Forex Newsletter: Mixed Start with NZD & CHF Gaining

London: 20 August 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate mixed signals this morning. Kiwi & Swiss francs lead the pack in Forex, global indices are mixed, and energy and metals markets are declining. Let’s take you through the sector-wise updates:

Key Takeaways

• Forex: Top Gainers: NZD (Soared 0.11%) & CHF (Edged Up 0.07%); Top Laggers: JPY (Dipped 0.43%) & AUD (Slipped 0.19%).
• Asia-Pacific Mixed: Nikkei (JPN225) soared 0.92%, and Hang Seng (HKG33) dipped 1.14%.
• European Indices Flat: FTSE (UK100), CAC (FRA40), and DAX (GER30) were almost unchanged at writing time.
• US Markets Up: S&P 500 (SPX500) soared 0.13%, Nasdaq (NAS100) surged 0.17%, and Dow Jones (USA30) edged up 0.12% today.
• Energy Markets Declined: Brent Crude (UKOIL) dipped 0.89%, WTI Crude (OIL) was down 0.99%, and Natural Gas (NATGAS) slipped 0.53% today.
• Precious Metals Down: Gold (XAUUSD) slightly dipped, and Silver (XAGUSD) also dipped 0.24% today.

G10 Forex

NZD & CHF are Top Gainers

In the G10 FX Market, the New Zealand Dollar (NZD: Up 0.11%) and Swiss franc (CHF: Up 0.07%) are the top gainers today versus the dollar (USD).

JPY & AUD are Top Laggers

Japanese Yen (JPY: Down 0.43%) and Australian Dollar (AUD: Down 0.19%) 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 38216.0, up 0.92%. The Hang Seng (HKG33) was trading at 17504.0, down 1.14%.

European Indices Flat

• The UK’s FTSE 100 (UK100) traded flat at 8341.8.
• France’s CAC 40 (FRA40) traded flat at 7500.1.
• Germany’s DAX 30 (GER30) traded flat at 18429.6.

US Equities Futures Soared

Looking at Equity Futures so far, The SP500 Futures was trading at 5614.3501, up 0.07%.

Popular US Indices Gained

• Standard & Poor’s 500 (SPX500) soared 0.13% to 5613.15.
• Nasdaq (NAS100) edged up 0.17% to 19808.148.
• Dow Jones Industrial Average (USA30) also soared 0.12% to 40934.

Energy Markets

Crude Oil Futures Dipped

In the Energy space, Oil futures were trading weaker today. The WTI Crude Futures was trading at 73.025, down 0.79%. The Brent Crude Futures was trading at 76.715, down 0.88%.

Spot Prices Down

• Brent Crude (UKOIL) declined 0.89% to $76.705 a barrel.
• WTI Crude (OIL) slipped 0.99% to $73.02 a barrel.
• Natural Gas (NATGAS) dipped 0.53% to $2.3505/MMBtu.

Precious Metals Declined

• Gold (XAUUSD) slightly dipped to 2503.0352.
• Silver (XAGUSD) dipped 0.24% to 29.3755.

To Summarize

Today’s forex trading newsletter covers the status of various financial instruments across forex, stock indices, and commodities at the morning bell. Global markets indicate a mixed start this morning. Stay tuned for the latest financial news and updates as the trading day unfolds.

_{Live Rates at about 05:24 AM GMT are compared to the Last Close Values to calculate the Percentage Differences. Image Courtesy: rawpixel.com on Freepik}