Forex Newsletter: Downbeat Start with Aussie & Kiwi Soaring

London: 17 October 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicated a glooming start this morning. Aussie & Kiwi emerged as top gainers, yet the Swedish Krona & Swiss Francs declined against the US Dollar. Global indices, Energy, & Metals markets were mixed. Let’s go through the sector-wise updates:

Key Takeaways

• Forex: AUD (Up 0.34%) & NZD (Up 0.11%) surged while SEK (Down 0.21%) & CHF (Down 0.12%) declined vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) slipped 0.97%, and Hang Seng (HKG33) edged 0.01%.
• European Indices Awaited Direction: FTSE (UK100), CAC (FRA40), & DAX (GER30) were almost unchanged at writing time.
• US Markets Flat & Negative: S&P 500 (SPX500) & Nasdaq (NAS100) we re almost unchanged, while Dow Jones (USA30) narrowly declined by 0.08%.
• Energy Markets Mixed: Brent Crude (UKOIL) dipped 0.13%, WTI Crude (OIL) slipped about 0.1%, yet Natural Gas (NATGAS) surged 0.16%.
• Precious Metals Mixed: Gold (XAUUSD) soared 0.34%, yet Silver (XAGUSD) was almost unchanged.

G10 Forex

AUD & NZD are Top Gainers

In the G10 FX Market, the Australian Dollar (AUD: Surged 0.34%) and New Zealand Dollar (NZD: Soared 0.11%) are the top gainers today versus the US Dollar (USD).

SEK & CHF are Top Laggers

On the other hand, Swedish Krona (SEK: Dropped 0.21%) and Swiss Francs (CHF: Dipped 0.12%) are the top losers versus the US Dollar (USD).

Forex Daily Pivot Points

Global Indices

Asian Markets Mixed

In the Asian equities, markets were trading mixed today. The Nikkei (JPN225) was trading at 38978.5, down 0.97%. The Hang Seng (HKG33) was trading at 20420.0, up 0.01%.

European Indices Flat

• The UK’s FTSE 100 (UK100) traded flat at 8355.5.
• France’s CAC 40 (FRA40) traded flat at 7505.4.
• Germany’s DAX 30 (GER30) traded flat at 19479.9.

US Equities Futures Dipped

Looking at Equity Futures so far, the SP500 Futures was trading at 5838.9502, down 0.08%.

Popular US Indices Downbeat

• Standard & Poor’s 500 (SPX500) was almost unchanged at 5844.95.
• Nasdaq (NAS100) traded flat at 20195.8.
• Dow Jones Industrial Average (USA30) slightly dipped by 0.08% to 43097.

Energy Markets

Crude Oil Futures Declined

In the Energy space, Oil futures were trading weak today. The Brent Crude Futures was trading at 74.205, down 0.02%. The WTI Crude Futures was trading at 70.12, down 0.01%.

Spot Prices: Crude Oil Dipped, Natural Gas Edged

• Brent Crude (UKOIL) dropped 0.13% to $74.12 a barrel.
• WTI Crude (OIL) dipped about 0.1% to $70.06 a barrel.
• Natural Gas (NATGAS) soared 0.16% to $2.7855/MMBtu.

Precious Metals Mixed

• Gold (XAUUSD) surged 0.34% to 2682.9448.
• Silver (XAGUSD) traded flat at 31.6735.

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 for the latest updates as the ECB interest decision later today, may influence the market dynamics.

_{We compared the Live Rates at about 05:53 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Freepik}