BearyBear

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About BearyBear

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  1. Thanks for posting, excellent content and interviewer, contrary to some others she actually let him talking and shown a big respect!
  2. That is funny 3:11pm, Breaking News Trump Advisers Consider Interim China Trade Deal to Delay Tariffs https://www.bloomberg.com/news/articles/2019-09-12/trump-advisers-consider-interim-china-trade-deal-to-delay-tariffs?srnd=premium 40 mins later... TRUMP ADMIN "ABSOLUTELY NOT" CONSIDERING INTERIM CHINA DEAL: CNBC BBG fake news https://twitter.com/zerohedge/status/1172160762040770561
  3. He said he doesn't care about the exchange rate, also that his job is not to weaken euro.
  4. A journalist has actually asked Draghi to comment this tweet...
  5. Meanwhile at ECB... https://www.ecb.europa.eu/press/pr/date/2019/html/ecb.mp190912~08de50b4d2.en.html At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The interest rate on the deposit facility will be decreased by 10 basis points to -0.50%. The interest rate on the main refinancing operations and the rate on the marginal lending facility will remain unchanged at their current levels of 0.00% and 0.25% respectively. The Governing Council now expects the key ECB interest rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2% within its projection horizon, and such convergence has been consistently reflected in underlying inflation dynamics. (2) Net purchases will be restarted under the Governing Council’s asset purchase programme (APP) at a monthly pace of €20 billion as from 1 November. The Governing Council expects them to run for as long as necessary to reinforce the accommodative impact of its policy rates, and to end shortly before it starts raising the key ECB interest rates. (3) Reinvestments of the principal payments from maturing securities purchased under the APP will continue, in full, for an extended period of time past the date when the Governing Council starts raising the key ECB interest rates, and in any case for as long as necessary to maintain favourable liquidity conditions and an ample degree of monetary accommodation. (4) The modalities of the new series of quarterly targeted longer-term refinancing operations (TLTRO III) will be changed to preserve favourable bank lending conditions, ensure the smooth transmission of monetary policy and further support the accommodative stance of monetary policy. The interest rate in each operation will now be set at the level of the average rate applied in the Eurosystem’s main refinancing operations over the life of the respective TLTRO. For banks whose eligible net lending exceeds a benchmark, the rate applied in TLTRO III operations will be lower, and can be as low as the average interest rate on the deposit facility prevailing over the life of the operation. The maturity of the operations will be extended from two to three years. (5) In order to support the bank-based transmission of monetary policy, a two-tier system for reserve remuneration will be introduced, in which part of banks’ holdings of excess liquidity will be exempt from the negative deposit facility rate. Separate press releases with further details of the measures taken by the Governing Council will be published this afternoon at 15:30 CET. The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 14:30 CET today. Currently EURUSD & EURGBP down, Gold & Silver up, FTSE100 & SP500 up.
  6. Words like that from DB chief, wow..! He must be reading our forum or wolfstreet.com...
  7. I was only looking at US listed companies, the idea is to make some money on the final melt up and semis should be good for it. We will see how it goes, I've allocated less than 10% of my capital for these so not a big risk...
  8. I've created my own Semiconductor ETF (all shares have equal weight): Analog Devices Applied Materials ASML Holding Entegris INC KLA Corp LAM Research Micron Technology NVIDIA NXP Semiconductors
  9. Silver went mad today, it shows over 4% up! I was expecting a breakout today but not of that size... and it's still moving..! With that momentum maybe we'll get to $26 earlier than I anticipated. GBPUSD has a nice bullish daily pinbar, I don't trade FX anymore but that looks like a good buying opportunity and a potential reversal from here.
  10. There is a very high probability of getting there in less than 6 months. Obviously not a trading advice just an opinion.
  11. I've just checked ARB and it has a massive spread on my platform! (IG ISA) sell: 9.699 buy: 10.500 What spreads do you have guys?
  12. GBPUSD lowest since Jan 2017... will be interesting to watch if it finds buyers at this level. Glad I'm still holding my USD denominated longs on PMs. Speaking about PMs... Gold is trapped in a small range 1518 - 1533, but it's forming some sort of ascending triangle, should break to the upside soon. Silver is slowly preparing for an attack of 18.65 level. Above that, the key resistance is far far away at $26 with some minor levels at $20.00 and $21.00 so expect a quick ride. Happy trading everyone!
  13. When I was with Tesco Bank 2 years ago I did speak to a guy who was responsible for daily reconciliation and he said there is very little incentive to pay savers more as they can get funds cheaper from elsewhere... I've just got a letter from them saying they're lowering interest rate on my saving account from 0.55% to 0.35%, so I bet it's still the same.