Forex Newsletter: Mixed Start with EUR & SEK Surging

London: 1 July 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets bring up a mixed mosaic to start this week. Let’s take you through the sector-wise updates:

Key Takeaways

• Forex: EUR (Up 0.38%) & SEK (Up 0.29%) soared, while CHF (Down 0.09%) & JPY (Down 0.08%) declined against the USD.
• Asia-Pacific Dipped: The Nikkei (JPN225) declined 0.68%, and the Hang Seng (HKG33) traded flat as it is closed for Hong Kong Establishment Day today.
• European Indices unchanged: FTSE (UK100), CAC (FRA40), and DAX (GER30) traded flat at writing time.
• US Markets Soared: S&P 500 (SPX500) surged 0.13%, Nasdaq (NAS100) soared 0.22%, and Dow Jones (USA30) slightly edged up 0.08%.
• Energy Markets: Brent Crude (UKOIL) surged 0.62%, WTI Crude (OIL) soared 0.57%, yet Natural Gas (NATGAS) dipped 1.57% today.
• Precious Metals Dipped: Gold (XAUUSD) slid 0.23%, and Silver (XAGUSD) declined 0.46% today.

G10 Forex

EUR & SEK are Top Gainers

In the G10 FX Market, the Euro (EUR: Surged 0.38%) and Swedish Krona (SEK: Soared 0.29%) are the top gainers today versus the dollar (USD).

CHF & JPY are Top Laggers

Swiss Francs (CHF: Dipped 0.09%) and Japanese Yen (JPY: Slipped 0.08%) are the top losers versus the dollar (USD).

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Weaker

In Asian equities, markets are trading weakly today. The Nikkei 225 was trading at 39569.5, down 0.68%. The Hang Seng traded flat at 17661 (Closed Today for a Holiday on Hong Kong Establishment Day).

European Indices Flat

The UK’s FTSE 100 (UK100) trades flat at 8181.5. France’s CAC 40 (FRA40) trades flat at 7502.4. Germany’s DAX 30 (GER30) trades flat at 18255.

US Equities Futures Optimistic

Looking at Equity Futures, The SP500 Futures was trading at 5479.7998, up 0.12%.

Popular US Indices Soared

• Standard & Poor’s 500 (SPX500) soared 0.13% to 5481.65.
• Nasdaq (NAS100) surged 0.22% to 19770.5.
• Dow Jones Industrial Average (USA30) edged up 0.08% to 39209.5.

Energy Markets

Crude Oil Futures Strengthened

In the energy space, the oil futures trade is more vital today. The Brent Crude Futures were trading at 85.29, up 0.57%, and the WTI Crude Futures were trading at 81.52, up 0.27%.

Spot Prices

• Brent Crude (UKOIL) surged 0.62% to $85.335 a barrel.
• WTI Crude (OIL) soared 0.57% to $81.56 a barrel.
• Natural Gas (NATGAS) dipped 1.15% to $2.5725/MMBtu.

Precious Metals Dipped

• Gold (XAUUSD) dipped 0.27% to 2320.289.
• Silver (XAGUSD) declined 0.46% to 29.0105.

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 more updates as the trading day unfolds.

_{Live Rates at about 05:48 AM are compared to Friday Close values to calculate percentage differences. Image Courtesy: Freepik}