Cable Update (GBPUSD)

If you add up the national debt rise it would make the deficit right now $2.5T, if Biden got in it would be $ 3.5 T.
Either way, the deficit WILL go UP.
You'd have to go back before central banks existed to say a currency reflects the economy and definitely before 2008 to even say the stock market reflects anything real.
If you want to look at history for America's future I suggest looking at the Romans.

Biden stepping aside

it was obvious..

...it's always wise to be after the event...

yeah after being bitched slapped by himself

Looks like in a few months, we will be back to the chaotic market structure where everything changes with a tweet from Trump.

Trump is very likely to win the elections, i don't think we will see drastic changes in the US policies like the people talk about though.

There's a strong bureaucracy in the US. Presidents can't change much. Bureaucracy is making most of the important decisions. So i don't understand the hype going around about Trump nor Biden & Harris.

Anyways from the aspect of trading, Trump will be a pain for traders if he keeps doing what he did with his tweets during the time of his first presidency.

im gona try and get out of these GU longs if the dollar pops up on this news....

it didn't do shit with the head shot to trumps noggin so it knows dems gona win per my presidents chart

watch DJT and the dollar...his stock was sold off even with an assassination attempt and sympathy it provided

majority of americans don't want another 4 years of his chaos...only a bunch of foreigners on this site LOL

the last impediment for people to switch and vote dem was bidens age and mental acuity and now that's gone so republicans have nothing to point to


we can attack trumps age now

It’s still too early to say whether he will or not.

heres a copy and paste of what I said this morning...this was before joes announcement LOL

I had to do editing to keep it G rated for FF purposes LOL

but that pretty much was how it stood before joe quit now the odds are even better for democrats and a strong dollar

so please overlook the paste job but I didn't want to write this all over again in here



08:50:15 Z<Zebi> Trump announced on Thursday night that he would be “a president for all of America.” But that made-for-TV appeal from a former reality-TV host doesn’t match reality. While this week’s Associated Press poll found that 70 percent of Americans—including 65 percent of Democrats—thought that President Biden should end his candidacy, a striking 57 percent of Americans—including 26 percent of Republicans and 51 percent of independents—also want Trump to exit the race.
08:52:01 Z<Zebi> In this deeply divided country, it will require an absolutely united Republican Party outside the convention hall, as well as the overwhelming support of independents who have traditionally leaned Republican. Yet Trump’s retread message is unlikely to wow the doubters who cast unexpectedly high numbers of votes for Haley when she was in the race, and even after she left it.
08:52:17 Z<Zebi> And the longtime Republicans who might draw those swing voters into the fold— the Ryans and Mitt Romneys and Cindy McCains—were far from the convention hall in Milwaukee. They won’t show up for him on the campaign trail this fall. In fact, some of the most prominent of their number will very probably hit the trail for the Democratic ticket.
08:54:47 Z<Zebi> so 70% want biden to quit and 57 want trump to get lost too so when dems find a replacement for joe that person will be in a better position to beat trump since only the lunatic maga base will vote for him

09:16:42 Z<Zebi> as everyone knows 10 republicans voted for trumps impeachment the second time for insurrection
09:16:55 Z<Zebi> cheney being the most well known
09:18:17 Z<Zebi> i been lookin for 15 minutes for their primary results and the amount of republican votes they got and finally stumbled on politico LOL
09:18:52 Z<Zebi> of the ten...4 retired....2 won and 4 lost their primary challenges to trumptards
09:19:32 Z<Zebi> the ones that won and even cheney who lost got 30% of the republican vote
09:20:40 Z<Zebi> so that in any other universe except trumptardism means there lots of never trumpers wholl vote dem or write in or will just refuse to vote for trump and stay home election night
09:21:07 Z<Zebi> so how do the republicans think theyll win without 30% of their voting bloc
09:21:53 Z<Zebi> im pretty sure 99% of dems will vote for whoever is our candidate
09:22:22 Z<Zebi> lets say republicans steal some latino and black votes...how many can that be 5% ?
09:23:03 Z<Zebi> so again i ask the rooms tards how uall expect to win since the numbers dont line up for republicans?
09:23:30 Z<Zebi> ooops...i forgot to post a link
09:23:34 Z<Zebi> https://www.politico.com/news/2022/0...hment-00050991
09:26:21 Z<Zebi> im not gona waste anymore time on this so i wont look into the primary races of who won and by how much in those retired reps districts
09:26:48 Z<Zebi> but im willin to bet its the same 30% never trumpers in those 4 races too
09:28:35 Z<Zebi> so basically the 30% never trumpers pretty much cancell out the 30% magatards so what tdoes that leave trump with?
09:29:00 Z<Zebi> viva democracy

There is also a probability for the strong dollar due to already priced rate cuts for September. I personally will be looking for consolidation market/strong USD plays close to September.

@waveski.. yes, im smart after the event..
anyway, find yourself another potential victim.. you have no clients here.

What will be interesting is how the markets react to the news. Surely it gives Trump a clearer shot whilst chaos in the Dems is sorted out?

Biden bitch slapped himself a good times that even his own party were pushing him to quit. The thing is like the potential rate cut in September, Biden quitting was predicted, maybe this will tank the USD due to uncertainty?

Biden endorses Kamala Harris so that they can keep the campaign funding they have and use it to try and get a democrat in office. Her choice of VP will be interesting. Other than that it will be about how many people Trump can alienate outside of his core supporters.

he should resign.
If hes too demented to run, he is certainly too demented to be prez.

This keeps him out of the way and clears a path for Kamala to focus on the election race. He won't step aside gracefully!

It's becoming obvious why they wanted to take out Trump. They had always known Biden wasn't going to run. Right from the day Biden was sworn into office the calculation was how to get Ms. Harris there and the plan was to take out Mr. Trump and have an even fight between Ms. Harris and whoever the Republicans throw up.

But, this is politics. After 2020 I became certain that even if the powers that be want a donkey as president, a donkey shall indeed be president. If they say it's Ms. Harris, I refuse to argue. Their money, their country, their decision.

he can hardly step at all at this point

It is more about he can't remember the names of his senior advisors or follow the script on the teleprompter!