Forex Newsletter: Downbeat Beginning with CHF & GBP Gains

London: 10 July 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate a downbeat start this morning. Let’s take you through the updates in G10 Forex, Stocks, and Commodities across the globe:

Key Takeaways

• Forex: CHF (up 0.06%) & GBP (up 0.03%) gained while NZD (down 0.54%) & JPY (down 0.15%) dipped against the USD today.
• Asia-Pacific Mixed: Nikkei (JPN225) surged 0.81%, and Hang Seng (HKG33) dipped 0.54% today.
• European Indices Slipped: FTSE (UK100) slipped 0.1%, CAC (FRA40) slightly dipped, and DAX (GER30) declined 0.14% today at writing time.
• US Markets Unchanged: S&P 500 (SPX500), Nasdaq (NAS100), and Dow Jones (USA30) traded flat at writing time.
• Energy Markets Down: Brent Crude (UKOIL) dipped 0.96%, WTI Crude (OIL) slipped 0.94%, and Natural Gas (NATGAS) also dipped 0.4% today.
• Precious Metals Mixed: Gold (XAUUSD) soared 0.17%, yet Silver (XAGUSD) dipped 0.24% today.

G10 Forex

CHF & GBP are Top Gainers

In the G10 FX Market, Swiss Francs (CHF: up 0.06%) and British Pound (GBP: up 0.03%) are the top gainers today versus the dollar (USD).

NZD & JPY are Top Laggers

The New Zealand Dollar (NZD: down 0.54%) and Japanese Yen (JPY: down 0.15%) are the top losers versus the dollar (USD).

Forex Daily Pivot Points

Global Indices Mostly Dipped

Asian Markets Mixed

In Asian equities, markets were trading mixed today. The Nikkei (JPN225) was trading at 41838.0, up 0.81%. The Hang Seng (HKG33) was trading at 17481.0, down 0.54%.

European Indices Declined

• The UK’s FTSE 100 (UK100) dipped about 0.1% to 8150.
• France’s CAC 40 (FRA40) slightly slipped to 7500.3.
• Germany’s DAX 30 (GER30) slipped 0.14% to 18228.4.

US Equities Futures Slightly Down

Looking at Equity Futures so far, The SP500 Futures was trading at 5585.8501, down 0.01%.

Popular US Indices Broadly Unchanged

• Standard & Poor’s 500 (SPX500) traded flat at 5583.65.
• Nasdaq (NAS100) traded almost flat at 20506.5.
• Dow Jones Industrial Average (USA30) traded almost unchanged at 39289.5.

Energy Markets Declined

Crude Oil Futures Dipped

In the Energy space, Oil futures were trading weak today. The WTI Crude Futures was trading at 80.51, down 0.63%. The Brent Crude Futures was trading at 83.965, down 0.85%.

Spot Prices Cool Down

• Brent Crude (UKOIL) dipped 0.96% to $83.875 a barrel.
• WTI Crude (OIL) slipped 0.94% to $80.41 a barrel.
• Natural Gas (NATGAS) also declined 0.4% to $2.3525/MMBtu.

Precious Metals Mixed

• Gold (XAUUSD) soared 0.17% to 2368.17.
• Silver (XAGUSD) dipped 0.24% to 30.728.

To Summarize

Today’s forex trading newsletter covers the status of various financial instruments across forex, stock indices, and commodities at the morning bell. As the trading day progresses, we will keep you updated on crucial financial developments.

_{Live rates at about 06:02 AM GMT are compared to the Last Close values to calculate percentage differences. Image Courtesy: rawpixel.com on Freepik}