Forex Newsletter: Mixed Beginning with Kiwi & Aussie Soaring

London: 27 August 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate a mixed start, with the US Dollar continuing its nosedive in Forex and mixed performance across global stocks and commodities markets. Let’s take you through the sector-wise updates:

Key Takeaways

• Forex: NZD (Up 0.29%) & AUD (Up 0.22%) gained while USD & JPY declined.
• Asia-Pacific Optimistic: Nikkei (JPN225) soared 0.5%, and Hang Seng (HKG33) surged 0.93%.
• European Indices Unchanged: FTSE (UK100), CAC (FRA40), and DAX (GER30) traded flat at writing time.
• US Markets Positive: S&P 500 (SPX500) soared 0.14%, Nasdaq (NAS100) surged 0.32%, and Dow Jones (USA30) slightly edged up.
• Energy Markets Mixed: Brent Crude (UKOIL) was slightly up, WTI Crude (OIL) was slightly down, and Natural Gas (NATGAS) surged 1.22% today.
• Precious Metals Mixed: Gold (XAUUSD) slipped 0.28%, and Silver (XAGUSD) gained 0.27% today.

G10 Forex

NZD & AUD are Top Gainers

In the G10 FX Market, the New Zealand Dollar (NZD: Soared 0.29%) and Australian Dollar (AUD: Soared 0.22%) are the top gainers today versus the dollar (USD).

USD & JPY are Top Laggers

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

Forex Daily Pivot Points

Global Indices

Asian Markets Strengthened

In Asian equities, markets were trading stronger today. The Nikkei (JPN225) was trading at 38247.0, up 0.5%. The Hang Seng (HKG33) was trading at 17821.0, up 0.93%.

European Indices Flat

• The UK’s FTSE 100 (UK100) traded flat at 8334.5.
• France’s CAC 40 (FRA40) traded flat at 7587.2.
• Germany’s DAX 30 (GER30) traded flat at 18619.6.

US Equities Futures Edged Up

Looking at Equity Futures so far, The SP500 Futures was trading at 5624.7002, up 0.09%.

Popular US Indices Soared

• Standard & Poor’s 500 (SPX500) soared 0.14% to 5624.65.
• Nasdaq (NAS100) surged 0.32% to 19555.3.
• Dow Jones Industrial Average (USA30) slightly edged up to 41267.

Energy Markets

Crude Oil Futures Positive

In the Energy space, Oil futures were trading stronger today. The Brent Crude Futures was trading at 80.225, up 0.06%. The WTI Crude Futures was trading at 76.785, up 0.06%.

Spot Prices Mixed

• Brent Crude (UKOIL) narrowly inched up to $80.22 a barrel.
• WTI Crude (OIL) slightly dipped to $76.775 a barrel.
• Natural Gas (NATGAS) surged 1.22% to $2.1985/MMBtu.

Precious Metals Mixed

• Gold (XAUUSD) dipped 0.28% to 2511.065.
• Silver (XAGUSD) soared 0.27% to 29.99.

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 indicate a mixed start. Stay tuned for the latest updates in the financial world as the trading day unfolds.

_{Live Rates at about 05:34 AM GMT are compared to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Freepik}