US ($) Currency Thread 2

neilbond007

No updates for 10 days. Hang your heads in shame people!

Popped above $1.60 for the first time in a couple of months. Currently sitting at $1.6016. Come on... a couple of cents higher would be nice

scottishminnie

It seems to be holding ok just above the $1.60 mark. Is this the peak or will the small movement upwards continue - Sabretoothtiger and Neil - what do you think - you guys seem to have a handle on how this works?

neilbond007

scottishminnie wrote: »

It seems to be holding ok just above the $1.60 mark. Is this the peak or will the small movement upwards continue - Sabretoothtiger and Neil - what do you think - you guys seem to have a handle on how this works?

I wish... From what I read it was going to drop at the end of this week.
I therefore changed some money yesterday. The rate has jumped about 1c since then. Means I have $250 less than I could have!

scottishminnie

neilbond007 wrote: »

I wish... From what I read it was going to drop at the end of this week.
I therefore changed some money yesterday. The rate has jumped about 1c since then. Means I have $250 less than I could have!

hmmm - maybe I've missed the boat today. $1.67 is my preferred rate but I can live with $1.60. I'll check on Monday and if it's still there I'll buy some.

sabretoothtigger

I think 1.63 is my optimistic guess otherwise zero gains

1.67 is asking for more then a full reversal of the August falls. We're at 61% retracement now as it brokeout and delivered the goods.

To expect more gains now qualifies as greedy? Markets dont usually run in straight lines for that long

Im optimistic on pound more then dollar but a sideways week wouldnt surprise me as details on euro bailout is evened out. Euro value is at a ceiling I reckon & relates to UK

August friday prices both low and high is an optimistic target. Friday prices matters as a marker because it lasts for 3 days I think

This reflects nicely on Oct as every Friday recently has been very positive, so its a strong recovery. Without trade volume figures Iam just guessing obviously

1.66 previous election trend for a ceiling to this recovery
1.63
1.61
1.6
1.58

Dollar index is at its 2009 low already, losing that could be great for the pound

neilbond007

Dollar very strong the last couple of hours. Rate has dropped from 1.613 to 1.5980 in a couple of hours.

Dollar has gone from around 75 yen to 79 yen in an hour or so! The chart makes alarming viewing (If you're Japanese )
http://www.dailyfx.com/charts/netdaniachart/?symbol=USD/JPY

nicola_2011

I hadn't checked rates for ages and got excited reading it was moving up above the $1.6 mark, seems to be hovering there or there about. Bookmarked this thread, looking forward to keeping an eye on things.

neilbond007

Get ready for a whole boatload of disappointment, followed by elation, then sadness, glee and finally frustration.

sabretoothtigger

You make it sound thrilling :laugh: I think its more like dog chasing its tail

Sterling Index At 1600 GMT
 
      (JAN 2005=100)     INDEX      GBP/USD     EUR/GBP 
     PREVIOUS CLOSE      80.2       1.5971      0.8641 
               OPEN      80.3       1.5902      0.8598 
              10 AM      80.2       1.5953      0.8635 
               NOON      80.4       1.6017      0.8618 
               2 PM      80.5       1.5968      0.8572 
               4 PM                 1.5958 
 
Contact London Newsroom, Dow Jones Newswires; +44-20-7842-9376

(END) Dow Jones Newswires

November 03, 2011 12:00 ET (16:00 GMT)

Sterling Index At 1600 GMT
 
      (JAN 2005=100)     INDEX      GBP/USD     EUR/GBP 
     PREVIOUS CLOSE      80.7       1.6031      0.8577 
               OPEN      80.8       1.6042      0.8560 
              10 AM      80.8       1.6068      0.8565 
               NOON      80.8       1.6056      0.8571 
               2 PM      80.7       1.6075      0.8579 
               4 PM      80.7       1.6088      0.8582 
 
Contact London Newsroom, Dow Jones Newswires; +44-20-7842-9376

(END) Dow Jones Newswires

November 08, 2011 11:01 ET (16:01 GMT)

neilbond007

No updates for 10 days! Well, not too much happened. Dropped a couple of cents to 1.59.

Some good news though. I'm going to be a daddy, again! Bond Jr 2 is due May 25th. Less than 12 months after Bond Jr 1 was born. It's a well known fact that a man is at his most fertile in his late 30's