Eur/usd

[TimberWolf]

Not having your cash in Sterling for one week yields a better return than leaving it in a UK high interest bank account or other cash investment for a year. Not difficult what with the latter being negative yield in real terms.

My money is in USD and gold and the return has been remarkable in the last few months, although no doubt all but a lucky few will escape the coming turmoil without being taken to the cleaners and being given a good rinsing.

[HairyArsedBloke]

Swiss Francs.

HTH

Meanwhile back in reality .......

[sasguru]

Think I'll keep it all in USD for now...

Swiss Francs.

HTH

[HairyArsedBloke]

Think I'll keep it all in USD for now...

I always do.

[d000hg]

Think I'll keep it all in USD for now...

[fullyautomatix]

So far this morning it's GBP that is getting a beating.

WHS. The GBP is sinking and I suspect another bank bailout might be on the horizon.

Well done Gordon, your legacy will last a few decades.

[BlasterBates]

The pound isn't supposed to get hammered this year,it's supposed to be the Euro, but once governments get through their spending cuts then it would calm down. However if the UK government gets it's spending cuts in the this year then the sterling might get hammered this year with the Euro, and then both will recover when the US realises it can't keep up a 12% of GDP deficit (err higher then Greece) when a couple of states declare bankruptcy. The interesting question will probably be, will the Fed bail out a state.

[d000hg]

Yikes, £/$ below 1.45.

[HairyArsedBloke]

So far this morning it's GBP that is getting a beating.

[HairyArsedBloke]

EURUSD is only at the average for the last 15 years.

[Doggy Styles]

Exchange rates will always go up and down.

However, the Euro has particular problems because it is shared among several disparate governments and economies, who all have different strengths, weaknesses and needs. In some cases, just weaknesses and needs.

I'm just glad we aren't in it.

[suityou01]

Also I believe that short positions on the euro are at an all time high. But hey that's financial terrorism for you

[suityou01]

Try this

USD Dollar (USD) – The Dollar strengthened against most majors as stocks and commodities fell on concern that European governments won’t cut deficits fast enough to halt the debt crisis. Unemployment Claims came out at 444K vs. 440K forecast. NASDAQ and Dow Jones weakened by 1.26% and 1.05% respectively. Crude oil fell by 1.7% closing at 74.4$ a barrel. Gold (XAU) weakened by 1.1% closing at 1229$ an ounce. Today, Retail Sales are expected at 0.3% vs. 1.9% and Michigan Consumer Sentiment Index is expected to rise from 72.2 to 73.5.
EURO (EUR) – The Euro reached the lowest level in 14-month against the Dollar despite the ft that the European leaders yesterday unveiled an almost $1 trillion bailout plan for indebted nations on concern deficit-cutting measures will undermine growth. The EUR/USD has been trading downwards since April and has broken its support levels each time, therefore the momentum is clearly bearish. Overall, EUR/USD traded with a low of 1.2518 and with a high of 1.2685. No economic data expected today.
EUR/USD – Last: 1.2530
Resistance 1.26 1.2740 1.2950
Support 1.2520

[suityou01]

Dirty Spekulants!

No graph? Quote? In fact any substance or conscious thought?

Dullard.

HTH

[AtW]

Dirty Spekulants!