Forex Newsletter: Bright Start with AUD & NOK Gaining

London: 26 July 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate an optimistic start this morning with Aussie and Norwegian Krone leading the pack in Forex. Global indices and metals markets were positive, yet Crude Oil slightly dipped. Let’s take you through the sector-wise updates:

Key Takeaways

• Forex: Top Gainers: AUD (Up 0.25%) & NOK (Up 0.21%); Top Laggers: NZD & USD.
• Asia-Pacific Soared: Nikkei (JPN225) was up 0.07%, Hang Seng (HKG33) also edged up 0.01%.
• European Indices Unchanged: FTSE (UK100), CAC (FRA40), and DAX (GER30) traded flat at writing time.
• US Markets Surged: S&P 500 (SPX500) edged up 0.37%, Nasdaq (NAS100) soared 0.51%, and Dow Jones (USA30) also picked up 0.21% today.
• Energy Markets Mixed: Brent Crude (UKOIL) and WTI Crude (OIL) slightly dipped, yet Natural Gas (NATGAS) soared 0.89% today.
• Precious Metals Soared: Gold (XAUUSD) gained 0.41%, and Silver (XAGUSD) slightly edged up today.

G10 Forex

AUD & NOK are Top Gainers

In the G10 FX Market, the Australian Dollar (AUD: Surged 0.25%) and Norwegian Krone (NOK: Soared 0.21%) are the top gainers today versus the dollar (USD).

NZD & USD are Top Laggers

The New Zealand Dollar (NZD) and US Dollar (USD) are the top losers, as they declined against the other major currencies today.

Forex Daily Pivot Points

Global Indices Positive

Asian Markets Strengthened

Today, Asian equities markets are stronger. The Nikkei (JPN225) was trading at 37918.0, up 0.07%, and the Hang Seng (HKG33) was trading at 17033.0, up 0.01%.

European Indices Flat

• The UK’s FTSE 100 (UK100) trades flat at 8188.7.
• France’s CAC 40 (FRA40) trades flat at 7430.3.
• Germany’s DAX 30 (GER30) trades flat at 18262.5.

US Equities Futures Soared

Looking at Equity Futures so far, The SP500 Futures was trading at 5433.6499, up 0.32%.

Popular US Indices Surged

• Standard & Poor’s 500 (SPX500) soared 0.37% to 5427.55.
• Nasdaq (NAS100) surged 0.51% to 18943.6.
• Dow Jones Industrial Average (USA30) edged up 0.21% to 40125.

Energy Markets

Crude Oil Futures Mixed

In the Energy space, Oil futures were trading mixed today. The WTI Crude Futures was trading at 77.995, up 0.13%, and the Brent Crude Futures was trading at 81.53, down 0.01%.

Spot Prices Mixed

• Brent Crude (UKOIL) slightly dipped to $81.5 a barrel.
• WTI Crude (OIL) narrowly slipped to $77.955 a barrel.
• Natural Gas (NATGAS) surged 0.89% to $2.1065/MMBtu.

Precious Metals Gained

• Gold (XAUUSD) soared 0.41% to 2374.062.
• Silver (XAGUSD) slightly edged up to 27.856.

To Summarize

Today’s forex trading newsletter covers the status of various financial instruments across forex, stock indices, and commodities at the morning bell. The global indices indicate an uptrend, yet crude oil is slightly down this morning. Stay tuned for the latest updates as the trading day unfolds.

_{Live rates at about 05:54 AM GMT are compared to the Last Close values to calculate the percentage differences. Image Courtesy: creativeart on Freepik}