Forex Newsletter: Mixed Start with Kiwi & Aussie Gains

London: 10 October 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate mixed signals. Kiwi (ZND) & Aussie (AUD) emerged as the top gainers, while Yen (JPY) & Euro (EUR) dipped. Global indices were mixed, yet there are positive signals from the commodities markets today. Let’s take you through the sector-wise details to dig deeper:

Key Takeaways

• Forex: NZD (Up 0.4%) & AUD (Up 0.27%) surged while JPY (Down 0.08%) & EUR (Down 0.01%) declined vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) dipped 0.53%, and Hang Seng (HKG33) surged 1.98%.
• European Indices Unchanged: FTSE (UK100), CAC (FRA40), and DAX (GER30) traded flat at writing time.
• US Markets Narrowly Edged Up: S&P 500 (SPX500), Nasdaq (NAS100), and Dow Jones (USA30) made slight gains.
• Energy Markets Gained: Brent Crude (UKOIL) soared 0.36%, WTI Crude (OIL) edged up 0.65%, and Natural Gas (NATGAS) surged 0.98%.
• Precious Metals Surged: Gold (XAUUSD) increased by 0.28%, and Silver (XAGUSD) also soared by 0.21%.

G10 Forex

NZD & AUD are Top Gainers

In the G10 FX Market, the New Zealand Dollar (NZD: Surged 0.4%) and Australian Dollar (AUD: Soared 0.27%) are the top gainers today versus the US Dollar (USD).

JPY & EUR are Top Laggers

On the other hand, the Japanese Yen (JPY: Dipped 0.08%) and the Euro (EUR: Slipped 0.01%) are the top losers versus the US Dollar (USD).

Forex Daily Pivot Points

Global Indices

Asian Markets Mixed

In the Asian equities, markets were trading mixed today. The Nikkei (JPN225) was trading at 39424.5, down 0.53%. The Hang Seng (HKG33) was trading at 21430.5, up 1.98%.

European Indices Flat

• The UK’s FTSE 100 (UK100) traded flat at 8276.
• France’s CAC 40 (FRA40) traded flat at 7563.6.
• Germany’s DAX 30 (GER30) traded flat at 19271.8.

US Equities Futures Edged Up

Looking at Equity Futures so far, the SP500 Futures was trading at 5799.5498, up 0.03%.

Popular US Indices Slightly Edged Up

• Standard & Poor’s 500 (SPX500) slightly edged to 5798.25.
• Nasdaq (NAS100) narrowly increased to 20292.5.
• Dow Jones Industrial Average (USA30) also slightly increased to 42572.

Energy Markets Soared

Crude Oil Futures Strengthened

In the Energy space, Oil futures were trading stronger today. The Brent Crude Futures was trading at 76.935, up 0.33%. The WTI Crude Futures was trading at 73.31, up 0.63%.

Spot Prices Heated Up

• Brent Crude (UKOIL) soared 0.36% to $76.96001 a barrel.
• WTI Crude (OIL) surged 0.65% to $73.33 a barrel.
• Natural Gas (NATGAS) surged 0.98% to $2.9395/MMBtu.

Precious Metals Gained Shine

• Gold (XAUUSD) soared 0.28% to 2615.205.
• Silver (XAGUSD) surged 0.21% to 30.5715.

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 US inflation rate scheduled to be released later today may influence the market dynamics.

_{We compared the Live Rates at about 05:41 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Tech Daily on Unsplash}