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

whatusername

It's looking very good, i'll watch this carefully this week and maybe take a wee punt at some USD

neilbond007

TorFX are over 1.50 now for transfers.....
The magic figure has been reached... but I'm greedy for more

whatusername

As we all are Neil, 1.51084

inspector_monkfish

just traded at 1.5155
yet another new high

neilbond007

inspector_monkfish wrote: »

just traded at 1.5155
yet another new high

isn't it exciting

inspector_monkfish

13:19 05May09 IFR-COMMENT: Cable to Lead on More General Dollar Weakness

[12:18 COMMENT: Cable to Lead on More General Dollar Weakness ] London, May 5.

Pull up a chart of the $-index and S&P500 and one will see a close relationship between the two since Aug-2008. Correlations come and go and it is difficult to find a correlation that sticks over a longer period of time especially in FX markets. However, the $-index/S&P correlation is interesting as it tells the story of how FX markets have traded off the gyrations in equity markets and the common factor being the evolution of risk taking. This relationship can be broken down further for Cable where there is a strong relationship since Lehman's collapse last year between Cable and the share price of the UK bank Barclays.

With S&P having broken through the 875/80 resistance level the potential is for risk taking to take another step up and thus for the dollar to weaken more generally. The AUD has already broken through its highs after finding some resistance in April but Cable might have the most catching up to do given that market psychology has been more negative here than on other FX pairs. Indeed turning back to the simple correlation between the price of Barclays and Cable there is the potential for Cable to move all the way to 1.7000 should risk taking
continue. But this weakness will be a part of a more general bout of dollar weakness.

Keith99

inspector_monkfish wrote: »

13:19 05May09 IFR-COMMENT: Cable to Lead on More General Dollar Weakness

[12:18 COMMENT: Cable to Lead on More General Dollar Weakness ] London, May 5.

Pull up a chart of the $-index and S&P500 and one will see a close relationship between the two since Aug-2008. Correlations come and go and it is difficult to find a correlation that sticks over a longer period of time especially in FX markets. However, the $-index/S&P correlation is interesting as it tells the story of how FX markets have traded off the gyrations in equity markets and the common factor being the evolution of risk taking. This relationship can be broken down further for Cable where there is a strong relationship since Lehman's collapse last year between Cable and the share price of the UK bank Barclays.

With S&P having broken through the 875/80 resistance level the potential is for risk taking to take another step up and thus for the dollar to weaken more generally. The AUD has already broken through its highs after finding some resistance in April but Cable might have the most catching up to do given that market psychology has been more negative here than on other FX pairs. Indeed turning back to the simple correlation between the price of Barclays and Cable there is the potential for Cable to move all the way to 1.7000 should risk taking
continue. But this weakness will be a part of a more general bout of dollar weakness.

I have no idea what this means! Am I the only one?

dancingdandare

Hey

I am wondering where the best place is to go with a load of dollars in cash and exchange for pounds in the uk? banks, postoffice, travel agents??? help??? I have about $6000 to change! how does people suggest i exchange it the most cost effective way?

thanks for the help.

inspector_monkfish

14:04 05May09 GBP/USD: Vaults 1.5150 Amid Confidence Speculation

[13:04 GBP/USD: Vaults 1.5150 Amid Confidence Speculation] London, May 5th.

Cable has continued its march higher and fresh multi-month highs have traded as GBP/USD vaults the 1.5150 mark. The latest gains come amid UK Clearer, speculative account and other assorted buying, with the rumours of a positive UK confidence reading spurring the gains. The talk suggests the latest reading could improve from 41 to 50 in April, which would far exceed the previously forecast 43 headline.

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The Confidence Reading is released at midnight tonight.

inspector_monkfish

Keith99 wrote: »

I have no idea what this means! Am I the only one?

the only part that should interest you is the bold part