CSFX Market News | Global Market Update

  DAX 40 INDEX TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, Dax 40 is trading in a down channel. Dax 40 is currently trading below all SMA. RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness. Its immediate support is 11600.00 the resistance level is at 12200.00 Dax 40 will trade in a down channel until a trend is reversed. DAX 40 INDEX TECHNICAL ANALYSIS: DAILY CHART CLICK HERE FOR FULL REPORT 

  EURSEK TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, EURSEK was trading in an up channel. EURSEK is currently trading above all SMA. RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness. Its immediate support is 10.90000 the resistance level is at 10.94000 EURSEK was traded in an up channel before there is an upside breakout. EURSEK TECHNICAL ANALYSIS: DAILY CHART FULL REPORT VISIT US 

  GOLD TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, Gold is trading in a down channel. Gold is currently trading below all SMA. RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness. Its immediate support is 1600.00 the resistance level is at 1690.00 Gold will trade in a down channel until there is a trend reversal. GOLD TECHNICAL ANALYSIS: DAILY CHART Get Full Report Click Here

  TRADE SIGNAL AS ON 27-09-2022   USDZAR SELL = 17.9778 TARGET= 17.9445 SL= 18.0000                                                   SAP AG BUY = 82.74     TARGET= 83.81 SL= 82.27                                                 SILVER BUY = 18.542 TARGET= 18.692 SL= 18.515              CLICK HERE FOR DAILY TRADING SIGNALS

  DOW JONES TUMBLED WILD TODAY AFTER THE FED RISING INTEREST RATES The Dow Jones Industrial Average fell by 1.71% to 30183.08 on Thursday 22 September U.S. stock futures were trading lower during Sunday’s evening deals, after major benchmark indices retreated on Friday following Fed Chair Powell’s comments at the Jackson Hole, signaling a willingness to hike interest rates even if it causes economic pain. By 19:00 ET (23:00 GMT) DOW JONES FUTURES were down by 1.7%, S&P 500 Futures tumbled 0.2% and Nasdaq 100 Futures fell 0.2%. Ahead of the week, market participants will be monitoring more speeches from Federal Reserve officials, as well as ADP Employment Change, JOLT job opening, and ISM Manufacturing PMI data. Key NON-farm payrolls data will also be closely watched, with the economy expected to add 285k positions and unemployment to hold at 3.5%. During Thursday’s regular trade, the DOWN JONES INDUSTRIAL Average fell ...

  TRADE SIGNAL AS ON 22-09-2022   NZDJPY BUY = 84.5000 TARGET= 84.6425 SL= 84.4290                                                   Nvidia Corp.    SELL = 130.55  TARGET= 127.70 SL= 132.00                                                 SILVER BUY = 19.435 TARGET= 19.481 SL= 19.400 click here for daily signals  

  FTSE 100: NEWS & TECHNICAL  ANALYSIS European Stocks Higher; German Producer Prices Soar To Record Levels European stock markets edged higher Tuesday, following the global trend upwards, although sentiment remains fragile ahead of the start of the U.S. Federal Reserve’s two-day policy meeting. By 04:00 ET (08:00 GMT), the DAX in Germany traded 0.1% higher, the CAC 40 in France rose 0.1%, and U.K.’s FTSE 100 climbed 0.4%. European equities are staging a recovery from last week’s selloff, carrying on from the positive close on Wall Street, where the major U.S. benchmark averages climbed from 9-week lows. However, gains are tentative ahead of the start of the Fed’s latest meeting, which is widely expected to result in another 75-basis point interest rate hike following last week’s higher than expected consumer inflation figures. The Fed won’t be alone in raising rates this week, with Sweden’s Riksbank hiking by a full percentage point earlier Tuesday and the Bank of England...

  US 30 YR. T-BOND Price Technical Analysis: Weekly Chart In the weekly charts, US 30 YR. T-BOND is trading in down channel. US 30 YR. T-BOND 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 130.16 & the resistance level is at 133.07. US 30 YR. T-BOND will trade in down channel until there is trend reversal. US 30 YR. T-BOND Price Technical Analysis: Daily Chart CLICK HERE FOR FULL REPORT 

  TRADE SIGNAL AS ON 19-09-2022   EURNZD BUY = 1.6735 TARGET= 1.6759 SL= 1.6722                                                     SIEMENS AG    SELL = 100.06  TARGET= 99.84 SL= 100.33                                                 BRENT CRUDE OIL SELL = 90.44 TARGET= 90.17 SL= 90.77 CHECK FOR DAILY UPDATE 

  CHFJPY Technical Analysis: Weekly Chart In the weekly charts, CHFJPY is trading in an up channel. CHFJPY is currently trading above all SMA. RSI is in the overbought zone which indicates mild-bearishness. MACD is currently above zero which indicates bullishness. Its immediate support is 146.00 the resistance level is at 152.00 CHFJPY will trade in an up channel until there is a trend reversal.  CHFJPY Technical Analysis: Daily Chart FOR MORE UPDATE CLICK HERE 

  S&P 200: NEWS & TECHNICAL  ANALYSIS Australia Stocks Higher At Close Of Trade; S&P/ASX 200 Up 0.21% Australia stocks were higher after the close on Thursday, as gains in the Energy, Financials and Resources sectors led shares higher. At the close in Sydney, the S&P/ASX 200 rose 0.21%. The best performers of the session on the S&P/ASX 200 were Whitehaven Coal Ltd (ASX:WHC), which rose 4.60% or 0.39 points to trade at 8.87 at the close. Meanwhile, Woodside Energy Ltd (ASX:WDS) added 4.30% or 1.39 points to end at 33.73 and Worley Ltd (ASX:WOR) was up 3.68% or 0.51 points to 14.38 in late trade. The worst performers of the session were South32 Ltd (ASX:S32), which fell 7.18% or 0.31 points to trade at 4.01 at the close. Nuix Ltd (ASX:NXL) declined 6.36% or 0.05 points to end at 0.77 and Nanosonics Ltd (ASX:NAN) was down 5.99% or 0.24 points to 3.77. Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 709 to 628 and 398 ended unchanged. S...

  TRADE SIGNAL AS ON 15-09-2022   EURNZD BUY = 1.6595 TARGET= 1.6600 SL= 1.6590                                                     AMERICAN EXPREES Co.         SELL = 156.40  TARGET= 152.22 SL= 162.07                                                 COFFEE SELL = 215.38 TARGET= 212.28 SL= 219.96 Click here for daily update

  EURUSD Technical Analysis: Weekly Chart In the weekly charts, EURUSD is trading in a down channel. EURUSD is currently trading below all SMA except MA (5). RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness. Its immediate support is 1.00600 the resistance level is at 1.01800 EURUSD will trade in a down channel until there is a trend reversal. EURUSD Technical Analysis: Daily Chart CLICK HERE FOR FULL REPORT 

  APPLE COMPUTER INC.: NEWS & TECHNICAL ANALYSIS iPhone 14 Pre-order Demand Robust Last week, Apple (NASDAQ:AAPL) presented the iPhone 14 line-up with unchanged pricing compared to iPhone 13. iPhone 14, iPhone 14 Pro, and iPhone 14 Pro Max are expected to arrive in stores on Friday while also arriving on the same day to customers who have managed to pre-order. The iPhone 14 Plus launches on Friday, October 7. It appears that demand is very strong as delivery estimates are already slipping into October. A Wedbush analyst says demand is “robust” as it is slightly ahead of iPhone 13 and better than what he was expecting. “This speaks to the underlying demand story that Apple anticipates for this next iPhone release with our estimates that 240 million of 1 billion iPhone users worldwide have not upgraded their phones in over 3.5 years,” he said in a client note. A Credit Suisse analyst noted that initial data shows demand for the Pro and Pro Max is stronger than for iPhone 14. “Wit...

  TWITTER: NEWS & TECHNICAL Twitter agreed to pay whistle-blower $7 million in June compensation settlements Twitter Inc agreed in June to pay $7 million to settle a compensation dispute with the whistle-blower whose allegations will be part of Elon Musk’s case against the company, according to a source familiar with the matter. Whistle-blower Peiter “Mudge” Zatko, who was fired by Twitter (NYSE:TWTR) in January and was the company’s security head, last month accused the social media firm of falsely claiming it had a solid security plan and making misleading statements about its defences against hackers and spam accounts. Zatko will meet the U.S. Senate Judiciary committee on Sept. 13 to discuss the allegations. The settlement resolved a dispute about unpaid compensation and did not prevent him from filing a whistle-blower complaint, which he did soon after reaching the agreement with Twitter, according to the source. Zatko’s attorney said Zatko cannot comment on the existence ...

  EURUSD: NEWS & TECHNICAL Euro slide as dollar marches higher After previously reaching a 24-year high versus the Japanese yen, the dollar gained momentum against the euro and pound on Thursday as investors prepared for higher U.S. interest rates and remained concerned about the state of the European economies. The pound struck a new two-and-a-half year low of $1.15545 down roughly 0.5% as the safe-haven dollar was boosted by swings away from riskier assets. The euro fell by 0.37% to just cling over parity versus the dollar at $1.10016. The U.S. dollar index, which compares the value of the dollar to a basket of other currencies, increased by 0.34 percent to 109.09, not far from the two-decade high of 109.48 reached on Monday. According to a poll, manufacturing output in the eurozone decreased for a second month in August, echoing a global decline in industrial activity. Despite a minor down this week, European energy prices are still quite high. EUR/USD TECHNICAL ANALYSIS: DA...

  FTSE 100: NEWS & TECHNICAL ANALYSIS EUROPEAN STOCK FUTURES EDGE HIGHER; ECB MEETING LOOMS LARGE European stock markets are expected to open higher Thursday, boosted by the positive close on Wall Street lifting global sentiment, but gains are likely to be tentative ahead of the latest European Central Bank policy-setting meeting. At 02:00 ET (06:00 GMT), the  DAX futures  contract in Germany traded 0.5% higher, CAC 40 futures in France climbed 0.3%, and the FTSE 100 futures contract in the U.K. rose 0.2%. The European Central Bank will be the market’s main focus Thursday, with the central bank widely expected to raise interest rates once more in an attempt to combat inflation rapidly approaching double figures. Although a hike of 50 basis points is the most likely move, matching July’s increase, with inflation at record levels and the cut in Russian gas supply pushing energy prices even higher, the case is strong for the ECB to be even more aggressive and deliver its...

  TRADE SIGNAL AS ON 08-09-2022   NZDJPY SELL = 87.125 TARGET= 86.986 SL= 87.210                                                     CHEVRON Corp. SELL = 155.12  TARGET= 152.31 SL= 157.79                                                 BRENT CRUDE OIL SELL = 88.34 TARGET= 88.09 SL= 88.63 CLICK HERE FOR DAILY UPDATE

  TESLA: NEWS & TECHNICAL   analysis Goldman Sachs Remains Bullish on Tesla After Meeting Electric vehicle maker,  Tesla  (NASDAQ:TSLA) is trading up in pre-market on Tuesday following a note by a Goldman Sachs analyst. The analyst reiterated a Buy rating and $333.33 price target on TSLA after meeting with the company’s VP of Investor Relations, Martin Viecha. Tesla believes that consumers will increasingly move toward EVs, even as it is too soon to quantify the effects of the newly signed Inflation Reduction Act (IRA). The analyst believes that consumers will be attracted to electric vehicles in the same way they were attracted towards other technology inflections (e.g. CRT to LCD TVs, and feature phones to smartphones). However, the EV industry could be supply-constrained over the intermediate term as new battery/component supply and assembly take time to ramp up. Software and services, especially FSD, remain a key focus for the company as they continue to deve...

  TRADE SIGNAL AS ON 06-09-2022   NZDCAD BUY = 0.8007 TARGET= 0.8016 SL= 0.8002                                                      TWITTER BUY = 38.60      TARGET= 38.86 SL= 38.50                                                 COFFEE SELL = 228.08 TARGET= 225.79 SL= 231.82             Click Here For Trading Signals Update

  WEEKLY SNAPSHOT      Manufacturing PMI (Aug), U.K.     WHEN:                                                                  WHAT IT HAD INFLUENCED: 01 st  SEPTEMBER 2022                                                GBP and its subsequent pairs WHAT HAPPENED:  The Manufacturing Purchasing Managers’ Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below 50 indicates contraction. GBPCAD is currently in the downward channel. Further downside can be seen in the coming week.     CB Consumer Confidence (Aug), U.S.     W...