CSFX Market News | Global Market Update

  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

  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 FUTURES CLOSED “-VE” AS THE FED INTEREST RATE DECISION IS DUE IN THIS SESSION Asia-Pacific stocks were mixed on Wednesday morning. The Shanghai Composite is up 0.07% at 3,279.64. Overall, the Singapore MSCI is up 0.05% at 293.65. Over in Hong Kong, the  Hang Seng Index  is down 1.06% at 20,665. In Japan, the Nikkei 225 is up 0.40% at 27,760.00, while the Topix index is up 0.18% at 1947.50. South Korea’s Kospi is up 0.11% at 2,415.53. Australia S&P/ASX 200 up 0.23% at 6823.20. Top News of the Day: U.S. stock futures  were trading higher during Tuesday’s evening deals, following a negative close for major benchmark averages as market participants monitor earnings from mega-cap technology companies as well as the Federal Reserve’s latest interest rate decision due later in the session. By 7:15pm ET (11:15pm GMT) Dow Jones Futures were up 0.2%, S&P 500 Futures lifted 0.6%, and Nasdaq 100 Futures gained 1.2%. Market Summary as per 26/07/2022: European equitie...