Forex Newsletter: Mixed Start with JPY & CHF Surging

London: 5 July 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate a mixed beginning. JPY & CHF gained ground in Forex; Global indices are cautious; Energy market dipped, and Precious Metals gained shine. Here are the sector-wise updates:

Key Takeaways

• Forex: JPY (Soared 0.3%) & CHF (Surged 0.15%) Gained, while NZD & USD Declined.
• Asia-Pacific Dipped: Nikkei (JPN225) was down 0.26% and Hang Seng (HKG33) declined by about 1% today.
• European Indices Flat: FTSE (UK100), CAC (FRA40), and DAX (GER30) almost unchanged.
• US Markets Mixed: S&P 500 (SPX500) soared 0.13%, Nasdaq (NAS100) surged 0.24%, and Dow Jones (USA30) traded flat today.
• Energy Markets Declined: Brent Crude (UKOIL) and WTI Crude (OIL) dipped by about 0.5% each, while Natural Gas (NATGAS) also slipped by 0.27%.
• Precious Metals Shining: Gold (XAUUSD) soared 0.38%, and Silver (XAGUSD) surged 0.76%.

G10 Forex

JPY & CHF are Top Gainers

In the G10 FX Market, Japanese Yen (JPY) and Swiss Francs (CHF) are the top gainers today, up 0.3% and 0.15% versus the dollar (USD), respectively.

NZD & USD are Top Laggers

The New Zealand Dollar (NZD) and US Dollar (USD) are the top losers, as they declined against the other major currencies today.

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Dipped

In Asian equities, markets were trading weak today. The Nikkei (JPN225) was trading at 40856.5, down 0.26%. The Hang Seng (HKG33) was trading at 17838.0, down 1.0%.

European Indices Flat

• The UK’s FTSE 100 (UK100) traded flat at 8260.301.
• France’s CAC 40 (FRA40) traded flat at 7711.3.
• Germany’s DAX 30 (GER30) traded flat at 18466.9.

US Equities Futures Edged Up

Looking at Equity Futures so far, The SP500 Futures was trading at 5542.5498, up 0.09%.

Popular US Indices Optimistic

• Standard & Poor’s 500 (SPX500) soared 0.13% to 5544.85.
• Nasdaq (NAS100) surged 0.24% to 20222.352.
• Dow Jones Industrial Average (USA30) traded flat at 39407.

Energy Markets

Crude Oil Futures Dipped

In the Energy space, Oil futures were trading weaker today. The WTI Crude Futures was trading at 83.125, down 0.29%. The Brent Crude Futures was trading at 86.845, down 0.51%.

Spot Prices

• Brent Crude (UKOIL) declined 0.54% to $86.82 a barrel.
• WTI Crude (OIL) dipped about 0.5% to $83.155 a barrel.
• Natural Gas (NATGAS) dipped 0.27% to $2.3705/MMBtu.

Precious Metals

• Gold (XAUUSD) soared 0.38% to 2366.1.
• Silver (XAGUSD) surged 0.76% to 30.651.

To Summarize

Today’s forex trading newsletter covers the status of various financial instruments across forex, stock indices, and commodities at the morning bell. Please stay tuned for the latest updates as the trading day progresses.

_{Live Rates at about 06:11 AM GMT are compared to Last Close Values to calculate percentage differences. Image Courtesy: vectorcorp on Freepik}