option barrier level) is a sterling support point. 1.6497 was Monday"s high. 1.6324 was yesterday"s GBP/USD low (and the pullback low from 1.6497), which was plumbed ahead of the disclosure of a decent 2.3 times cover ratio for the 2049 gilt auctioned by the DMO (the prior 2049 gilt auction, on March 25, failed).
The results of this morning"s GBP 3.5bn 2019 DMO gilt auction will be revealed circa 09:35GMT.

inspector_monkfish

DJ MARKET TALK: Where GBP/USD Setbacks Could Occur

0851 GMT - The GBP/USD charts suggest a test of the 50% Fibonacci
retracement target of 1.7329 before a bigger setback occurs says RBS. Closer to home a break below hourly trendline support at 1.6481 would signal a loss of upside momentum, but only below 1.62 would call for a deeper setback toward 1.5792 [38.2% Fibonacci level. RBS says as long as this level is defended, the overall uptrend remains intact. GBP/USD now at 1.6567. (GST)

DickyP_2

currency express offering 1.895 to the pound!! Site very slow, I'm ordering and I have no plans to go back over yet!!

inspector_monkfish

DickyP wrote: »

currency express offering 1.895 to the pound!! Site very slow, I'm ordering and I have no plans to go back over yet!!

that has to be wrong !!

for which delivery date?

DickyP_2

Now, that's what I thought it but it's live on the site. Got to it via travel money maximiser.