Morning Digest: Cautious Yet Slightly Positive Start

London: 25 April 2024 (TraderMade): Welcome to today's Morning Digest! The global financial markets paint a cautious yet slightly optimistic mosaic this morning. Commodity-based currencies, AUD & NZD, continue their upward trend against the greenback today. Yet, global indices are mixed. Commodities, like crude oil, natural gas, gold, and silver, slightly edged up. Let's delve into various sectors:

Key Takeaways

• AUD and NZD shine in Forex, gaining 0.17% and 0.11%, respectively, against the USD, while USD and JPY are today's top losers.
• Asian markets were mixed. The Nikkei (JPN225) declined 0.66%, while the Hang Seng (HKG33) surged 0.68%.
• European indices, like FTSE, CAC, and DAX trade flat. US indices: S&P 500 dipped 0.11%, Nasdaq 100 dipped 0.36%, and Dow Jones traded flat.
• In the Energy space, Brent and WTI Crude prices edged up slightly, while Natural Gas made modest gains of 1.17%.
• Among precious metals, gold and silver narrowly edged up today.

Forex

AUD and NZD are Top Gainers in G10 Forex Today

In the G10 FX Market, the Australian Dollar (AUD soared 0.17%) and New Zealand Dollar (NZD Surged 0.11%) versus the US Dollar.

USD and JPY are Top Laggers

The US Dollar (USD) and Japanese Yen (JPY) are the top losers, as these currencies declined against other major currencies today.

Forex Daily Pivot Points

Global Indices Subdued

Asian Markets Mixed

In Asian equities, markets were trading mixed today. The Hang Seng was trading at 17286.0, up 0.68%, and the Nikkei 225 was trading at 37654.0, down 0.66%.

European Indices Flat

• The UK's FTSE 100 (UK100) trades flat at 8063.1.
• France's CAC 40 (FRA40) trades flat at 8110.15.
• Germany's DAX 30 (GER30) trades flat at 18138.

US Equities Futures Dipped

Looking at Equity Futures so far, The SP500 Futures was trading at 5038.4502, down 0.11%.

Popular US Indices Declined

• Standard & Poor's 500 (SPX500) declined 0.11% to 5040.7.
• Nasdaq (NAS100) dipped 0.36% to 17311.602.
• Dow Jones Industrial Average (USA30) trades flat at 38414.

Energy Markets

Crude Oil Futures Strengthened

In the energy space, the oil futures trade is stronger today. The WTI Crude Futures was trading at 82.788, up 0.37%, and the Brent Crude Futures was trading at 87.23, up 0.14%.

Spot Prices Slightly Edged Up

• Brent Crude (UKOIL) slightly surged to $87.19 a barrel.
• WTI Crude (OIL) slightly edged up to $82.733 a barrel.
• Natural Gas (NATGAS) surged 1.17% to $2.038/MMBtu.

Precious Metals

• Gold (XAUUSD) gained by about 0.1% to 2318.315.
• Silver (XAGUSD) slightly edged up to 27.1685.

To Summarize

Mixed signals this morning! While commodity currencies like AUD and NZD are rising against the dollar, global stock markets show a mixed bag. Even commodities like oil and gold saw small gains. Stay with us as we present the latest updates across markets as the trading day unfolds.

_{Image Courtesy: janoon004 on freepik.}