Dirua

Started by drici, July 01, 2016, 09:50:09 AM

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bennydorano

Quote from: Rois on August 03, 2016, 05:24:53 PM
Quote from: bennydorano on August 03, 2016, 05:09:52 PM
Wondering why the mini rally? Interest rates certainty to go down, poor economic data following one after another. Casino economics in the currency markets?
I'm following the stories on www.poundsterlinglive.com
The rally appears to be a market mechanics thing around traders reducing exposure to the pound, as opposed to general economic sentiment and is a short term thing.
Certainly not my area of expertise, but 'reducing exposure to' makes me think they'd be getting shot of ££ which  would surely further devalue the ££?

MR - 1.19 could be as good as it gets for a while. Get yourself down to the Ogle St Bureau de change in Armagh sharpish!

gallsman

All of you doing any sterling/euro currency exchange or going on holidays:

Revolut

Revolut

Revolut

Revolut

Revolut

Rois

Quote from: bennydorano on August 03, 2016, 08:40:49 PM
Quote from: Rois on August 03, 2016, 05:24:53 PM
Quote from: bennydorano on August 03, 2016, 05:09:52 PM
Wondering why the mini rally? Interest rates certainty to go down, poor economic data following one after another. Casino economics in the currency markets?
I'm following the stories on www.poundsterlinglive.com
The rally appears to be a market mechanics thing around traders reducing exposure to the pound, as opposed to general economic sentiment and is a short term thing.
Certainly not my area of expertise, but 'reducing exposure to' makes me think they'd be getting shot of ££ which  would surely further devalue the ££?

MR - 1.19 could be as good as it gets for a while. Get yourself down to the Ogle St Bureau de change in Armagh sharpish!
Not my area either but the article on poundsterlinglive sets it out and that was what I took from the article. Think the short selling creates artificial upside or something. Whatever it is, they have a theory on it that sounded good.

drici

1.19470

Late on now.

Ulick

Have been following the foreign exchange markets closely for about a year now and to be honest I've found those forecast sites like poundsterlinglive to be not much more than tabloid clickbait. All very shallow, reactive pieces to whatever is in the FX news on any given day. No substitute for the in-depth analysis you'll get on zerohedge or the FT.

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