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US ($) Currency Thread 1 (closed - use thread 2)
Comments
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16:37 01Apr09 GBP/USD: Positive US Data Still Helping Cable, But Resist Looms
[15:37 GBP/USD: Positive US Data Still Helping Cable, But Resist Looms] Boston, April 1st. With equity markets recovering from earlier declines into the NYSE open, cable is benefiting from a bit of USD softening. This isn"t just a dollar story, though. Sterling is gaining across the board, with EUR/GBP falling once more and GBP/JPY making a move back toward the day"s highs.
The headlines are, of course, flying fast and furious heading into the G-20
meeting on Thursday. It"s the usual rhetoric at this point with little change
from what"s been hitting the tape the last few days. Stocks turned north with the help of the better than expected US data this morning. At this point they are still a bit short of Tuesday"s highs, so there could be more gains to come before resistance starts to kick in.
The stock market resistance contributes to the idea that there might be more upside room for cable, but maybe not a large amount right now. Cable is facing resistance over head from the day"s highs. GBP/JPY is in the same position, and EUR/GBP is nearing the day"s lows. That probably means some difficulty in sterling continuing to make positive ground, at least in the near- term.Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
neilbond007 wrote: »i hope you've got some liquid refreshment stashed away...
you weren't one of them waving £10 notes at them this morning were you?
either that or go outside and shout "FIGHT FIGHT FIGHT" at the top of your voice
can you get notes as small as £10 then?Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
trading at 1.4405
i'm off for a rumble with the swampies..... if you don't hear from me again, good luck, and may we see 1.50 very soon....Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
good morning
well i made it home safely, and back in again this morning - thanks for all your concern :cool:
looks like it bumbled along over night, until unexpected announcement of a rise in house prices in UK at 7.00am (sounds like a load of cobblers if you ask me!!)
was trading at 1.4520 at that point
its now trading at 1.4585Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
07:15 02Apr09 (GBP) March housing data surprises to the upside
(GBP) House prices in the UK come in better than expected according to
Nationwide's survey. House prices rose 0.9% on the month in March and fell
15.7% on the year. They were fared better than the median average. Nationwide said it was too soon to call a housing market recovery and said that the current upturn in activity is therefore more likely to reflect the return of buyers who have delayed purchasing through the worst of the financial turbulence at the end of 2008 rather than the beginnings of a swift recovery. GBP up 111 pips to 1.4579.Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
that's good news all round! someone might actually come to look at my house now! and the £ gains strength. happy days are here again...
oh, and glad you made it home safely0 -
Whoop whooop!!! I feel it could be shortlived but lets hope"!!!!0
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Glad you made it out and back again monky, looks like we may have a run up to 1.50 then. Fingers crossed.0
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ps - glad IM got back to and from work ok!
Messing up that bank was crazy! Just utter thugs!!!!! It really winds me up seeing things like that, what happens to DECENT human beings.....0 -
08:25 02Apr09 MARKET TALK: GBP/USD Move Toward 1.50 Building - BOS
0725 GMT The Nationwide said UK house prices rose by 0.9% in March
and this news comes after Monday's mortgage approvals hit 3 month highs. Bank of
Scotland says the improvement in UK data this week provides a sterling positive
backdrop with GBP/USD probing its 100 DMA around 1.4560. A move toward 1.50 is
building says the bank. GBP/USD now at 1.4560 and from Monday's low of 1.4111.
(GST)Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0
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