Forex Newsletter: Mixed Beginning with CHF & USD Gaining

London: 17 September 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate mixed signals this morning. Swiss Francs and US Dollars lead the pack in Forex; Asian indices are mixed; Europe awaits direction; US markets are buoyant; Energy gained; Precious Metals are mixed. Let’s take you through the sector-wise updates:

Key Takeaways

• Forex: CHF & USD soared while NZD (Down 0.2%) & SEK (Down 0.16%) dipped.
• Asia-Pacific Mixed: Nikkei (JPN225) dipped 1.48%, and Hang Seng (HKG33) surged 1.69%.
• European Indices Unchanged: FTSE (UK100), CAC (FRA40), and DAX (GER30) traded flat at writing time.
• US Markets Optimistic: S&P 500 (SPX500) & Dow Jones (USA30) slightly edged up, and Nasdaq (NAS100) soared 0.2%.
• Energy Markets Gained: Brent Crude (UKOIL) soared 0.19%, WTI Crude (OIL) surged 0.1%, and Natural Gas (NATGAS) made modest gains of 0.75%.
• Precious Metals Mixed: Gold (XAUUSD) declined 0.17%, and Silver (XAGUSD) slightly edged up.

G10 Forex

CHF & USD are Top Gainers

In the G10 FX Market, Swiss Francs (CHF) and US Dollars (USD) are today's top gainers, as they soared against the other major currencies.

NZD & SEK are Top Laggers

The New Zealand Dollar (NZD: Dipped 0.2%) and Swedish Krona (SEK: Slipped 0.16%) are the top losers versus the dollar (USD).

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Mixed

In Asian equities, markets were trading mixed today. The Nikkei (JPN225) was trading at 36043.5, down 1.48%. The Hang Seng (HKG33) was trading at 17690.0, up 1.69%.

European Indices Flat

• The UK’s FTSE 100 (UK100) traded flat at 8315.8.
• France’s CAC 40 (FRA40) traded flat at 7488.2.
• Germany’s DAX 30 (GER30) traded flat at 18714.7.

US Equities Futures Slightly Edged Up

Looking at Equity Futures, the SP500 Futures was trading at 5641.0498, up 0.04%.

Popular US Indices Positive

• Standard & Poor’s 500 (SPX500) slightly increased to 5641.75.
• Nasdaq (NAS100) soared 0.2% to 19451.2.
• Dow Jones Industrial Average (USA30) narrowly edged up to 41653.5.

Energy Markets Optimistic

Crude Oil Futures Strengthened

In the energy space, oil futures trade is more robust today. The WTI Crude Futures was trading at 69.4, up 0.19%, and the Brent Crude Futures was trading at 72.635, up 0.13%.

Spot Prices Heated Up

• Brent Crude (UKOIL) soared 0.19% to $72.675 a barrel.
• WTI Crude (OIL) increased 0.1% to $69.455 a barrel.
• Natural Gas (NATGAS) surged 0.75% to $2.6195/MMBtu.

Precious Metals Mixed

• Gold (XAUUSD) dipped 0.17% to 2578.095.
• Silver (XAGUSD) slightly edged up to 30.7495.

To Summarize

Today’s forex trading newsletter covers the status of various financial instruments across forex, stock indices, and commodities at the morning bell. The global markets showcase a mixed start. Stay tuned for the latest financial news and updates as the trading day progresses.

_{Live Rates at about 05:43 AM GMT are compared to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Dylan Calluy on Unsplash}