US ($) Currency Thread 2

sabretoothtigger

Official trader dude talking about 'cable'
He figures roughly like me I think, if I see an optimistic view I'll post it

http://www.youtube.com/watch?feature=player_detailpage&v=_EzYLKoC9is#t=549s

Sterling Index At 1600 GMT

(JAN 2005=100) INDEX GBP/USD EUR/GBP
 PREVIOUS CLOSE 78.1 1.4896 0.8737
 OPEN 78.1 1.4895 0.8732
 10 AM 77.9 1.4853 0.8761
 NOON 78.0 1.4881 0.8743
 2 PM 77.7 1.4868 0.8790
 4 PM 78.0 1.4885 0.8748

March 12, 2013 12:01 ET (16:01 GMT)

sonicmouse

Looks like we're heading for a triple dip which means things can only get worse. Fail to see any light at the end of this tunnel unless we get some serious surprises in the budget.

sabretoothtigger

The darkest hour is just before the dawn. Its closer to the bottom then the top now, which seems bad but the negativity is reflected in the price ironically this makes it then more likely to rise.
Though I think down some more first, its positive right now:

The pound rose against the dollar on the back of Sir Mervyn King's comments on the real value of the currency. The outgoing Bank of England Governor said that the pound was now "properly valued", resulting in a 0.5% climb for the pound against the dollar to $1.5167. Against the euro the pound was also higher, edging up by 0.06% to 1.1603 euros. In an interview today Sir Mervyn said, "We are moving to a properly valued exchange rate. I think we are probably there.... we're at the same level we were after the impact of the financial crisis"

Over in Asia, Japanese Prime Minister Shinzo Abe announced that the country intends to join the Trans-Pacific Partnership (TPP), a US-led trade pact which encompasses 11 countries. According to government estimates, joining the TPP should boost the country's GDP by 3.2 trillion yen (22 billion pounds) as the protracted boost in exports would more than offset the negative impact of the floundering agriculture sector. Mr. Abe explained, "Emerging countries in Asia are shifting to an open economy one after another. If Japan alone remains an inward-looking economy, there would be no chance for growth."

[If you were holidaying in Japan actually its better now then for 3 years]

Sterling Index At 1600 GMT

(JAN 2005=100) INDEX GBP/USD EUR/GBP
 PREVIOUS CLOSE 79.1 1.5051 0.8623
 OPEN 79.3 1.5144 0.8607
 10 AM 79.3 1.5144 0.8619
 NOON 79.3 1.5157 0.8617
 2 PM 79.2 1.5142 0.8628
 4 PM 79.1 1.5134 0.8634

 March 15, 2013 12:01 ET (16:01 GMT)

maemaesmummy

sonicmouse wrote: »

This is not good at all not for me anyway! I was hoping to get a few hundred pound worth of dollars the day before we leave (Pay day!) and it seems to be getting worse.

Two weeks ago, $470 would of only cost me £300. I have a bad feeling that it will eventually keep on dropping and even reach 1.40.. :mad:

:eek: Not good for you.... Imagine you are wanting to change in excess of £200K into USD like me

neilbond007

maemaesmummy wrote: »

:eek: Not good for you.... Imagine you are wanting to change in excess of £200K into USD like me

I changed somewhere in the middle of your 2 values! I moved over here 4 years ago and spent 2 years watching the rate like a hawk. I changed my first lot of cash @ $1.51. Then got some at $1.70 and finally $1.64.

Seems the £ is making a bit of a comeback.. up to $1.513. Should be getting close to $1.50 for travel money I would have thought. Not great, but easy to convert the prices while over here

sabretoothtigger

Yep bit of a comeback but not much. Looking at the pattern it does bring a little hope if we hold this weeks lows.
However this is a holiday week which reduces confimation

1.5136, hold above here and its kinda similar to 2012/11 lows and so on. Could mark a bottom, still developing.
Personally Im not optimistic right now

Sterling Index At 1400 GMT

(JAN 2005=100) INDEX GBP/USD EUR/GBP
 PREVIOUS CLOSE 80.0 1.5111 0.8459
 OPEN 80.2 1.5158 0.8437
 10 AM 80.3 1.5163 0.8423
 NOON 80.0 1.5122 0.8471
 2 PM 80.0 1.5152 0.8468

March 28, 2013 10:00 ET (14:00 GMT)

sabretoothtigger

Sterling Index At 1500 GMT
(JAN 2005=100) INDEX GBP/USD EUR/GBP
 PREVIOUS CLOSE 79.8 1.5136 0.8488
 OPEN 79.7 1.5085 0.8502
 10 AM 79.8 1.5068 0.8490
 NOON 79.7 1.5054 0.8507
 2 PM 80.1 1.5116 0.8451
 4 PM 80.2 1.5179 0.8468

April 04, 2013 11:06 ET (15:06 GMT)

What the BOE says today is a big deal. Surprising strength for sterling for me so far, some people think it can rise here.
However it went to lower low today, still very trashy

jackieblack

What's going on?!:eek:
When I looked a couple of weeks ago the rate was rising nicely:T,
checked this morning and it's back where it started.....:wall::doh::wall::doh::wall:

pollypenny

I thought the governor of the BOE's comment would boost rate, but then unemployment figures were up!

Going end of June, do watching closely. The thread is very quiet now. What happened to Inspector Monkfish?

sabretoothtigger

Overall its still positive above 1.51. It was looking very negative, now its once again sideways, neutral