Forex Newsletter: Mixed Signals with USD & EUR Soaring

London: 27 September 2024 (TraderMade): Welcome to today's FX Newsletter! The global financial markets indicate a mixed start, with US Dollar & Euro emerging as top gainers. However, there are mixed signals across global indices and commodities markets. Let's take you through the sector-wise updates for more details:

Key Takeaways

• Forex: The USD & EUR have shown significant strength, with the USD soaring and the EUR performing well. In contrast, the JPY (Dropped 1.04%) & NZD (Slipped 0.45%) have declined against the USD today.
• Asia-Pacific Soared: Nikkei (JPN225) soared 1.26%, and Hang Seng (HKG33) rose 0.14%.
• European Indices Unchanged: Despite the mixed signals in the global markets, the European indices, including the FTSE (UK100), CAC (FRA40), & DAX (GER30), are holding steady, awaiting direction as they trade flat at writing time.
• US Markets Mixed: S&P 500 (SPX500) & Dow Jones (USA30) were almost unchanged, yet Nasdaq (NAS100) dipped 0.2%.
• Energy Markets Mixed: Brent Crude (UKOIL) & WTI Crude (OIL) soared about 0.1%, yet Natural Gas (NATGAS) was almost unchanged.
• Precious Metals Declined: Gold (XAUUSD) dipped 0.35%, and Silver (XAGUSD) dropped 1.1%.

G10 Forex

USD & EUR are Top Gainers

In the G10 FX Market, the US Dollar (USD) and Euro (EUR) are today's top gainers as they surged against the other major currencies.

JPY & NZD are Top Laggers

The Japanese Yen (JPY: Dropped 1.04%) and New Zealand Dollar (NZD: Dipped 0.45%) are the top losers versus the Dollar (USD).

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Up

In Asian equities, markets are trading robustly today. The Nikkei (JPN225) traded at 39688.0, up 1.26%, and the Hang Seng (HKG33), up 0.14%.

European Indices Flat

• The UK's FTSE 100 (UK100) traded flat at 8286.
• France's CAC 40 (FRA40) traded flat at 7760.1.
• Germany's DAX 30 (GER30) traded flat at 19289.

US Equities Futures Edged Up

Looking at Equity Futures, the SP500 Futures was trading at 5758.5498, up 0.05%.

Popular US Indices Mixed

• Standard & Poor's 500 (SPX500) traded flat at 5752.15.
• Nasdaq (NAS100) dropped 0.2% to 20101.9.
• Dow Jones Industrial Average (USA30) traded flat at 42241.

Energy Markets

Crude Oil Futures Strengthened

In the energy space, oil futures are trading firms today. The WTI Crude Futures was trading at 67.43, up 0.39%. The Brent Crude Futures was trading at 70.96, up 0.16%.

Spot Prices: Crude Oil Up, Natural Gas Flat

• Brent Crude (UKOIL) soared 0.1% to $70.91 a barrel.
• WTI Crude (OIL) surged 0.1% to $67.37 a barrel.
• Natural Gas (NATGAS) traded flat at $2.839/MMBtu.

Precious Metals Lost Shine

• Gold (XAUUSD) dropped 0.35% to 2663.1392.
• Silver (XAGUSD) plummeted 1.1% to 31.661.

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 US Core CPE index expected later today may impact market dynamics.

_{We compared the Live Rates at about 05:43 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Tech Daily on Unsplash}