Forex Newsletter: Mixed Start with NZD & NOK Surging

London: 11 October 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate a mixed start. Let’s take you through the sector-wise updates to dig deeper:

Key Takeaways

• Forex: NZD (Up 0.14%) & NOK (Up 0.09%) soared while CHD (Down 0.11%) & CAD (Down 0.09%) dipped vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) soared 0.37%, and Hang Seng (HKG33) was almost unchanged.
• European Indices Unchanged: FTSE (UK100), CAC (FRA40), and DAX (GER30) traded flat at writing time.
• US Markets Flat: S&P 500 (SPX500), Nasdaq (NAS100), and Dow Jones (USA30) were almost unchanged.
• Energy Markets Mixed: Brent Crude (UKOIL) & WTI Crude (OIL) narrowly dipped, yet Natural Gas (NATGAS) surged 0.71%.
• Precious Metals Gained: Gold (XAUUSD) surged 0.56%, and Silver (XAGUSD) soared 0.19%.

G10 Forex

NZD & NOK are Top Gainers

In the G10 FX Market, the New Zealand Dollar (NZD: Surged 0.14%) and Norwegian Krone (NOK: Soared 0.09%) are the top gainers today versus the US Dollar (USD).

CHF & CAD are Top Laggers

On the other hand, the Swiss Francs (CHF: Dropped 0.11%) and the Canadian Dollar (CAD: Dipped 0.09%) are the top losers versus the US Dollar (USD).

Forex Daily Pivot Points

Global Indices

Asian Markets Mixed

In Asian equities, markets were trading mixed today. The Nikkei (JPN225) was trading at 39606.5, up 0.37%. The Hang Seng was trading flat at

European Indices Flat

• The UK’s FTSE 100 (UK100) traded flat at 8259.3.
• France’s CAC 40 (FRA40) traded flat at 7563.4.
• Germany’s DAX 30 (GER30) traded flat at 19232.9.

US Equities Futures Slipped

Looking at Equity Futures so far, the SP500 Futures was trading at 5787.2998, down 0.13%.

Popular US Indices Unchanged

• Standard & Poor’s 500 (SPX500) traded flat at 5788.05.
• Nasdaq (NAS100) traded flat at 20255.8.
• Dow Jones Industrial Average (USA30) traded flat at 42492.

Energy Markets

Crude Oil Futures Dipped

In the Energy space, Oil futures were trading weak today. The Brent Crude Futures was trading at 78.805, down 0.04%. The WTI Crude Futures was trading at 75.01, down 0.06%.

Spot Prices Mixed

• Brent Crude (UKOIL) dropped about 0.09% to $78.77 a barrel.
• WTI Crude (OIL) slightly dipped to $74.97501 a barrel.
• Natural Gas (NATGAS) surged 0.71% to $2.9875/MMBtu.

Precious Metals

• Gold (XAUUSD) surged 0.56% to 2644.65.
• Silver (XAGUSD) soared 0.19% to 31.222.

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 as the UK GDP & US PPI releases later today may impact the market dynamics.

_{We compared the Live Rates at about 05:51 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Piggy Bank on Unsplash}