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...

  FED 75-basis point hike moved U.S. STOCK FUTURES SLIGHTLY LOWER Asia-Pacific stocks were up on Thursday morning. The Shanghai Composite is up 0.25% at 3,284.46. Overall, the Singapore MSCI is up 1.12% at 298.00. Over in Hong Kong, the  Hang Seng Index  is down 0.26% at 20,611. In Japan, the Nikkei 225 is up 0.18% at 27,810.00, while the Topix index is down 0.05% at 1946.50. South Korea’s Kospi is up 0.82% at 2,435.27. Australia S&P/ASX 200 up 0.97% at 6889.70. Top News of the Day: U.S. stock futures  moved slightly lower in overnight trading after major benchmark averages lifted during Wednesday’s session as Federal Reserve policymakers delivered a 75-basis point hike. By 7:10pm ET (11:10pm GMT) Dow Jones Futures and S&P 500 Futures declined 0.1%, while Nasdaq 100 Futures were 0.4% lower. Market Summary as of 27/07/2022: European equities Wednesday closing. The DAX futures contract in Germany traded up 0.53% at 13,166.38, CAC 40 futures up 0.52% at 6290.41 ...

  USDSEK TECHNICAL ANALYSIS: WEEKLY CHART In the daily charts, USDSEK is trading in an up channel. USDSEK 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 9.7456 & the resistance level is at 10.1354. USDSEK  will trade in the up channel until there is trend reversal . USDSEK TECHNICAL ANALYSIS: DAILY CHART CLICK HERE FOR FULL REPORT