US ($) Currency Thread 2

inspector_monkfish

Got this email this morning, not sure how true it all is, but I can certainly believe it.....

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Can you imagine working for a company that has a little more than 600 employees and has the following employee statistics:
.
29 have been accused of spouse abuse
7 have been arrested for fraud
9 have been accused of writing bad cheque's
17 have directly or indirectly bankrupted at least 2 businesses
3 have done time for assault
71 cannot get a credit card due to bad credit
14 have been arrested on drug-related charges
8 have been arrested for shoplifting
21 are currently defendants in lawsuits
84 have been arrested for drink driving in the last year

Which organisation is this ?

It's the 635 members of the House of Commons, the same group that cranksout hundreds of new laws each year designed to keep the rest of us inline.

What a bunch of b*stards we have running our country - it says it all.. And just to top all that they probably have the best 'corporate' pension scheme,in the country!!

inspector_monkfish

arf'noon all

1.5510 trading

inspector_monkfish

1.5590 trading y'all

logic500

1.5611 :-)

whatusername

Whats prompted the jump from high 1.54 to low 1.56 today IM?

Keith99

1.5625 :-)

inspector_monkfish

1.5615 trading now

http://www.youtube.com/watch?v=JvkbFc-th28

Keith99

inspector_monkfish wrote: »

1.5615 trading now

http://www.youtube.com/watch?v=JvkbFc-th28

No real reason for it then?

inspector_monkfish

14:56 20May09-Sterling extends gains, hits 5-month high above $1.56

LONDON, May 20 - Sterling extended gains against the dollar on Wednesday as it broke above a key technical level.

Sterling rose as high as $1.5615 <GBP=D4>, breaking above its 200-day moving average around $1.5550/55, the first time it has done so since July last year.

Traders say the break above this level, which takes sterling to its highest level in five months against the dollar, could pave the way for a move towards its mid-December high around $1.5724.

inspector_monkfish

whatusername wrote: »

Whats prompted the jump from high 1.54 to low 1.56 today IM?

14:59 20May09 GBP/USD: Buoyed by US Bank Buying & Tripped Stops

[13:59 GBP/USD: Buoyed by US Bank Buying & Tripped Stops] London, May 20.

US bank demand, and batches of tripped buy stops, have helped propel cable to a fresh five-month high of 1.5622 as the USD wilts across-the-board. The pound is benefiting from increased risk appetite, with the Dow up 88 points last.

GBP/USD bull targets include 1.5650, 1.5700, 1.5724 (Dec 17 high), 1.5750 and 1.6000. A fund bought an estimated GBP 500mn 2-week 1.5700 GBP call/USD put option (June 2 expiry) yesterday, and there is talk that some option-related supply may emerge ahead of the strike level if it is threatened.

1.5600, 1.5575 and 1.5553 (200-day moving average) are now support points. Buy stops were tripped on the break through all of those levels. 1.5525 was yesterday"s high.