Forex Newsletter: Mixed Start with Kiwi & NOK Gaining

London: 12 August 2024 (TraderMade): Welcome to today's FX Newsletter! The global financial markets indicate a mixed start this morning. Kiwi and Norwegian Krone shine in Forex; Asia-Pacific and US indices soared; Crude Oil and Silver slightly edged up, while Gold narrowly dipped. Let's take you through the sector-wise updates:

Key Takeaways

• Forex: Top Gainers: NZD (Up 0.23%) & NOK (Up 0.15%); Top Laggers: JPY (Down 0.35%) & CHF (Down 0.2%) vs USD.
• Asia-Pacific Surged: Nikkei (JPN225) edged up 0.16%, Hang Seng (HKG33) soared 0.38% today.
• European Indices Unchanged: FTSE (UK100), CAC (FRA40), and DAX (GER30) traded flat at writing time.
• US Markets Up: S&P 500 (SPX500) surged 0.2%, Nasdaq (NAS100) soared 0.27%, and Dow Jones (USA30) also edged up 0.11% today.
• Energy Markets Picked Up: Brent Crude (UKOIL) and WTI Crude (OIL) soared 0.1%, and Natural Gas (NATGAS) surged 3.29% today.
• Precious Metals Mixed: Gold (XAUUSD) narrowly dipped, and Silver (XAGUSD) slightly edged up today.

G10 Forex

NZD & NOK are Top Gainers

In the G10 FX Market, NZD and NOK are today's top gainers, up 0.23% and 0.15% versus the dollar (USD), respectively.

JPY & CHF are Top Laggers

The Japanese Yen (JPY: Dipped 0.35%) and Swiss francs (CHF: Slipped 0.2%) are the top losers, down 0.35% and 0.2% versus the dollar (USD).

Forex Daily Pivot Points

Global Indices Positive

Asian Markets Soared

In Asian equities, markets were trading stronger today. The Nikkei (JPN225) was trading at 35474.5, up 0.16%. The Hang Seng (HKG33) was trading at 17110.0, up 0.38%.

European Indices Flat

• The UK's FTSE 100 (UK100) traded flat at 8187.2.
• France's CAC 40 (FRA40) traded flat at 7283.9.
• Germany's DAX 30 (GER30) traded flat at 17755.7.

US Equities Futures Slightly Edged Up

Looking at Equity Futures so far, The SP500 Futures was trading at 5350.3501, up 0.04%.

Popular US Indices Optimistic

• Standard & Poor's 500 (SPX500) soared 0.2% to 5349.85.
• Nasdaq (NAS100) surged 0.27% to 18555.55.
• Dow Jones Industrial Average (USA30) edged up 0.11% to 39529.

Energy Markets

Crude Oil Futures Soared

In the Energy space, Oil futures were trading stronger today. The WTI Crude Futures was trading at 76.105, up 0.55%, and the Brent Crude Futures was trading at 79.54, up 0.16%.

Spot Prices Edged Up

• Brent Crude (UKOIL) edged up 0.1% to $79.485 a barrel.
• WTI Crude (OIL) picked up 0.1% to $76.055 a barrel.
• Natural Gas (NATGAS) surged 3.29% to $2.3225/MMBtu.

Precious Metals Mixed

• Gold (XAUUSD) slightly dipped to 2430.9648.
• Silver (XAGUSD) slightly edged up to 27.536.

To Summarize

Today's Forex trading newsletter covers the status of various financial instruments across Forex, stock indices, and commodities at the morning bell. We bring more financial updates as the trading day progresses. Stay tuned for more insights.

_{Live Rates at about 05:45 AM GMT are compared to the Friday Close Values to calculate the Percentage Differences. Image Courtesy: rawpixel.com on Freepik}