Forex Newsletter: Mixed Start with NZD & AUD Soaring

London: 30 July 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate a mixed start this morning, with Kiwi & Aussie surging in Forex, Global Indices and commodities mixed. Let’s take you through the sector-wise updates:

Key Takeaways

• Forex: Top Gainers: NZD (Up 0.25%) & AUD (Up 0.07%); Top Laggers: JPY (Down 0.36%) & CHF (Down 0.1%) versus USD.
• Asia-Pacific Mixed: Nikkei (JPN225) surged 0.29%, Hang Seng (HKG33) dipped 1.05% today.
• European Indices Flat: FTSE (UK100), CAC (FRA40), and DAX (GER30) were almost unchanged.
• US Markets Mixed: S&P 500 (SPX500) slightly declined, Nasdaq (NAS100) dipped 0.17%, and Dow Jones (USA30) traded almost flat.
• Energy Markets Mixed: Brent Crude (UKOIL) dipped 0.49%, WTI Crude (OIL) declined 0.58%, yet Natural Gas (NATGAS) soared 0.29% today.
• Precious Metals Surged: Gold (XAUUSD) edged up 0.24%, and Silver (XAGUSD) soared 0.35% today.

G10 Forex

NZD & AUD are Top Gainers

In the G10 FX Market, the New Zealand Dollar (NZD: Surged 0.25%) and Australian Dollar (AUD: Soared 0.07%) are the top gainers today versus the dollar (USD).

JPY & CHF are Top Laggers

The Japanese Yen (JPY: Dipped 0.36%) and Swiss francs (CHF: Dipped 0.1%) are the top losers versus the 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 38435.5, up 0.29%. The Hang Seng (HKG33) was trading at 17012.0, down 1.05%.

European Indices Flat

• The UK’s FTSE 100 (UK100) traded flat at 8289.6.
• France’s CAC 40 (FRA40) traded flat at 7468.5.
• Germany’s DAX 30 (GER30) traded flat at 18365.

US Equities Futures Edged Up

Looking at Equity Futures so far, The SP500 Futures was trading at 5468.3501, up 0.21%.

Popular US Indices Mixed

• Standard & Poor’s 500 (SPX500) narrowly dipped to 5467.75.
• Nasdaq (NAS100) slipped 0.17% to 19058.85.
• Dow Jones Industrial Average (USA30) traded almost flat at 40588.

Energy Markets

Crude Oil Futures Declined

In the Energy space, Oil futures were trading weak today. The WTI Crude Futures was trading at 75.005, down 0.27%. The Brent Crude Futures was trading at 78.645, down 0.58%.

Spot Prices Mixed

• Brent Crude (UKOIL) dipped 0.49% to $78.715 a barrel.
• WTI Crude (OIL) slipped 0.58% to $75.09 a barrel.
• Natural Gas (NATGAS) soared 0.29% to $2.0965/MMBtu.

Precious Metals Gained

• Gold (XAUUSD) surged 0.24% to 2389.205.
• Silver (XAGUSD) soared 0.35% to 27.961.

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 to get the latest updates as the markets await significant interest rate decisions in the next two days.

_{Live Rates at about 05:37 AM GMT are compared to Last Close Values to calculate the percentage differences. Image Courtesy: janoon028 on Freepik}