is still stalling in a range from just ahead of pivotal resistance from its $2,070 and $2,075 record highs. But economists at Credit Suisse stay biased towards an eventual move to new record highs.“With short-term momentum decisively rolling over after previously showing a bearish divergence, we look for the $2,070/2,075 highs to remain a formidable barrier.”
“Post the current ranging phase, we believe the market will eventually move to new record highs, supported by lower US Real Yields. Above $2,075 on a weekly closing basis would be seen to mark a significant break higher, opening up a move to our first core upside objective at $2,330/2,360.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UBS wary of buying Credit Suisse in February, wanted more analysis - SEC filingUBS said it had concluded in February that buying its stricken rival Credit Suisse was not desirable, but that it should prepare in case the lender encountered 'serious financial difficulties'.
Source: Reuters - 🏆 2. / 97 Read more »
UBS weighed Credit Suisse deal as early as December - SEC filingUBS was considering the potential impact of buying struggling rival Credit Suisse as early as December, months before the takeover was hastily arranged by Swiss authorities in March, according to a regulatory filing.
Source: Reuters - 🏆 2. / 97 Read more »
UBS weighed Credit Suisse deal as early as DecemberUBS was considering the potential impact of buying struggling rival Credit Suisse as early as December, months before the takeover was hastily arranged by Swiss authorities in March, according to a regulatory filing.
Source: Reuters - 🏆 2. / 97 Read more »
EUR/USD: Scope for one final leg higher to 1.1185/1.1275 – Credit SuisseEUR/USD’s rally is clearly slowing but economists at Credit Suisse still see scope for one final leg higher to the 1.1185/1.1275 zone. Move below supp
Source: FXStreetNews - 🏆 14. / 72 Read more »