Deutsche Bank - swing trade - buy on 1 H
Technical view
- RSI is heavy over selled on 1 to 4 hour chart
- MACD baselines going to cross bullish soon
- market price near important support 6,91
- possible double bottom on 1 H is confirmation for long entry
Fundamental view
without Deutsche Bank, Donald Trump would never have become US President. At least that is what experts and journalists who have been dealing with the relationship between the entrepreneur and the financial institution for years believe. What was a sober business relationship for Deutsche Bank subsequently turned out to be a key success factor for Trump. Now this relationship is apparently taking revenge for Deutsche Bank. The institute is threatened with immense damage to its reputation.
At a time when all other banks had turned their backs on Trump due to several bankruptcies, Deutsche Bank gave him repeated loans. Even after he went bankrupt six times. According to reports, it has been more than two billion US dollars in the past two to three decades. When Trump became US President in January 2017, he still had 340 million US dollars (305 million euros) in debt to Deutsche Bank. At the moment it's still 130 million dollars.
Now Trump is suing the bank together with his children, the Trump organization and the Trumps trust company. The aim is to prevent the bank from being summoned to Congress. This would also involve the investigation of Trump's finances and tax returns. Deutsche Bank has been caught in a crossfire that is likely to continue for several months. But the question also arises why Trump so vehemently wants to prevent his finances from being disclosed to Congress.
One thing is clear: Deutsche Bank is not accused of any legal misconduct. Corresponding reports that Trump is suing Deutsche Bank are factually correct, but they still convey a false picture. Because in the process it is not at all the object of interest. If Deutsche Bank made mistakes in the Trump case, it might be business ethics. If Deutsche Bank could be accused of something, it might be a lack of risk assessment or deliberate ignoring of financial warning signals. From a legal point of view, however, there is currently no suspicion that the bank acted illegally by repeatedly granting loans
Deutsche Bank becomes a US election campaign theme for 2020
The bank itself takes itself out of the legal firing line in a statement. "As the plaintiffs themselves have stated, Deutsche Bank is named in this case for technical reasons in order to bring the facts to court,"; it says at the request of Business Insider. "Deutsche Bank is therefore not the subject of interest in this dispute, nor is it accused of misconduct. " Now the bank wants to "support all official investigations with adequate information and follow the court decision";.
However, it should be in Deutsche Bank's interest to get the matter over with as soon as possible. The more often Deutsche Bank is mentioned in the campaign of US opposition politicians against Trump, the more its image suffers. Among the democrats there are still individual voices hoping for an impeachment procedure. If that doesn't happen, Trump's relations with Deutsche Bank will become a campaign issue next year
- RSI is heavy over selled on 1 to 4 hour chart
- MACD baselines going to cross bullish soon
- market price near important support 6,91
- possible double bottom on 1 H is confirmation for long entry
Fundamental view
without Deutsche Bank, Donald Trump would never have become US President. At least that is what experts and journalists who have been dealing with the relationship between the entrepreneur and the financial institution for years believe. What was a sober business relationship for Deutsche Bank subsequently turned out to be a key success factor for Trump. Now this relationship is apparently taking revenge for Deutsche Bank. The institute is threatened with immense damage to its reputation.
At a time when all other banks had turned their backs on Trump due to several bankruptcies, Deutsche Bank gave him repeated loans. Even after he went bankrupt six times. According to reports, it has been more than two billion US dollars in the past two to three decades. When Trump became US President in January 2017, he still had 340 million US dollars (305 million euros) in debt to Deutsche Bank. At the moment it's still 130 million dollars.
Now Trump is suing the bank together with his children, the Trump organization and the Trumps trust company. The aim is to prevent the bank from being summoned to Congress. This would also involve the investigation of Trump's finances and tax returns. Deutsche Bank has been caught in a crossfire that is likely to continue for several months. But the question also arises why Trump so vehemently wants to prevent his finances from being disclosed to Congress.
One thing is clear: Deutsche Bank is not accused of any legal misconduct. Corresponding reports that Trump is suing Deutsche Bank are factually correct, but they still convey a false picture. Because in the process it is not at all the object of interest. If Deutsche Bank made mistakes in the Trump case, it might be business ethics. If Deutsche Bank could be accused of something, it might be a lack of risk assessment or deliberate ignoring of financial warning signals. From a legal point of view, however, there is currently no suspicion that the bank acted illegally by repeatedly granting loans
Deutsche Bank becomes a US election campaign theme for 2020
The bank itself takes itself out of the legal firing line in a statement. "As the plaintiffs themselves have stated, Deutsche Bank is named in this case for technical reasons in order to bring the facts to court,"; it says at the request of Business Insider. "Deutsche Bank is therefore not the subject of interest in this dispute, nor is it accused of misconduct. " Now the bank wants to "support all official investigations with adequate information and follow the court decision";.
However, it should be in Deutsche Bank's interest to get the matter over with as soon as possible. The more often Deutsche Bank is mentioned in the campaign of US opposition politicians against Trump, the more its image suffers. Among the democrats there are still individual voices hoping for an impeachment procedure. If that doesn't happen, Trump's relations with Deutsche Bank will become a campaign issue next year
Trade active
Trade closed: stop reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
