BOOOOOM, anyone seen GBPUSD today ?

[tricky69]

getting slapped like a ginger step child...

[Chilli]

Cable currently 1.7828 USDEUR 1.40....Dollar is flying.

[Fittster]

Chilli said:

Cable currently 1.7828 USDEUR 1.40....Dollar is flying.

Why? Because the government isn't going to get in more debt to bail out the banks?

[tricky69]

Fittster said:

Chilli said:

Cable currently 1.7828 USDEUR 1.40....Dollar is flying.

Why? Because the government isn't going to get in more debt to bail out the banks?

the exact opposite mate....

[Fittster]

tricky69 said:

Fittster said:

Chilli said:

Cable currently 1.7828 USDEUR 1.40....Dollar is flying.

Why? Because the government isn't going to get in more debt to bail out the banks?

the exact opposite mate....

So the dollar goes up if the government massively increase the national debt??

Don't think I would make it as a currency trader.

[paulmurr]

So, in laymans terms, is now a good time or a bad time to buy USD. I'm going to NYC in April so will need spending money

[tricky69]

Fittster said:

tricky69 said:

Fittster said:

Chilli said:

Cable currently 1.7828 USDEUR 1.40....Dollar is flying.

Why? Because the government isn't going to get in more debt to bail out the banks?

the exact opposite mate....

So the dollar goes up if the government massively increase the national debt??

Don't think I would make it as a currency trader.

said this in another thread.... Most expect the bailout to go through which is expect to stay off a recession ( weather it does or not is another story ). This is the grand plan by the US to help it's market, Europe and UK have no such solution as yet... and they have only just started to feel the squeeze.... as a result at these levels the USD looks better than europe, UK and JPY in fact.

But the JPY is actually down for a other reasons as well with traders putting on carry trades against the AUD...

Other news such as consumer confidence in the US rose in september and business activity has slowed less than forecas has also helped the USD today, and

[tricky69]

paulmurr said:

So, in laymans terms, is now a good time or a bad time to buy USD. I'm going to NYC in April so will need spending money

hahahaah i will tell you when to buy.... wait.... wait .......... waiiiittt.... NOW NOW NOW BUY BUY BUY !!!!!

Order filled, cable now up.... oopps sorry, trader messes it up again !