US ($) Currency Thread 2

sabretoothtigger

Mid september it failed to get 1.65 back. So its weak, short term, daily view also.
Maybe sideways at 1.6 but trend appears down till it proves otherwise, failing that 1.5

Previously BOE mentioned raising rates but failed to do so, now FED is doing similar and likely fails to raise rates also. So news will fit change I guess

sabretoothtigger

Sterling most uncertain since Scottish vote apparently.

Dollar very strong as mentioned, people still expect their FED to raise rates and ECB on the other end of the global scales is doing the opposite and UK somewhere in the middle of the two


http://www.cityindex.co.uk/market-analysis/market-news/36899482015/ppi-reminds-the-fed-sterling-extends-tumble/?cid=0000215115

FEDERAL RESERVE POSSIBLE RISE IN INTEREST RATES

Jim has been saying since 2014 that the Fed would not and could not raise US interest rates in 2015.

I agree the FED is as hardline as a marshmellow, only a change of the board would drastically alter things. So dollar will fall
http://elainedianetaylor.com/2015/03/13/3-min-gold-news-jim-rickards-gold-chronicles-march-13-2015/

sabretoothtigger

http://t.co/wfFgT2dOoz

winston_1

On a recent visit to NY I found most ATMs including the major banks charge around $3 to withdraw money on a UK card.

However the ATMs at the airport are free and I found downtown the ATMs of TD Bank are free. There may be others of course.

ordnancesurvey84

In my recent experience, banks which do not charge for ATM withdrawals when using my Norwich & Peterborough debit card include: TD Bank and Citizens Bank.

sabretoothtigger

Expect Sterling weakness to continue though I read Goldman sachs for UK has only 5% negative outlook with market fears overdone.

Dollar index is flat on the year though still elevated due to their expected and delivered rate rise, tiny as it was




http://i.imgur.com/Pfw6xZg.jpg

jackieblack

Would you expect the election in November to have much effect on the exchange rate?
Would it depend on the outcome?

sabretoothtigger

The US election, my personal opinion is no because I think whoever is president will be quite similar in what they can and cant do. The overhang from previous presidents seems massive to me and all that money borrowed must be managed so their hands are tied.
Perception counts for alot though, if market really believe a big shake up will occur they'll move the price before news. I think the FED has more influence (due to the debt)

Also US dollar is really a pawn for world trade so its not even self determined in some ways.


A better source would be to skim this news feed for general opinions - British pound exchange (vs dollar)
http://stocktwits.com/symbol/FXB?q=fxb




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4. Pre-approved 0.5% cashback card with cheap spending overseas. The easy-to-get Aqua Reward card gives 0.5% cashback on all spending, and no 'load' when you spend abroad, so you get the same near-perfect exchange rates banks get - smashing bureaux de change.

It makes the best buys for cashback and overseas spending, but has a nasty 34.9% rep APR, so repay IN FULL each month to avoid it. And beware ATM withdrawals as you pay interest on them, even if you clear in full, plus a 3% (min £3) fee. Thus it's far better to use it to spend on abroad, than to withdraw cash.

How does it stack up? It's the only open-to-all card that does both cashback and cheap overseas spending. Yet for each separately it can be beaten.

- Overseas spending: The Halifax Clarity* and Creation Everyday* also have no 'load', but crucially have far lower overseas ATM charges and just 18.9% and 12.9% rep APRs. For full odds & info use the Travel Card Eligibility Calc.

https://creditcards.moneysavingexpert.com//travel?_ga=1.140657010.156936396.1454916654

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jermyn

Going to Vegas in 5 weeks and can't decide whether to take all in dollars or some for incidentals and put everything else on plastic. I have the Santander zero cc which is supposed to be good. Any advice would be appreciated .

PeacefulWaters

Plastic all the way.

Take back up cards too.