Forex Newsletter: Positive Start with USD & CHF Surging

London: 28 June 2024 (TraderMade): Welcome to today's FX Newsletter! The global financial markets showcase a positive start this morning. USD & CHF soared in forex; Global indices are mixed, while commodities made modest gains. Let's go through the sector-wise updates:

Key Takeaways

• Forex: USD & CHF soared, while NZD & AUD dipped 0.36% against the USD today.
• Asia-Pacific Mixed: Nikkei (JPN225) dipped 0.09%, Hang Seng (HKG33) soared 0.94% today.
• European Indices Unchanged: FTSE (UK100), CAC (FRA40), and DAX (GER30) traded flat at writing time.
• US Markets Up: S&P 500 (SPX500) soared 0.14%, Nasdaq (NAS100) surged 0.19%, Dow Jones (USA30) slightly inched up today.
• Energy Markets Positive: Brent Crude (UKOIL), WTI Crude (OIL), and Natural Gas (NATGAS) surged by about 0.5% today.
• Precious Metals Gained: Gold (XAUUSD) soared 0.13%, and Silver (XAGUSD) climbed 0.55% today.

G10 Forex

USD & CHF are Top Gainers

In the G10 FX Market, the US Dollar (USD) and Swiss Francs (CHF) are today's top gainers, surging against the other major currencies.

NZD & AUD are Top Laggers

The New Zealand Dollar (NZD) and Australian Dollar (AUD) are the top losers, dipping 0.36% versus the dollar (USD).

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Mixed

In Asian equities, markets were trading mixed today. The Nikkei (JPN225) was trading at 39529.5, down 0.09%. The Hang Seng (HKG33) was trading at 17790.0, up 0.94%.

European Indices Flat

• The UK's FTSE 100 (UK100) trades flat at 8192.5.
• France's CAC 40 (FRA40) trades flat at 7535.1.
• Germany's DAX 30 (GER30) trades flat at 18231.3.

US Equities Futures Slightly Edged Up

Looking at Equity Futures, the SP500 Futures was trading at 5499.5498, up 0.06%.

Popular US Indices Optimistic

• Standard & Poor's 500 (SPX500) soared 0.14% to 5498.45.
• Nasdaq (NAS100) surged 0.19% to 19865.55.
• Dow Jones Industrial Average (USA30) slightly edged up to 39192.

Energy Markets Positive

Crude Oil Futures Strengthened

In the energy space, the oil futures trade is more vital today. The Brent Crude Futures were trading at 85.61, up 0.48%, and the WTI Crude Futures were trading at 81.865, up 0.46%.

Spot Prices Surged

• Brent Crude (UKOIL) climbed 0.52% to $85.64999 a barrel.
• WTI Crude (OIL) surged 0.47% to $81.905 a barrel.
• Natural Gas (NATGAS) soared 0.61% to $2.7125/MMBtu.

Precious Metals Gained Glimmer

• Gold (XAUUSD) soared 0.13% to 2324.546.
• Silver (XAGUSD) surged 0.55% to 29.139.

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 economic updates as the trading day progresses.

_{Live Rates at about 05:39 AM GMT are compared to the Last Close to calculate percentage differences. Image Courtesy: PiggyBank on Unsplash}