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

whatusername

ADP National Employment Report in the US reported employment fell in the goods producing sector in January for the 24th consecutive month and in the manufacturing sector for the 28th consecutive month. Not good news for Americans but poor news over there should aid our pound.

whatusername

1.4486 is the next resistance level aparently. A push over this would enable it to push on even further. It's trying hard.

whatusername

1.44962.

Needs to hold above 1.4486 or push through 1.45 which is the strong resistance level.

whatusername

Ach it's dropped again but it's trying 1.44749

glenandemm

i'll be happy if it sits at 1.45 by the end of the day!

whatusername

Strong resistance being met now. Down at 1.44673. Theres another announcement in the states at 15.00 so maybe it will hover around till then.

Lets see a push up over 1.45

neilbond007

looking good..... keeping them fingers crossed

FluffyFiFi

neilbond007 wrote: »

looking good..... keeping them fingers crossed

It's done it - 1.4534 - let's hope it keeps going !

whatusername

1.45542

It needs to hold then 1.45 will become support level for push to the next resistance level. It may break 1.50 by Friday if the BOE play it right tomorrow.

whatusername

The 15.00 announcement really has made little change is it is still showing contraction in non manufacturing comodities but reckons in the states it's bottomed out. They also reckon the worst is still to come in europe. Currency is still holding and it should do for a while yet.