Morning Digest: Global Markets Gain Momentum: Aussie & Gold Shine

London: 15 April 2024 (TraderMade): Global markets are beginning the week on a positive note, with AUD, SEK, stocks, and precious metals edging higher while the energy market loses momentum. Here's a quick snapshot of the action:

Key Takeaways

• AUD (up 0.4%) & SEK (up 0.3%) shine while USD and JPY decline in the forex market today.
• Asian markets strengthened today, with Nikkei (JPN225) up by 0.45% and Hang Seng (HKG33) gaining 0.93%.
• European and US Indices gain by about 0.4%.
• In the Energy space, Brent and WTI crude oil declined by about 0.5%, while Natural Gas traded flat.
• Gold gained by 0.63%, while Silver surged by 2.19%.

Forex

AUD and SEK are top gainers in G10 Forex Today

In the G10 FX Market, the Australian Dollar (AUD) and Swedish Krona (SEK) are the top gainers today, up 0.4% and 0.3% versus the dollar. The Australian dollar is rising ahead of US retail sales data, which is expected today.

AUDUSD is trading at 0.64877.

USDSEK is trading at 10.85239.

USD and JPY are top laggers

USD and JPY are the top losers, as they declined against the other major currencies today. The Japanese Yen continues its downward trend and slips to around 154 against the dollar.

USDJPY trades at 153.839.

Forex Daily Pivot Points

Global Indices

Asian Markets Strengthen

In Asian equities, markets were trading stronger today. The Nikkei 225 was trading at 39195.0, up 0.45%. The Hang Seng was trading at 16590.0, up 0.97%.

European Indices Gain

The UK's FTSE 100 rallied 2 days ago on GDP growth and US Rate-Cut Rethink. European stocks and indices closed slightly higher.

• The UK's FTSE 100 (UK100) surged 0.43% to 7985.3.
• France's CAC 40 (FRA40) soared 0.56% to 8029.8.
• Germany's DAX 30 (GER30) edged up by 0.59% to 18018.5.

_{Percentage change is calculated comparing Sunday Close.}

US Equities Futures Rose

Looking at Equity Futures so far, The SP500 Futures was trading at 5147.4502, up 0.08%.

Popular US Indices Shine

• Standard & Poor's 500 (SPX500) surged 0.41% to 5148.95.
• Nasdaq (NAS100) soared 0.41% to 18102.2.
• Dow Jones Industrial Average (USA30) increased 0.37% to 38146.

Energy Markets

Crude Oil Futures Plummet

In the energy space, oil futures trade is weak today. The Brent Crude Futures was trading at 89.537, down 0.12%, and the WTI Crude Futures was trading at 84.752, down 0.35%.

Spot Prices

• Brent Crude (UKOIL) declined 0.46% to $89.233 a barrel.
• WTI Crude (OIL) plummeted 0.51% to $84.494 a barrel.
• Natural Gas (NATGAS) traded flat at $1.982/MMBtu.

Precious Metals

• Gold (XAUUSD) surged 0.63% to 2359.69.
• Silver (XAGUSD) gained 2.19% to 28.5565.

To Summarize

The morning bell indicates optimism for global markets today. Aussie and Swedish Krona lead the pack in forex, while Asian, European, and US indices record modest gains. Though crude oil and natural gas lost ground, gold and Silver continued their upward trend. Stay tuned for the latest updates as the trading day unfolds.