Morning Digest: The Dollar and Yen Shine in Forex, But Global Markets Lack Direction

London: 15 March 2024 (TraderMade): The US Dollar and Japanese Yen strengthened against other major currencies today. Meanwhile, global markets showed mixed signals with Asian markets split, European markets waiting for a cue, and US markets dipping slightly. Energy prices edged up, while precious metals like Gold and Silver surged.

Key Takeaways

• In Forex, USD and JPY climbed, while NZD and NOK declined by 0.54% and 0.27%, respectively, against the dollar.
• Asian markets were split, with the Nikkei up and the Hang Seng down. European markets awaited direction, and US markets slightly dipped.
• Energy was slightly up, and precious metals surged.

Forex

USD and JPY are top gainers in G10 Forex Today

The US Dollar and Japanese Yen gained against other major currencies.

EURUSD plummeted 0.11% to 1.0874.

EURJPY slipped 0.08% to 161.3015.

NZD and NOK are top laggers

The New Zealand Dollar (NZD) lost 0.54% (Currently trading at 0.60975), and the Norwegian Krone (NOK) slipped 0.27% against the dollar (Currently trading at 10.59225).

Forex Daily Pivot Points

Global Indices

Asian Markets Mixed

The Nikkei 225 (JPN225) was trading at 38722.5, up 0.43%. The Hang Seng (HKG33) was trading at 16548.0, down 1.16%.

European Indices Flat

• The UK’s FTSE 100 (UK100) trades at 7755.4.
• France’s CAC 40 (FRA40) trades at 8157.7.
• Germany’s DAX 30 (GER30) trades at 17964.5.

US Equities Futures

Looking at Equity Futures so far, The SP500 Futures was trading at 5153.9004, flat 0.0%.

Popular US Indices Declined

• Standard & Poor’s 500 (SPX500) slightly slipped by 0.08% to 5153.6504.
• Nasdaq (NAS100) declined by 0.23% to 17989.398.
• Dow Jones Industrial Average (USA30) was slightly down by 0.06% to 38920.

Energy Markets

Crude Oil Futures

In the Energy space, Oil futures were trading firm today. The Brent Crude Futures was trading at 84.778, up 0.08%. The WTI Crude Futures was trading at 80.59, up 0.06%.

Spot Prices Slightly Up

• Brent Crude (UKOIL) increased by 0.12% to $84.81 a barrel.
• WTI Crude (OIL) soared by 0.11% to $80.615 a barrel.
• Natural Gas (NATGAS) surged 0.22% to $1.855/tu.

Precious Metals Soar

• Gold (XAUUSD) surged 0.296% to 2168.6309.
• Silver (XAGUSD) soared by 1.36% to 25.1515.
• Platinum (XPTUSD) was flat at 927.6.

To Summarize

The Forex market saw the USD and JPY gaining ground while NZD and NOK fell. Asian markets were mixed, European markets were flat, and US markets dipped slightly. Energy prices saw modest gains, and precious metals like Gold and Silver experienced a significant rise.

_{Image by Freepik}