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

neilbond007

inspector_monkfish wrote: »

1.4650 trading.........

havent had this for a while
http://www.youtube.com/watch?v=JvkbFc-th28

no we haven't... or this
http://www.youtube.com/watch?v=Kr64KOyrh5s

1.4696!!

come on 1.50 by the end of play tomorrow please!
5hit on the dorrar... 5hit on the dorrar

neilbond007

1.4725!!

oh my... we're spurting!! where's that picture of kim k gone again

inspector_monkfish

neilbond007 wrote: »

no we haven't... or this
http://www.youtube.com/watch?v=Kr64KOyrh5s

1.4696!!

come on 1.50 by the end of play tomorrow please!
5hit on the dorrar... 5hit on the dorrar

ruvverry jubberry..

neilbond007

inspector_monkfish wrote: »

ruvverry jubberry..

what's happening old boy? this time of day is normally a snoozefest (except for the darts, obviously)
it's jumped .5c in no time at all!
just peaked at 1.4742!!

inspector_monkfish

neilbond007 wrote: »

what's happening old boy? this time of day is normally a snoozefest (except for the darts, obviously)
it's jumped .5c in no time at all!
just peaked at 1.4742!!

don't know mate
i'm at home now, so i dont have all my usual screens flashing infront of me !!

had a quick look on BloombergTV (sky channel 502) and they are talking about good earnings reports from some big US companies, such as Ebay.

so i guess its up on the back of US good sentiment - BUY stocks, SELL currency (USD)

inspector_monkfish

major figs out today...

9.30 uk gdp prelim q1
9.30 uk retail sales
1.30 us durable goods
3.00 us new home sales

have fun

trading at 1.4675 at mom

inspector_monkfish

this story in the Telegraph today won't help...

http://www.telegraph.co.uk/finance/financetopics/budget/5209225/Borrowing-puts-UKs-AAA-rating-in-danger-after-Budget-2009.html

inspector_monkfish

08:08 24Apr09 GBP/USD: Breaks Below 1.4637 Asian Session Base

[07:08 GBP/USD: Breaks Below 1.4637 Asian Session Base] London, April 24. Cable
has just plumbed a fresh intra-day low of 1.4628 after breaking below 1.4637
(today"s Asian session base), as the pound continues to suffer on the back the
back of a Daily Telegraph article headlined "Borrowing puts UK"s AAA rating in
danger" (B5). 1.4720 was today"s early Asian session high.

1.4600 (yesterday"s early Europe high) and 1.4543 (Wednesday"s post-UK budget
recovery rally high) are sterling support points. Buy stops above 1.4600 were
tripped ahead of yesterday"s 15:00GMT London fix. Buy stops above 1.4700 were
tripped during the NY afternoon, en route to a three-day high of 1.4745.

"Is the UK once again the economic sick man?" is the headline of an article
by Martin Wolf in the FT today. This highlights the IMF"s forecast that the UK
economy will contract by 4.1% this year and 0.4% next year. UK Chancellor
Alistair Darling forecasts that the UK economy will contract by a more modest
3.5% this year, before rising by 1.25% next year.

The preliminary ONS estimate of UK Q1 GDP will be unveiled at 08:30GMT,
alongside ONS March UK retail sales figures. A 1.5% GDP contraction is forecast,
to follow a 1.6% fall in Q4 2008. Retail sales are forecast down 0.5% m/m
(<TGM42332>).

inspector_monkfish

08:15 24Apr09 MARKET TALK: GBP Should Still Fly


0715 GMT Alistair Darling may have clipped the GBP's wings but the UK
currency should still fly, according to Forex Focus by Nicholas Hastings. There
are already signs that the selling pressure on GBP is abating with investors
remaining confident that the UK will recover sooner than many of its competitors.
(NEH)

neilbond007

ok... .so we're bombing because of newspaper article!!!
the figures we've had that were better than expected did nothing...

all makes perfect sense now...:whistle: