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Cable Update (GBPUSD)

  • #667,361
  • Jul 5, 2022 1:45pm Jul 5, 2022 1:45pm
Aucad short at 0.88620
  • #667,362
  • Jul 5, 2022 1:46pm Jul 5, 2022 1:46pm
...some no mark junior trade minister has resigned too. Someone that no one's ever heard of but it's just a warning shot to tell Bojo that they do have a 2nd round ready to fire if he doesn't go. Right now he will likely be offering the chancellorship to Gove but he too has history of disloyalty to Bojo when instead of running his campaign when Cameron resigned he stood for the leadership himself, losing to May. So, it's probably down to him right now as to which way Bojo will move.
Trader with an Edge.
  • #667,363
  • Jul 5, 2022 1:50pm Jul 5, 2022 1:50pm
Gold short at 1767
  • #667,364
  • Jul 5, 2022 1:56pm Jul 5, 2022 1:56pm
[quote=Houtbay;14055792]Gold short at 1767[/quote]


Nice trade.

Spot on.

In future appreciate if you can provide chart.

Thanks
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,365
  • Jul 5, 2022 1:58pm Jul 5, 2022 1:58pm
Quoting Headland
...some no mark junior trade minister has resigned too. Someone that no one's ever heard of but it's just a warning shot to tell Bojo that they do have a 2nd round ready to fire if he doesn't go. Right now he will likely be offering the chancellorship to Gove but he too has history of disloyalty to Bojo when instead of running his campaign when Cameron resigned he stood for the leadership himself, losing to May. So, it's probably down to him right now as to which way Bojo will move.
i suppose what we don’t know is who out of those resigned actually voted for him to go last month?
Insane in the Brain..
  • #667,366
  • Jul 5, 2022 2:17pm Jul 5, 2022 2:17pm
When Gbpusd made new low and going more low, it’s important that Usdcad must to go new high, which still waiting, hope end of this week or May be tomorrow we will achieve 1.3175
  • #667,367
  • Jul 5, 2022 2:20pm Jul 5, 2022 2:20pm
Quoting Pat Chiko
{quote} I'm out from the trade, wait for reaction. This going to be bad for GBP. If in position , let get it locked Going for short......... {image}

GU

Scalp short.

Hope by tomorrow morning BOJO will jumping a sinking ship.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,368
  • Jul 5, 2022 2:23pm Jul 5, 2022 2:23pm
Silver long tp 19.4
  • #667,369
  • Jul 5, 2022 2:28pm Jul 5, 2022 2:28pm
Quoting Pat Chiko
{quote} GU Scalp short. Hope by tomorrow morning BOJO will jumping a sinking ship. {image}
He won’t resign
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Insane in the Brain..
  • #667,370
  • Jul 5, 2022 2:31pm Jul 5, 2022 2:31pm
Quoting BeeTogether
{quote} He won’t resign {image}

Blimey! Now what does this mean and where will it lead?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,371
  • Edited 2:51pm Jul 5, 2022 2:33pm | Edited 2:51pm
Quoting BeeTogether
{quote} i suppose what we don’t know is who out of those resigned actually voted for him to go last month?
Absolutely, that 1922 committee confidence vote in the tory party was s secret ballot. He may try and limp on till the summer recess but I doubt it, I think it is a coordinated move although those that have already shown their hand are denying it, as they always do ('...well they would - wouldn't they...' as the famous saying goes re the 1960's profumo scandal.) I think it will depend on other so far 'undeclared' cabinet secretary's like Zahawi etc now...another one or two cabinet resignations and/or a raft of middle-ranking ministers of state should see him off but if it fizzles out he might try and ride it out till that summer recess in a couple of weeks and try and regroup. Wallace has played the loyalty card knowing he could beat Truss in a leadership contest amongst that constituency after she declared first - a calculated move by him. Patel similarly too, (and the embarrassingly fawning Dorries, and the minister for the 19th century - Rees-Mogg) but again she has nothing to lose as she owes all to Johnson after her own bullying scandal. Raab doesn't matter really - he's so dim as to be unimportant. The likelihood (although not certainty,) is though that he will be gone in the next few days.
Trader with an Edge.
  • #667,372
  • Jul 5, 2022 2:36pm Jul 5, 2022 2:36pm
NZDCAD LONG

TP 0.8108
My telegram: https://t.me/avidforex
  • #667,373
  • Jul 5, 2022 2:37pm Jul 5, 2022 2:37pm
Quoting BeeTogether
{quote} i suppose what we don’t know is who out of those resigned actually voted for him to go last month?
They going to replace those two with Ant and Dec ?........ Correct ?
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,374
  • Jul 5, 2022 2:40pm Jul 5, 2022 2:40pm
Quoting Headland
...some no mark junior trade minister has resigned too. Someone that no one's ever heard of but it's just a warning shot to tell Bojo that they do have a 2nd round ready to fire if he doesn't go. Right now he will likely be offering the chancellorship to Gove but he too has history of disloyalty to Bojo when instead of running his campaign when Cameron resigned he stood for the leadership himself, losing to May. So, it's probably down to him right now as to which way Bojo will move.
This last so far............ getting better........
So far tonight 8 Tory MP's resign:

Sajid Javid
Rishi Sunak
Jonathan Gullis
Saqib Bhatti
Anthony Browne
Bim Afolami (also Tory Vice Chairman)
Andrew Murrison
Jo Gideon
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,375
  • Jul 5, 2022 2:43pm Jul 5, 2022 2:43pm
Quoting Pat Chiko
{quote} This last so far............ getting better........ So far tonight 8 Tory MP's resign: Sajid Javid Rishi Sunak Jonathan Gullis Saqib Bhatti Andrew Browne Bim Afolami (also Tory Vice Chairman) Andrew Murrison Jo Gideon
Lol, yeh, and of course no-one's ever heard of numbers 3-8 in the list...no matter though as it's the numbers of them in that category that matter, not the names.
Trader with an Edge.
  • #667,376
  • Jul 5, 2022 2:46pm Jul 5, 2022 2:46pm
Quoting Headland
{quote} Lol, yeh, and of course no-one's ever heard of numbers 3-8 in the list...no matter though as it's the numbers of them in that category that matter, not the names.

By looking at the event so far, I think these aren't resignations over Chris Pincher and two cabinet ministers - Sunak and Javid - don't resign within minutes of each other without it being coordinated.

A leadership challenge is coming.

Boris Johnson is a goner by tomorrow.....
Johnson who is fighting, entirely on his own.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,377
  • Jul 5, 2022 2:48pm Jul 5, 2022 2:48pm
Easy 160 pips
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yes yes yes
  • #667,378
  • Jul 5, 2022 2:55pm Jul 5, 2022 2:55pm
Quoting Moty
Easy 160 pips {image}
In comparison GOLD is much easier with 450 pips......
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,379
  • Jul 5, 2022 3:03pm Jul 5, 2022 3:03pm
Quoting Pat Chiko
{quote} By looking at the event so far, I think these aren't resignations over Chris Pincher and two cabinet ministers - Sunak and Javid - don't resign within minutes of each other without it being coordinated. A leadership challenge is coming. Boris Johnson is a goner by tomorrow..... Johnson who is fighting, entirely on his own.
Both Sunak (more his wife) and Javid where using tax exemption schemes. Also Sunaks family has USA green card which contradicts permanent residence. All this added pressure on them.
Can not work one way, exempt tax payments yourself, but increase to all UK citizens.

https://www.theguardian.com/politics...s-taxes-labour

https://www.ft.com/content/e7a7d785-...e-884caeb82a05
  • #667,380
  • Jul 5, 2022 3:42pm Jul 5, 2022 3:42pm
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