Forex Newsletter: Mixed Start with CHF & USD Gaining

London: 16 July 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets showcase a mixed picture this morning. Let’s take you through the sector-wise updates:

Key Takeaways

• Forex: CHF and USD surged, while JPY (dipped 0.4%) and NZD (dipped 0.39%) lagged against the USD today.
• Asia-Pacific Dipped: Nikkei (JPN225) was down 0.11%, Hang Seng (HKG33) also dipped 0.31% today.
• European Indices Slipped: FTSE (UK100) dipped 0.31%, CAC (FRA40) slipped 0.26%, and DAX (GER30) also declined 0.31% at writing time.
• US Markets Flat: S&P 500 (SPX500), Nasdaq (NAS100), and Dow Jones (USA30) were almost unchanged.
• Energy Markets Down: Brent Crude (UKOIL) dipped 0.67%, WTI Crude (OIL) plummeted 0.78%, and Natural Gas (NATGAS) followed suit to dip 0.21% today.
• Precious Metals Shining: Gold (XAUUSD) soared 0.31%, and Silver (XAGUSD) surged 0.48% today.

G10 Forex

CHF & USD are Top Gainers

In the G10 FX Market, Swiss Francs (CHF) and the US Dollar (USD) are the top gainers today, as they surged against the other major currencies.

JPY & NZD are Top Laggers

The Japanese Yen (JPY: down 0.4%) and New Zealand Dollar (NZD: down 0.39%) are the top losers versus the dollar (USD).

Forex Daily Pivot Points

Global Indices Mostly Down

Asian Markets Slipped

In Asian equities, markets were trading weaker today. The Nikkei (JPN225) was trading at 41328.0, down 0.11%. The Hang Seng (HKG33) was trading at 17782.5, down 0.31%.

European Indices Dipped

• The UK’s FTSE 100 (UK100) dipped 0.31% to 8148.4.
• France’s CAC 40 (FRA40) slipped 0.26% to 7606.1.
• Germany’s DAX 30 (GER30) declined 0.31% to 18522.7.

US Equities Futures Edged Up

Looking at Equity Futures so far, The SP500 Futures was trading at 5651.2998, up 0.04%.

Popular US Indices Unchanged

• Standard & Poor’s 500 (SPX500) traded flat at 5646.55.
• Nasdaq (NAS100) traded flat at 20452.8.
• Dow Jones Industrial Average (USA30) traded flat at 40297.

Energy Markets

Crude Oil Futures

In the Energy space, Oil futures were trading weak today. The WTI Crude Futures was trading at 80.525, down 0.37%. The Brent Crude Futures was trading at 83.905, down 0.52%.

Spot Prices

• Brent Crude (UKOIL) lost 0.67% to $83.77499 a barrel.
• WTI Crude (OIL) declined 0.78% to $80.395 a barrel.
• Natural Gas (NATGAS) slipped 0.21% to $2.177/MMBtu.

Precious Metals Gained Glimmer

• Gold (XAUUSD) soared 0.31% to 2429.8608.
• Silver (XAGUSD) surged 0.48% to 30.8285.

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 with us as we bring more latest updates as the trading day progresses.

_{Live Rates are compared to the Last Close values to calculate the percentage differences. Image Courtesy: Freepik}