Forex Newsletter: Optimistic Start with Aussie & Pound Gaining

London: 18 November 2024 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets are optimistic today, with AUD & GBP soaring, while NZD & JPY dipping against the USD. Global indices, Energy, & Metals markets recorded modest gains.

Let’s go through the sector-wise updates for more details:

Key Takeaways

• Forex: AUD (Up 0.11%) & GBP (Up 0.08%) surged while NZD (Down 0.11%) & JPY (Down 0.09%) declined vs USD.
• Asia-Pacific Optimistic: Nikkei (JPN225) edged 0.06%, & Hang Seng (HKG33) soared 0.48%.
• European Indices Positive: FTSE (UK100) slightly edged, CAC (FRA40) soared 0.11%, & DAX (GER30) surged 0.12%.
• US Markets Gained: S&P 500 (SPX500) soared 0.3%, Nasdaq (NAS100) surged 0.73&, & Dow Jones (USA30) slightly edged.
• Energy Markets Soared: Brent Crude (UKOIL) soared 0.11%, WTI Crude (OIL) narrowly edged, & Natural Gas (NATGAS) surged 2.77%.
• Precious Metals Surged: Gold (XAUUSD) soared 0.67%, & Silver (XAGUSD) surged 1.3%.

G10 Forex

AUD & GBP are Top Gainers

In the G10 FX Market, the Australian Dollar (AUD: Surged 0.11%) and the British Pound (GBP: Soared 0.08%) are the top gainers today versus the US Dollar (USD).

NZD & JPY are Top Laggers

On the other hand, the New Zealand Dollar (NZD: Dropped 0.11%) and Japanese Yen (JPY: Dipped 0.09%) are the top losers versus the US Dollar (USD).

Forex Daily Pivot Points

Global Indices Gained

Asian Markets Surged

In Asian equities, markets were trading stronger today.

• The Nikkei (JPN225) was trading at 38251.6992, up 0.06%.
• The Hang Seng (HKG33) was trading at 19566.1992, up 0.48%.

European Indices Soared

In European equities, indices were trading stronger today.

• The UK’s FTSE 100 (UK100) slightly edged by 0.01% to 8083.9902.
• France’s CAC 40 (FRA40) soared 0.11% to 7291.1401.
• Germany’s DAX 30 (GER30) also climbed 0.12% to 19272.3008.

US Equities Futures Positive

Looking at Equity Futures, the SP500 Futures was trading at 5895.73, up 0.13%.

Popular US Indices Optimistic

• Standard & Poor’s 500 (SPX500) soared 0.3% to 5899.01.
• Nasdaq (NAS100) surged 0.73% to 20578.1.
• Dow Jones Industrial Average (USA30) slightly edged to 43533.9.

Energy Markets

Crude Oil Futures Strengthened

In the Energy space, Oil futures were trading stronger today. The WTI Crude Futures was trading at 66.98, up 0.4%. The Brent Crude Futures was trading at 71.0135, up 0.22%.

Spot Prices Heated Up

• Brent Crude (UKOIL) edged 0.11% to $70.9365 a barrel.
• WTI Crude (OIL) slightly increased to $66.905 a barrel.
• Natural Gas (NATGAS) surged 2.77% to $3.1525/MMBtu.

Precious Metals Gained

• Gold (XAUUSD) soared 0.67% to 2585.68.
• Silver (XAGUSD) surged 1.3% to 30.6625.

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 news and updates as the trading day progresses.

_{We compared the Live Rates at about 06:39 AM GMT to the Friday Close Values to calculate the Percentage Differences. Image Courtesy: TabTrader.com on Unsplash}