Cable Update (GBPUSD)

Quoting Moty

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Quoting Abeylyn

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{quote} {image} Here is my 15 min. chart. Still waiting for an opportunity to go short... Hopefully achieved during news release. I have a Sell limit order @ 1.334x. That should equate a re-visit of the current upper zone. May also Short around 5618 1.3319/33 depending on price movement.

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Quoting Guy1969

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White House weighing plan to slash China tariffs to as low as 50% - report. And so the pressure mounts on the US, who is more desperate for a trade deal than China is. Asia session should see some fireworks.

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Quoting ib1985ib

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{quote} I disagree on who is more desperate. Year 2025. (Picture data with s&p500 and others). In 2023, China exported approximately 14.8% of its total global exports to the United States, with a value of $502 billion. While the US is China's largest export market, the share has decreased from 19% in 2018 to 14% in 2023, according to CaixaBank Research. Who will be in trouble more, and who will benefit more is the question....

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Quoting Guy1969

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{quote} China can do most of what the US can do, and sometimes even better. Deepseek is case in point. The US decided on their own, ahead of this weekends meeting to lower tariffs, that says it all. For most countries this was about a trade war, when it comes to China, it is more about keeping them pinned down, because they are the one economy that is capable of giving the US a run for their money. So the question is, why now all of a sudden? Earlier today news broke of China having trade talks with Russia, and a week ago China pivoting to Canada...

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Quoting ib1985ib

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{quote} Canada can only export what USA allows them. Remember you are forgetting the military power too. If big power can't control you economically they will use power. Carney went to see Trump, Carney was listening to Trump and what he has to say not the other way around. Carney is sold to Trump, problem solved on that end. I agree to disagree with certain things you mentioned. China is more desperate than USA. USA #1 economy and military power. China #2 economy, #3 military power. Watch that video I shared, and I pretty much shared the data economy...

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Quoting Guy1969

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{quote} Fresh off the press, more and more of China going elsewhere. https://www.forexlive.com/news/china...tina-20250508/ And who sits on all the rare earth metals? Not the US I'm afraid.

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Quoting ib1985ib

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{quote} The top 10 countries by rare earth metal production are China, the United States, Myanmar, Australia, Nigeria, Thailand, India, Russia, Vietnam, and Brazil. China dominates global production, followed by the United States.

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Quoting Guy1969

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{quote} From a GDP, and GDP growth perspective, one only needs to look at the pace at which the Chinese economy is expanding. China expanded by 5% in 2024 alone. at that rate, it will take them less than 7 years to catch up to the US economy. GDP monetary, they are now just under roughly US$9trillion behind the US, and that's what this is about. Trump did not slap any other country with 145% tariffs, only China, ever wondered why?

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Quoting ib1985ib

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{quote} In 2025, the United States has a significantly larger GDP than China. The US GDP is estimated at $30.51 trillion, while China's is at $19.23 trillion. This means the US economy is roughly 1.6 times larger than China's in terms of nominal GDP. China's GDP is not higher than the United States' GDP when measured in nominal terms (USD). The United States still has the largest GDP in the world. However, when measured using Purchasing Power Parity (PPP), which accounts for differences in the cost of goods and services between countries, China's...

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Quoting Guy1969

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{quote} My GDP focus was on growth pace. In short, all I'm saying is, there's a bigger undertone to this tariff war than meets the eye.

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Quoting ib1985ib

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{quote} In recent years, China's GDP has grown faster than the US, but the US still has a larger overall GDP. While China's economy has shown strong growth, the RAND Corporation notes that China's GDP is no longer catching up with the US, falling from 77% of US GDP in 2021 to 64% last year. Future outlook: The RAND...

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Quoting Abeylyn

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{quote} {image} {image} Still going good. 80% of the trade will be closed here while 20% allowed to contend with Asian session retracement.

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