OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/CHF: Target raised to 1.10 – Credit Suisse

EUR/CHF should benefit from lower euro area break-up risk. Therefore, analysts at Credit Suisse advocate to buy the pair with an initial target at the 1.10 level. 

See: 

  • Yohay Elam's ECB Preview
  • Joseph Trevisani's ECB Preview

Key quotes

“In the short-term, we are inclined to give the reduced euro break-up risk emanating from the EU Recovery Fund a prominent weight. As such, we would recommend scaling into EUR/CHF longs at current levels around 1.0750 and adding on dips towards 1.0670, with an initial target of 1.1000.” 

“We would consider ourselves wrong at 1.0490. The latter outcome might become a possibility should there be another COVID-19 wave accompanied by renewed lockdowns or a breakdown in the EU Recovery Fund negotiations.”

 

Saudi Arabia, Russia preliminary agree on one-month extension of existing oil cuts – Reuters

Saudi Arabia and Russia have reached a preliminary agreement on a one-month extension of existing OPEC+ oil output cuts, Reuters reported on Tuesday,
Read more Previous

Brent Oil completes a 1-3 month base, $39.70 is next resistance – Credit Suisse

Brent Crude Oil is confirming a 1-3 month base, currently trading at $39.10, while the next resistance sits at $39.70, as strategists at Credit Suisse
Read more Next
Start livechat