Get started

Banks

6000 employees cut from UnicreditAnother bank, the same story "The Italian bank may lose as many as 10,000 staff in a new strategic plan." It just proves that the banking sector continues to suffer... only a few will survive. For that, they need to restructure and optimize the service. UniCredit joins other large European banks slashing costs and reducing job numbers as they seek to adapt to low-interest rates that make it harder for lenders to increase revenue. Deutsche Bank AG plans to cut 18,000 positions in a sweeping overhaul, while Societe Generale SA in April announced plans to cut 1,600 jobs globally and exit capital-intensive businesses.
MIL:UCG
by Market_Referee
What happened with EURUSD (EXPLAINED and WHAT NEXT)Hello Traders ! We have seen EURUSD dropping a lot today. But WHY? Actually we have seen there a nice daily level of support which was broken today. Also a Demand Zone. The thing this the Demand Zone became a Supply Zone due to the pressure from the sellers and pushed the price to the downside. We have seen that on the news today. They were good for EUR but it went immediately down which indicates us the pressure from the sellers. What Next? My thoughts are that the price will go up to the Supply Zone again. I don't see the Supply Zone very strong because the h4 close shows bullish pressure. We are right now at a daily level of Demand which is very strong. From this Demand Level I expect in all scenarios a push to the Upside. This Up Move is still confirmed by Elliot Wave. The question right now is: Will it drop again from the Supply Zone? The answer to this question can only tell us Price Action . We need to watch it carefully. Also consider that all the retail Trader will short the EU at the resistance line which was the previous daily level of support. My thoughts are to buy at the daily level at the bottom and to swing trade EURUSD to the upside or to scalp it till the Supply Zone. Let me now in the comment section below your view on EURUSD and what you think about my Analysis. Please leave a Like Thank you and we will see next time - Darius.
Long
by DariusFxTrading
4
Oil Reversal Pattern, Daily Fake Out?Oil has been on a very prolonged downtrend after the market calculates affects on Chinese oil demand as parts of the country shut down. Last week the highways in and out of Beijing were shut down. It is very likely the coronavirus numbers are much worse than are reported by the Chinese government. Oil here is showing an exhaustion in the downtrend. We seem to not be making anymore lower highs...or it is tough to make a new lower high. From here, we have a double bottom, and potentially looking for a head and shoulders too which will give us our first HIGHER LOW in the new trend. 52 is an important flip zone not only because it is the lower high swing we are playing with on the 4 hour, but is also a big daily level: This of course is the big support level we have been watching and we are retesting this now. In this downtrend on the daily we have made 2 lower highs so it is beginning to be an extended move. Watch to see how price reacts at this level and if we can get a daily close above here. My thoughts on oil are still the same: Oil should be heading lower due to the supply glut and the world is slowing down. This has been my opinion before the coronoavirus and the China issues. However, oil must be propped up because the last time oil fell, banks in America were essentially forced to provide loans to these oil/shale companies, knowing very well they won't pay them back. They were forced because it meant thousands of high paying American jobs on the line. These oil/shale companies are now zombie companies. Oil now affects the financial sector. If oil issues occur, there will also be bank issues. This is why oil will need to be propped up.
TVC:USOIL
by Uncharted-FX
USDCAD short (Don't get trapped on USDCAD, EXPLAINED, STOP HUNT)Hello Traders ! USDCAD is right now at a daily Supply Zone. Also we can see another level of Supply. The question right now is which one will be the order block who will bring the price back down. It would not surprise me if the price will make a liquidity push to the upside. We need to keep in mind that a lot of retail trader would take shorts now. The banks will see this liquidity in the market and will do Stop Hunting with all the retail traders. So keep that in mind. Of course you could take shorts now. But I would consider to wait for the valid retest and to watch price action in order to give you the confirmation. Target: The target would be the Demand Zone. Thank you and we will see next time - Darius.
Short
by DariusFxTrading
Deutsche Bank: Projected top and long term Sell Entry.Deutsche Bank (DB) has been on a strong medium term rise on the 1W chart since the August low (RSI = 65.146, MACD = 0.232, ADX = 21.619, Highs/Lows = 0.9691). This rise is the bullish leg of the long term Channel Down (since 2012), that is aiming for a Lower High inside the pattern. The previous Lower High bounces have been 85% on average and the last one made a peak on the 0.500 Fibonacci retracement level. Currently this level is at 11.35, which fits the +85% rise model. This is also where the price meets the technical rejection point of the 1W MA200 (orange line) which has been acting as a Resistance since May 2008. With the RSI already inside the Sell Zone, we believe it is best to wait for this top to form and sell back towards the 6.45 Low. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NYSE:DB
by InvestingScope
BACK IN THE GAME... LET'S SMASH 2020 TOGETHER!!Been away from trading due to holidays (Thank you Isreal you were amazing!!) So here we are in a long term descending channel from a higher timeframe. Price will most certainly reach the top and re-test it. And during this long term channel, we have a shorter ascending channel with a perfect place to enter. HOWEVER... If it was only that easy ever retail trader would make money! The banks know this and manipulate to market to take out all the stop losses for liquidity. They need this as their orders are so big, price would just shoot if they tried to place them all at one level. GOLDEN RULE - - - FOR A TRANSACTION TO TAKE PLACE ON THE MARKET, THERE MUST BE A BUYER AND THERE MUST BE A SELLER. ALWAYS.
Long
by joebrownFX
Planning a trade wayyy before it happens.... HERE'S HOWI'm expecting price to return to the long term descending channel as there is a lot of liquidity there for the taking. I expect this to happen via the channel breaking (wiping out stop losses) then price to continue downward. I have a trade idea already generated before price even reaches that destination, so when it does I am fully prepared for any scenario. If you can try and look to the future then you will get a better feel for the markets. I struggled to explain this one, sorry. Happy trading!
Short
by joebrownFX
6
Long on KBE WHY KBE? KBE - tracks an equal-weighted index of US banking stocks. Meaning, The big boys (Banks) and the smaller ones gets an equal -weight. With small cap ( IWM ) leading the major index last week and the finance sector ( XLF ) being under the radar with good earnings, we might c a major breakout 2 the whole finance sector. In the technical point of view' i identify one of my favourite pattern , The ascending triangle. With that said, We might c KBE gets the upside i am waiting 4.
AMEX:KBELong
by tsippi100
USDJPY short (Video Analysis) Bank Trap Why ?Hello Traders ! Nice move on USDJPY. It broke through the Resistance/Supply Zone. This was not a surprise actually. A lot of people saw that "nice" Resistance and jumped into shorts. USDJPY is currently near at a Supply Zone. Watch Price Action for the Entry and Confirmation. Hope you enjoy my Analysis. Let me now in the comment section below your view on USDJPY and what you think about my Analysis. Please leave a Like Thank you and we will see next time - Darius.
Short
by DariusFxTrading
8
Canadian Banks (UPDATE)Canadian bank stocks haven't really moved in 2 years. This consolidation has confused both bulls and bears, but it will come to an end by the end of this year (2020). Breaking above the all-time high will be a big buy signal, as it will indicate that the cyclical bull market is still intact. However, breaking below the major upward trendline will confirm a change in trend. Current the bias is to the upside, but this can quickly change if time runs out and price doesn't make it above the all-time high. Based on my own fundamental analysis of the Canadian banking sector, there are significant problems brewing that could heavily impact equity values. Bank assets that are included in this bank index are mainly composed of speculative loans (+75% of bank balance sheets) to the real estate and financial sector. In China it's the opposite situation, where most bank assets are held by corporations who are engaged in some kind of productive activity. Thus, in Canada if there is a shock in the asset values of the speculative assets underlying the loans it will have a severe negative impact on Canadian bank equity. Also, remember that Canada's yield curve is currently negative. This is a big sign of a recession ahead for the country. Households are holding a significant amount of debt (almost the highest ratios in the world), and are staring at some of the highest asset valuations in history. Moreover, manufacturing is contracting. There are no industrial policies in Canada at the moment that could counteract these trends, and it doesn't seem like Canadian governments are shifting away from laissez-faire policies. PS. If you found this idea useful/interesting be sure to follow me on my Twitter account where I post more frequently. The link can be found on my TradingView profile or @ErikFertsman.
TSX:TXBA
by Trader6127