US ($) Currency Thread 1 (closed - use thread 2)

inspector_monkfish

inspector_monkfish wrote: »

there are more important US figures due at 1.30pm today
to do with Employment costs and GDP
so it may sit steady until then around the 1.4280 to 1.4300 level

ok, the figures came out better than expected in favour of the US
'hinting' that their economy is bad, but not as bad as they thought....

slight down side to Cable at the moment, whilst the markets take time to analyse and digest the information...


currently 1.4275

inspector_monkfish

massive spike up to 1.4345
trying to find out why...

inspector_monkfish

just touched 1.4380, then drifted lower..

its really having a go at the all important 1.4370 level as the week draws to a close..

glenandemm

i just checked fxstreet.com live chart and its into the 1.44's!

inspector_monkfish

thats it.... we are comfortably through now
well over 1.44.....

in the words of the great market guru of the 90's.... Yazz....

THE ONLY WAY IS UP.....

trading at 1.4415 right now

inspector_monkfish

just tested 1.4470
fallen back a bit now to 1.4430

needs to attack 1.4500 before the week is over...

inspector_monkfish

ok, looks like we are ending the week at the 1.4415 level
not a bad week!

gotta feeling its going to fly next week... looking 1.50.... all aboard !!

Bank of England rate decision on Thursday also
prob going to cut it from 1.50% to 1.00%

spitfirebbmf

GBP/USD hit 1.4469 resistance today (max resistance of 1.5372)

The BOE decision next week (with fairly moderate economic data in the pipeline until then) might make some difference to the current positive outlook.

However, this should not be taken for granted, as recently BOE decisions have actually led to a rise in GBP/USD.

Keep up to date at Pound to Euro all the latest news and views and daily updated video on the currency markets

veggie4life

1.45 !!! I wasn't expecting that !!

$1.50 next week i reckon !

dealsearcher

inspector_monkfish wrote: »

Bank of England rate decision on Thursday also
prob going to cut it from 1.50% to 1.00%

That would be bad move. Real interest rates and fees for small businesses and others are moving very little. In fact overdraft fees are going up. Credit card rates are actually moving higher aswell. Yet savers are losing out and the pound is going to be knocked further. Good for exports? Shame that our manufacturing industry has been decimated. So overall a bad move if it is down.