Forex Newsletter: Mixed Start with Kiwi & Dollar Surging

London: 13 November 2024 (TraderMade): Welcome to today's FX Newsletter!

Global financial markets indicated a mixed start this morning, with Kiwi & Greenback leading the pack in Forex, while Norwegian Krone & Yen dipped. Asian & European indices were mixed, yet US indices traded weakly. Crude Oil heated up, yet Natural Gas dropped. Gold & Silver gained shine.

Let's take you through the sector-wise updates for more details:

Key Takeaways

• Forex: NZD & USD gained while NOK & JPY (Both Down 0.14%) slipped vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) dropped 1.64%, yet Hang Seng (HKG33) soared 0.15%.
• European Indices Mixed: FTSE (UK100) picked up slightly by 0.07%, CAC (FRA40) dipped 0.29%, & DAX (GER30) slightly dipped by 0.08%.
• US Markets Down: S&P 500 (SPX500) dipped 0.19%, Nasdaq (NAS100) slipped 0.27%, & Dow Jones (USA30) was down 0.22%.
• Energy Markets Mixed: Brent Crude (UKOIL) soared 0.44%, WTI Crude (OIL) edged 0.34%, yet Natural Gas (NATGAS) dipped 0.7%.
• Precious Metals Edged: Gold (XAUUSD) gained 0.27%, & Silver (XAGUSD) surged 0.45%.

G10 Forex

NZD & USD are Top Gainers

In the G10 FX Market, the New Zealand Dollar (NZD) and the US Dollar (USD) are today's top gainers as they surged against the other major currencies.

NOK & JPY are Top Laggers

On the other hand, Norwegian Krone (NOK: Slipped 0.14%) and Japanese Yen (JPY: Dipped 0.14%) are the top losers versus the US Dollar (USD)

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Mixed

In Asian equities, markets were trading mixed today.

• The Nikkei (JPN225) was trading at 38678.8984, down 1.64%.
• The Hang Seng (HKG33) was trading at 19634.3008, up 0.15%.

European Indices Mixed

In European equities, indices were trading mixed today.

• The UK's FTSE 100 (UK100) edged 0.07% to 8047.3398.
• France's CAC 40 (FRA40) dipped 0.29% to 7213.5298.
• Germany's DAX 30 (GER30) also slipped 0.08% to 19045.0.

US Equities Futures Dipped

Looking at Equity Futures, the SP500 Futures was trading at 5980.6499, down 0.12%.

Popular US Indices Declined

• Standard & Poor's 500 (SPX500) slipped 0.19% to 5979.77.
• Nasdaq (NAS100) dipped 0.27% to 21038.1.
• Dow Jones Industrial Average (USA30) dropped 0.22% to 43908.1.

Energy Markets

Crude Oil Futures Strengthened

In the energy space, the oil futures trade is stronger today. The Brent Crude Futures was trading at 71.94, up 0.46%. The WTI Crude Futures was trading at 68.105, up 0.3%.

Spot Prices Mixed

• Brent Crude (UKOIL) surged 0.44% to $71.927 a barrel.
• WTI Crude (OIL) soared 0.34% to $68.08 a barrel.
• Natural Gas (NATGAS) dropped about 0.7% to $3.0675/MMBtu.

Precious Metals Gained Glimmer

• Gold (XAUUSD) soared 0.27% to 2605.34.
• Silver (XAGUSD) surged 0.45% to 30.8735.

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 US inflation rate and CPI data may influence market dynamics later today.

_{We compared the Live Rates at about 05:43 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Tech Daily on Unsplash}