SPDR S&P Regional Banking ETF (KRE)<\/h2>\n\n\n\n![\"\"](\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/KRE-W-scaled.jpg\")
<\/figure>\n\n\n\nIt\u2019s not the first time that Credit Suisse finds itself on the bad side of the news, they had scandals after issues after scandals to contain. But with all this bad behaviour, we read that actually, when it comes to deposits, they had shore up their liquid assets (unlike SVB!), in case depositors will have a run for their money.<\/p>\n\n\n\n
So will Credit Suisse be next? Time will tell, however the story of regional US banks<\/a>, written in the SPDR S&P Regional Banking ETF<\/a> is one I am following closely!<\/p>\n\n\n\nThe Monthly chart has now confirmed a downtrend, and with the selloff passing through the 46.5 level, the market may be poised to test it\u2019s 2020 lows.<\/p>\n\n\n\n![\"\"](\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/KRE-M-scaled.jpg\")
<\/figure>\n\n\n\nThere are a few areas (50, 54, 56) that I am stalking on the Weekly chart for potential pullbacks to release some of this strong selling pressure, then, I\u2019ll be looking for a rollover setup around these levels, to signal that the pullback is over, and the market may be ready to continue it\u2019s higher timeframe trend.<\/p>\n\n\n\n
Happy Trading!<\/p>\n","protected":false},"excerpt":{"rendered":"
Good morning Traders! Yesterday the chairman of Saudi National Bank, which is Credit Suisse largest shareholder said that they will not provide further capital to the bank. That caused the share price to tank to all-time lows and intensified fears in the market for the banking sector, and after the collapse of Silicon Valley Bank […]<\/p>\n","protected":false},"author":15,"featured_media":20500,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"Is Credit Suisse in Trouble? | %%sitetitle%%","_seopress_titles_desc":"Discover the latest developments surrounding Credit Suisse and its potential risks. Stay informed and learn how it may impact traders and the market.","_seopress_robots_index":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-24483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/posts\/24483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/comments?post=24483"}],"version-history":[{"count":0,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/posts\/24483\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/media\/20500"}],"wp:attachment":[{"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/media?parent=24483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/categories?post=24483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/tags?post=24483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/figure>\n\n\n\nIt\u2019s not the first time that Credit Suisse finds itself on the bad side of the news, they had scandals after issues after scandals to contain. But with all this bad behaviour, we read that actually, when it comes to deposits, they had shore up their liquid assets (unlike SVB!), in case depositors will have a run for their money.<\/p>\n\n\n\n
So will Credit Suisse be next? Time will tell, however the story of regional US banks<\/a>, written in the SPDR S&P Regional Banking ETF<\/a> is one I am following closely!<\/p>\n\n\n\n The Monthly chart has now confirmed a downtrend, and with the selloff passing through the 46.5 level, the market may be poised to test it\u2019s 2020 lows.<\/p>\n\n\n\n There are a few areas (50, 54, 56) that I am stalking on the Weekly chart for potential pullbacks to release some of this strong selling pressure, then, I\u2019ll be looking for a rollover setup around these levels, to signal that the pullback is over, and the market may be ready to continue it\u2019s higher timeframe trend.<\/p>\n\n\n\n Happy Trading!<\/p>\n","protected":false},"excerpt":{"rendered":" Good morning Traders! Yesterday the chairman of Saudi National Bank, which is Credit Suisse largest shareholder said that they will not provide further capital to the bank. That caused the share price to tank to all-time lows and intensified fears in the market for the banking sector, and after the collapse of Silicon Valley Bank […]<\/p>\n","protected":false},"author":15,"featured_media":20500,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"Is Credit Suisse in Trouble? | %%sitetitle%%","_seopress_titles_desc":"Discover the latest developments surrounding Credit Suisse and its potential risks. Stay informed and learn how it may impact traders and the market.","_seopress_robots_index":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-24483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/posts\/24483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/comments?post=24483"}],"version-history":[{"count":0,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/posts\/24483\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/media\/20500"}],"wp:attachment":[{"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/media?parent=24483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/categories?post=24483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/tags?post=24483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/figure>\n\n\n\n