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

inspector_monkfish

Caligirl wrote: »

Thanks!

Judging by the amount of people I've seen laden down with endless amounts of bags on the high street over the past two months, we should get some good figures

I am keeping my chin up

thats interesting that other people actually take note of things like that, I thought it was only saddoes like me !!


of course, it all depends what is actually in those bags, and how much they paid for them

John Lewis released some terrible figures early this morning (down 17% for the month)

Caligirl_3

Ha yeah. I was amazed over Christmas - everyone seemed to be going crazy and shopping like there was no tomorrow. Seemed to be plenty of high-end brand bags too.

Fingers crossed!

Caligirl_3

FYI from dailyfx.com:

Pound soared over 250 bps to as high as 1.4600 on the back of the increasing risk appetite as it erased the majority of the losses it suffered following the BoE’s quarterly inflation report. Indeed, the central bank signaling further rate cuts and the possibility of quantitative easing had sunk Sterling to as low as 1.4150. The 50-Day SMA continues to provide formidable resistance at 1.4650 and may limit anymore upside potential for the pound. The potential of more coordinated efforts to revive the global economy coming from the G-7 meeting has fueled the bullish Sterling sentiment. However, if the current every man for themselves mentality continues post summit then we could see recent gains reversed.

The prospect of a new plan to help stem foreclosures helped reverse market sentiment at the end of the U.S. session and the increase in risk appetite has continued through overnight trading. The mortgage plan and the stimulus plan finally getting passed may be the catalyst to send equity markets higher which could lead to dollar weakness. However, with a three-day weekend ahead traders may be reluctant to become too bullish especially with the G7 meeting scheduled. The gathering of the leaders of the developed nations isn’t expected to focus on currencies but it still provides potential event risk. The U of Michigan consumer confidence report is expected to show that consumers have become les optimistic, which could negatively impact consumer spending going forward. The mounting job losses have led Americans to retrench and their conservative spending habits will remain a weighing factor of domestic growth.

Teachertim

As long as it is $1.60 in April I'm happy ! (I think I may be UNhappy)

neilbond007

Blink_Eden wrote: »

Who else here thinks that 007 and the Inspector back against what each other says?

I think they are manipulating the markets and making a profit

you've seen through our cunning plan. we may need to hunt you down
i hang on every word of old Mr Fish. I too love his optimism. I'm moving to the US soon (providing the visa gets issued - but that's another story!) so i'm thinking positive 24 hours a day!!!
I'll settle for 1.50 at the moment.. but all this talk about 1.65 is mighty exciting :j

have a great weekend all, and have a good holiday IM.
I'm in the office next week so it's 500 daily glimpses at dailyfx.com for me...

Mrs_pbradley936

Well I have just sold a house in Florida and get paid March 2nd so I want it to go the other way to most of you! Someone is trying to talk us into getting a futures rate but I think we will just take whatever it is at the time.

neilbond007

Mrs_pbradley936 wrote: »

Well I have just sold a house in Florida and get paid March 2nd so I want it to go the other way to most of you! Someone is trying to talk us into getting a futures rate but I think we will just take whatever it is at the time.

wash your mouth out!
i tell you what, i'll see if i can get you $1.30 for a day if you can see if you can swing $1.70 for 1 day when i transfer the other way. is that a deal?

inspector_monkfish

Caligirl wrote: »

Ha yeah. I was amazed over Christmas - everyone seemed to be going crazy and shopping like there was no tomorrow. Seemed to be plenty of high-end brand bags too.

Fingers crossed!

the christmas figures have already been published, they showed a sharp incline

the figures out next week will be those for January, which 'experts' are worried will show a sharp decline from december, due to the sales starting early, plus vat reduction, therefore what people might have been saving to spend in january sales, they had already spent, as the sales started so early !

BernardM

Caligirl wrote: »

Thanks, yes I'm hoping the fact that the US are doing it will mean we will be on a par with them.

I just wish Obama was our PM - instead of Gormless Brown.

Fingers crossed for your 1.55 predictions - I will be in the States for a month from next week.

http://www.obamadeception.net/

spitfirebbmf

Fridays Data

The Sterling (GBP) was one the worst performing currencies with the pair not finding support until the 1.41 figures was seen. The bounce off lows was also limited with EUR/GBP buying capping gains. Overall the GBP/USD traded with a low of 1.4147 and a high of 1.4413 before closing the day at 1.4300 in the New York session.