Forex Newsletter: Cautious Start with AUD & USD Gaining

London: 3 July 2024 (TraderMade): Welcome to today's FX Newsletter! The global financial markets started cautiously this morning, as AUD & USD picked up in Forex, Asian indices surged, yet European and US indices traded flat. Crude Oil slightly dipped; however, Gold and Silver gained. Let's take you through the sector-wise updates:

Key Takeaways

• Forex: AUD & USD surged, while JPY (Dipped 0.22%) & NOK (Dipped 0.09%) declined against the USD today.
• Asia-Pacific Up: Nikkei (JPN225) surged 0.92%, Hang Seng (HKG33) also soared 0.29%.
• European Indices Flat: FTSE (UK100), CAC (FRA40), and DAX (GER30) were unchanged at writing time.
• US Markets Flat: S&P 500 (SPX500), Nasdaq (NAS100) and Dow Jones (USA30) were almost flat at writing time.
• Energy Markets Dipped: Brent Crude (UKOIL) and WTI Crude (OIL) slightly dipped while Natural Gas (NATGAS) was down 0.95% today.
• Precious Metals Soared: Gold (XAUUSD) increased 0.17%, while Silver (XAGUSD) gained 0.53% today.

G10 Forex

AUD & USD are Top Gainers

In the G10 FX Market, the Australian Dollar (AUD) and the US Dollar (USD) are today's top gainers as they surged against the other major currencies.

JPY & NOK are Top Laggers

Japanese Yen (JPY: Declined 0.22%) and Norwegian Krone (NOK: Slipped 0.09%) are the top losers versus the dollar (USD).

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Stronger

In Asian equities, markets were trading stronger today. The Nikkei (JPN225) was trading at 40602.0, up 0.92%. The Hang Seng (HKG33) was trading at 17924.0, up 0.29%.

European Indices Flat

• The UK's FTSE 100 (UK100) trades flat at 8140.6.
• France's CAC 40 (FRA40) trades flat at 7555.
• Germany's DAX 30 (GER30) trades flat at 18175.

US Equities Futures Unchanged

Looking at Equity Futures so far, The SP500 Futures was trading at 5510.6499 (Almost Flat).

Popular US Indices Almost Unchanged

• Standard & Poor's 500 (SPX500) trades almost unchanged at 5510.95.
• Nasdaq (NAS100) traded with a slight upward edge at 20033.7.
• Dow Jones Industrial Average (USA30) narrowly dipped to 39356.

Energy Markets

Crude Oil Futures Strengthened

In the energy space, the oil futures trade is more substantial today. The WTI Crude Futures was trading at 82.68, up 0.21%. The Brent Crude Futures was trading at 86.445, up 0.04%.

Spot Prices Declined

• Brent Crude (UKOIL) slightly edged up to $86.415 a barrel.
• WTI Crude (OIL) dipped somewhat to $82.645 a barrel.
• Natural Gas (NATGAS) dipped 0.95% to $2.4535/MMBtu.

Precious Metals

• Gold (XAUUSD) soared 0.17% to 2333.455.
• Silver (XAGUSD) surged 0.53% to 29.681.

To Summarize

Today's Forex trading newsletter covers the status of various financial instruments across Forex, stock indices, and commodities at the morning bell. Today's statistics show a cautious start. As this is just the beginning, please stay tuned for more updates as the trading day progresses.

_{Live Rates at about 05:58 AM GMT are compared to Last Close values to calculate percentage differences. Image Courtesy: sergeitokmakov from Pixabay}