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US ($) Currency Thread 2
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Who knows. If we did we could all make some money from it.masterwilde wrote: »whats the chances of the dollar getting to around 1.75 by march/april 2012?
I think the US might be in a bit of trouble and the pound could make good gains by november and carry through
If the US is in trouble then most of the world is in trouble. When this happens more often than not the Dollar gains strength.
I'm no expert but have been monitoring the GBP:USD rate for 3 years (since I knew I was moving out here). I'm none the wiser on what's going to happen in the future...0 -
If the US is in trouble then most of the world is in trouble
One day it'll be the opposite but Dollars are held sometimes as the only currency of countries so they work to support Washington with no vote. Its global empire enforced by trade
If it was USA only it'd be half as weak at least I think but no one dares break away by themselves including UK
1.56 and 1.565 are upside targets just to get back to August negative prices. We did already touch downside and markets naturally alternate the two, not expecting it much worse till we definitely fail to break above0 -
A good day for the GBP (so far). Up from 1.554 to 1.568 at present. Long may it continue!0
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Nice, no falter yet. 1.58 is breakout target then it can maybe stop falling like has for a month. This so far is a reflection of last weeks dive out of the 1.573 to 1.563 range
Sterling Index At 1500 GMT (JAN 2005=100) INDEX GBP/USD EUR/GBP PREVIOUS CLOSE 79.4 1.5654 0.8689 OPEN 79.3 1.5618 0.8709 10 AM 79.4 1.5675 0.8707 NOON 79.4 1.5641 0.8704 2 PM 79.4 1.5660 0.8704 4 PM 79.4 1.5680 0.8705 Contact London Newsroom, Dow Jones Newswires; +44-20-7842-9376 (END) Dow Jones Newswires September 29, 2011 11:00 ET (15:00 GMT)Late Spot Sterling Rates In London Current Bid-Ask Previous --------------- -------- U.S.A. 1.5646-1.5650 1.5679-1.5684 Euro 1.1483-1.1485 1.1525-1.1526 Switzerland 1.4010-1.4021 1.4045-1.4055 Japan 119.69-119.76 120.09-120.17 Canada 1.5996-1.6009 1.5975-1.5987 Norway 8.9939-9.0034 8.9807-8.9901 Sweden 10.5641-10.5739 10.5552-10.5648 Denmark 8.5432-8.5493 8.5736-8.5799 Source: ICAP (END) Dow Jones Newswires September 29, 2011 11:00 ET (15:00 GMT)0 -
It didnt breakout so its falling at the same rate as August still. 1.53 to stay above water and 1.57 to qualify as positive at all
BOE is maybe printing more notes offSterling Index At 1500 GMT (JAN 2005=100) INDEX GBP/USD EUR/GBP PREVIOUS CLOSE 79.8 1.5477 0.8577 OPEN 79.9 1.5461 0.8552 10 AM 79.8 1.5405 0.8562 NOON 79.7 1.5377 0.8573 2 PM 79.7 1.5376 0.8580 4 PM 79.5 1.5407 0.8618 October 04, 2011 11:00 ET (15:00 GMT)0 -
Ironically we got the QE and sterling rose. Strange thing that more money means a higher price but anyway the dollar is falling in general.
We have now in action the breakout scenario, its now not following the August decline.
If it can hold above 1.55 well enough and not decline as was expected then a recovery in sterling worth becomes possible and a reversal of the loss in value since August, etc
Upside targets 1.563 1.59
[Cable surged three and a half cents in 24 hours, which is abnormal. Conversely that makes this pullback & negative monday healthy, but it has to be relatively positive on a week view still ]Sterling Index At 1300 GMT (JAN 2005=100) INDEX GBP/USD EUR/GBP PREVIOUS CLOSE 79.6 1.5617 0.8640 OPEN 79.6 1.5604 0.8630 10 AM 79.4 1.5646 0.8671 NOON 79.4 1.5657 0.8679 2 PM 79.2 1.5633 0.8711 4 PM Contact London Newsroom, Dow Jones Newswires; +44-20-7842-9376 (END) Dow Jones Newswires October 10, 2011 09:00 ET (13:00 GMT)0 -
Pushed up to 1.5780. Looks like 1.5760 is a target that it needs to stay above.... Keep em crossed!0
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Am crossing everything!
Booked for January - damn annoyed with KLM/Delta offer. Showing at £374, but surprise, surprise - none available!Member #14 of SKI-ers club
Words, words, they're all we have to go by!.
(Pity they are mangled by this autocorrect!)0 -
pollypenny wrote: »Am crossing everything!
Booked for January - damn annoyed with KLM/Delta offer. Showing at £374, but surprise, surprise - none available!
I got 2 flights to Vegas with Delta for that price nxt March0 -
but it has to be relatively positive on a week view still ]
Its been very positive. 1.59 is the lowest prices from June and July. Euro has done great, I guess this relates to our own recovery as well as a major source of trading for us
Euro vs Dollar is reaching a good point where I expect it to stop gaining anywhere near as easily as it has done. I think 1.59 for Cable next week would qualify as very positive and its probably realistic to expect it to go sideways and confirm the gains we had this week were not false optimism
Merkel and Sarky announced some wonder plan for Nov so much speculation and movement surrounds that I guess (as trade growth is flat ?)
1.573Looks like 1.5760 is a target that it needs to stay above
1.563
1.55
If market were gloomy it could test lower rates and still ultimately rise, its optimistic right now thoughSterling Index At 1500 GMT (JAN 2005=100) INDEX GBP/USD EUR/GBP PREVIOUS CLOSE 79.4 1.5778 0.8724 OPEN 79.5 1.5785 0.8706 10 AM 79.4 1.5720 0.8705 NOON 79.5 1.5741 0.8703 2 PM 79.4 1.5724 0.8713 4 PM 79.0 1.5640 0.8749 Contact London Newsroom, Dow Jones Newswires; +44-20-7842-9376 (END) Dow Jones Newswires October 18, 2011 11:01 ET (15:01 GMT)0
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