Forex Newsletter: Mixed Start with Yen & Kiwi Soaring

London: 5 September 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate a mixed start, with Yen and Kiwi leading the pack in Forex, mixed signals across Asian & US indices, and positive signs for Crude Oil and Precious Metals. Let’s take you through the sector-wise updates:

Key Takeaways

• Forex: JPY (Up 0.22%) & NZD (Up 0.05%) gained while NOK (Down 0.08) & EUR (Down 0.03%) declined against the USD.
• Asia-Pacific Mixed: Nikkei (JPN225) soared 0.61%, and Hang Seng (HKG33) dipped 0.69% today.
• European Indices Unchanged: FTSE (UK100), CAC (FRA40), and DAX (GER30) traded flat at writing time.
• US Markets Mixed: S&P 500 (SPX500) and Dow Jones (USA30) were almost unchanged, and Nasdaq (NAS100) slipped 0.14%.
• Energy Markets Mixed: Brent Crude (UKOIL) gained 0.17%, WTI Crude (OIL) picked up 0.18%, yet Natural Gas (NATGAS) weakened 0.24%.
• Precious Metals Surged: Gold (XAUUSD) and Silver (XAGUSD) edged up by 0.16% today.

G10 Forex

JPY & NZD are Top Gainers

In the G10 FX Market, the Japanese Yen (JPY: Surged 0.22%) and the New Zealand Dollar (NZD: Soared 0.05%) are the top gainers today versus the dollar (USD).

NOK & EUR are Top Laggers

Norwegian Krone (NOK: Dipped 0.08%) and Euro (EUR: Dropped 0.03%) are the top losers versus the 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 36620.5, up 0.61%. The Hang Seng (HKG33) was trading at 17358.0, down 0.69%.

European Indices Flat

• The UK’s FTSE 100 (UK100) traded flat at 8264.1.
• France’s CAC 40 (FRA40) traded flat at 7497.5.
• Germany’s DAX 30 (GER30) traded flat at 18574.

US Equities Futures Edged Up

Looking at Equity Futures so far, the SP500 Futures was trading at 5515.8501, up 0.04%.

Popular US Indices Mixed

• Standard & Poor’s 500 (SPX500) traded flat at 5516.85.
• Nasdaq (NAS100) dipped 0.14% to 18901.398.
• The Dow Jones Industrial Average (USA30) was almost unchanged at 40970.

Energy Markets

Crude Oil Futures Gained

In the Energy space, Oil futures were trading stronger today. The Brent Crude Futures was trading at 72.785, up 0.29%. The WTI Crude Futures was trading at 68.97, up 0.2%.

Spot Prices Mixed

• Brent Crude (UKOIL) soared 0.17% to $72.695 a barrel.
• WTI Crude (OIL) also surged 0.18% to $68.91 a barrel.
• Natural Gas (NATGAS) dipped 0.24% to $2.305 /MMBtu.

Precious Metals Gained Shine

• Gold (XAUUSD) gained 0.16% to 2499.468.
• Silver (XAGUSD) surged 0.16% to 28.309.

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 further financial updates as the trading day progresses.

_{Live Rates at about 05:50 AM GMT are compared to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Freepik}