Forex Newsletter: Optimistic Start with Euro & Yen Soaring

London: 22 July 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets showcase a cheerful start this morning, with Yen & Euro soaring in Forex, US Markets, Energy, and Metals also surging. Let’s take you through the sector-wise updates:

Key Takeaways

• Forex: JPY (up 0.14%) & EUR (Up 0.03%) surged, AUD (Down 0.3%) & NZD (Down 0.24%) lagged against the USD.
• Asia-Pacific Mixed: Nikkei (JPN225) dips 0.78%, Hang Seng (HKG33) climbs 0.57%.
• European Indices Flat: FTSE (UK100), CAC (FRA40), and DAX (GER30) were almost unchanged at writing time.
• US Markets Soared: S&P 500 (SPX500) edged up 0.35%, Nasdaq (NAS100) surged 0.51%, and Dow Jones (USA30) also soared 0.22% today.
• Energy Markets Surged: Brent Crude (UKOIL) edged up 0.45%, WTI Crude (OIL) soared 0.39%, and Natural Gas (NATGAS) made modest gains of 1.43% today.
• Precious Metals Mixed: Gold (XAUUSD) surged 0.20%, while Silver (XAGUSD) dipped 0.34%.

G10 Forex

JPY & EUR are Top Gainers

In the G10 FX Market, Japanese Yen (JPY: Surged 0.14%) and Euro (EUR: Soared 0.03%) are the top gainers today versus the dollar (USD).

AUD & NZD are Top Laggers

The Australian Dollar (AUD: Dipped 0.3%) and the New Zealand Dollar (NZD: Slipped 0.24%) are the top losers compared to the dollar (USD).

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Mixed

In Asian equities, markets were trading mixed today. The Hang Seng was trading at 17520.0, up 0.57%, and the Nikkei 225 was trading at 39617.5, down -0.78%.

European Indices Flat

• The UK’s FTSE 100 (UK100) traded flat at 8166.2.
• France’s CAC 40 (FRA40) traded flat at 7533.9.
• Germany’s DAX 30 (GER30) traded flat at 18152.3.

US Equities Futures Dipped

Looking at Equity Futures so far, The SP500 Futures was trading at 5526.3501, down 0.13%.

Popular US Indices Optimistic

• Standard & Poor’s 500 (SPX500) soared 0.35% to 5528.25.
• Nasdaq (NAS100) surged 0.51% to 19639.05.
• Dow Jones Industrial Average (USA30) also picked up 0.22% to 40377.

Energy Markets Up

Crude Oil Futures Mixed

In the Energy space, Oil futures were trading mixed today. The Brent Crude Futures were trading at 82.2, up 0.4%, and the WTI Crude Futures were trading at 78.84, down 0.04%.

Spot Prices Gained

• Brent Crude (UKOIL) soared 0.45% to $82.24 a barrel.
• WTI Crude (OIL) edged up 0.39% to $78.89 a barrel.
• Natural Gas (NATGAS) made modest gains of about 1.43% to $2.192/MMBtu.

Precious Metals Mixed

• Gold (XAUUSD) soared 0.20% to 2405.2783.
• Silver (XAGUSD) dipped 0.34% to 29.116.

To Summarize

Today’s forex trading newsletter covers the status of various financial instruments across forex, stock indices, and commodities at the morning bell. As the European session unfolds and we get a clearer picture of major indices, market participants should keep a close eye on these trends to make informed decisions. Stay tuned for further updates!

_{Live Rates at about 05:49 AM GMT are compared to the Friday Close Values to calculate the Percentage Differences. Image Courtesy: rawpixel.com on Freepik}