Forex Newsletter: Mixed Morning with JPY & NZD Surging

London: 9 August 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate mixed signals this morning. JPY & NZD lead the pack in Forex, Global indices are mixed, Energy markets edged up, while Precious Metals lost glimmer. Let’s take you through the sector-wise updates:

Key Takeaways

• Forex: Top Gainers: JPY (Soared 0.24%) & NZD (Up 0.22%); Top Laggers: AUD & SEK slipped 0.02% vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) plummeted 2.79%, and Hang Seng (HKG33) slightly edged up by 0.02% today.
• European Indices Unchanged: FTSE (UK100), CAC (FRA40), and DAX (GER30) traded flat at writing time.
• US Markets Dipped: S&P 500 (SPX500) slipped 0.13%, Nasdaq (NAS100) declined 0.23%, and Dow Jones (USA30) also slightly dipped.
• Energy Markets Heated Up: Brent Crude (UKOIL) soared 0.15%, WTI Crude (OIL) edged up 0.24%, and Natural Gas (NATGAS) surged 0.38% today.
• Precious Metals Declined: Gold (XAUUSD) dipped 0.3%, and Silver (XAGUSD) dropped 0.31% today.

G10 Forex

JPY & NZD are Top Gainers

In the G10 FX Market, the Japanese Yen (JPY: Soared 0.24%) and the New Zealand Dollar (NZD: Surged 0.22%) are the top gainers today versus the dollar (USD).

AUD & SEK are Top Laggers

The Australian Dollar (AUD: Dipped 0.02%) and Swedish Krona (SEK: Slipped 0.02%) 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 34755.0, down 2.79%. The Hang Seng (HKG33) was trading at 17125.0, up 0.02%.

European Indices Flat

• The UK’s FTSE 100 (UK100) traded flat at 8159.5.
• France’s CAC 40 (FRA40) traded flat at 7266.8.
• Germany’s DAX 30 (GER30) traded flat at 17720.

US Equities Futures Dipped

Looking at Equity Futures so far, The SP500 Futures was trading at 5314.6499, down 0.35%.

Popular US Indices Down

• Standard & Poor’s 500 (SPX500) dipped 0.13% to 5321.95.
• Nasdaq (NAS100) slipped 0.23% to 18425.7.
• Dow Jones Industrial Average (USA30) slightly dipped to 39496.

Energy Markets Up

Crude Oil Futures Strengthened

In the Energy space, Oil futures were trading stronger today. The WTI Crude Futures were trading at 75.28, up 0.15%, and the Brent Crude Futures were trading at 78.85, up 0.13%.

Spot Prices Soared

• Brent Crude (UKOIL) soared 0.15% to $78.86 a barrel.
• WTI Crude (OIL) surged 0.24% to $75.29 a barrel.
• Natural Gas (NATGAS) also edged up 0.38% to $2.2455/MMBtu.

Precious Metals Lost Shine

• Gold (XAUUSD) dipped 0.3% to 2420.0564.
• Silver (XAGUSD) also slipped 0.31% to 27.45.

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 for more updates to navigate through the complex world of financial markets as the trading day unfolds.

_{Live Rates at about 05:39 AM GMT are compared to the Last Close Values to calculate the Percentage Differences. Image Courtesy: tonodiaz on Freepik}