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PropGuy
New Member
Lovely, the break I was expecting; 20% sold at 1.293550% stock sold @ 1.290Rebound momentum is slowing down, risky to stay 'long' for too long. But I'll try to keep some euro/usd stock until 1.295.
Seriously considering buying property in Dubai - a few questions
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Wannaberich
New Member
Banks borrow £185b and still there's no liquidity out there.
Bad sign for the £ ?
Banks borrowed £185 billion in liquidity scheme | Reuters
Bad sign for the £ ?
Banks borrowed £185 billion in liquidity scheme | Reuters
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PropGuy
New Member
That depends on the banks. In US banks borrowed 350billion but nobody knows where that money went, lending is still tight, although banks are handing out bonuses and making acquisitions. Sooner or later that money will spread through the economy. But imo Sterling still looks better in the long term than USD, but short term direction is difficult to assess.
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Brendan R
New Member
Russia debt downgrade to BBB with negative outlook very back for Euro. European banks have huge exposure to emerging markets and will come out as possibly the biggest losers of this crisis. UK banks being insolvent due to their high exposure to their own hyper inflated house prices is another story. When we start falling, it's gonna be fast and precipitous.
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PropGuy
New Member
I closed all my remaining positions at 1.305 for Euro. It was good trade Waiting for another opportunity
Waiting for another opportunity B
Brendan R
New Member
well done, why didn't you go short?I closed all my remaining positions at 1.305 for Euro. It was good trade
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heat_wave
New Member
whooa tensions rising guys,
Let me know if I can be of any assistance. I do work for a large real estate company however on a consultancy basis therefore will not be looking to earn commision. But I have access to some very good deal on current ready property.
I'm also from the UK and have suffered the weak pound I used to work at a bank which specialises in foreign exchange do let me know if you are in need of a preferential rate.
Let me know if I can be of any assistance. I do work for a large real estate company however on a consultancy basis therefore will not be looking to earn commision. But I have access to some very good deal on current ready property.
I'm also from the UK and have suffered the weak pound I used to work at a bank which specialises in foreign exchange do let me know if you are in need of a preferential rate.
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PropGuy
New Member
It is risky, USD is in falling mode again. But for both movement is choppy so I'm staying at the sidelines. I see another move up in EuroUSD but risk is high.
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Wannaberich
New Member
Why isnt that damn pound falling?! Its past 1.45 now.House prices rose 1.9& in Jan
doesnt help matters.
Come on BOE slash those rates by 1%
doesnt help matters.
Come on BOE slash those rates by 1%
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Brendan R
New Member
the up 1.9% stat is a fabricated one in light of other indices and actual observation. After increasing its participation in UK banks, the government needs to keep the boat afloat.
As UK banks mark their housing collateral on the back of the Halifax index, it is essential to keep it up otherwise... This is the end of writedowns, negative equity,... We're back in business.
It is both hilarious and sad.
this is 1984 coming true.
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Wannaberich
New Member
In plain english its a load of bull and the pound will collapse ?
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Brendan R
New Member
yes, unless you believe in the bull
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PropGuy
New Member
What happened in 1984?
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Brendan R
New Member
1984, the book by George Orwell, written in 1949 I believe but such a true reflection of where we are and where we are heading. You should read it, it's very well written and touches upon lots of different realities of today's world.
If you love freewill and freedom, you will love this book. If you are a politician, you will hate it.
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PropGuy
New Member
this book Nineteen Eighty-Four - Wikipedia, the free encyclopedia ?
I want to know specifically about 1984 market movements, that books is about something else.
I want to know specifically about 1984 market movements, that books is about something else.
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Brendan R
New Member
yes, that's the book. It is not about market movements.
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Wannaberich
New Member
1.46 and rising.Confidence is back.Watch the pound take off.
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PropGuy
New Member
It is not pound it is USD falling
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Wannaberich
New Member
Reuters:
'Putting the current sterling rally to one side, economists polled by Reuters expect the pound to continue declining over the next three months against the dollar, having hit a 23-year low around $1.35 last month [GBP/POLL]'
'Putting the current sterling rally to one side, economists polled by Reuters expect the pound to continue declining over the next three months against the dollar, having hit a 23-year low around $1.35 last month [GBP/POLL]'
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Brendan R
New Member
Not sure what reality you are living in but the USD index is up and tading above 86.It is not pound it is USD falling
The USD is pretty strong right now against the EUR, the CAD and the JPY.
The sterling bounce needs to be put into context following an infernal descent from 2.10.
I'm not sure who you're trying to convince but you by constantly repeating that the dollar is weak even when it's going up.
Be careful, delusion in trading could prove very costly.
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