Forex Newsletter: Optimistic Beginning Across Markets
London: 18 July 2024 (TraderMade): Welcome to today's FX Newsletter! Today's market indicates a positive start across global financial markets. Let's dive into the details!
Key Takeaways
- Forex: Top Gainers: AUD (+0.16%), CAD (+0.03%), Top Losers: CHF (-0.12%), NZD (-0.11%).
- Asia-Pacific Soars: Nikkei (JPN225) was up 0.22%, Hang Seng (HKG33) surged 0.99% today.
- European Indices Surged: FTSE (UK100) was up 0.37%, CAC (FRA40) soared 0.41%, and DAX (GER30) soared 0.26% at writing time.
- US Markets Optimistic: S&P 500 (SPX500) soared 0.17%, Nasdaq (NAS100) surged 0.34%, and Dow Jones (USA30) also edged up slightly.
- Energy Markets Mixed: Brent Crude (UKOIL) was up 0.25%, WTI Crude (OIL) soared 0.27%, yet Natural Gas (NATGAS) slipped 0.17% today.
- Precious Metals Gained Glimmer: Gold (XAUUSD) gained 0.3%, and Silver (XAGUSD) soared 0.33% today.
G10 Forex
AUD & CAD are Top Gainers
The mighty dollar (USD) is having an off day. The Aussie (AUD: up 0.16%) and Loonie (CAD: up 0.03%) are flexing their muscles, gaining ground against the greenback.
CHF & NZD are Top Laggers
The Swiss Franc (CHF: down 0.12%) and Kiwi (NZD: down 0.11%) are feeling the heat, trading lower.
Forex Daily Pivot Points
Global Indices Optimistic
Asian Markets Soar
The Nikkei 225 and Hang Seng are soaring higher with impressive gains. The Nikkei (JPN225) was trading at 40242.0, up 0.22%, and the Hang Seng (HKG33) was trading at 17819.0, up 0.99%.
European Indices Surged
European markets are positive. The FTSE, CAC, and DAX are gaining momentum.
- The UK's FTSE 100 (UK100) soared 0.37% to 8232.1.
- France's CAC 40 (FRA40) surged 0.41% to 7597.0996.
- Germany's DAX 30 (GER30) was up 0.26% to 18472.45.
US Equities Futures Edged Up
The S&P 500 Futures are inching upward, hinting at a potential positive opening for the US market. The SP500 Futures was trading at 5608.9502, up 0.02%.
Popular US Indices Gained
- Standard & Poor's 500 (SPX500) soared 0.17% to 5609.95.
- Nasdaq (NAS100) edged up 0.34% to 19909.2.
- Dow Jones Industrial Average (USA30) slightly inched up to 41321.
Energy Markets
Crude Oil Futures
We see some bullish action in the oil sector. Both Brent and WTI Crude Futures are trading higher, indicating a rise in demand. The Brent Crude Futures was trading at 84.61, up 0.25%, and the WTI Crude Futures was trading at 81.83, up 0.25%.
Spot Prices Mixed
- Brent Crude (UKOIL) edged up 0.25% to $84.615 a barrel.
- WTI Crude (OIL) soared 0.27% to $81.845 a barrel.
- Natural Gas (NATGAS) dipped 0.17% to $2.071/MMBtu.
Precious Metals Gained
- Gold (XAUUSD) soared about 0.32% to 2465.978.
- Silver (XAGUSD) soared 0.33% to 30.402.
To Summarize
Today's forex trading newsletter covers the status of various financial instruments across forex, stock indices, and commodities at the morning bell. Today's market presents an optimistic picture. Stay tuned for further updates and expert analysis to navigate these dynamic market conditions!
Live Rates at about 06:02 AM GMT are compared to the Last Close values to calculate the percentage differences. Image Courtesy: