CSFX Market News | Global Market Update

  After falling below, the crucial $20,000 threshold over the weekend, Bitcoin (BTC) is up more than 6 percent today. According to statistics from CoinMarketCap, it dropped as low as $17,709 before rising up to about $21,190 at the time of writing. However, investors who have just seen their portfolios destroyed will find little solace in that modest increase. According to some observers, the price of the leading cryptocurrency may have finally bottomed out if Bitcoin can maintain its head above $20,000 level. It seems sense that people want to put a stop to this time of exorbitant costs, but it’s still too early to discuss a recovery. Bitcoin is already over 70% below its all-time high, and there are still some dark clouds looming over the cryptocurrency market. WHY IS BITCOIN HAVING TROUBLE? The economic environment now is considerably different from the one that drove the whole crypto sector to record highs last year, which is the fundamental reason Bitcoin is struggling. Econom...

  EURSEK TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, EURSEK is trading in an up channel. EURSEK is currently trading above all SMA. RSI is in over bought zone which indicates mild bearishness. MACD is currently above zero which indicates bullishness. Its immediate support is 10.5471 & the resistance level is at 10.6714. EURSEK will trade in the up channel until there is trend reversal. EURSEK TECHNICAL ANALYSIS: DAILY CHART Read Full Report - Click Here

  GBPCHF TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, GBPCHF is trading in a downward channel. It is trading below all SMAs: MA (20), MA (50), and MA (100). RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness. The immediate support is at 1.16960 and the resistance level is at 1.24840 GBPCHF is trading in a downward channel until there is a trend reversal. GBPCHF TECHNICAL ANALYSIS: DAILY CHART Click here fot full report

  USDNOK TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, USDNOK was trading in up channel. USDNOK is currently trading above all SMA. RSI is in over bought zone which indicates mild bearishness. MACD is currently above zero which indicates bullishness. Its immediate support is 9.7693 & the resistance level is at 10.0928. USDNOK was trading in the up channel before there is breakout upside. USDNOK TECHNICAL ANALYSIS: DAILY CHART click here for full report

  During a recession, the unemployment rate normally rises because there is a lack of demand for products and services, which leads to a lack of need for employees. As a result of state and local governments implementing stay-at-home orders in reaction to the COVID-19 epidemic, the unemployment rate rose from 3.5 percent in February 2020 to a record 14.8 percent in April 2020, triggering the most recent U.S. recession. The exceptional loss of 22.1 million jobs between January and April 2020 triggered this massive increase in the unemployment rate. However, the economy quickly recovered, and the COVID-19 recession was the shortest on record. Prior to the epidemic, the United States had been experiencing its longest era of expansion in history. The Great Recession, which began in December 2007 and concluded in June 2009, was followed by a protracted period of rising economic activity. During the Great Recession, the worst economic slump in the United States since the Great Depression...

  investors digested Fed Chair Powell’s comments ON INFLATION Asia-Pacific stocks were mostly down on Thursday morning. The Shanghai Composite is up 1.52% at 3,316.55. Overall, the Singapore MSCI is up 0.67% at 283.95. Over in Hong Kong, the Hang Seng Index is up 1.52% at 21,299. In Japan, the Nikkei 225 is up 0.08% at 26,120.00, while the Topix index is down 0.05% at 1849.00. South Korea’s Kospi is down 1.22% at 2,314.32. Australia S&P/ASX 200 up 0.31% at 6528.40. Top News of the Day: Wall Street’s main indexes ended with slim losses on Wednesday after choppy trading as energy shares weighed and investors digested Federal Reserve Chair Jerome Powell’s comments on the central bank’s aim to bring down inflation. After opening lower, major U.S. indexes had erased losses following Powell’s testimony before a Senate committee, but then they faded into the close. Market Summary as per 22/06/2022: European equities Wednesday closing. The DAX futures contract in Germany traded down 1....

  NZDJPY TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, NZDJPY is trading in an up channel. NZDJPY is currently trading above all SMA. RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness. Its immediate support is 84.7525 & the resistance level is at 86.8253. NZDJPY will trade in the up channel until there is trend reversal. NZDJPY TECHNICAL ANALYSIS: DAILY CHART Click here for full report  900% TRADABLE BONUS  650 TRADABLE BONUS  DAILY  LIVE TRADING SIGNALS  DAILY  TECHNICAL ANALYSIS REPORT  OPEN  LIVE ACCOUNT /  DEMO ACCOUNT FOR MORE UPDATE VIST US  HERE 

  EXXON MOBIL TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, EXXON MOBIL is trading in an up channel. EXXON MOBIL is currently trading above all SMA. RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness. Its immediate support is 83.35 & the resistance level is at 88.11. EXXON MOBIL will trade in the up channel until there is trend reversal. EXXON MOBIL TECHNICAL ANALYSIS: DAILY CHART CLICK HERE FOR FULL REPORT 900% TRADABLE BONUS  650 TRADABLE BONUS  DAILY  LIVE TRADING SIGNALS  DAILY  TECHNICAL ANALYSIS REPORT  OPEN  LIVE ACCOUNT /  DEMO ACCOUNT FOR MORE UPDATE VIST US  HERE 

  Investing in foreign exchange is a tremendous way to diversify your investment portfolio. Foreign exchange trading is, however, a little bit more complicated than trading stocks, commodities, cryptocurrencies , etc. With a daily turnover of $5 trillion, the foreign exchange market is one of the most liquid markets. Predominately dominated by banks and institutional investors, the foreign exchange market has become more accessible to everyone with the rise of online brokerages and readily available margin-trading accounts. In this article , we will discuss what forex trading is and how to invest in the foreign exchange market. WHAT IS FOREX TRADING ? Forex, short for foreign exchange, is the process of changing one currency into another currency. This process can be performed for a variety of reasons including commercial, tourism, and to enable international trade. The forex market is open to buy and sell currencies 24 hours day, five days a week. The currencies are traded in p...

  TATE & LYLE TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, TATE & LYLE is trading in an up channel. TATE & LYLE is currently trading above all SMA. RSI is in buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness. Its immediate support is 659.56 & the resistance level is at 689.83. TATE & LYLE will trade in the up channel until there is trend reversal.  TATE & LYLE TECHNICAL ANALYSIS: DAILY CHART Click here for full report 900% TRADABLE BONUS  650 TRADABLE BONUS  DAILY  LIVE TRADING SIGNALS  DAILY  TECHNICAL ANALYSIS REPORT  OPEN  LIVE ACCOUNT /  DEMO ACCOUNT FOR MORE UPDATE VIST US  HERE 

  ROYAL DUTCH SHELL TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, ROYAL DUTCH SHELL is trading in an up channel. ROYAL DUTCH SHELL is currently trading above all SMA. RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness. Its immediate support is 21.33 & the resistance level is at 23.35. ROYAL DUTCH SHELL will trade in the up channel until there is trend reversal. ROYAL DUTCH SHELL TECHNICAL ANALYSIS: DAILY CHART CLICK HERE FOR FULL REPORT  900% TRADABLE BONUS  650 TRADABLE BONUS  DAILY  LIVE TRADING SIGNALS  DAILY  TECHNICAL ANALYSIS REPORT  OPEN  LIVE ACCOUNT /  DEMO ACCOUNT FOR MORE UPDATE VIST US  HERE 

  ETHEREUM TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, ETHEREUM is trading in a downward channel. It is trading below all SMAs: MA (20), MA (50), and MA (100). RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness. The immediate support is at 1035 and the resistance level is at 1675 ETHEREUM is trading in a downward channel until there is a trend reversal. ETHEREUM TECHNICAL ANALYSIS: DAILY CHART CLICK HERE FOR FULL REPORT 900% TRADABLE BONUS  650 TRADABLE BONUS  DAILY  LIVE TRADING SIGNALS  DAILY  TECHNICAL ANALYSIS REPORT  OPEN  LIVE ACCOUNT /  DEMO ACCOUNT FOR MORE UPDATE VIST US  HERE 

  INTEL CORP. TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, INTEL CORP. is trading in a down channel. INTEL CORP. is currently trading below all SMA. RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness. Its immediate support is 37.65 & the resistance level is at 43.46. INTEL CORP. will trade in the down channel until there is trend reversal. INTEL CORP. TECHNICAL ANALYSIS: DAILY CHART CLICK HERE FOR FULL REPORT 900% TRADABLE BONUS  650 TRADABLE BONUS  DAILY  LIVE TRADING SIGNALS  DAILY  TECHNICAL ANALYSIS REPORT  OPEN  LIVE ACCOUNT /  DEMO ACCOUNT FOR MORE UPDATE VIST US  HERE 

  NASDAQ 100 TECHNICAL ANALYSIS: WEEKLY CHART In the weekly chart, NASDAQ 100 is trading in a downward channel. It is trading below all SMAs: MA (20), MA (50), and MA (100), RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness. The immediate support is at 11,115 and the resistance level is at 12,770 NASDAQ 100 is trading in a downward channel until there is a trend reversal. NASDAQ 100 TECHNICAL ANALYSIS: DAILY CHART CLICK HERE FOR FULL REPORT 900% TRADABLE BONUS  650 TRADABLE BONUS  DAILY LIVE TRADING SIGNALS  DAILY TECHNICAL ANALYSIS REPORT  OPEN LIVE ACCOUNT / DEMO ACCOUNT FOR MORE UPDATE VIST US HERE 

  EURCHF TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, EURCHF is trading in an upward channel. It is trading above MA (20) but below MA (50) and MA (100). RSI is in buying zone which indicates bullishness. MACD is currently trading below zero which indicates bearishness. The immediate support is at 1.02268 and the resistance level is at 1.05095 EURCHF is trading in an upward channel until there is a trend reversal. EURCHF TECHNICAL ANALYSIS: DAILY CHART CLICK HERE FOR FUL L REPORT

  RIPPLE TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, RIPPLE is trading in a downward channel. It is trading below all SMAs: MA (20), MA (50), and MA (100). RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness. The immediate support level is at 0.356220 and the resistance level is at 0.570195 RIPPLE is trading in a downward channel until there is a trend reversal. RIPPLE TECHNICAL ANALYSIS: DAILY CHART CLICK HERE FOR FULL REPORT