Forex Newsletter: Mixed Mosaic with JPY & NZD Surging

Forex Newsletter: Mixed Mosaic with JPY & NZD Surging

Published on: Aug 19, 2024|3 min read
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London: 19 August 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate mixed signals this morning, with Yen and Kiwi leading the pack in Forex, Asian indices mixed, European and US markets almost flat, and Crude Oil and Gold down among commodities. Let’s take you through the sector-wise updates:

Key Takeaways

  • Forex: Top Gainers: JPY (Up 1.13%) & NZD (Up 0.47%) vs USD; Top Laggers: GBP & USD.
  • Asia-Pacific Mixed: Nikkei (JPN225) dipped 0.76%, Hang Seng (HKG33) soared 0.29% today.
  • European Indices Unchanged: FTSE (UK100), CAC (FRA40), and DAX (GER30) traded flat at writing time.
  • US Markets Flat: S&P 500 (SPX500), Nasdaq (NAS100), and Dow Jones (USA30) were awaiting direction.
  • Energy Markets Mixed: Brent Crude (UKOIL) dipped 0.41%, WTI Crude (OIL) slipped 0.46%, yet Natural Gas (NATGAS) surged 0.16% today.
  • Precious Metals Mixed: Gold (XAUUSD) declined 0.23%, and Silver (XAGUSD) soared 0.1% today.

G10 Forex

JPY & NZD are Top Gainers

In the G10 FX Market, the Japanese Yen (JPY: Surged 1.13%) and New Zealand Dollar (NZD: Soared 0.47%) are the top gainers today versus the dollar (USD).

USDJPY Chart

GBP & USD are Top Laggers

GBP and USD are the top losers as they declined against the other major currencies today.

GBPUSD Chart

Forex Daily Pivot Points

FX Daily Pivots

Global Indices Down

Asian Markets Mixed

In Asian equities, markets were trading mixed today. The Nikkei 225 was trading at 37549.5, down 0.76%. The Hang Seng was trading at 17598.0, up 0.29%.

European Indices Flat

  • The UK’s FTSE 100 (UK100) traded flat at 8299.4.
  • France’s CAC 40 (FRA40) traded flat at 7455.8.
  • Germany’s DAX 30 (GER30) traded flat at 18329.

US Equities Futures Slipped

Looking at Equity Futures so far, The SP500 Futures was trading at 5561.1499, down 0.1%.

  • Standard & Poor’s 500 (SPX500) traded flat at 5558.55.
  • Nasdaq (NAS100) traded flat at 19517.45.
  • Dow Jones Industrial Average (USA30) traded flat at 40694.

Energy Markets

Crude Oil Futures Dipped

In the Energy space, Oil futures were trading weak today. The WTI Crude Futures was trading at 75.15, down 0.02%. The Brent Crude Futures was trading at 78.845, down 0.37%.

Spot Prices Mixed

  • Brent Crude (UKOIL) dipped 0.41% to $78.815 a barrel.
  • WTI Crude (OIL) declined 0.46% to $75.14 a barrel.
  • Natural Gas (NATGAS) soared 0.16% to $2.2335/MMBtu.

Precious Metals Mixed

  • Gold (XAUUSD) slipped 0.23% to 2501.5356.
  • Silver (XAGUSD) edged up 0.1% to 29.0125.

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 downbeat start today. Stay tuned for more updates as the trading day progresses.

Live Rates at about 05:43 AM GMT are compared to the Friday Close Values to calculate the Percentage Differences. Image Courtesy: pvproductions on Freepik