NZD/USD: 0.5798/5813 to hold current correction to avoid a stronger upmove towards 0.5978 – Credit Suisse NZDUSD Banks
Move below 0.5510 needed to turn near-term risk back lower
“Immediate support is seen at 0.5649 and next at 0.5617, though a move below the recent price low at 0.5510 is needed to turn near-term risk back lower and prompt a move to a major support level at the 2020 low at 0.5468.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Credit Suisse legal tab is wildcard for investorsThe bank settled an old mortgage case without having to set more money aside. But the bill for future litigation, up to $1.6 bln on its own estimates, will erode earnings. The risk for investors in a looming rights issue is that further nasties bog down the bank’s restructuring.
Read more »
Credit Suisse pays $495M tied to mortgage-backed securitiesCredit Suisse has agreed to pay $495 million as part of a settlement with the U.S. over a yearslong dispute tied to mortgage-backed securities, an investment vehicle that played a central role in the 2008 financial crisis. creditsuisse
Read more »
Credit Suisse places U.S. asset management arm for sale - sourceCredit Suisse Group AG recently launched a process that could see its U.S. asset management arm sold, a source familiar with the matter said on Monday, as the troubled Swiss bank seeks to reshape its business after multiple scandals.
Read more »
Credit Suisse CDS ease, bonds rise to close in on late September levelsThe cost of insuring exposure to Credit Suisse's debt fell and the lender's bonds rose on Tuesday, bringing them close to levels last seen before a rout in its assets in early October.
Read more »
USD/TRY to continue to rise orderly toward 20 by year-end – Credit SuisseEconomists at Credit Suisse still think the central bank will sell from its reserves in order to prevent excess lira weakness. They stick to an end-ye
Read more »
USD/CAD: Large surprise in Canadian CPI needed to lift the loonie – Credit SuisseToday’s Canadian Consumer Price Index (CPI) data will offer markets the opportunity to recalibrate their expectations for Bank of Canada (BoC) policy,
Read more »