Morning Digest: Greenbacks Gain Ground, Global Indices Hold Steady
London: 29 March 2024 (TraderMade): Global financial markets are at the most flat today except for moderate gains for USD, JPY - and minor losses to SEK and AUD in forex and a slight uptick of Brent Crude in energy markets. Let’s have a look at various sectors:
Key Takeaways
- USD & JPY shine while SEK and AUD decline.
- Global indices are flat due to thin trading.
- Brent Crude slightly edged up, while precious metals like gold and silver.
Forex
USD and JPY are top gainers in G10 Forex Today
In the G10 FX Market, the US Dollar (USD) and Japanese Yen( JPY) are the top gainers today.
SEK and AUD are top laggers
Swedish Krona (SEK) and the Australian Dollar (AUD) are the top losers, down 0.12% and 0.12% versus the dollar, respectively.
Forex Daily Pivot Points
Global Indices Flat
Asian Markets
- Japan’s Nikkei (JPN225) trades flat at 40360.5.
- Hong Kong’s Hang Seng (HKG33) trades flat at 16586.25.
European Indices Flat
- The UK’s FTSE 100 (UK100) trades at 7986.25.
- France’s CAC 40 (FRA40) trades at 8223.55.
- Germany’s DAX 30 (GER30) trades at 18570.5.
Popular US Indices Flat
- Standard & Poor’s 500 (SPX500) trades at 5252.42.
- Nasdaq (NAS100) trades at 18261.898.
- Dow Jones Industrial Average (USA30) trades at 39817.
Energy Markets
Spot Prices
- Brent Crude (UKOIL) slightly edged up to $86.874 a barrel.
- WTI Crude (OIL) trades flat at $82.832 a barrel.
- Natural Gas (NATGAS) trades flat at $1.8265/MMBtu.
Precious Metals
- Gold (XAUUSD) slipped slightly to 2232.82.
- Silver (XAGUSD) trades flat at 24.966.
To Summarize
The US Dollar and Japanese Yen are flexing their muscles today, leading the gainers in the G10 currency market. Meanwhile, global stock indices are taking a hiatus with thin trading due to Good Friday. Keep an eye on Brent crude as it edges slightly higher while precious metals hold their ground.
