Forum | Any FX dealers on here? by Lord_Lucan

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Any FX dealers on here? 20:43 - Oct 29 with 1607 views

What’s the gut feeling re Sterling v Dollar after the budget??

	“Hello, I'm your MP. Actually I'm not. I'm your candidate. Gosh.” Boris Johnson canvassing in Henley, 2005.
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Any FX dealers on here? on 20:48 - Oct 29 with 1561 views

blueasfook

Sell sell sell.

I'm not an FX dealer.

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Any FX dealers on here? on 20:52 - Oct 29 with 1531 views

Blueschev

I’ve been pondering the same thing. I have a few dollar payments to settle and am wondering whether to do it first thing. Most of the budget has been leaked anyway so not sure it will have a dramatic effect. I can’t imagine that the likely political turmoil the back end of next week will do much to strengthen the dollar, but I’m far from an expert.

Any FX dealers on here? on 21:10 - Oct 29 with 1457 views

Lord_Lucan

Any FX dealers on here? on 20:52 - Oct 29 by Blueschev
I’ve been pondering the same thing. I have a few dollar payments to settle and am wondering whether to do it first thing. Most of the budget has been leaked anyway so not sure it will have a dramatic effect. I can’t imagine that the likely political turmoil the back end of next week will do much to strengthen the dollar, but I’m far from an expert.

Our invoice terms are that we have to pay a lot of dollars out within next 10 days.

I’m thinking it might be wise to pre buy.

Say it’s 1.29 atm, it’s not going to go up to 1.35 but it could quite easily drop to <1.20 - that would c cost us a lot.

I think I’m gonna order in the morning.

Edit. I also think that the stronger Trump gets, the stronger the dollar will get.

[Post edited 29 Oct 2024 21:12]

	“Hello, I'm your MP. Actually I'm not. I'm your candidate. Gosh.” Boris Johnson canvassing in Henley, 2005.
Poll:	How will you be celebrating Prince Phils life today

Any FX dealers on here? on 21:31 - Oct 29 with 1332 views

Help

Personally if trump wins the dollar will rise. If he loses and contests it will harm the dollar for as long as it drags on, and I suspect he will try every legal and illegal route possible

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Is it Pink home and away from now on in

Any FX dealers on here? on 09:26 - Oct 30 with 996 views

Lord_Lucan

Any FX dealers on here? on 20:52 - Oct 29 by Blueschev
I’ve been pondering the same thing. I have a few dollar payments to settle and am wondering whether to do it first thing. Most of the budget has been leaked anyway so not sure it will have a dramatic effect. I can’t imagine that the likely political turmoil the back end of next week will do much to strengthen the dollar, but I’m far from an expert.

From my broker.......

Morning mate

I’m away back tonight

The budget usually has minimal impact on FX markets since most policies are pre-announced in the media, though unexpected announcements could create some volatility.

Key focus for USD this week is Friday’s jobs data; a strong report may boost USD as it could prompt the Fed to reconsider slowing rate cuts.

Main focus next week: Tuesday, Nov 5, marks the U.S. Presidential Election. A Trump victory is expected to strengthen the USD, attributed to his pro-business stance.

	“Hello, I'm your MP. Actually I'm not. I'm your candidate. Gosh.” Boris Johnson canvassing in Henley, 2005.
Poll:	How will you be celebrating Prince Phils life today

Any FX dealers on here? on 09:31 - Oct 30 with 974 views

nodge_blue

Any FX dealers on here? on 09:26 - Oct 30 by Lord_Lucan

the thing about markets is that many, many analysts are already using their crystal balls to project forward. So the current price tends to reflect reality and a balanced view of what might happen next. So betting either way is just exactly that.

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Any FX dealers on here? on 09:33 - Oct 30 with 967 views

Blueschev

Any FX dealers on here? on 09:26 - Oct 30 by Lord_Lucan

I think I'll just pay them today rather than take the risk. I won't fool myself that I know what I'm doing! Cheers for the info.

Any FX dealers on here? on 09:35 - Oct 30 with 953 views

Lord_Lucan

Any FX dealers on here? on 09:33 - Oct 30 by Blueschev
I think I'll just pay them today rather than take the risk. I won't fool myself that I know what I'm doing! Cheers for the info.

Agree

We just bought at 1.2931

	“Hello, I'm your MP. Actually I'm not. I'm your candidate. Gosh.” Boris Johnson canvassing in Henley, 2005.
Poll:	How will you be celebrating Prince Phils life today

Any FX dealers on here? on 10:45 - Oct 30 with 846 views

ElephantintheRoom

I think you’ll find that a certain imminent event in the states at more or less the same time which is an unknown quantity will have far more effect than a budget that has been fully briefed already

Blog:

The Swinging Sixty

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