Forex Newsletter: Mixed Start with USD & GBP Gaining

London: 14 October 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate a mixed start this morning. The US Dollar & British Pound emerged as the top gainers in Forex. However, there are mixed signals from global indices and commodities markets. Let’s go through the sector-wise updates to explore more:

Key Takeaways

• Forex: USD & GBP surged while NOK (Down 0.22%) & NZD (Down 0.21%) dipped vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) soared 0.11%, and Hang Seng (HKG33) traded flat.
• European Indices Unchanged: FTSE (UK100), CAC (FRA40), and DAX (GER30) traded flat at writing time.
• US Markets Optimistic: S&P 500 (SPX500) & Dow Jones (USA30) edged up about 0.1%, and Nasdaq (NAS100) soared 0.13%.
• Energy Markets Dropped: Brent Crude (UKOIL) dipped 0.67%, WTI Crude (OIL) slipped 96%, and Natural Gas (NATGAS) dropped 0.82%.
• Precious Metals Mixed: Gold (XAUUSD) narrowly edged up, yet Silver (XAGUSD) dropped 0.42%.

G10 Forex

USD & GBP are Top Gainers

In the G10 FX Market, the US Dollar (USD) and the British Pound (GBP) are the top gainers today as they surged against the other major currencies.

NOK & NZD are Top Laggers

On the other hand, the Norwegian Krone (NOK: Dipped 0.22%) and the New Zealand Dollar (NZD: Slipped 0.21%) are the top losers versus the US Dollar (USD).

Forex Daily Pivot Points

Global Indices

Asian Markets Mixed

In the Asian equities, markets were trading mixed today. The Nikkei (JPN225) was trading at 39772.5, up 0.11%. The Hang Seng (HKG33) was trading at 21308.5, flat nan%.

European Indices Flat

• The UK’s FTSE 100 (UK100) traded flat at 8258.3.
• France’s CAC 40 (FRA40) traded flat at 7570.6.
• Germany’s DAX 30 (GER30) traded flat at 19366.3.

US Equities Futures Edged Up

Looking at Equity Futures so far, the SP500 Futures was trading at 5820.1499, up 0.05%.

Popular US Indices Slightly Edged

• Standard & Poor’s 500 (SPX500) edged 0.09% to 5819.15.
• Nasdaq (NAS100) soared 0.13% to 20275.2.
• Dow Jones Industrial Average edged 0.08% to (USA30) 42908.

Energy Markets

Crude Oil Futures Mixed

In the Energy space, Oil futures were trading mixed today. The Brent Crude Futures was trading at 77.91, down 0.75%. The WTI Crude Futures was trading at 74.105, up 0.62%.

Spot Prices Declined

• Brent Crude (UKOIL) dropped 0.67% to $77.975 a barrel.
• WTI Crude (OIL) dipped 0.96% to $74.17 a barrel.
• Natural Gas (NATGAS) slipped 0.82% to $2.9005/MMBtu.

Precious Metals Mixed

• Gold (XAUUSD) narrowly increased to 2658.9.
• Silver (XAGUSD) dipped 0.42% to 31.419.

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 financial news and updates as the trading day unfolds.

_{We compared the Live Rates at about 05:40 AM GMT to the Last Friday Close Values to calculate the Percentage Differences. Image Courtesy: Adam Nowakowski on Unsplash}