Forex Newsletter: Mixed Start with Aussie & Euro Gaining

London: 1 October 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate a mixed start this morning. The Aussie & Euro emerged as the top gainers in Forex. However, there are mixed signals across global indices & commodities markets. Let’s delve into the sector-wise details to provide you with a comprehensive understanding of the current market status:

Key Takeaways

• Forex: AUD (Up 0.19%) & EUR (Up 0.03%) soared while JPY (Down 0.51%) & NZD (Down 0.11%) declined vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) surged 0.97%, and Hang Seng (HKG33) was almost unchanged.
• European Indices Edged Up: FTSE (UK100) rose 0.11%, CAC (FRA40) edged up 0.09%, and DAX (GER30) increased 0.08%.
• US Markets Flat: S&P 500 (SPX500), Nasdaq (NAS100), & Dow Jones (USA30) were almost flat.
• Energy Markets: Brent Crude (UKOIL) traded at $71.94, WTI Crude (OIL) traded at $68.435 per barrel, and Natural Gas (NATGAS) traded at $3.0275/MMBtu.
• Precious Metals Soared: Gold (XAUUSD) increased 0.34%, and Silver (XAGUSD) surged 0.7%.

G10 Forex

AUD & EUR are Top Gainers

In the G10 FX Market, the Australian Dollar (AUD: Surged 0.19%) and the Euro (EUR: Soared 0.03%) are the top gainers today versus the dollar (USD).

JPY & NZD are Top Laggers

On the other hand, the Japanese Yen (JPY: Dropped 0.51%) and the New Zealand Dollar (NZD: Dipped 0.11%) are the top losers compared to the dollar (USD).

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Mixed

Asian equities markets were mixed today. The Nikkei (JPN225) was trading at 38668.0, up 0.97%, while the Hang Seng traded flat at 20686.

European Indices Strengthened

• The UK’s FTSE 100 (UK100) soared 0.11% to 8265.5.
• France’s CAC 40 (FRA40) picked up 0.09% to 7658.3701.
• Germany’s DAX 30 (GER30) edged 0.08% to 19402.8984.

US Equities Futures Edged Up

Looking at Equity Futures, the SP500 Futures was trading at 5763.2451, up 0.02%.

Popular US Indices Unchanged

• Standard & Poor’s 500 (SPX500) traded flat at 5762.505.
• Nasdaq (NAS100) traded flat at 20056.05.
• Dow Jones Industrial Average (USA30) traded flat at 42326.

Energy Markets

Spot Prices

• Brent Crude (UKOIL) traded at $71.94 a barrel.
• WTI Crude (OIL) traded at $68.435 a barrel.
• Natural Gas (NATGAS) traded at $3.0275/MMBtu.

Precious Metals Gained Glimmer

• Gold (XAUUSD) increased 0.34% to 2643.24.
• Silver (XAGUSD) surged about 0.7% to 31.376.

To Summarize

Today’s Forex trading newsletter covers the status of various financial instruments across Forex, stock indices, and commodities at the morning bell. Though the markets indicate a mixed start, the Eurozone inflation rate and US JOLTs job openings expected later today are crucial factors that may change the market dynamics. Stay tuned for the latest updates as the trading day progresses to ensure you are well-informed and ready to act on any potential changes.

_{We compared the Live Rates at about 05:46 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: rc.xyz NFT gallery on Unsplash}