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

inspector_monkfish

Teachertim wrote: »

Looking at your previous posts Monkfish, I think it is clear you talk a great deal of tosh ! Still waiting for the huge bounce from last week you promised becasue you "know stuff." In actual fact, we saw a large drop last week.

My prediction - you are wrong ! We will see new lows today.

oh well done Teach.
one bad morning of fx trading for the pound, and you can predict a whole year can you?

todays falls are based on nothing more than a quiet market with no other news around other than a few articles and stories over the weekend about UK Banks, and the Bank of England.....

neilbond007

Teachertim wrote: »

Looking at your previous posts Monkfish, I think it is clear you talk a great deal of tosh ! Still waiting for the huge bounce from last week you promised becasue you "know stuff." In actual fact, we saw a large drop last week.

My prediction - you are wrong ! We will see new lows today.

hear, hear!!
The man's a fool. Spends his days filling his poor disciples (us) full of hope... and what do we get? a kick in the nuts! that's what we get... my testicles are black and blue after the last few weeks.

keep up the good work IM. It's good that we have someone positive to balance out my negativity!

inspector_monkfish

neilbond007 wrote: »

hear, hear!!
The man's a fool. Spends his days filling his poor disciples (us) full of hope... and what do we get? a kick in the nuts! that's what we get... my testicles are black and blue after the last few weeks.

keep up the good work IM. It's good that we have someone positive to balance out my negativity!

hey, you're soon to be a Septic anyway - so your views don't count this side of the water !

inspector_monkfish

12:43 09Mar09 STERLING EXTENDS LOSSES, DOWN 2 PCT ON THE DAY VS DOLLAR BELOW $1.38 <GBP=> - REUTERS DATA
12:44 09Mar09 EURO/STERLING ABOVE 91.00 PENCE <EURGBP=> - REUTERS DATA
12:53 09Mar09 Sterling extends losses; down 2 pct vs dlr below $1.38

LONDON, March 9 - Sterling extended its slide on global currency markets on Monday, shedding 2 percent against the dollar to trade below $1.38 on mounting concern over the UK banking sector and evaporating UK government bond yield advantage.
By 1250 GMT the pound had fallen more than 2 percent to a six-week low of $1.3778 <GBP=> and the euro was up more than 1.5 percent on the day to 91.19 pence, a 5-1/2 week high, Reuters charts showed.
This marks sterling's steepest one-day fall against the dollar and euro in a month.
Sterling sentiment soured on Monday after Britain's government upped its stake in Lloyds Banking Group, while the yield on Britain's benchmark ten-year gilt fell below 3 percent on Monday for the first time in at least 50 years.
The Bank of England said last Thursday it would start buying gilts as part of its "quantitative easing" programme to try and boost the money supply, fight off deflation and kickstart the economy.

Teachertim

neilbond007 wrote: »

hear, hear!!
The man's a fool. Spends his days filling his poor disciples (us) full of hope... and what do we get? a kick in the nuts! that's what we get... my testicles are black and blue after the last few weeks.

keep up the good work IM. It's good that we have someone positive to balance out my negativity!

Even though the positive is fantasy ?

inspector_monkfish

Teachertim wrote: »

Even though the positive is fantasy ?

hi Teach

I see you predict we are going to hit 'new lows' today.
Can you be a bit more specific please?

Are we going to hit 1.04 ??

Teachertim

inspector_monkfish wrote: »

hi Teach

I see you predict we are going to hit 'new lows' today.
Can you be a bit more specific please?

Are we going to hit 1.04 ??

LOL ! Not sure why you are being such an !!! ? You did tell us all that last week things were going to be much better, and substantiated this with "Trust me, I know things." Looks like you know Jack to me.

New 6 week low reached lunch time today - who is more right? your prophetic high or the reality of a new low ?

I'm not trying to be nasty, unlike you, but i think it is very unfair that you come on here and give people who do not understand the system false hope and tell them things will get better in the next week, when in actual fact, they won't, and don't. It is not fair to meddle with people that way.

There is a difference between being positive and being a fantasist, personally, I think you are the latter.

whatusername

From a low of 1.37 just 30 minutes or so ago, are we now seeing a recovery beginning?

1.3805 and has got there pretty quickly.

Whats happening?

inspector_monkfish

don't let jackie know, but we're off the lows and moving slowly back up....

1.3816

whatusername

Teachertim wrote: »

LOL ! Not sure why you are being such an !!! ? You did tell us all that last week things were going to be much better, and substantiated this with "Trust me, I know things." Looks like you know Jack to me.

New 6 week low reached lunch time today - who is more right? your prophetic high or the reality of a new low ?

I'm not trying to be nasty, unlike you, but i think it is very unfair that you come on here and give people who do not understand the system false hope and tell them things will get better in the next week, when in actual fact, they won't, and don't. It is not fair to meddle with people that way.

There is a difference between being positive and being a fantasist, personally, I think you are the latter.

Ouch