Forex Newsletter: Optimistic Start with AUD & USD Climbing

London: 26 June 2024 (TraderMade): Welcome to today's FX Newsletter! The global financial markets paint a mixed picture this morning. Let's review the sector-wise updates to help you understand today's market mood.

Key Takeaways

• Forex: AUD & USD soared, while SEK & EUR (dipped 0.08%) declined today.
• Asia-Pacific Soared: Nikkei (JPN225) gained 0.84%, Hang Seng (HKG33) surged 0.7% today.
• European Indices Surged: FTSE (UK100) soared 0.32%, CAC (FRA40) surged 0.32%, and DAX (GER30) also soared 0.39% today at writing time.
• US Markets Optimistic: S&P 500 (SPX500) edged up 0.16%, Nasdaq (NAS100) soared 0.24%, and Dow Jones (USA30) also edged up 0.1% today.
• Energy Markets Mixed: Brent Crude (UKOIL) and WTI Crude (OIL) surged 0.58%, while Natural Gas (NATGAS) dipped 0.21% today.
• Precious Metals Dipped: Gold (XAUUSD) dipped 0.31%, and Silver (XAGUSD) declined 0.19% today.

G10 Forex

AUD & USD are Top Gainers

In the G10 FX Market, the Australian Dollar (AUD) and US Dollar (USD) are today's top gainers, as they soared against the other major currencies.

SEK & EUR are Top Laggers

Swedish Krona (SEK) and Euro (EUR) are the top losers, dipping 0.08% versus the dollar (USD).

Forex Daily Pivot Points

Global Indices Positive

Asian Markets Stronger

Today, Asian equities markets are more substantial. The Nikkei (JPN225) was trading at 39728.5, up 0.84%, and the Hang Seng (HKG33) was trading at 18088.5, up 0.7%.

European Indices Surged

The UK's FTSE 100 (UK100) soared 0.32% to 8276.051. France's CAC 40 (FRA40) surged 0.32% to 7711.85. Germany's DAX 30 (GER30) surged 0.39% to 18261.852.

US Equities Futures Edged Up

Looking at Equity Futures, The SP500 Futures was trading at 5482.2998, up 0.14%.

Popular US Indices Soared

Standard & Poor's 500 (SPX500) soared 0.16% to 5483.85. Nasdaq (NAS100) surged 0.24% to 19770.1. Dow Jones Industrial Average (USA30) soared about 0.1% to 39166.5.

Energy Markets

Crude Oil Futures Strengthened

In the energy space, the oil futures trade is more robust today. The WTI Crude Futures was trading at 81.03, up 0.7%. The Brent Crude Futures was trading at 84.63, up 0.64%.

Spot Prices Mixed

Brent Crude (UKOIL) surged 0.58% to $84.58 a barrel. WTI Crude (OIL) soared 0.58% to $80.995 a barrel. Natural Gas (NATGAS) dipped 0.21% to $2.846/MMBtu.

Precious Metals Lost Shine

Gold (XAUUSD) slipped 0.31% to 2312.4. Silver (XAGUSD) dipped 0.19% to 28.8575.

To Summarize

The forex trading newsletter covers updates across forex, stocks, and commodities markets at the morning bell. Stay with us as we bring the latest financial market news and updates as the trading day unfolds.

_{Live Rates taken at about 06:00 AM GMT are compared to the Last Close to calculate percentage differences. Image Courtesy: sergeitokmakov on Pixabay}