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BKX

Gold vs BanksThis chart shows the ratio of XAUUSD vs BKX bank index Gold is typically considered a secure investment in times of economic uncertainty The KBW Bank Index (ticker BKX) tracks the stocks of 24 major banking companies since the early 90s. This index serves as a benchmark of the banking sector. During the Great Financial Crisis of 2007–08 questions regarding bank solvency, declines in credit availability and damaged investor confidence had an impact on global stock markets. Gold surged in price relative to the bank index. Another surge in this ratio can be seen during the 2011 Credit Crisis, Standard & Poor's downgraded America's credit rating from AAA to AA+ on 6 August 2011 for the first time. Fears of contagion of the European sovereign debt crisis also increased at this time. Since 2013 the narrative has been rather consistent confidence in the banks. Gold has lost strength while real yields on Treasuries have risen. During the earnings recession of 2015-2016 fear returned of economic slowdown and rising defaults in junk credit. Recently with the flattening yield curve fears of slowing economic activity took over markets towards the end of 2018. Projections of another recession are expected for the years ahead possibly by 2020.
FX:XAUUSD
by dime
$BKX Bankex: What Token is This?BANKEX provides the universal solution which can transform different asset classes to a digital system/field/economy/area providing it with liquidity, flexibility, and safety for asset owners and investors like never before. Bankex is the platform where you are able to make your own token for your business. Token Franchise! Great idea isn't it? But hold on, even so, we don't really this one making a great sentiment towards the price because it's just so young. Listed on coinmarketcap.com February this year and all it did is rekt-ing their holders. But nice move from the low of it @ 639 and i think this one is a dead cat bounce to the price at the current moment is 1243 sats. Well the indicator also saying this one need to chill before i can really jump in. Buy order should be around 844 - 1005 sats and the second entry will be waiting if it's gonna dragged down to 639 again and below. ************************************************************************* If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot! TIPS: PATIENCE & PERSISTENCE ARE KEY TO SUCCESS RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. I will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit. ------------------------------------------------------------------------- www.tradingview.com Rules: #1 Always obey tradingview.com house rules #2 Always read the description #3 Don't spam on the comment section #4 If you wanted to request my opinions about a coin/token just give 10 likes on my published charts and I will do it the day or two after #5 My opinions are not financial advice, follow it at your own will and your own risk #6 Together, let's build a better community on this platform -------------------------------------------------------------------------
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by blockchaindedi
US BANK INDEX - 15% Countercyclical Trade?The selloff has been fairly steep in this index as we now trading below the descending channel. We are very oversold here, so let's look for a re-entry back into the channel and see if we can hit channel resistance before we get another consolidating sell-off. Here's the weekly snapshot: We can see we are close to the EMA200 and will probably need to retest resistance before we break below it. ***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
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by Trader6127