US ($) Currency Thread 2

TheEssexlad

My daughter works for a US company and is paid in $ , what is the best way to transfer a large sum to a Uk account and get a good exchange rate deal ?

sabretoothtigger

https://www.youtube.com/watch?v=m9E6eJSN-Kc

As far the exchange rate I thought I'd post a video I just saw on this fateful day, discussing cross to euro dollar and yen

Its a trading video, lots of charts but I often just listen to it in the background as the graphics arent essential and can resemble a plate of spaghetti for clarity




Price is very political at the moment. My observation long term on Dollar is whether its currently putting in a lower high which would lead us into a trend of weaker dollar.

Previous high was post US election and current high is from tariffs favouring the larger trading section which is currently US dollar.
The idea is this starts a larger then normal negative trend that will exceed the Jan 18 low etc.

https://www.marketwatch.com/investing/index/dxy

brianposter

TheEssexlad wrote: »

My daughter works for a US company and is paid in $ , what is the best way to transfer a large sum to a Uk account and get a good exchange rate deal ?

Learn a bit about foreign exchange and open a forex trading account.

snickpan

I've read few pages, seems a bit stock markety.
What is the best way to spend money in New York, end of March. Change here, change there, or is there a bank account that doesn't charge for transactions or withdrawals in US?

jackieblack

snickpan wrote: »

I've read few pages, seems a bit stock markety.

Because this is a thread for discussing currency trends and fluctuations

snickpan wrote: »

What is the best way to spend money in New York, end of March. Change here, change there, or is there a bank account that doesn't charge for transactions or withdrawals in US?

I usually withdraw a small amount of cash on arrival (if I don’t have any left from a previous trip) using a fee free card and use fee free credit cards for everything else.

For info on overseas spending, try here
https://www.moneysavingexpert.com/credit-cards/travel-credit-cards/

sabretoothtigger

Long time no post but I feel obliged to raise the flag on a possible trend change or break of the negative trend in Sterling.
Been watching it recently as I have an interest to do so as many prices are affected.

I'am quite bullish on sterling from here, its still quite low and theres much room in the last 9 years of losses.

I've no idea how this fits into overall news, of course USA has it own news and I've heard Dollar stated as strong right now indexed - DXY



Look at cable prices for two years ago I think as a target, that'd be big from this years lows. Then it might develop from there though technically its still within a negative channel.

If we dont hold 1.3 weekly close for rest of this year I would guess its invalidated

sabretoothtigger

Election high was the peak price in 2019 but now Im commentating because we are right now back to a similar place.   Its a trend that goes back many years at least how I've drawn/view it so breaking upwards past that negative trend should confirm a good rise.   I dont know that happens, but quite a pivotal place.   1.34 up or down.

Nothing wrong with a simple measured take but this guy I've followed for years ties many points together - https://ashraflaidi.com/forex-news/unceasing-enthusiasm

sabretoothtigger

https://www.youtube.com/watch?v=sAc__N3MF64

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