Forex Newsletter: Mixed Start with Aussie & Kiwi Soaring

London: 5 November 2024 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets indicated a mixed start today, with Aussie & Kiwi leading the pack in Forex, while Yen & Swiss Francs dipped. Asian & European indices were positive, yet US indices remained almost unchanged. There were mixed signals from the energy & metals spaces.

Let’s go through the sector-wise details to learn more:

Key Takeaways

• Forex: AUD (Up 0.16%) & NZD (Up 0.15%) Soared, while JPY (Down 0.26%) & CHF (Down 0.03%) Dipped vs USD.
• Asia-Pacific Optimistic: Nikkei (JPN225) soared 0.73%, & Hang Seng (HKG33) surged 1.58%.
• European Indices Edged: FTSE (UK100) soared 0.07%, CAC (FRA40) surged 0.2%, & DAX (GER30) picked up by 0.15%.
• US Markets Unchanged: S&P 500 (SPX500), Nasdaq (NAS100), & Dow Jones (USA30) traded flat.
• Energy Markets Mixed: Brent Crude (UKOIL) dipped 0.25%, WTI Crude (OIL) dropped 0.27%, & Natural Gas (NATGAS) surged 2.13%.
• Precious Metals Mixed: Gold (XAUUSD) slightly dropped, & Silver (XAGUSD) soared 0.3%.

G10 Forex

AUD & NZD are Top Gainers

In the G10 FX Market, the Australian Dollar (AUD: Surged 0.16%) and New Zealand Dollar (NZD: Soared 0.15%) are the top gainers today versus the US Dollar (USD).

JPY & CHF are Top Laggers

On the other hand, the Japanese yen (JPY: Dropped 0.26%) and Swiss francs (CHF: Dipped 0.03%) are the top losers compared to the US dollar (USD).

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Strengthened

In Asian equities, markets were trading stronger today.

• The Nikkei (JPN225) was trading at 38626.5, up 0.73%.
• The Hang Seng (HKG33) was trading at 20876.8008, up 1.58%.

European Indices Surged

In European equities, indices were trading stronger today.

• The UK’s FTSE 100 (UK100) soared 0.07% to 8186.6499.
• France’s CAC 40 (FRA40) surged 0.2% to 7376.0098.
• Germany’s DAX 30 (GER30) edged 0.15% to 19163.0.

US Equities Futures Up

Looking at Equity Futures, the SP500 Futures was trading at 5721.8501, up 0.05%.

Popular US Indices Almost Unchanged

• Standard & Poor’s 500 (SPX500) traded flat at 5722.85.
• Nasdaq (NAS100) traded flat at 20012.4.
• Dow Jones Industrial Average (USA30) traded flat at 41902.1.

Energy Markets

Crude Oil Futures Mixed

In the energy space, oil futures are trading mixed today. The Brent Crude Futures was trading at 75.0595, down 0.18%. The WTI Crude Futures was trading at 71.23, up 0.06%.

Spot Prices Mixed

• Brent Crude (UKOIL) dropped 0.25% to $75.001 a barrel.
• WTI Crude (OIL) declined 0.27% to $71.25 a barrel.
• Natural Gas (NATGAS) rose 2.13% to $2.798/MMBtu (Compared to Friday Close).

Precious Metals Mixed

• Gold (XAUUSD) slightly dipped to 2735.34.
• Silver (XAGUSD) edged 0.3% to 32.4905.

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 recently announced RBA interest rate may influence the markets.

_{We compared the Live Rates at about 05:45 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Dylan Calluy on Unsplash}