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Kodiak

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Posts posted by Kodiak

  1. 1 hour ago, Caseynotes said:

    Fears for Deutsche Bank and the possibility of a ECB rate cut today.

    Holger Zschaepitz @Schuldensuehner

    21m

    A further rate cut would be catastrophic, especially for German banks. Goldman estimates that 20bps cut (effectively what mkt has priced in between now and Sep), would trigger aggregate losses in 32 banks they cover of €5.6bn, about a 6% cut to profits. (Chart via @DiMartinoBooth)

     

    image.thumb.png.bd5c6c5ebc507186dfa36bf4c83a7154.png

    "

    What else can the ECB do?

    Draghi has always talked about “mitigation” of negative rates -- and that doesn’t have to mean tiering. One option might be for the ECB to start buying bank bonds, which would lower lenders’ funding costs as a way to offset the impact of another deposit-rate cut,"

     

    https://www.bloomberg.com/news/articles/2019-07-23/ecb-rate-cut-plan-puts-worried-banks-on-lookout-for-sweeteners

    • Like 1
  2. DOW Weekly line chart

    Broken out of a 18 months consolidation 

    Cant see where they will find the fuel to make this rally continue, but that has never stopped them before😏

    Could be a false breakout and back in the consolidation?

    The key area will be 26 600-26 700 and a retest of the breakout, then its make or break?

     

     

    DOW Weekly.png

  3. Lots of "rumors" 

    Saw this about CFDs in Aussie-land

    "Regardless of whether customers of Australian brokers are from overseas, soon the regulator in the Land Down Under is expected to change the rules of the game. With its newly minted product intervention powers, ASIC is expected to ban products that it deems toxic in the coming weeks.

    To date, there is no specific information as to what those might be; however, the vast majority of the market is expecting a complete ban of binary options and some limitations to CFDs. As previously emphasized by Finance Magnates, one senior executive in the industry from a major brokerage shared privately that he is hearing about a complete ban on CFDs for retail investors."

    https://www.financemagnates.com/forex/brokers/exclusive-what-aussie-brokers-are-doing-with-overseas-clients/

     

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