Forex Newsletter: Optimistic Start with Antipodean Currencies Surging

London: 26 September 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate an upbeat beginning. Antipodean currencies, Aussie & Kiwi, soared against the US Dollar. Similarly, there are positive signs across global indices and commodity markets, except Crude Oil. Let’s go through the sector-wise updates:

Key Takeaways

• Forex: AUD (Up 0.55%) & NZD (Up 0.24%) soared while USD & JPY dipped.
• Asia-Pacific Positive: Nikkei (JPN225) surged 1.15%, and Hang Seng (HKG33) soared 1.78%.
• European Indices Soared: FTSE (UK100) was up 0.49%, CAC (FRA40) was up 0.89%, and DAX (GER30) was up 0.82%.
• US Markets Surged: S&P 500 (SPX500) soared 0.57%, Nasdaq (NAS100) surged 0.9%, and Dow Jones (USA30) inched up 0.38%.
• Energy Markets Mixed: Brent Crude (UKOIL) dipped 2.58%, WTI Crude (OIL) slipped 2.35%, yet Natural Gas (NATGAS) soared 0.88%.
• Precious Metals Gained: Gold (XAUUSD) edged up 0.16%, and Silver (XAGUSD) soared 0.45%.

G10 Forex

AUD & NZD are Top Gainers

In the G10 FX Market, the Australian Dollar (AUD: Surged 0.55%) and the New Zealand Dollar (NZD: Soared 0.24%) are the top gainers today versus the dollar (USD).

USD & JPY are Top Laggers

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

Forex Daily Pivot Points

Global Indices Mostly Up

Asian Markets Strengthened

Today, Asian equities markets are more substantial. The Nikkei (JPN225) traded at 38857.5, up 1.15%, and the Hang Seng (HKG33) traded at 19689.0, up 1.78%.

European Indices Positive

• The UK’s FTSE 100 (UK100) surged 0.49% to 8315.9.
• France’s CAC 40 (FRA40) soared 0.89% to 7630.9.
• Germany’s DAX 30 (GER30) surged 0.82% to 19083.3.

US Equities Futures Edged Up

Looking at Equity Futures, the SP500 Futures was trading at 5763.3501, up 0.4%.

Popular US Indices Optimistic

• Standard & Poor’s 500 (SPX500) rose 0.57% to 5766.75.
• Nasdaq (NAS100) surged 0.9% to 20214.3.
• Dow Jones Industrial Average (USA30) soared 0.38% to 42110.

Energy Markets

Crude Oil Futures Dropped

In the energy space, oil futures trade is weaker today. The WTI Crude Futures was trading at 68.375, down 1.5%, and the Brent Crude Futures was trading at 71.695, down 2.09%.

Spot Prices: Crude Oil Down, Natural Gas Up

• Brent Crude (UKOIL) dropped 2.58% to $71.335 a barrel.
• WTI Crude (OIL) declined 2.35% to $68.025 a barrel.
• Natural Gas (NATGAS) surged 0.88% to $2.928/MMBtu.

Precious Metals Gained Shine

• Gold (XAUUSD) soared 0.16% to 2661.6526.
• Silver (XAGUSD) surged 0.45% to 31.9545.

To Summarize

Today’s forex trading newsletter covers the status of various financial instruments across forex, stock indices, and commodities at the morning bell. The markets indicate an optimistic beginning to the day. Stay tuned for more insights on the impact of upcoming economic data releases as the trading day progresses.

_{We compared the Live Rates at about 06:00 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Kanchanara on Unsplash}