Forex Newsletter: Mixed Start with Yen & Aussie Gaining

London: 18 October 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate a mixed start this morning. Yen & Aussie emerged as top gainers, Loonie & Dollar dipped. Global indices are downbeat. Yet there are positive signals across the Energy & Metals markets. Let’s go through the sector-wise updates:

Key Takeaways

• Forex: JPY (Up 0.25%) & AUD (Up 0.12%) soared, while CAD & USD dipped.
• Asia-Pacific Mixed: Nikkei (JPN225) dipped 0.4%, Hang Seng (HKG33) surged 2.59%.
• European Indices Unchanged: FTSE (UK100), CAC (FRA40), & DAX (GER30) traded flat at writing time.
• US Markets Flat: S&P 500 (SPX500), Nasdaq (NAS100), & Dow Jones (USA30) traded flat.
• Energy Markets Gained: Brent Crude (UKOIL) soared 0.24%, WTI Crude (OIL) edged 0.33%, & Natural Gas (NATGAS) surged 1.03%.
• Precious Metals Surged: Gold (XAUUSD) soared 0.72%, & Silver (XAGUSD) gained 1.36%.

G10 Forex

JPY & AUD are Top Gainers

In the G10 FX Market, the Japanese Yen (JPY: Surged 0.25%) and Australian Dollar (AUD: Soared 0.12%) are the top gainers today versus the US Dollar (USD).

CAD & USD are Top Laggers

On the other hand, the Canadian Dollar (CAD) and the US Dollar (USD) are the top losers as they declined against the other major currencies.

Forex Daily Pivot Points

Global Indices

Asian Markets Mixed

In the Asian equities, markets were trading mixed today. The Nikkei (JPN225) was trading at 38999.5, down 0.4%. The Hang Seng (HKG33) was trading at 20539.5, up 2.59%.

European Indices Flat

• The UK’s FTSE 100 (UK100) traded flat at 8381.9.
• France’s CAC 40 (FRA40) traded flat at 7564.5.
• Germany’s DAX 30 (GER30) traded flat at 19567.2.

US Equities Futures Dipped

Looking at Equity Futures so far, the SP500 Futures was trading at 5851.0498, down 0.08%.

Popular US Indices Unchanged

• Standard & Poor’s 500 (SPX500) traded flat at 5851.35.
• Nasdaq (NAS100) slightly edged to 20247.1.
• Dow Jones Industrial Average (USA30) traded flat at 43284.

Energy Markets Positive

Crude Oil Futures Strengthened

In the Energy space, Oil futures were trading stronger today. The Brent Crude Futures was trading at 74.37, up 0.26%. The WTI Crude Futures was trading at 70.425, up 0.24%.

Spot Prices Heated Up

• Brent Crude (UKOIL) surged 0.24% to $74.36 a barrel.
• WTI Crude (OIL) soared 0.33% to $70.4 a barrel.
• Natural Gas (NATGAS) surged 1.03% $2.7945/MMBtu.

Precious Metals Gained Glimmer

• Gold (XAUUSD) surged 0.72% to 2712.495.
• Silver (XAGUSD) soared 1.36% to 32.1255.

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 news and updates from the financial world as the trading day unfolds.

_{We compared the Live Rates at about 05:36 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Freepik}