Forex Newsletter: Mixed Start with Yen & Swiss Francs Surging

London: 26 August 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate a mixed start to this week. Yen and Swiss francs led the pack in Forex, Asia-Pacific markets were mixed, European & US indices were flat, Energy gained, and Metals declined. Let’s take you through the sector-wise updates:

Key Takeaways

• Forex: JPY (Up 0.2%) & CHF (Up 0.01%) are top gainers, while AUD (Down 0.32%) & NZD (Down 0.32%) are top laggers against the USD today.
• Asia-Pacific Mixed: Nikkei (JPN225) dipped 0.11%, Hang Seng (HKG33) edged up 0.1%.
• European Indices Flat: FTSE (UK100), CAC (FRA40), and DAX (GER30) await direction at writing time.
• US Markets Unchanged: S&P 500 (SPX500), Nasdaq (NAS100), and Dow Jones (USA30) showed narrow fluctuations.
• Energy Markets Heated Up: Brent Crude (UKOIL), WTI Crude (OIL), and Natural Gas (NATGAS) surged over 0.4% today.
• Precious Metals Declined: Gold (XAUUSD) narrowly dipped, and Silver (XAGUSD) slipped 0.33%.

G10 Forex

JPY & CHF are Top Gainers

In the G10 FX Market, Japanese Yen (JPY: Surged 0.2%) and Swiss francs (CHF: Soared 0.01%) are the top gainers today versus the dollar (USD).

AUD & NZD are Top Laggers

The Australian Dollar (AUD: Dipped 0.32%) and New Zealand Dollar (NZD: Slipped 0.32%) 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 38042.0, down 0.11%. The Hang Seng (HKG33) was trading at 17749.0, up 0.1%.

European Indices Flat

• The UK’s FTSE 100 (UK100) traded flat at 8334.5.
• France’s CAC 40 (FRA40) traded flat at 7581.8.
• Germany’s DAX 30 (GER30) traded flat at 18630.8.

US Equities Futures Edged Up

Looking at Equity Futures so far, The SP500 Futures was trading at 5635.5, up 0.03%.

Popular US Indices Almost Unchanged

• Standard & Poor’s 500 (SPX500) slightly edged up to 5638.05.
• Nasdaq (NAS100) also narrowly picked up to 19728.
• Dow Jones Industrial Average (USA30) traded flat at 41195.

Energy Markets

Crude Oil Futures Mixed

In the Energy space, Oil futures were trading mixed today. The Brent Crude Futures was trading at 78.635, up 0.45%. The WTI Crude Futures was trading at 75.02, down 0.12%.

Spot Prices

• Brent Crude (UKOIL) surged 0.49% to $78.665 a barrel.
• WTI Crude (OIL) soared 0.46% to $75.045 a barrel.
• Natural Gas (NATGAS) also edged up 0.43% to $2.2315/MMBtu.

Precious Metals Lost Glimmer

• Gold (XAUUSD) narrowly slipped to 2510.374.
• Silver (XAGUSD) dipped 0.33% to 29.724.

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 updates in the global financial landscape as the trading day unfolds.

_{Live Rates at about 05:47 AM GMT are compared to the Friday Close Values to calculate the Percentage Differences. Image Courtesy: creativeart on Freepik}