Forex Newsletter: Mixed Start - AUD & NZD Soaring

London: 11 November 2024 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets indicated a mixed start this morning. Aussie & Kiwi soared while Yen & Swiss Francs dipped. Asian & US indices surged, while European indices were mixed. Energy markets were mixed, and Precious Metals lost shine.

Let’s go through the sector-wise updates for more details:

Key Takeaways

• Forex: AUD (Up 0.23%) & NZD (Up 0.06%) soared while JPY (Down 0.65%) & CHF (Down 0.22%) dipped vs USD.
• Asia-Pacific Gained: Nikkei (JPN225) surged 0.44%, & Hang Seng (HKG33) soared 0.22%.
• European Indices Mixed: FTSE (UK100) edged 0.09%, CAC (FRA40) slipped 0.07%, & DAX (GER30) gained 0.05%.
• US Markets Positive: S&P 500 (SPX500) gained 0.29%, Nasdaq (NAS100) surged 0.31%, & Dow Jones (USA30) edged 0.11%.
• Energy Markets Mixed: Brent Crude (UKOIL) dropped 0.65%, WTI Crude (OIL) slipped 0.66%, and Natural Gas (NATGAS) soared 5.12%.
• Precious Metals Dropped: Gold (XAUUSD) dipped 0.5%, & Silver (XAGUSD) slipped 0.13%.

G10 Forex

AUD & NZD are Top Gainers

In the G10 FX Market, the Australian Dollar (AUD: Surged 0.23%) and New Zealand Dollar (NZD: Soared 0.06%) are the top gainers today versus the US Dollar.

JPY & CHF are Top Laggers

On the other hand, the Japanese yen (JPY: Dropped 0.65%) and Swiss franc (CHF: Dipped 0.22%) are the top losers compared to the US dollar (USD).

Forex Daily Pivot Points

Global Indices

Asian Markets Up

In Asian equities, markets were trading stronger today.

• The Nikkei (JPN225) was trading at 39526.3008, up 0.44%.
• The Hang Seng (HKG33) was trading at 20371.4004, up 0.22%.

European Indices Mixed

In European equities, indices were trading mixed today.

• The UK’s FTSE 100 (UK100) soared 0.09% to 8095.8198.
• France’s CAC 40 (FRA40) dipped 0.07% to 7367.3501.
• Germany’s DAX 30 (GER30) edged 0.05% to 19285.6992.

US Equities Futures Slipped

Looking at Equity Futures so far, the SP500 Futures was trading at 6016.1099, down -0.01%.

Popular US Indices Optimistic

• Standard & Poor’s 500 (SPX500) soared 0.29% to 6015.82.
• Nasdaq (NAS100) surged 0.33% to 21204.2.
• Dow Jones Industrial Average (USA30) edged 0.11% to 44098.

Energy Markets

Crude Oil Futures Mixed

In the energy space, oil futures are trading mixed today. The Brent Crude Futures was trading at 73.6685, down 0.33%. The WTI Crude Futures was trading at 70.04, flat 0.0%.

Spot Prices Mixed

• Brent Crude (UKOIL) dropped 0.65% to $73.4335 a barrel.
• WTI Crude (OIL) dipped 0.66% to $69.765 a barrel.
• Natural Gas (NATGAS) surged 5.12% to $2.9775/MMBtu.

Precious Metals Lost Glimmer

• Gold (XAUUSD) dropped 0.5% to 2671.11.
• Silver (XAGUSD) dipped 0.13% to 31.2615.

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.

_{We compared the Live Rates at about 05:50 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Scooter on Unsplash}