Forex Forum Archive for 11/05/2022

dc CB 15:50 GMT November 5, 2022
mkt

Mtl JP 04:48 GMT
New profit center opportunities
"We're gonna be shutting these plants down all across America, and having "wind" and "solar." - biden in cali nov 04 2022.

TUESDAY-----

Mtl JP 05:04 GMT November 5, 2022
mkt

Strategy and tactics - not one and the same
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Below is google translate on natgas inventories in Germany:

Federal network agency chief on energy emergency in winter
» If it gets really frosty, the memories are quickly drained «
Is the gas enough? How long do we have to last? Klaus Müller, the president of the network agency, explains what the Germans are entitled to – and why he does not want to become an energy-saving icon.

Germany’s gas storage facilities were 99.3% full, which, according to Mueller, is enough to keep the country going for up to ten weeks

»Wenn es richtig frostig wird, werden die Speicher schnell leergesaugt«

Mtl JP 04:48 GMT November 5, 2022
mkt

New profit center opportunities
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"We're gonna be shutting these plants down all across America, and having "wind" and "solar." - biden in cali nov 04 2022

We’re going to be shutting these plants down all across America

Mtl JP 04:24 GMT November 5, 2022
mkt

All it took was an arrogant ignorant populist to reveal UK financial / banking system's achillies meltdown spots
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Cathy Newman, Presenter channel 4:
We spoke to the Bank of England Governor Andrew Bailey after his announcement, and began by asking him how worried he was about the prospect of a downturn longer than the great depression of the 1930s.

Says Bailey “I think at the point when we intervened, I can tell you that the messages we were getting from the markets were that it was hours.”

Why ? Because Truss' “mini-budget” was about a huge tax cut to funded by a huge increase in borrowing and without telling how she / the government would pay it back.

Truss' fatantasy spooked traders who bailed on the pound and the price of UK government bonds collapsed into the toilet.

Economy was potentially hours away from meltdown, says Bank of England governor

hk ab 02:35 GMT November 5, 2022
end of year
Reply   
Seems some m/t players want to lock in profit before year end.

All the moves were justified by the "right" excuses.