CSFX Market News | Global Market Update

  AUSTRALIA STOCKS LOWER AT CLOSE OF TRADE; S&P/ASX 200 DOWN 0.87% Australian stocks were lower after the close on Friday, as losses in the Metals & Mining, Materials and Resources sectors led shares lower. At the close in Sydney, the S&P/ASX 200 declined 0.87%. The best performers of the session on the S&P/ASX 200 were Qube Holdings Ltd (ASX:QUB), which rose 5.08% or 0.13 points to trade at 2.69 at the close. Meanwhile, Vicinity Centres Re Ltd (ASX:VCX) added 4.28% or 0.08 points to end at 1.95 and Ramelius Resources Ltd (ASX:RMS) was up 4.23% or 0.03 points to 0.74 in late trade. The worst performers of the session were Champion Iron Ltd (ASX:CIA), which fell 9.16% or 0.48 points to trade at 4.76 at the close. Silver Lake Resources Ltd (ASX:SLR) declined 8.23% or 0.10 points to end at 1.12 and Fortescue Metals Group Ltd (ASX:FMG) was down 8.15% or 1.31 points to 14.76. Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 798 to 493 and 378 en...

  EUROPEAN STOCKS HIGHER; POTENTIAL U.K. FISCAL U-TURN BOOSTS SENTIMENT European stock markets traded sharply higher Friday, continuing the global rebound after the latest U.S. inflation data, while speculation mounted that the U.K. government will abandon its plans for massive unfunded tax cuts. By 03:50 ET (07:50 GMT), the DAX in Germany traded 1% higher, the CAC 40 in France rose 1%, and U.K.’s FTSE 100 climbed 1%. U.S. stocks surged to finish more than 2% higher Thursday, reversing sharp falls, equities in Asia have followed suit and European equities continued the positive tone despite another hot U.S. inflation reading. Investors are clearly pricing in another leap-up in short-term borrowing costs from the Federal Reserve, but the gains in the global stock markets suggest fears that the inflation gains were going to be even more substantial. Back in Europe, sentiment has been boosted by reports the U.K. government could abandon the 43 billion pounds ($48.6 billion) of unfunde...

  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 ...

  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 

  S&P 500 TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, S&P 500 is trading above its previous downward channel. It is trading below all SMAs: MA (5), MA (20), and MA (50). The immediate support is 4320 and the resistance level is at 4590. S&P 500 is trading outside and above its previous downward channel. S&P 500 TECHNICAL ANALYSIS: DAILY CHART Read more

  NASDAQ 100 TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, NASDAQ 100 is trading above its downward channel. It is trading below all SMAs: MA (5), MA (20), and MA (50). The immediate support is 13730 and the resistance level is at 14860. NASDAQ 100 is trading outside and above its previous downward channel. NASDAQ 100 TECHNICAL ANALYSIS: DAILY CHART CLICK HERE FOR FULL REPORT