Forex Newsletter: Mixed Beginning with CAD & AUD Soaring

London: 21 August 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate a mixed start with Loonie and Aussie soaring against the Greenback in Forex, positive outlooks across Asia-Pacific and US indices and Metals, yet a downbeat start in Energy Markets. Let’s take you through the sector-wise updates:

Key Takeaways

• Forex: Top Gainers: CAD (Up 0.06%) & AUD (Up 0.03%); Top Laggers: JPY (Down 0.28%) & NZD (Down 0.12%) vs USD.
• Asia-Pacific Up: Nikkei (JPN225) surged 0.92%, Hang Seng (HKG33) soared 0.12% today.
• European Indices Flat: FTSE (UK100), CAC (FRA40), and DAX (GER30) were almost unchanged at writing time.
• US Markets Edged Up: S&P 500 (SPX500) picked up 0.16%, Nasdaq (NAS100) soared 0.22%, and Dow Jones (USA30) also edged up 0.12%.
• Energy Markets Mixed: Brent Crude (UKOIL) slipped 0.12%, WTI Crude (OIL) dipped 0.17%, yet Natural Gas (NATGAS) slightly edged up.
• Precious Metals Gained: Gold (XAUUSD) slightly edged up, and Silver (XAGUSD) also soared 0.34% today.

G10 Forex

CAD & AUD are Top Gainers

In the G10 FX Market, the Canadian Dollar (CAD: Surged 0.06%) and Australian Dollar (AUD: Soared 0.03%) are the top gainers today versus the dollar (USD).

JPY & NZD are Top Laggers

The Japanese Yen (JPY: Dipped 0.28%) and New Zealand Dollar (NZD: Slipped 0.12%) are the top losers versus the dollar (USD).

Forex Daily Pivot Points

Global Indices Optimistic

Asian Markets Gained

In Asian equities, markets were trading stronger today. The Nikkei (JPN225) was trading at 37935.0, up 0.92%. The Hang Seng (HKG33) was trading at 17358.0, up 0.12%.

European Indices Flat

• The UK’s FTSE 100 (UK100) traded flat at 8247.9.
• France’s CAC 40 (FRA40) traded flat at 7478.9.
• Germany’s DAX 30 (GER30) traded flat at 18353.5.

US Equities Futures Positive

Looking at Equity Futures so far, The SP500 Futures was trading at 5610.8501, up 0.16%.

Popular US Indices Soared

• Standard & Poor’s 500 (SPX500) edged up 0.16% to 5610.25.
• Nasdaq (NAS100) soared 0.22% to 19771.7.
• Dow Jones Industrial Average (USA30) also surged 0.12% to 40926.

Energy Markets

Crude Oil Futures Down

In the Energy space, Oil futures were trading weaker today. The WTI Crude Futures was trading at 72.93, down 0.05%. The Brent Crude Futures was trading at 76.615, down 0.07%.

Spot Prices Mixed

• Brent Crude (UKOIL) dipped 0.12% to $76.575 a barrel.
• WTI Crude (OIL) declined 0.17% to $72.88 a barrel.
• Natural Gas (NATGAS) slightly edged up to $2.3315/MMBtu.

Precious Metals Soared

• Gold (XAUUSD) narrowly edged up to 2516.136.
• Silver (XAGUSD) soared 0.34% to 29.541.

To Summarize

Today’s forex trading newsletter covers the status of various financial instruments across forex, stock indices, and commodities at the morning bell. Though Asian and US indices and Metals show optimism, Crude Oil has declined today. Stay tuned for more updates as the trading day progresses.

_{Live Rates at about 05:38 AM GMT are compared to the Last Close Values to calculate the Percentage Differences. Image Courtesy: DC Studio on Freepik}