EU BANKS| DOWNTREND | CHOP AHEAD | A solvency crisis incoming?Short chart idea about EU banks.
Expecting choppy times ahead. Currently, at the bottom of the downtrend.
I do not think that the worst case scenario is likely, although can never underestimate the strength of a potential domino effect to a solvency crisis. You can see the probable bottoms from
EUROSTOXXBANKS ut M ideaEUROSTOXXBANKS ut M idea
"Well someone told me yesterday
That when you throw your love away
You act as if you just don't care
You look as if you're going somewhere
But I just can't convince myself
I couldn't live with no one else
And I can only play that part
And sit and nurse my broken heart
S
European Banking positioning for major declinesEuro interest rates are negative and the curve remains flat with no end in sight. This is destructive to net interest margin and the sustainability of European banks. Investors are stepping away from bank shares, having sold throughout 2018 and prices are back to 2009, 2012, and 2016 levels. Euro
FESB1! (Euro Bank Index) - 85% Cyclical Short Trade? *smh*How does a bank make money when real interest rates are negative?
***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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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.