Forex Newsletter: Positive Beginning with AUD & NOK Gaining

London: 23 September 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate an upbeat start this morning. The Aussie & Norwegian Krone lead the pack in Forex. For more details on global indices and commodities markets, let’s take you through the sector-wise updates:

Key Takeaways

• Forex: AUD (Up 0.36%) & NOK (Up 0.14%) soared while JPY (Down 0.19%) & CHF (Down 0.06%) dipped vs USD.
• Asia-Pacific Surged : Nikkei (JPN225) soared 0.18%, and Hang Seng (HKG33) surged 0.91%.
• European Indices Unchanged: FTSE (UK100), CAC (FRA40), and DAX (GER30) traded flat at writing time.
• US Markets Up: S&P 500 (SPX500) surged 0.37%, Nasdaq (NAS100) increased 0.58%, and Dow Jones (USA30) also soared 0.23%.
• Energy Markets Gained: Brent Crude (UKOIL) soared 0.36%, WTI Crude (OIL) surged 0.39%, and Natural Gas (NATGAS) made modest gains of 1.45%.
• Precious Metals Mixed: Gold (XAUUSD) surged 0.26%, yet Silver (XAGUSD) dipped 0.21%.

G10 Forex

AUD & NOK: A Day of Triumph

In the G10 FX Market, the Australian Dollar (AUD: Surged 0.36%) and Norwegian Krone (NOK: Soared 0.14%) are the top gainers today versus the dollar (USD).

JPY & CHF are Top Laggers

On the other hand, the Japanese Yen (JPY: Dropped 0.19%) and Swiss Francs (CHF: Slipped 0.06%) are the top losers versus the dollar (USD).

Forex Daily Pivot Points

Global Indices Positive

Asian Markets Up

Today, Asian equities markets stand firm. The Nikkei (JPN225) was trading at 38503.5, up 0.18%, and the Hang Seng (HKG33) was trading at 18339.0, up 0.91%.

European Indices Flat

The UK’s FTSE 100 (UK100) traded flat at 8206.8. France’s CAC 40 (FRA40) traded flat at 7502.5. Germany’s DAX 30 (GER30) traded flat at 18732.8.

US Equities Futures Edged Up

Looking at Equity Futures, the SP500 Futures was trading at 5725.3501, up 0.16%.

Popular US Indices Optimistic

Standard & Poor’s 500 (SPX500) surged 0.37% to 5726.55. Nasdaq (NAS100) soared 0.58% to 19908.7. Dow Jones Industrial Average (USA30) rose 0.23% to 42194.5.

Energy Markets Rise

Crude Oil Futures Strengthened

In the energy space, the oil futures trade is more potent today. The WTI Crude Futures was trading at 71.41, up 0.78%, and the Brent Crude Futures was trading at 74.34, up 0.28%.

Spot Prices Heated Up

Brent Crude (UKOIL) soared 0.36% to $74.405 a barrel. WTI Crude (OIL) surged 0.39% to $71.475 a barrel. Natural Gas (NATGAS) increased by 1.45% to $2.792/MMBtu.

Precious Metals Mixed

Gold (XAUUSD) soared 0.26% to 2629.151. Silver (XAGUSD) dropped 0.21% to 31.1055.

To Summarize

Today’s Forex trading newsletter covers the status of various financial instruments, including Forex, stock indices, and commodities, at the morning bell. As the RBA interest rate decision, which can significantly influence the value of the Australian Dollar, is on the horizon, please stay tuned for the latest financial news and updates as the trading day progresses.

_{Live Rates at about 05:39 AM GMT are compared to the Friday Close Values to calculate the Percentage Differences. While we strive for accuracy, the rates provided are for informational purposes only and should not be considered financial advice. Image Courtesy: Tech Daily on Unsplash}