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

spitfirebbmf

Quotes like this don't help !

"The outlook for sterling remains one of weakness," Bank of America currency strategist David Powell said in London. "The data was not any worse than expected but the overall tone was still negative for the currency.":eek:

inspector_monkfish

spitfirebbmf wrote: »

Quotes like this don't help !

"The outlook for sterling remains one of weakness," Bank of America currency strategist David Powell said in London. "The data was not any worse than expected but the overall tone was still negative for the currency.":eek:

sounds like someone talking their own book!

upside support level today is 1.4345, then 1.4410, then 1.4540...
downside is 1.4050, then 1.4020, then 1.3910...

lets flip that coin !

inspector_monkfish

lisaloo1977 wrote: »

Bummer, i had been loving the positive reports of late last week from you monkfish!!!!

Hope it picks up soon, i am heading to US in March for 3 weeks!!! You had been cheering me up no end before.

Ps) Hope you manage to get home ok.

got home fine thank-you... and back in again this morning....

well its rallied back a bit to 1.4240, but seems kind of stuck in limbo at the moment, getting ready to have a good breakout, just not sure which way its going to go..... my gut feeling is still northwards...;)

whatusername

Construction PMI figures brought unexpected good news, here's hoping the tide is beginning to turn.

glenandemm

is there a chance that its just waiting for the expected boe rate cut before it decides what direction its going to take?

neilbond007

inspector_monkfish wrote: »

got home fine thank-you... and back in again this morning....

well its rallied back a bit to 1.4240, but seems kind of stuck in limbo at the moment, getting ready to have a good breakout, just not sure which way its going to go..... my gut feeling is still northwards...;)

if you're off to the casino tonight and your gut feeling is black... stick it all on red :rotfl:

inspector_monkfish

glenandemm wrote: »

is there a chance that its just waiting for the expected boe rate cut before it decides what direction its going to take?

amongst many other things, most probably, yes!

current poll results are 48% for a 0.75pct cut to 0.75pct
and 52% for a 0.50pct cut to 1.00pct

inspector_monkfish

inspector_monkfish wrote: »

amongst many other things, most probably, yes!

current poll results are 48% for a 0.75pct cut to 0.75pct
and 52% for a 0.50pct cut to 1.00pct

and we also have Non-Farm Payroll's in US on friday at 1.30pm

inspector_monkfish

here we go

i wanna see 1.4285....

inspector_monkfish

there ya go!!
i should do this for a living.....

from a 1.4180 at 2.00pm, straight thru 1.4285, hit 1.4315 about 4 mins ago, just hanging around 1.4300 now ... .all in the sapce of 20mins