Morning Digest: Mixed Bag with EUR & GBP Gaining

London: 11 June 2024 (TraderMade): Welcome to today's Morning Digest! The global financial markets show up a mixed bag this morning with some major currencies leading while some declining against the US Dollar. Global indices were mixed (mostly unchanged); Crude Oil, Gold, and Silver lost ground. Let's deep dive into sector-wise updates:

Key Takeaways

• Forex: EUR (Up .03%) & GBP (Up 0.03%) soared, while AUD (Down 0.17%) & JPY (Down 0.16%) declined against the USD today.
• Asia-Pacific Mixed: Nikkei (JPN225) edged up 0.04%,and Hang Seng (HKG33) traded flat.
• European Indices Almost Flat: FTSE (UK100) slightly dipped, while CAC (FRA40) and DAX (GER30) narrowly edged up.
• US Markets Slightly Up: S&P 500 (SPX500), Nasdaq (NAS100), and Dow Jones (USA30) slightly edged up.
• Energy Markets: Brent Crude (UKOIL) and WTI Crude (OIL) plummeted 0.82% each, while Natural Gas (NATGAS) surged 1.33% today.
• Precious Metals Lost Shine: Gold (XAUUSD) slipped 0.48%, while Silver (XAGUSD) declined 2.04%.

G10 Forex

EUR & GBP are Top Gainers

In the G10 FX Market, the Euro (EUR: Surged 0.03%) and British Pound (GBP: Soared 0.03%) are the top gainers today versus the dollar (USD).

AUD & JPY are Top Laggers

The Australian Dollar (AUD: Slipped 0.17%) and the Japanese Yen (JPY: Declined 0.16%) are today's top losers versus the dollar (USD).

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Mixed

In Asian equities, markets were trading mixed today. The Nikkei 225 was trading at 39159.5, up 0.04%, and the Hang Seng was trading flat at 18043.0.

European Indices Flat

• The UK's FTSE 100 (UK100) slightly dipped 0.05% to 8246.
• France's CAC 40 (FRA40) narrowly edged up by 0.03% to 7910.1.
• Germany's DAX 30 (GER30) narrowly edged up by 0.05% to 18520.4.

US Equities Futures Flat

Looking at Equity Futures so far, The SP500 Futures was trading flat at 5361.0498.

Popular US Indices Slightly Edged Up

• Standard & Poor's 500 (SPX500) slightly edged up 0.03% to 5365.3496.
• Nasdaq (NAS100) slightly increased to 19087.4.
• Dow Jones Industrial Average (USA30) slightly increased to 38860.

Energy Markets

Crude Oil Futures Weakened

In the Energy space, Oil futures were trading weaker today. The WTI Crude Futures was trading at 77.285, down 0.49%. The Brent Crude Futures was trading at 81.33, down 0.76%.

Crude Oil Spot Prices Declined, NATGAS Gained

• Brent Crude (UKOIL) dipped 0.82% to $81.28 a barrel.
• WTI Crude (OIL) also decreased 0.82% to $77.215 a barrel.
• Natural Gas (NATGAS) surged 1.33% to $3.0575/MMBtu.

Precious Metals Lost Shine

• Gold (XAUUSD) slipped 0.48% to 2299.9292.
• Silver (XAGUSD) declined 2.04% to 29.145.

To Summarize

Today's Morning Digest presents sector-wise updates across forex, stocks, and commodities to help you strategize your trading day accordingly. Stay tuned as we bring more latest updates as the trading day progresses.