Forex Newsletter: Mixed Kick-Off with AUD & NOK Soaring

London: 24 September 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate a mixed beginning this morning. Aussie & Norwegian Krone led the pack in Forex. We can see mixed signals across the global indices; Energy & Metals surged. Let’s take you through the sector-wise updates for more details:

Key Takeaways

• Forex: AUD (Surged 0.44%) & NOK (Soared 0.39%) gained vs. USD, while USD & JPY dropped against the other major currencies.
• Asia-Pacific Mixed: Nikkei (JPN225) dropped 0.65%, and Hang Seng (HKG33) surged 2.7%.
• European Indices Unchanged: FTSE (UK100), CAC (FRA40), and DAX (GER30) traded flat at writing time.
• US Markets Mixed: S&P 500 (SPX500) & Dow Jones (USA30) were almost unchanged, and Nasdaq (NAS100) soared 0.19%.
• Energy Markets Heated Up: Brent Crude (UKOIL) surged 0.65%, WTI Crude (OIL) soared 0.69%, and Natural Gas (NATGAS) also increased 1.33%.
• Precious Metals Surged: Gold (XAUUSD) rose 0.14%, and Silver (XAGUSD) made modest gains of 0.95% today.

G10 Forex

AUD & NOK are Top Gainers

In the G10 FX Market, the Australian Dollar (AUD: Up 0.44%) and Norwegian Krone (NOK: Up 0.39%) 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.

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Mixed

Asian equities markets were trading mixed today. The Nikkei (JPN225) was trading at 38063.0, down 0.65%. The Hang Seng (HKG33) was trading at 18912.0, up 2.7%.

European Indices Flat

• The UK’s FTSE 100 (UK100) traded flat at 8269.3.
• France’s CAC 40 (FRA40) traded flat at 7527.3.
• Germany’s DAX 30 (GER30) traded flat at 18873.5.

US Equities Futures Edged Up

Looking at Equity Futures, the SP500 Futures was trading at 5727.3501, up 0.08%.

Popular US Indices Mixed

• Standard & Poor’s 500 (SPX500) narrowly edged up to 5727.85.
• Nasdaq (NAS100) soared 0.19% to 19886.45.
• Dow Jones Industrial Average (USA30) traded flat at 42161.

Energy Markets Up

Crude Oil Futures Strengthened

In the energy space, the oil futures trade is more potent today. The WTI Crude Futures were trading at 71.105, up 0.93%, and the Brent Crude Futures were trading at 74.09, up 0.68%.

Spot Prices Gained

• Brent Crude (UKOIL) surged 0.65% to $74.065 a barrel.
• WTI Crude (OIL) soared 0.69% to $71.08 a barrel.
• Natural Gas (NATGAS) surged 1.33% to $2.9285/MMBtu.

Precious Metals Gained Glimmer

• Gold (XAUUSD) soared 0.14% to 2632.37.
• Silver (XAGUSD) gained 0.95% to 30.99.

To Summarize

Today’s forex trading newsletter covers the status of various financial instruments across forex, stock indices, and commodities at the morning bell. Stay tuned as the recent RBA interest rate decision may change the market dynamics.

_{We compared Live Rates at about 05:49 AM GMT with the Last Close Values to calculate the Percentage Differences. Image Courtesy: Radars Man on Unsplash}