Morning Digest: Cautious Start with Commodities Gaining
London: 6 May 2024 (TraderMade): Welcome to today’s Morning Digest! The global financial markets paint a mixed mosaic, to begin with the new week today. NOK & AUD gained in Forex, Commodities like Crude Oil, Natural Gas, Gold, and Silver Shine. Here are the updates across various sectors:
Key Takeaways
- NOK & AUD (up 0.02% and 0.01%) lead the pack, while JPY & NZD (declined 0.7% and 0.19%) lag in G10 Forex today versus the dollar, respectively.
- Asian markets were mixed. The Nikkei (JPN225) edged up 0.28%, while the Hang Seng (HKG33) dipped 0.7%.
- European indices, like the FTSE (UK100), CAC (FRA40), and DAX (GER30), trade flat, while US indices, like the Standard & Poor’s 500 (SPX500), Nasdaq (NAS100), and Dow Jones (USA30), trade flat.
- In the Energy space, Brent Crude soared 0.68, WTI Crude surged 0.73%, and Natural Gas soared 0.18%.
- Precious metals surged: Gold gained 0.47%, while Silver surged 1.43%.
G10 Forex
NOK and AUD are Top Gainers
In the G10 FX Market, the Norwegian Krone (NOK: up 0.02%) and the Australian Dollar (AUD: up 0.01%) are the top gainers today versus the dollar.
JPY and NZD are Top Laggers
The Japanese Yen (JPY: down 0.7%) and New Zealand Dollar (NZD: down 0.19%) are the top losers versus the dollar, respectively.
Forex Daily Pivot Points
Global Indices Take a Breather
Asian Markets Mixed
Today, Asian equities markets were mixed. The Nikkei 225 was trading at 38588.0, up 0.28%, and the Hang Seng was trading at 18470.0, down 0.7%.
European Indices Flat
- The UK’s FTSE 100 (UK100) trades flat at 8251.551.
- France’s CAC 40 (FRA40) trades flat at 7967.
- Germany’s DAX 30 (GER30) trades flat at 18075.4.
US Equities Futures Slipped
Looking at Equity Futures so far, The SP500 Futures was trading at 5132.7002, down 0.07%.
Popular US Indices Flat
- Standard & Poor’s 500 (SPX500) trades flat at 5135.7.
- Nasdaq (NAS100) slightly dipped to 17908.45.
- Dow Jones Industrial Average (USA30) trades flat at 38749.
Energy Markets Surge
Crude Oil Futures Stronger
In the energy space, the oil futures trade is stronger today. The Brent Crude Futures were trading at 83.15, up 0.55%, and the WTI Crude Futures were trading at 78.26, up 0.15%.
Spot Prices Edged Up
- Brent Crude (UKOIL) surged 0.68% to $83.255 a barrel.
- WTI Crude (OIL) soared 0.73% to $78.355 a barrel.
- Natural Gas (NATGAS) surged 0.18% to $2.281/MMBtu.
Precious Metals Soar
- Gold (XAUUSD) surged 0.47% to 2312.845.
- Silver (XAGUSD) surged 1.43% to 26.937.
To Summarize
The week begins with a mixed bag, as Norwegian Krone and Aussie Dollar shine in Forex. The global indices took a breather, yet energy and metals gained ground. Stay tuned with us as we let you know about the latest updates driving global financial markets.
