Forex Newsletter: Cautious Start with JPY & AUD Surging

London: 27 June 2024 (TraderMade): Welcome to today's Forex Newsletter! This morning, the global financial markets present a mixed mosaic with JPY & AUD leading the pack in forex, Asian indices dipping, Europe & US markets almost unchanged, and mixed signals across commodities. Let's take you through the sector-wise updates:

Key Takeaways

• Forex: JPY & AUD soared 0.26% & 0.22% against the USD respectively, while CAD & USD declined against the other major currencies today.
• Asia-Pacific Dipped: Nikkei (JPN225) slipped 0.14%, Hang Seng (HKG33) plummeted 1.58% today.
• European Indices Flat: FTSE (UK100), CAC (FRA40), and DAX (GER30) were unchanged at writing time.
• US Markets Unchanged: S&P 500 (SPX500), Nasdaq (NAS100), and Dow Jones (USA30) remained almost unchanged.
• Energy Markets Mixed: Brent Crude (UKOIL) dipped 0.14%, WTI Crude (OIL) slipped 0.15%, yet Natural Gas (NATGAS) soared 0.55% today.
• Precious Metals: Gold (XAUUSD) was almost flat, and Silver (XAGUSD) dipped 0.19% today.

G10 Forex

JPY & AUD are Top Gainers

In the G10 FX Market, Japanese Yen (JPY: up 0.26%) and Australian Dollar (AUD: soared 0.22%) are the top gainers today versus the dollar (USD).

CAD & USD are Top Laggers

The Canadian Dollar (CAD) and the US Dollar (USD) are the top losers, as they dipped against the other major currencies today.

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Declined

Today, Asian equities markets are weaker. The Nikkei (JPN225) was trading at 39315.5, down 0.14%, and the Hang Seng (HKG33) was trading at 17672.0, down 1.58%.

European Indices Flat

The UK's FTSE 100 (UK100) trades flat at 8230.2. France's CAC 40 (FRA40) trades flat at 7617.3. Germany's DAX 30 (GER30) trades flat at 18157.8.

US Equities Futures Edged Up

Looking at Equity Futures, The SP500 Futures was trading at 5469.25, up 0.05%.

Popular US Indices Almost Unchanged

Standard & Poor's 500 (SPX500) traded flat at 5472.45. Nasdaq (NAS100) traded flat 19713.85. Dow Jones Industrial Average (USA30) traded flat at 39112.

Energy Markets

Crude Oil Futures Mixed

In the energy space, oil futures are trading mixed today. The WTI Crude Futures was trading at 80.41, up 0.05%, and the Brent Crude Futures was trading at 84.225, down 0.27%.

Spot Prices Mixed

Brent Crude (UKOIL) dipped 0.14% to $84.335 a barrel. WTI Crude (OIL) slipped 0.15% to $80.525 a barrel. Natural Gas (NATGAS) surged 0.55% to $2.7565/MMBtu.

Precious Metals Dipped

Gold (XAUUSD) traded flat at 2298.3203. Silver (XAGUSD) dipped 0.19% to 28.719.

To Summarize

Today's Forex Newsletter covers the status of financial instruments in the forex, stocks, and commodities markets. Stay with us as the US quarterly GDP Growth Rate figures may change today's market dynamics.

_{Live Rates at about 05:48 AM GMT are compared to the Last Close to calculate percentage differences. Image Courtesy: Brian Ngali from Pexels}