Forex Newsletter: Mixed Mosaic with AUD & SEK Soaring

London: 9 July 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets are mixed at the beginning of the day. Let’s take you through the ups and downs among various financial instruments across various sectors:

Key Takeaways

• Forex: AUD (Soared 0.07%) & SEK (Surged 0.05%) gained while CHF (Dipped 0.11%) & JPY (Slipped 0.09%) against the USD today.
• Asia-Pacific Mixed: Nikkei (JPN225) surged 1.87%, Hang Seng (HKG33) dipped 0.09% today.
• European Indices Unchanged: FTSE (UK100), CAC (FRA40), and DAX (GER30) traded flat at writing time.
• US Markets Optimistic: S&P 500 (SPX500) soared 0.18%, Nasdaq (NAS100) soared 0.22%, and Dow Jones (USA30) edged up 0.13%.
• Energy Markets Down: Brent Crude (UKOIL) dipped 0.18%, WTI Crude (OIL) slipped 0.22%, and Natural Gas (NATGAS) declined 0.15% today.
• Precious Metals Gained Glimmer: Gold (XAUUSD) soared 0.26%, Silver (XAGUSD) surged 0.76%.

G10 Forex

AUD & SEK are Top Gainers

In the G10 FX Market, the Australian Dollar (AUD: Soared 0.07%) and Swedish Krona (SEK: Edged up 0.05%) are the top gainers today versus the dollar (USD).

CHF & JPY are Top Laggers

Swiss Francs (CHF: Slipped 0.11%) and Japanese Yen (JPY: Dipped 0.09%) 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 41763.5, up 1.87%. The Hang Seng (HKG33) was trading at 17461.0, down 0.09%.

European Indices Flat

• The UK’s FTSE 100 (UK100) traded flat at 8207.15.
• France’s CAC 40 (FRA40) traded flat at 7631.2.
• Germany’s DAX 30 (GER30) traded flat at 18473.5.

US Equities Futures Slightly Edged Up

Looking at Equity Futures so far, The SP500 Futures was trading at 5591.4502, up 0.01%.

Popular US Indices Surged

• Standard & Poor’s 500 (SPX500) soared 0.18% to 5590.
• Nasdaq (NAS100) edged up 0.22% to 20530.4.
• Dow Jones Industrial Average (USA30) soared 0.13% to 39448.

Energy Markets Down

Crude Oil Futures Declined

In the Energy space, Oil futures were trading weak today. The WTI Crude Futures was trading at 81.535, down -0.17%. The Brent Crude Futures was trading at 85.22, down 0.18%.

Spot Prices Dipped

• Brent Crude (UKOIL) dipped 0.18% to $85.22 a barrel.
• WTI Crude (OIL) slipped 0.22% to $81.535 a barrel.
• Natural Gas (NATGAS) declined 0.15% to $2.3775/MMBtu.

Precious Metals

• Gold (XAUUSD) surged 0.26% to 2365.4321.
• Silver (XAGUSD) soared 0.75% to 30.991.

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 the latest updates as the trading day unfolds.

_{Live rates taken at about 05:35 AM GMT are compared to the Last Close to calculate percentage differences. Image Courtesy: Unsplash.}