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Weaker dollar bad for BP right? Bloomberg are Bearish on dollar. Going to get volatile- stimulus and US elections. Any views?

Tiny bounce off of 201.5 but think it may be short lived as pre markets down in US and BP nyse pre market down.

ETF- Like the idea of that as I’ve made some very good fantasy calls on assets / currencies. At one point a long while ago when you could get $2 for a pound I wanted to buy say 20 K of US $ but had no idea how to actually do that and have a certificate or safe keeping.

Just been watching Bloomberg and they are bearish on the dollar - same as me but for different reasons I believe dollar will fall due to amount of stimulus coming or already in there economy.

Dollar falling isn’t great for BP is it? Am I right there?

Appleby . I was thinking splitting with rdsb aswell as here but don’t like that the rdsb bit would be getting lower dividend- thoughts on that? and slightly extra dealing costs.
ETF’s are these cfd’s? Is there costs for keeping possition open? Is it leveraged? - I worry all that is for absolute pros . Cheers

Good point, it’s not like I was talking to a financial advisor, just somebody qualified to pay a cheque in!! I’ll put Bloomberg T.V. Chanel back on today in a minute, good info on there.

Is negative interest rates just talk at the moment? How likely is it to happen? I asked a bank teller and they had heard absolutely nothing about it- either she wasn’t forthcoming or genuinely it’s not happening yet. Any thoughts?

I’ve found “The naked trader” book really helpful but it still doesn’t help my stress levels with the way the current markets have been and too much news to constantly keep up on. I cut a loss ( luckily saved further loss as sold at 263 ) and took a complete break from shares for 4-5 weeks but unfortunately the break was very costly as I missed getting Lloyd’s at 24 p and I might of had a punt at RR at 120. But I’ll patiently wait for opportunities now and plenty will come I’m sure. Markets do very well generally in December and January historically so I see that as a time when BP could be significantly higher SP

I am possibly in danger of missing it if it doesn’t drop below £2 and maybe I should of bought at 202 / 203 the other day. Definite support at 204. I’m torn between splitting money into different Shares or lumping in here for decent divi. I do feel BP will recover but it could be a year or two away realistically. Vaccine will really help motor share prices up.

That’s a question I’ve been having as was looking to take a position back here after selling at a loss a month or so back. My thoughts at the moment is near term there is downwards pressure from Brexit uncertainty and American election- stimulus in US seems to be on hold now. Dow dropped 400 points yesterday, that could continue this week. I feel if BP keep the dividend the same this time around that will be good for share price but in run up to Q3 SP looks unlikely to rise into it the way things are now.
I’m hoping to get in at sub £2 a share which is looking likely now but still have uncertainty’s. I even worry there could be a National lockdown before Christmas and that would tank markets! It’s certainly not for the faint hearted at the moment.

I only said yesterday that £2 a share was in sight and anybody’s thoughts!- this was mostly ignored, it’s now closer to £2 than 210! Unfortunately it’s all due to Covid and further lockdowns- Brexit is also in the mix. Dow futures down 200, so could drop further today. I’m not sure taking a position here yet is wise, potentially more of a sell of on general markets happening near term.

Chance of £2 a share over next few weeks is my thoughts. Bit of a sell off on general markets potentially. Any thoughts anyone?

Lodan1 agree, this is back to 215 or 210 now. Stimulus talks not until after November 3rd now.

I called or had fair belief of sub 250 here a few weeks ago. I’m afraid I now see sub 230 and possibly 220 etc. Dow is selling off in my opinion. Lots of negative news potentially within next few months. What do other people feel? - what news could drive price up short term here? My biggest worry would be if they cut divi further that could be terrible for share price.

Dows over 400 points down and BP on NYSE has Finally gone below $20 a share- 2% drop . chance at sub 250 here tomorrow potentially. One expert was saying to sell into this last rally. I’m keen at 250 but now worrying should I wait until Brexit and US elections are over? As once at 250 could it go to 230 in a few weeks? Still very difficult to call. Volatility is definitely back in the markets.

Brent futures down 3.2%! - unbelievable.
I still see sub 250 here very soon. September historically bad for shares aswell . Worrying month ahead potentially.

Dow down 798 points now, just over 2.7% a bit of a sell off at the moment- not great for the FTSE tomorrow and also B.P. Could slip back again. I’d say more likely to go down in price than up.

Kince 360 - interesting theory, depends if they profit take from tech and just sit as cash though and wait for a wider market fall or jump straight into other shares. So difficult to call at the moment

I’m afraid I can see this going under 250 soon, Brexit approaching and possibly no deal. Long term I think it will do well but next few months, lower share price , maybe not quite March lows though. Thoughts?

A 270 finish would set us up nicely for next week, we will see

Yeah what is with that Dow up and FTSE down? Gotta just keep the faith I guess

FTSE set to open higher today. Dow closed up 160 points and Dow futures up 190 points , looking like a good day for the markets. GL all