CSFX Market News | Global Market Update

  USDJPY: NEWS & TECHNICAL REPORT Yen’s Slump Toward 140 Reawakens Talk of Currency Intervention The slide in the yen back toward the key psychological 140 per-dollar level is reigniting chatter on the likelihood that officials will intervene to support the Japanese currency. With traders refocusing on Japan’s interest-rate gap with the rest of the world amid a chorus line of hawkish Federal Reserve commentary, the yen has tumbled close to 4% this month and traded around the 138.50 level Tuesday. That’s a hair’s breadth from a fresh 24-year low and the 140 level which some market watchers have flagged as key for policymakers. Fed Chair Jerome Powell’s speech at Jackson Hole last week made clear concerns about the economic slowdown are not a priority, wiping out lingering optimism of a softer stance on rates. BOJ Governor Haruhiko Kuroda in contrast repeated the need for continued easing, highlighting once again the stark differences between Japan and the US that heaped pressure on

  TRADE SIGNAL AS ON 30-08-2022   NZDCAD SELL = 0.7989 TARGET= 0.7975 SL= 0.8000                                                     TESLA SELL = 284.42  TARGET= 278.68 SL= 291.81                                                 SILVER SELL = 18.681 TARGET= 18.656 SL= 18.707 Check Daily Forex Trading Signals Here

  WEEKLY SNAPSHOT Composite PMI, U.K. WHEN:                                                                 WHAT IT HAD INFLUENCED: 23 rd  AUGUST 2022                                                      GBP and its subsequent pairs WHAT HAPPENED:  The Composite PMI Index measures the activity level of purchasing managers in the both sectors. A reading above 50 indicates expansion in the sector; a reading below 50 indicates contraction. GBPAUD is currently in the downward channel. Further downside can be seen in the coming week. Pending Home Sales (MoM) (Jul), U.S. WHEN:                                                                 WHAT IT HAD INFLUENCED: 24 th  AUGUST 2022                                                    USD and its subsequent pairs WHAT HAPPENED:  The National Association of Realtors (NAR) Pending Home Sales Report measures the change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new construction.  USDCAD i

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  GAS PRICES SURGED 13% OVERNIGHT IN THE EUROPEAN UNION Asian Pacific shares were down for a seventh straight session on Tuesday. The Shanghai Composite is down 0.18% at 3,271.98. Overall, the Singapore MSCI is down 1.66% at 290.55. Over in Hong Kong, the Hang Seng Index is down 1.17% at 19,364.00. In Japan, the Nikkei 225 is down 1.11% at 28,390.00, while the Topix index is down 1.01% at 1968.00. South Korea’s Kospi is down 1.10% at 2,435.34. Australia S&P/ASX 200 down 1.21% at 6961.80. Top News of the Day: A winter with impending energy shortages is rapidly coming, inflation is on the verge of double digits, and the European Central Bank has begun a cycle of tightening financial conditions. Worryingly, this outlook is still likely to get worse before any significant improvement well into 2023. Benchmark gas prices in the European Union surged 13% overnight to a record peak, having doubled in just a month to be 14 times higher than the average of the past decade. Market Summary as

  OIL PRICES FALL AFTER THREE DAYS OF GAINING LEAGUE Asian Pacific shares slipped on Monday. The Shanghai Composite is up 0.57% at 3,276.76. Overall, the Singapore MSCI is up 0.17% at 296.00. Over in Hong Kong, the Hang Seng Index is down 0.04% at 19,714.00. In Japan, the Nikkei 225 is down 0.76% at 28,710.00, while the Topix index is down 0.38% at 1988.00. South Korea’s Kospi is down 1.21% at 2,462.50. Australia S&P/ASX 200 down 0.95% at 7046.90. Top News of the Day: Oil prices slumped on Monday, ending three days of gains, as investors were concerned aggressive U.S. interest rate hikes will weaken the global economy and dent fuel demand while a strengthening dollar also added to pressure. Both Brent and WTI climbed for a third straight day on Friday, but fell about 1.5% for the week on a stronger dollar and demand fears. Market Summary as per 19/08/2022: European equities Friday closing. The DAX futures contract in Germany traded down 1.12% at 13,544.52, CAC 40 futures down 0.94%

  WEEKLY SNAPSHOT      CPI (YoY) (Jul), U.K.     WHEN:                                                                  WHAT IT HAD INFLUENCED: 17 th  AUGUST 2022                                                      GBP and its subsequent pairs WHAT HAPPENED:  The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. GBPNZD is currently in the downward channel. Further downside can be seen in the coming week.     Retail Sales (MoM) (Jul), U.S.     WHEN:                                                                  WHAT IT HAD INFLUENCED:      17 th  AUGUST 2022                                                      USD and its subsequent pairs WHAT HAPPENED:  Retail Sales measure the change in the total value of sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity. 

  TRADE SIGNAL AS ON 19-08-2022   NZDJPY SELL = 85.00 TARGET= 84.95 SL= 85.07                                                        GOLDMAN SACHS BUY = 354.68    TARGET= 356.27 SL= 353.23                                                 COFFEE SELL = 214.47 TARGET= 211.80 SL= 217.91             HOW TO USE BUY & SELL TRADING SIGNALS? To begin using trading signals, you must first complete a few basic actions that will allow you to have access to them. The entire procedure is extremely basic, and once you grasp it, it will make sense to you: Subscribe to Capital Street FX Top-up your Account Check Trading Signals Suggestions Analyse the Market Execute a Trade Click here for daily free trading signals

  Oil Drops to 6 1/2  Month Low as Market Is Worried by Iran Deal Asia Pacific shares rallied on Wednesday. The Shanghai Composite is up 0.45% at 3,292.52. Overall, the Singapore MSCI is down 1.70% at 301.55. Over in Hong Kong, the Hang Seng Index is up 0.51% at 19,914.00. In Japan, the Nikkei 225 is up 1.18% at 29,190.00, while the Topix index is up 1.01% at 2005.50. South Korea’s Kospi is down 0.67% at 2,516.47. Australia S&P/ASX 200 up 0.31% at 7127.70. Top News of the Day: Oil bulls wish that Iran would just go away. In what appears to be another European surreptitiously U.S.-backed attempt to revive the 2015 Iranian nuclear deal, crude markets are faced with the probability of an additional 1.3 million barrels per day of supply coming on to the market, at a time when demand doesn’t seem to be all that great. Market Summary as per 16/08/2022: European equities Tuesday closing. The DAX futures contract in Germany traded down 0.03% at 13,906.25, CAC 40 futures up 0.11% at 6599.98

  TESLA TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, TESLA is trading in down channel. TESLA 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 876.52 & the resistance level is at 970.65. TESLA will trade in down channel until there is trend reversal. TESLA TECHNICAL ANALYSIS: DAILY CHART Read full report here

  TRADE SIGNAL AS ON 16-08-2022   EURNZD BUY = 1.5978 TARGET= 1.5989 SL= 1.5965                                                      NVIDIA Corp. BUY = 190.04    TARGET= 192.98 SL= 185.41                                                 COFFEE BUY = 225.64 TARGET= 227.26 SL= 224.67 WHY USE CAPITAL STREET FX TRADING SIGNALS? At Capital Street, the trading signals are created by analysts having rich experience in the global securities market. Their experience in the technical and fundamental analysis will help you in generating profit with the safety of funds. Capital Street have immense options in the different script to trade on market simply using your mobile application, computer application or web login. HOW TO USE BUY & SELL TRADING SIGNALS? To begin using trading signals, you must first complete a few basic actions that will allow you to have access to them. The entire procedure is extremely basic, and once you grasp it, it will make sense to you:

  WALLSTREET LOWER ON THE EXPECTATION THAT FED STILL NEEDS AN INTEREST RATE HIKE   Asia-Pacific stocks tracked Wall Street losses and the yen fell on Friday. The Shanghai Composite is down 0.11% at 3,278.39. Overall, the Singapore MSCI is down 0.03% at 308.45. Over in Hong Kong, the Hang Seng Index is up 0.61% at 20,150.00. In Japan, the Nikkei 225 is up 2.63% at 28,510.00, while the Topix index is up 2.07% at 1972.50. South Korea’s Kospi is up 0.11% at 2,526.55. Australia S&P/ASX 200 down 0.65% at 7024.90. Top News of the Day: The Nasdaq and S&P 500 retreated to close lower on Thursday on the realization the Federal Reserve still needs to aggressively boost interest rates to fully tame rising consumer prices despite fresh evidence of cooling inflation. The S&P 500 closed a tad lower after earlier hitting fresh three-month highs following data that showed the U.S. producer price index (PPI) unexpectedly fell in July. Market Summary as per 11/08/2022: European equities Thurs

  NZDCAD TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, NZDCAD is trading in down channel. NZDCAD is currently trading below all SMA. RSI is in buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness. Its immediate support is 0.8081 & the resistance level is at 0.8271. NZDCAD will trade in down channel until there is trend reversal NZDCAD TECHNICAL ANALYSIS: DAILY CHART Read Full Report Here

  TRADE SIGNAL AS ON 11-08-2022   GBPNZD BUY = 1.9083 TARGET= 1.9105 SL= 1.9056                                                      CHEVRON Corp. BUY = 155.80    TARGET= 158.95 SL= 150.54                                                 COFFEE BUY = 220.42 TARGET= 223.78 SL= 217.91 WHY USE CAPITAL STREET FX TRADING SIGNALS? At Capital Street, the trading signals are created by analysts having rich experience in the global securities market. Their experience in the technical and fundamental analysis will help you in generating profit with the safety of funds. Capital Street have immense options in the different script to trade on market simply using your mobile application, computer application or web login. Join for daily trading signals - click here