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Cable Update (GBPUSD)

  • #565,401
  • Dec 14, 2020 3:10am Dec 14, 2020 3:10am
Excess of buyers above 1.3396

free to go below 1.3380
Make money by doing the opposite of Giveachance aka loser
  • #565,402
  • Dec 14, 2020 3:11am Dec 14, 2020 3:11am
Quoting gespiri
{quote} As someone pointed out here previously, the EU is literally bankrupt. They're on supported by the ECB on money printing. Two countries, DE and NE (yes, little Holland, who own some of the largest businesses in the world), are economically driving the business sector. The rest are kaput. It doesn't have to be a nation, they can sell it within the UK.....there's enough demand for that. You can sell it in the Americans since they will SWALLOW up anything British/European. If IKEA can sell Swedish food, which are not cheap theoretically, why...
So obsessed with the fishing industry?

Sorry I thought we were discussing the fishing industry seeming as it is actually a lie and a large sticking point within the negotiations.

I thought you replied & were talking about fish.

Sorry my mistake
Que Sera
  • #565,403
  • Dec 14, 2020 3:11am Dec 14, 2020 3:11am
the consolidation is coming
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yes yes yes
  • #565,404
  • Dec 14, 2020 3:11am Dec 14, 2020 3:11am
retest or

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  • #565,405
  • Dec 14, 2020 3:14am Dec 14, 2020 3:14am
Quoting Catempire
{quote} So obsessed with the fishing industry? Sorry I thought we were discussing the fishing industry seeming as it is actually a lie and a large sticking point within the negotiations. I thought you replied & were talking about fish. Sorry my mistake
Probably my mistake too.
My other point is that the fish will go where the food is, whether in British or "EU" waters.
It's up to the skilled fishermen to catch them wherever they may be.
Lost....
  • #565,406
  • Dec 14, 2020 3:20am Dec 14, 2020 3:20am
In a no-deal situation Europe would have to buy more fish from the UK. Whilst the EU figures this out (over-fishing/ Supply < Demand) we could easily sell our fish to the Chinese as they struggle to feed their people.
  • #565,407
  • Dec 14, 2020 3:22am Dec 14, 2020 3:22am
Quoting Moty
1 word about gaps , there is no insurance that they will close . trade the graph , support and resistance {image}
have a look at the date

no datas between october and may?

don't mislead people
Make money by doing the opposite of Giveachance aka loser
  • #565,408
  • Dec 14, 2020 3:22am Dec 14, 2020 3:22am
Quoting gespiri
{quote} Probably my mistake too. My other point is that the fish will go where the food is, whether in British or "EU" waters. It's up to the skilled fishermen to catch them wherever they may be.
"The fisherman can always sell within the UK or to other non-EU countries"

It's this assumption that is the problem.

Markets for certain goods won't appear out of thin air... the market is ~Europe... its the biggest Single market in the world & one we will not find anywhere else...

America, The pacific, Asia or Africa will not be buying the goods we supply to Europe.

If we leave with No Deal there will be no market for these goods, they will not be sold. The fishermen will make less money despite Johnsons lies.
Que Sera
  • #565,409
  • Dec 14, 2020 3:24am Dec 14, 2020 3:24am
Quoting Steamroller
In a no-deal situation Europe would have to buy more fish from the UK. Whilst the EU figures this out (over-fishing/ Supply < Demand) we could easily sell our fish to the Chinese as they struggle to feed their people.
You've not been following this situation ?

If the UK steals back Quotas and takes full control of its waters & stops EU fishermen entering UK waters, the EU will ban UK fish from being sold on the continent.

Norway will ban Scottish boats from fishing in its waters.

You cannot have your cake and eat it in a 2 way trading partnership... life, business and agreements just do not work like that. Its pie in the sky.
Que Sera
  • #565,410
  • Dec 14, 2020 3:25am Dec 14, 2020 3:25am
Quoting Catempire
{quote} "The fisherman can always sell within the UK or to other non-EU countries" It's this assumption that is the problem. Markets for certain goods won't appear out of thin air... the market is ~Europe... its the biggest Single market in the world & one we will not find anywhere else... America, The pacific, Asia or Africa will not be buying the goods we supply to Europe. If we leave with No Deal there will be no market for these goods, they will not be sold. The fishermen will make less money despite Johnsons lies.
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The argument about UK fishing waters in EU negotiations is ridiculous to me. THIS IS ABOUT CONTROL AND DELAY, nothing more.

The also assumed that lockdowns will eliminate COVID. Well, that's not working.....why not try NOT locking down?
Lost....
  • #565,411
  • Dec 14, 2020 3:31am Dec 14, 2020 3:31am
Quoting gespiri
{quote} {image}The argument about UK fishing waters in EU negotiations is ridiculous to me. THIS IS ABOUT CONTROL AND DELAY, nothing more. The also assumed that lockdowns will eliminate COVID. Well, that's not working.....why not try NOT locking down?
It is bollocks but is also symbolic.

The fact of the matter is the UK is in the wrong on this... problem stemmed from Johnson lying to get the vote through and beat David Cameron, it was an easy sell, but it was a lie.

If the UK leaves on a No Deal it will in no way play out as people think.

Europe and the countries therein do not have to buy any UK goods & even if a deal were to land EU would not be buying as many UK goods due to hike in costs...

The fishermen & all most everyone on this island will be worse off, regardless.
Que Sera
  • #565,412
  • Dec 14, 2020 3:32am Dec 14, 2020 3:32am
Quoting gespiri
{quote} {image}The argument about UK fishing waters in EU negotiations is ridiculous to me. THIS IS ABOUT CONTROL AND DELAY, nothing more. The also assumed that lockdowns will eliminate COVID. Well, that's not working.....why not try NOT locking down?
Surely you can't travel that far out for fish ,scale of economics
the cost to get there in time and fuel
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #565,413
  • Dec 14, 2020 3:35am Dec 14, 2020 3:35am
I feel like she's building pressure...
Emotional Control. Process, not outcome.
  • #565,414
  • Dec 14, 2020 3:35am Dec 14, 2020 3:35am
Quoting Bones
{quote} Surely you can't travel that far out for fish ,scale of economics the cost to get there in time and fuel
One of many incidents......
https://www.seafoodsource.com/news/e...llegal-fishing
Fishermen from Alaska, Oregon, Washington, venture out to the Bering Sea close to Russian territory just to fish....
Lost....
  • #565,415
  • Dec 14, 2020 3:40am Dec 14, 2020 3:40am
Quoting gespiri
{quote} One of many incidents...... https://www.seafoodsource.com/news/e...llegal-fishing Fishermen from Alaska, Oregon, Washington, venture out to the Bering Sea close to Russian territory just to fish....
Yes on factory boats they are huge and spend months out at sea... all fish is snap frozen.
Que Sera
  • #565,416
  • Dec 14, 2020 3:43am Dec 14, 2020 3:43am
Quoting Catempire
{quote} Yes on factory boats they are huge and spend months out at sea... all fish is snap frozen.
Exactly.
The "UK fishermen" who are making a big stink about this are the big fishing corporations who have the most to lose. They're also the ones who have driven out small independent fishermen (who are now subcontracting for them) out of business.
Lost....
  • #565,417
  • Dec 14, 2020 3:43am Dec 14, 2020 3:43am
Quoting kk300
{quote} Added more at 3190. I know it will go to 2900.. but my system is telling me to buy to 3400.. the more time it takes to go there, the reduced target there will be..
Well.. nobody noticed...
  • #565,418
  • Dec 14, 2020 3:46am Dec 14, 2020 3:46am
Quoting gespiri
{quote} Exactly. The "UK fishermen" who are making a big stink about this are the big fishing corporations who have the most to lose. They're also the ones who have driven out small independent fishermen (who are now subcontracting for them) out of business.
That's the world over isn't it... everything is headed in that direction.

Amazon & Tesco for shops & big brewery companies for hospitality.

The difference is, Fishermen still make very good money or at least, they did, before Brexit.
Que Sera
  • #565,419
  • Dec 14, 2020 4:03am Dec 14, 2020 4:03am
Quoting Konichiwhaat
I feel like she's building pressure...
OK, lets see
Emotional Control. Process, not outcome.
  • #565,420
  • Dec 14, 2020 4:04am Dec 14, 2020 4:04am
Quoting Kaysole
A possible scenario that I'm anticipating {image}
The first leg up happened as anticipated.
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