Forex Newsletter: Mixed Bag with Yen & Aussie Shining

London: 19 November 2024 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets indicated a mixed start today, with Yen & Aussie emerging as top gainers and Euro & Swiss Francs dipping against the Greenback. Global indices were mostly optimistic. Crude Oil declined, yet Natural Gas gained. Gold & Silver gained glimmer.

Let’s take you through the sector-wise updates for more details:

Key Takeaways

• Forex: JPY (Up 0.1%) & AUD (Up 0.05%) soared while EUR & CHF (Both Down 0.11%) dropped vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) slightly edged 0.02%, yet Hang Seng (HKG33) dropped 0.41%.
• European Indices Up: FTSE (UK100) surged 0.38%, CAC (FRA40) gained 0.49%, & DAX (GER30) increased 0.44%.
• US Markets Gained: S&P 500 (SPX500) edged 0.1%, Nasdaq (NAS100) soared 0.17%, & Dow Jones (USA30) slightly picked up by 0.08%.
• Energy Markets Mixed: Brent Crude (UKOIL) & WTI Crude (OIL) dropped about 0.1%, yet Natural Gas (NATGAS) gained 0.94%.
• Precious Metals Picked Up: Gold (XAUUSD) rose 0.3%, & Silver (XAGUSD) edged 0.22%.

G10 Forex

JPY & AUD are Top Gainers

In the G10 FX Market, the Japanese Yen (JPY: Soared 0.1%) and the Australian Dollar (AUD: Edged 0.05%) are the top gainers today versus the US Dollar (USD).

EUR & CHF are Top Laggers

On the other hand, the Euro (EUR: Dropped 0.11%) and Swiss Francs (CHF: Also Dipped 0.11%) are the top losers versus the US Dollar (USD).

Forex Daily Pivot Points

Global Indices Mostly Positive

Asian Markets Mixed

In Asian equities, markets were trading mixed today.

• The Nikkei (JPN225) was trading at 38371.3008, up 0.02%.
• The Hang Seng (HKG33) was trading at 19629.0, down 0.41%.

European Indices Soared

In European equities, indices were trading firm today.

• The UK’s FTSE 100 (UK100) soared 0.38% to 8143.8101.
• France’s CAC 40 (FRA40) surged 0.49% to 7299.8198.
• Germany’s DAX 30 (GER30) also edged 0.44% to 19227.1992.

US Equities Futures Up

Looking at Equity Futures, the SP500 Futures was trading at 5913.3198, up 0.19%.

Popular US Indices Optimistic

• Standard & Poor’s 500 (SPX500) soared about 0.1% to 5909.98.
• Nasdaq (NAS100) edged 0.17% to 20601.5.
• Dow Jones Industrial Average (USA30) slightly gained by 0.08% to 43485.9.

Energy Markets

Crude Oil Futures Surged

In the Energy space, Oil futures were trading firm today. The Brent Crude Futures was trading at 73.1835, up 0.2%. The WTI Crude Futures was trading at 69.265, up 0.48%.

Spot Prices Mixed

• Brent Crude (UKOIL) dipped 0.11% to $72.9575 a barrel.
• WTI Crude (OIL) slipped 0.1% to $68.965 a barrel.
• Natural Gas (NATGAS) soared 0.94% to $3.1785/MMBtu.

Precious Metals Gained

• Gold (XAUUSD) surged 0.3% to 2619.79.
• Silver (XAGUSD) soared 0.22% to 31.2225.

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 significant economic releases, like RBA meeting minutes & Canada's inflation rate, may influence the market dynamics later today.

_{We compared the Live Rates at about 07:11 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Freepik}