Forex Newsletter: Mixed Beginning with Kiwi & Aussie Gaining

London: 22 October 2024 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets indicate a mixed start today, with Kiwi & Aussie emerging as top gainers while US Dollar & Yen dip. Global indices & the Energy markets were mixed, yet Metals made modest gains.

Let’s dive into the sector-wise updates:

Key Takeaways

• Forex: NZD (Up 0.46%) & AUD (Up 0.44%) surged while USD & JPY dropped.
• Asia-Pacific Mixed: Nikkei (JPN225) dropped 1.35%, and Hang Seng (HKG33) edged 0.53%.
• European Indices Mixed: FTSE (UK100) dropped 0.31%, CAC (FRA40) dipped 0.21%, & DAX (GER30) soared 0.06%.
• US Markets Down: S&P 500 (SPX500) dipped 0.21%, Nasdaq (NAS100) slipped 0.34%, & Dow Jones (USA30) also declined 0.14%.
• Energy Markets Mixed: Brent Crude (UKOIL) & WTI Crude (OIL) slightly dipped, & Natural Gas (NATGAS) traded flat.
• Precious Metals Gained: Gold (XAUUSD) surged 0.48%, & Silver (XAGUSD) soared 0.81%.

G10 Forex

NZD & AUD are Top Gainers

In the G10 FX Market, the New Zealand Dollar (NZD: Surged 0.46%) and Australian Dollar (AUD: Soared 0.44%) are the top gainers today versus the US Dollar (USD).

USD & JPY are Top Laggers

On the other hand, the US Dollar (USD) and Japanese Yen (JPY) are the top losers as they declined against the other major currencies.

Forex Daily Pivot Points

Global Indices

Asian Markets Mixed

In the Asian equities, markets were trading mixed today. The Nikkei (JPN225) was trading at 38436.0, down 1.35%. The Hang Seng (HKG33) was trading at 20520.0, up 0.53%.

European Indices Mixed

In the European equities, indices were trading mixed today.

• The UK’s FTSE 100 (UK100) was trading at 8306.9502, down 0.31%.
• France’s CAC 40 (FRA40) was trading at 7534.54, down 0.21%.
• Germany’s DAX 30 (GEr30) was trading at 19537.9004, up 0.06%.

US Equities Futures Dropped

Looking at Equity Futures so far, the SP500 Futures was trading at 5849.7002, down 0.23%.

Popular US Indices Declined

• Standard & Poor’s 500 (SPX500) dropped 0.21% to 5853.0996.
• Nasdaq (NAS100) dipped 0.34% to 20332.
• Dow Jones Industrial Average (USA30) slipped 0.14% to 42932.

Energy Markets

Crude Oil Futures Dipped

In the energy space, oil futures trade is weak today. The Brent Crude Futures was trading at 73.6865, down 0.06%. The WTI Crude Futures was trading at 69.68, down 0.38%.

Spot Prices Mixed

• Brent Crude (UKOIL) slightly dipped to $73.6895 a barrel.
• WTI Crude (OIL) narrowly declined to $69.685 a barrel.
• Natural Gas (NATGAS) traded flat at $2.8335/MMBtu.

Precious Metals Surged

• Gold (XAUUSD) surged 0.48% to 2732.5552.
• Silver (XAGUSD) increased 0.81% to 34.068.

To Summarize

Today’s forex trading newsletter covers the status of various financial instruments across forex, stock indices, and commodities at the morning bell. Get the latest news and updates from the financial world as the trading day progresses.

_{We compared the Live Rates at about 05:45 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Freepik}