Forex Newsletter: Sliding Start with Kiwi & Aussie Gaining

London: 15 November 2024 (TraderMade): Welcome to today’s FX Newsletter!

The Global financial markets indicated a pessimistic start this morning, with Kiwi & Aussie leading the pack, while the Yen & Loonie declined against the US Dollar. Global indices were mixed: with Asia mixed, Europe narrowly edged, and the US indices dipped. The Energy & Metals markets saw substantial declines.

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

Key Takeaways

• Forex: NZD (Up 0.15%) & AUD (Up 0.14%) surged while JPY (Down 0.07%) & CAD (Down 0.03%) slipped vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) slipped 0.02%, while Hang Seng (HKG33) soared 0.61%.
• European Indices Slightly Edged: FTSE (UK100) edged 0.01%, CAC (FRA40) picked up 0.05%, & DAX (GER30) soared 0.05%.
• US Markets Declined: S&P 500 (SPX500) dipped 0.31%, Nasdaq (NAS100) was down 0.39%, & Dow Jones (USA30) slipped 0.29%.
• Energy Markets Decreased: Brent Crude (UKOIL) declined 0.88%, WTI Crude (OIL) dropped about 1%, & Natural Gas (NATGAS) also dipped 0.73%.
• Precious Metals Dipped: Gold (XAUUSD) dropped 0.09%, & Silver (XAGUSD) slipped 0.23%.

G10 Forex

NZD & AUD are Top Gainers

In the G10 FX Market, the New Zealand Dollar (NZD: Surged 0.15%) and Australian Dollar (AUD: Soared 0.14%) are the top gainers today versus the US Dollar (USD).

JPY & CAD are Top Laggers

On the other hand, the Japanese Yen (JPY: Dropped 0.07%) and Canadian Dollar (CAD: Dipped 0.03%) are the top losers compared to the US 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 38839.1992, down 0.02%.
• The Hang Seng (HKG33) was trading at 19532.8008, up 0.61%.

European Indices Edged

In European equities, indices were trading stronger today.

• The UK’s FTSE 100 (UK100) slightly edged by 0.01% to 8055.27.
• France’s CAC 40 (FRA40) soared 0.05% to 7285.4502.
• Germany’s DAX 30 (GER30) also surged 0.05% to 19209.5996.

US Equities Futures Dipped

Looking at Equity Futures, the SP500 Futures was trading at 5941.46, down 0.11%.

Popular US Indices Dropped

• Standard & Poor’s 500 (SPX500) dipped 0.31% to 5936.4.
• Nasdaq (NAS100) slipped 0.39% to 20820.5.
• Dow Jones Industrial Average (USA30) declined 0.29% to 43698.

Energy Markets

Crude Oil Futures Slipped

In the energy space, oil futures trade is weaker today. The Brent Crude Futures was trading at 71.686, down 0.75%. The WTI Crude Futures was trading at 67.835, down 0.87%.

Spot Prices Declined

• Brent Crude (UKOIL) dropped 0.88% to $71.5945 a barrel.
• WTI Crude (OIL) declined about 1% to $67.76 a barrel.
• Natural Gas (NATGAS) dipped 0.73% to $2.9785/MMBtu.

Precious Metals Lost Shine

• Gold (XAUUSD) slightly dipped by 0.09% to 2562.52.
• Silver (XAGUSD) slipped 0.23% to 30.3675.

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 as the Retail Sales data from the US & China is awaited. It would be crucial to watch the implications of these economic releases on the financial markets.

_{We compared the Live Rates at about 05:51 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Markus Spiske on Unsplash}