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

inspector_monkfish

collapsing now - this is bizarre !!

here is a snippet from reuters....

13:39 06Feb09 IFR-GBP/USD: Down Then Up Then Down after Sub-Forecast NFP Number

[13:38 GBP/USD: Down Then Up Then Down after Sub-Forecast NFP Number] London,
February 6. Cable fell to a low of 1.4665 in a knee-jerk reaction to January"s
worse-than-expected minus 598k Non-Farm Payroll number, before rallying to a high
of 1.4729. It has subsequently dropped back to threaten 1.4665.
1.4637 (pullback low from an early Europe 18-day high of 1.4770) and 1.4590
(today"s Asian session base) are support points south of 1.4665.
The US unemployment rate rose to 7.6% last month, from 7.2% in December. A
slightly more modest rise to 7.5% was expected. Minus 540k was the consensus
forecast re: January"s NFP number. December"s NFP number was downwardly revised
to minus 577k, from minus 524k. November"s NFP number was downwardly revised to
minus 597k, from minus 584k.

neilbond007

i don't like the words "bizarre" and "collapsing"

Make it go higher!!!

inspector_monkfish

neilbond007 wrote: »

i don't like the words "bizarre" and "collapsing"

Make it go higher!!!

well, it was 'bizarre' that it was 'collapsing' after such bad US numbers....!!


rallied back to 1.4690 now (where it was when numbers came out)

neilbond007

inspector_monkfish wrote: »

well, it was 'bizarre' that it was 'collapsing' after such bad US numbers....!!


rallied back to 1.4690 now (where it was when numbers came out)

good stuff. can we go to the moon now please?

inspector_monkfish

its a bleedin rollercoaster!!

let it settle, then between 4 and 5pm, i reckon we'll see a major breakout.... maybe to the moon !!

inspector_monkfish

steadily gaining momentum....

currently 1.4675

neilbond007

ooooh... we're moving! i'm all strapped in!

glenandemm

rising and nearly 1.4740!
lets hope it dont plummet like this morning!

inspector_monkfish

big resistance level at 1.4770 on the upside

currently trading 1.4730

Denise07

inspector_monkfish wrote: »

let you know sometime after 1.30.....

We await your words of wisdom 1.50 for next week?!!:T