DOW - gotta come down soon?
06 January 2004, 09:04 AM
#1
Scooby Regular
Thread Starter
Join Date: Jan 1999
Posts: 5,786
Likes: 0
Received 0 Likes
on
0 Posts
Looking at the graphs, the DOW has gone up in a linear line for the last month from about 9500 to 10500 with no profit take along the way....
Another few days of New Year exuberance, and surely it has to fall back a bit surely?? 1000pt gain with no pullback is surely asking for trouble?
Anyone any thoughts?
Another few days of New Year exuberance, and surely it has to fall back a bit surely?? 1000pt gain with no pullback is surely asking for trouble?
Anyone any thoughts?
06 January 2004, 09:16 AM
#2
Scooby Regular
Thread Starter
Join Date: Jan 1999
Posts: 5,786
Likes: 0
Received 0 Likes
on
0 Posts
Same with the £/$ and the $/Euro...
£/$ now up to 1.816 and $/Euro up to 1.27
People reckon 1.3 on the $/Euro is a formality VERY quickly....anyone else think the same?
Can the dollar really weaken so quick & fast?
£/$ now up to 1.816 and $/Euro up to 1.27
People reckon 1.3 on the $/Euro is a formality VERY quickly....anyone else think the same?
Can the dollar really weaken so quick & fast?
06 January 2004, 10:16 AM
#4
Scooby Regular
Join Date: Sep 2003
Posts: 216
Likes: 0
Received 0 Likes
on
0 Posts
I do alot of deals in dollars and constantly keep my eye on its movements.
I think today it will finish at around £/$ 1.82 and will continue to go down to about 1.85 (start of next week). It will then start a slow rise.
Thats my prediction anyway. Just waiting for the bottom before I transfer loads into my USD account.
I think today it will finish at around £/$ 1.82 and will continue to go down to about 1.85 (start of next week). It will then start a slow rise.
Thats my prediction anyway. Just waiting for the bottom before I transfer loads into my USD account.
06 January 2004, 10:29 AM
#5
Scooby Regular
Join Date: Aug 2000
Location: God's promised land
Posts: 80,907
Likes: 0
Received 0 Likes
on
0 Posts
As said, this is all currency driven. It seems the market is intent on testing 1.30 USD/EUR, and 1.85 Cable.
I've even heard talk of further ECB rate cuts, and it isn't even April 1st!!
I've even heard talk of further ECB rate cuts, and it isn't even April 1st!!
06 January 2004, 10:55 AM
#7
Scooby Regular
Join Date: Feb 2003
Posts: 1,717
Likes: 0
Received 0 Likes
on
0 Posts
My bonus is paid in USD, then converted to GBP 
So despite winning to the gamma, and increasing the $$'s this move has cost me the equivalent of a very nice new car...bet your hearts are bleeding for me?
LOL
Rgds
Chucky-in-the-poor-house
So despite winning to the gamma, and increasing the $$'s this move has cost me the equivalent of a very nice new car...bet your hearts are bleeding for me?
LOLRgds
Chucky-in-the-poor-house
Trending Topics
06 January 2004, 11:01 AM
#8
Scooby Regular
Join Date: Sep 2003
Posts: 216
Likes: 0
Received 0 Likes
on
0 Posts
My hearts not bleeding for you mate. Im buzzing too much off the money I will/am making.
I import products from far east into the UK. Mainly China and they peg there currency (yuan) at a fixed rate against the dollar. So if the dollar goes weak I get the products from them at the same price in USD terms but alot less in GBP terms.
Im laughing all the way to the bank
...oh look the dollar is now 1.82
I import products from far east into the UK. Mainly China and they peg there currency (yuan) at a fixed rate against the dollar. So if the dollar goes weak I get the products from them at the same price in USD terms but alot less in GBP terms.
Im laughing all the way to the bank
...oh look the dollar is now 1.82
Thread
Thread Starter
Forum
Replies
Last Post