Morning Digest: Cheerful Start for AUD, EUR, US Markets, Energy, and Gold.

Morning Digest: Cheerful Start for AUD, EUR, US Markets, Energy, and Gold.

Published on: Jun 07, 2024|3 min read
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London: 7 June 2024 (TraderMade): Welcome to today’s Morning Digest! The global financial markets showcase a mixed mosaic this morning. AUD & EUR rock the currency dance floor; US indices, Energy, and Metal Markets soared today. Here is a sector-wise update:

Key Takeaways

  • Forex: AUD (Up 0.07%) & EUR (Up 0.04%) shine, while NZD (Down 0.09%) & CHF (Down 0.07%) decline against the USD today.
  • Asia-Pacific Dipped: Nikkei (JPN225) was down 0.04%, and Hang Seng (HKG33) declined 1.15% today.
  • European Indices Flat: FTSE (UK100), CAC (FRA40), and DAX (GER30) were almost unchanged at writing time.
  • US Markets Soared: S&P 500 (SPX500) surged 0.14%, Nasdaq (NAS100) edged up 0.14%, and Dow Jones (USA30) also gained 0.21% today.
  • Energy Markets Surged: Brent Crude (UKOIL) slightly edged up, WTI Crude (OIL) soared 0.26%, and Natural Gas (NATGAS) made modest gains of 0.91% today.
  • Precious Metals Mixed: Gold (XAUUSD) surged 0.13%, while Silver (XAGUSD) dipped 0.3% today.

G10 Forex

AUD & EUR are Top Gainers

In the G10 FX Market, the Australian Dollar (AUD: up 0.07%) and the Euro (EUR: up 0.04%) are the top gainers today compared to the dollar (USD).


NZD & CHF are Top Laggers

The top losers versus the dollar (USD) are the New Zealand Dollars (NZD: down 0.09%) and Swiss Francs (CHF: down 0.07%).

Forex Daily Pivot Points

FX Daily Pivots

Global Indices Mixed

Asian Markets Dipped

Today, Asian equities markets are weaker. The Nikkei (JPN225) was trading at 38611.0, down 0.04%, and the Hang Seng (HKG33) was trading at 18328.0, down 1.15%.

European Indices Flat

  • The UK’s FTSE 100 (UK100) trades flat at 8293.8.
  • France’s CAC 40 (FRA40) trades flat at 8037.6.
  • Germany’s DAX 30 (GER30) trades flat at 18627.1.

US Equities Futures Edged Up

Looking at Equity Futures so far, The SP500 Futures was trading at 5361.5, up 0.1%.

  • Standard & Poor’s 500 (SPX500) soared 0.14% to 5362.3496.
  • Nasdaq (NAS100) surged 0.14% to 19062.4.
  • Dow Jones Industrial Average (USA30) also surged 0.21% to 38985.

Energy Markets Surged

Crude Oil Futures Strengthened

In the Energy space, Oil futures were trading stronger today. The WTI Crude Futures were trading at 75.52, up 0.11%, and the Brent Crude Futures were trading at 79.96, up 0.09%.

Spot Prices Heated Up

  • Brent Crude (UKOIL) slightly edged up to $79.895 a barrel.
  • WTI Crude (OIL) gained 0.26% to $75.445 a barrel.
  • Natural Gas (NATGAS) surged 0.91% to $2.875/MMBtu.

Precious Metals Mixed

  • Gold (XAUUSD) soared 0.13% to 2378.8398.
  • Silver (XAGUSD) dipped 0.3% to 31.234.

To Summarize

Our today’s Morning digest covers the ups and downs of global financial markets across various sectors, indicating an optimistic start for the Aussie Dollar, Euro, US markets, Energy space, and Gold. As this is the status of various financial instruments at the morning bell, stay with us as we present more latest updates as the trading day progresses.

Image Courtesy: Freepik