CSFX Market News | Global Market Update

  Asian shares rose on Wednesday. The Shanghai composite is up 0.31% at 3,592.26. Overall, the Singapore MSCI down 0.62% at 354.90. Over in Hong Kong, the Hang Seng Index up 0.83% to 29,134. In Japan, the Nikkei 225 up 0.21% at 28,660, while the Topix index is down 0.03% at 1921.5. South Korea’s Kospi down 0.19% to 3165.28. Australia S&P/ASX 200 down 0.11% at 7107.3. European equities Tuesday closing. The DAX futures contract in Germany traded 0.18% up at 15465.09, CAC 40 futures down 0.28% at 6390.27 and the UK 100 futures contract in the U.K. up 0.30% at 7,032.6. In U.S. on Wall Street, the Dow Jones Industrial Average closed flat at 34312.46 the S&P 500 down 0.21% to 4188.12 and the Nasdaq 100 up 0.14% at 13694.4, NYSE closes at 16390.19 down 0.45%. In the Forex market, GBPUSD up 0.05% at 1.41523. The USDJPY up 0.07% at 108.814. The USDCHF up 0.08% at 0.89537. EURUSD down 0.02% at 1.22466, EUR/GBP down 0.02% at 0.86523. The USD/CNY down 0.22% at 6.3966, at the time of wr...

Candlestick patterns The candlestick chart was invented in Japan to record the price movement of rice. A single candle gives us four market data for a particular point of time that is open, High, low, close and the colour of the candle show us whether the market is making a loss, i.e. Bearish or red candle or gain, i.e. bullish or green candle at that particular time. Candlestick pattern is a method used by a technical analyst to anticipate movement in the market. The candlestick patterns are formed by one candle or by groping more the one candles in a particular sequence. However, multiple candlestick patterns are more reliable than a single candlestick pattern.   Types of candlestick pattern Types of candlestick patterns can be defined on the basis of the number of candles. – On the basis of numbers of candles, candlestick patterns are of two types.   Single candlestick pattern- As the name suggests, these candlestick patterns are made of single candles. Some of the most imp...

 Tesla Inc boss Elon Musk denounced the "insane" amount of energy used to produce bitcoin on Thursday, doubling down on his sudden rejection of the cryptocurrency as a means of payment over environmental concerns. Bitcoin fell more than 10% after Musk, one of its most famous backers, tweeted his decision to suspend its use, less than two months after Tesla began accepting it as payment for its electric cars. Other cryptocurrencies, including ethereum, also fell before regaining some ground in Asian trade.

  European stock markets are seen weakening at the open Tuesday, following the previous session’s tech-led selloff on Wall Street on increased inflation worries. At 2:05 AM ET (0705 GMT), the DAX futures contract in Germany traded 0.4% lower, CAC 40 futures in France dropped 1.1% and the FTSE 100 futures contract in the U.K. fell 1.1%. The Germany’s ZEW survey of economic sentiment for May will be the main data release, and is expected to show an improvement in confidence in the Eurozone’s most important economy. In corporate news, German conglomerate Thyssenkrupp (DE:TKAG) raised its full-year outlook for the second time in three months, boosted by a global economic recovery that drove demand for steel, car parts and materials. German utility E.ON (DE:EONGn) swung to a profit in the first quarter of the year and confirmed its outlook and dividend policy, while earnings are also due from the likes of French video game company Ubisoft Entertainment (PA:UBIP) and German engineering f...

  STEEPED IN SPYCRAFT, CYBERSECURITY FIRM DARKTRACE ROCKETS ON LONDON DEBUT Darktrace, a cybersecurity company advised by former MI5 and CIA spymasters, leapt more than 40% on its market debut on Friday, delivering a boost to the London market after the spectacular flop of Deliveroo last month. The company was priced at 250 pence in the initial public offering, giving it a valuation of just over half the original aim of $4 billion. But it rocketed to 352 pence when trading started, well above the 220-280 pence range set by its bankers when its roadshow began on Monday. Darktrace uses AI to understand IT networks and then detect attacks by identifying unusual behaviour from within. Its advisory board includes a former director general of the British security service, Jonathan Evans, an ex-CIA chief information officer, Alan Wade, and former UK interior minister Amber Rudd. “Today is just the beginning,” Chief Executive Poppy Gustafsson said. The loss-making company, which says it’s ...

 The foreign exchange market accounts for more than $4 trillion in average traded value every day, making it the world’s largest financial market. Since there is no central marketplace for the forex market, traders must select a forex broker to help them conduct their trading activity. There are a large and growing number of forex brokers, and choosing the right one requires. 5 Tips For Selecting A Forex Broker:- Regulatory Compliance:- In the U.S., a reputable forex broker will be a member of the National Futures Association (NFA) and will be registered with the U. S. Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant and Retail Foreign Exchange Dealer. The NFA is an industry-wide, self-regulatory organization for the futures industry in the United States. It develops rules, programs and services to protect the integrity of the market, traders and investors, and to help members meet regulatory responsibilities. The CFTC is an independent government agency...