Morning Digest: Cautious Outlook with AUD & SEK Gains
London: 23 April 2024 (TraderMade): Welcome to today’s Morning Digest! The global markets look in a wait-and-see stance, as big tech earnings and crucial economic data are expected later this week. Energy and metals markets also lose shine. Let’s dive deeper into various sectors:
Key Takeaways
- In G10 Forex, AUD (up 0.1%) and SEK (up 0.07%) are top gainers, while NZD (down 0.09%) and CHF (down 0.06%) are top laggers against the dollar today.
- Asian markets were mixed, with Nikkei (JPN225) dipping by 0.65% and Hang Seng (HKG33) gaining by 0.74%.
- European indices, like FTSE 100, CAC 40, and DAX 30, and US indices, like SPX500, Nasdaq 100, and Dow Jones, trade flat as they await clear direction through earning reports and economic data later this week.
- Crude oil seems flat, while Natural Gas gained 0.51%.
- Gold and silver lost shine by dipping over 0.8%.
Forex
AUD and SEK are Top Gainers in G10 Forex Today
In the G10 FX Market, the Australian Dollar (AUD: surged 0.1%) and Swedish Krona (SEK: soared slightly by 0.07%) are the top gainers today versus the dollar.
NZD and CHF are Top Laggers
The New Zealand Dollar (NZD: dipped 0.09%) and Swiss franc (CHF: slipped 0.06%) are the top losers versus the dollar, respectively.
Forex Daily Pivot Points
Global Indices
Asian Markets Mixed
In Asian equities, markets were trading mixed today. The Hang Seng was trading at 16785.0, up 0.74%, and the Nikkei 225 was trading at 37545.5, down 0.65%.
European Indices Flat
- The UK’s FTSE 100 (UK100) trades flat at 8070.1.
- France’s CAC 40 (FRA40) trades flat at 8093.9.
- Germany’s DAX 30 (GER30) trades flat at 17988.898.
US Equities Futures Slightly Dipped
Looking at Equity Futures so far, The SP500 Futures was trading at 5012.0498, down 0.02%.
Popular US Indices Await Direction
- Standard & Poor’s 500 (SPX500) trades flat at 5013.3.
- Nasdaq (NAS100) trades flat at 17200.8.
- Dow Jones Industrial Average (USA30) trades flat at 38277.
Energy Markets
Crude Oil Futures Strengthened
In the energy space, the oil futures trade is stronger today. The WTI Crude Futures were trading at 82.221, up 0.33%, and the Brent Crude Futures were trading at 86.597, up 0.29%.
Crude Oil Spot Prices Relatively Flat
- Brent Crude (UKOIL) slightly edged up to $86.387 a barrel.
- WTI Crude (OIL) traded flat at $82.001 a barrel.
- Natural Gas (NATGAS) surged 0.51% to $2.089/MMBtu.
Precious Metals
- Gold (XAUUSD) plummeted 0.86% to 2307.233.
- Silver (XAGUSD) dipped 0.91% to 26.9455.
To Summarize
Today’s morning bell features cautious statistics on display as global stock trades are flat; crude oil, gold, and silver take a breather. Stay tuned for the latest updates across various financial markets as the trading day progresses.
