Morning Digest: Cautious Start with USD & CHF Gaining

London: 29 May 2024 (TraderMade): Welcome to today’s Morning Digest! The global financial markets present a cautious start this morning, with US Dollar & Swiss Francs leading the pack in the forex landscape. Let’s take you through the details of other sectors in today’s Morning Digest:

Key Takeaways

• Forex: USD & CHF gained, NZD (Down 0.2%) & NOK (Down 0.15%) declined.
• Asia-Pacific Slipped: At writing time, the Nikkei (JPN225) was down 0.6%, and the Hang Seng (HKG33) also dipped 1.05%.
• European Indices Flat: FTSE (UK100), CAC (FRA40), and DAX (GER30) traded flat at writing time.
• US Markets Dipped: S&P 500 (SPX500) was down 0.39%, Nasdaq (NAS100) was down 0.35%, and Dow Jones (USA30) was down 0.36%.
• Energy Markets Dipped: Brent Crude (UKOIL) dipped 0.16%, WTI Crude (OIL) slipped 0.2%, Natural Gas also declined 0.26%.
• Precious Metals Mixed: Gold (XAUUSD) declined 0.09%, Silver (XAGUSD) surged 0.25%.

G10 Forex

USD & CHF are Top Gainers

In the G10 FX Market, the US dollar (USD) and Swiss franc (CHF) are the top gainers today, as they have gained against other major currencies.

NZD & NOK are Top Laggers

The New Zealand Dollar (NZD: Dipped 0.2%) and Norwegian Krone (NOK: Slipped 0.15%) are the top losers versus the dollar (USD).

Forex Daily Pivot Points

Global Indices Mostly Declined

Asian Markets Dipped

Today, Asian equities markets are weak. The Hang Seng was trading at 18554.5, down 1.05%, and the Nikkei 225 was trading at 38648.0, down 0.6%.

European Indices Flat

• The UK’s FTSE 100 (UK100) trades flat at 8263.2.
• France’s CAC 40 (FRA40) trades flat at 8047.3.
• Germany’s DAX 30 (GER30) trades flat at 18681.41.

US Equities Futures Dipped

Looking at Equity Futures so far, The SP500 Futures was trading at 5297.4502, down 0.18%.

Popular US Indices Declined

• Standard & Poor’s 500 (SPX500) declined 0.39% to 5292.7.
• Nasdaq (NAS100) dipped 0.45% to 18824.2.
• Dow Jones Industrial Average (USA30) slipped 0.36% to 38747.

Energy Markets Down

Crude Oil Futures Declined

In the energy space, oil futures trade is weaker today. The WTI Crude Futures was trading at 79.915, down 0.14%, and the Brent Crude Futures was trading at 84.19, down 0.16%.

Spot Prices Dipped

• Brent Crude (UKOIL) slipped 0.16% to $84.19 a barrel.
• WTI Crude (OIL) dipped around 0.2% to $79.93 a barrel.
• Natural Gas (NATGAS) also declined 0.26% to 2.8395.

Precious Metals Mixed

• Gold (XAUUSD) dipped 0.09% to 2359.155.
• Silver (XAGUSD) surged 0.25% to 32.182.

To Summarize

The global financial markets look cautious at the morning bell. Our Morning Digest covers updates across forex, stocks, and commodity markets worldwide. Stay tuned for the latest updates as the trading day unfolds.