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

inspector_monkfish

10:50 GMT - Ldn (05 Mar) - [TWISTING THE KNIFE IN] After Sterling was battered v the Eur into the end of 2008/early 2009 with a talk of a test of parity, it may now be time for the UK currency to turn the screws on the Eur. We would look to go short Eur-Gbp at the current level (ref 0.8884) for an
eventual target of 0.8300, (stop at 0.8975). While the UK may be moving
to quantitative easing to stoke the fires of recovery, the ECB is far more
emasculated, and the latest GDP was far more negative in the detail. This,
plus the latest slate of sentiment data, should keep further ECB rate cuts
in train. But the nature of the Eurozone is likely to hamper ECB using
non-conventional means - the BoE is by no means so gelded. Whilst pumping
money is normally associated with currency weakness, l-term it could reap
dividends on relative economic performance, and this side of the balance
sheet could hit Eur-Gbp. In addition, the cross has been in a triangular
consolidation, and a break blow 0.8808 (0.8726 to confirm) could set up a
big down move.



- - - - - - -
0.83 = 1.2048
0.88 = 1.1364

jackieblack

inspector_monkfish wrote: »

i tellz ya, one day this market is gonna suddenly turn round so quickly, them yankees won't realise whats hit them !!

soon markets have to realise, that US is knackered, and lil ol england and so bad after all!!

Morning guys!

So, only 30 more sleeps 'til my holiday..........

I'm waiting......... (and hoping!!!)

inspector_monkfish

cable just suddenly fell to new low of the day at 1.4096

now at 1.4110

jonathanrichardson69

morning Jackie, we're all hoping i may even resort to praying. what rate are you hoping for?

inspector_monkfish

jackieblack wrote: »

Morning guys!

So, only 30 more sleeps 'til my holiday..........

I'm waiting......... (and hoping!!!)

everytime you turn up, the rate plummets !!

neilbond007

we're dropping like a stone (again!)
1.42 was looking so attractive too

inspector_monkfish

1.4080 now
20mins to go....

jackieblack

jonathanrichardson69 wrote: »

morning Jackie, we're all hoping i may even resort to praying. what rate are you hoping for?

Well, Inspector Monkfish keeps promising us $1.50.....

But any improvement really would be better than none (stating the obvious there, I know )

jackieblack

inspector_monkfish wrote: »

everytime you turn up, the rate plummets !!

fair enough....... I'll go then...

inspector_monkfish

very volatile before the meeting.... back up to 1.4100 now