Forex Newsletter: Optimistic Start with Aussie & Swedish Krona Surging

London: 19 September 2024 (TraderMade): Welcome to today's FX Newsletter! The global financial markets are off to a promising start this morning, signaling optimism. As we guide you through the sector-wise updates, you'll notice the encouraging signals in Forex, Stock indices, and Commodities Markets:

Key Takeaways

• Forex: AUD (Up 0.5%) & SEK (Up 0.27%) soared while JPY (Down 0.32%) & CHF (Down 0.17%) dipped vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) surged 0.35%, yet Hang Seng (HKG33) traded flat.
• European Indices Await Direction: FTSE (UK100), CAC (FRA40), and DAX (GER30) were unchanged at writing time.
• US Markets Optimistic: S&P 500 (SPX500) gained 0.85%, Nasdaq (NAS100) surged 1.27%, and Dow Jones (USA30) soared 0.47%.
• Energy Markets Surged: The energy markets perform robustly today. Brent Crude (UKOIL) surged 1.33%, WTI Crude (OIL) soared 1.26%, and Natural Gas (NATGAS) also edged up 0.59%, providing a sense of stability and confidence.
• Precious Metals Gained: Gold (XAUUSD) soared 0.6%, and Silver (XAGUSD) surged 2.33%.

G10 Forex

AUD & SEK are Top Gainers

In the G10 FX Market, the Australian Dollar (AUD: Up 0.5%) and Swedish Krona (SEK: Up 0.27%) are leading the pack today, showing significant gains against the dollar (USD).

JPY & CHF are Top Laggers

On the other hand, the Japanese Yen (JPY: Down 0.32%) and Swiss Francs (CHF: Down 0.17%) are the top losers versus the dollar (USD).

Forex Daily Pivot Points

Global Indices Mostly Gaining

Asian Markets Mixed

Asian equities markets traded mixed today. The Nikkei (JPN225) was trading at 37230.0, up 0.35%, while the Hang Seng (HKG33) was trading flat at 17979.0.

European Indices Flat

• The UK's FTSE 100 (UK100) traded flat at 8279.7.
• France's CAC 40 (FRA40) traded flat at 7480.
• Germany's DAX 30 (GER30) traded flat at 18780.2.

US Equities Futures Soared

Looking at Equity Futures, the SP500 Futures was trading at 5680.0498, up 0.29%.

Popular US Indices Gained

• Standard & Poor's 500 (SPX500) surged 0.85% to 5682.75.
• Nasdaq (NAS100) soared 1.27% to 19656.352.
• Dow Jones Industrial Average (USA30) also soared 0.47% to 41818.

Energy Markets Positive

Crude Oil Futures Strengthened

In the energy space, the oil futures trade is more substantial today. The Brent Crude Futures was trading at 73.275, up 1.26%, and the WTI Crude Futures was trading at 70.035, up 1.05%.

Spot Prices Heated Up

• Brent Crude (UKOIL) surged 1.33% to $73.325 a barrel.
• WTI Crude (OIL) increased 1.26% to $70.09 a barrel.
• Natural Gas (NATGAS) also soared 0.59% to $2.5735/MMBtu.

Precious Metals Gained Glimmer

• Gold (XAUUSD) gained 0.6% to 2574.62.
• Silver (XAGUSD) made modest gains of 2.33% to 30.771.

To Summarize

Today's Forex trading newsletter provides a comprehensive overview of the status of financial instruments in the Forex, stock indices, and commodities markets at the morning bell. The global markets are showing a positive start today. With the BoE interest rate decision scheduled for later today, the market dynamics may see some influence. Stay tuned for more updates!

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