Be aware there could be big news around the corner – U.S Dollar gathers pace and bond markets are stressed
I do not want to cause a panic but I am starting to get the feeling that we could have some major news coming out fairly soon.
The Dollar appears to be strengthening at an extremely rapid pace and is very jumpy. The last time I saw rates acting like this was in 2008 and we all know what happened then… Yes there is the argument that the Dollar is acting as such due to growing concerns over the Euro but also it just seems that there is a lot going on and a fairly consistent climb for the greenback against everything.
I’m not saying that we are definately due to see something major, but this is only my personal opinion and I just have a funny feeling about the path that currency rates have taken this week, you do tend to see a sell of at the end of a month which can present fairly big movements but i’m not sure this is all down to that.
One thing that is guaranteed is that we have a really rocky period ahead of us whatever you are looking to do.
If you have a currency transaction to carry out then you need to have a broker on your side, and an active one as well as rates are jumping around a lot without warning, so unless you are able to keep a close eye on rates all day every day then make sure you have assistance. I can help you with bank to bank transfers, we have numerous contract types available such as a limit order, stop loss and forward contracts. Feel free to contract me directly by emailing me djw@currencies.co.uk or calling me directly 01494 787 478 please ask for Daniel Wright.
