Forex Newsletter: Downbeat Morning with Yen & Loonie Gaining

London: 22 August 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate mixed and mostly downbeat signals this morning. Yen and Loonie soared against the Greenback in Forex; Nikkei in Asia and Natural Gas made moderate gains. However, we can see a downbeat start for Hang Seng in Asia, US indices, Crude Oil, and Metals. Let’s go through the sector-wise updates:

Key Takeaways

• Forex: JPY (Up 0.07%) & CAD (Up 0.04%) are Top Gainers; SEK (Down 0.17%) & NOK (Down 0.14%) are Top Laggers vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) soared 0.27%, yet Hang Seng (HKG33) dipped 0.28% today.
• European Indices Unchanged: FTSE (UK100), CAC (FRA40), and DAX (GER30) were trading flat at writing time.
• US Markets Narrowly Dipped: S&P 500 (SPX500), Nasdaq (NAS100), and Dow Jones (USA30) slightly dipped.
• Energy Markets Mixed: Brent Crude (UKOIL) slipped 0.09%, WTI Crude (OIL) dipped 0.17%, yet Natural Gas (NATGAS) soared 0.52% today.
• Precious Metals Lost Shine: Gold (XAUUSD) dipped 0.38%, and Silver (XAGUSD) also dropped 0.39% today.

G10 Forex

JPY & CAD are Top Gainers

In the G10 FX Market, Japanese Yen (JPY: Soared 0.07%) and Canadian Dollar (CAD: Edged Up 0.04%) are the top gainers today versus the dollar (USD).

SEK & NOK are Top Laggers

Swedish Krona (SEK: Dipped 0.17%) and Norwegian Krone (NOK: Slipped 0.14%) are the top losers versus the dollar (USD).

Forex Daily Pivot Points

Global Indices Mostly Down

Asian Markets Mixed

In Asian equities, markets were trading mixed today. The Nikkei (JPN225) was trading at 38122.0, up 0.27%. The Hang Seng (HKG33) was trading at 17457.5, down 0.28%.

European Indices Flat

• The UK’s FTSE 100 (UK100) traded flat at 8287.
• France’s CAC 40 (FRA40) traded flat at 7539.7.
• Germany’s DAX 30 (GER30) traded flat at 18474.4.

US Equities Futures Slipped

Looking at Equity Futures so far, The SP500 Futures was trading at 5619.5498, down 0.14%.

Popular US Indices Slightly Down

• Standard & Poor’s 500 (SPX500) dipped slightly to 5620.35.
• Nasdaq (NAS100) narrowly dipped to 19832.6.
• Dow Jones Industrial Average (USA30) slightly slipped to 40903.

Energy Markets Gloomy

Crude Oil Futures Mixed

In the Energy space, Oil futures were trading mixed today. The WTI Crude Futures was trading at 71.685, up 0.02%. The Brent Crude Futures was trading at 75.555, down 0.14%.

Spot Prices Mixed

• Brent Crude (UKOIL) dipped about 0.09% to $75.585 a barrel.
• WTI Crude (OIL) slipped 0.17% to $71.71 a barrel.
• Natural Gas (NATGAS) soared 0.52% to $2.3385/MMBtu.

Precious Metals Declined

• Gold (XAUUSD) declined 0.38% to 2502.7583.
• Silver (XAGUSD) also slipped 0.39% to 29.4835.

To Summarize

Today’s forex trading newsletter covers the status of various financial instruments across forex, stock indices, and commodities at the morning bell. Stay tuned as we bring the latest updates from the financial world as the trading day unfolds.

_{Live Rates at about 05:35 AM GMT are compared to the Last Close Values to calculate the Percentage Differences. Image Courtesy: master1305 on Freepik}