Morning Digest: Mixed Bag with USD & Euro Gains

London: 10 May 2024 (TraderMade): Welcome to today’s Morning Digest! The global financial markets paint a mixed mosaic this morning, with USD & Euro leading the pack in G10 forex and global indices mixed.

At the same time, commodities, including crude oil, natural gas, gold, and silver, gained significantly. Here are sector-wise details:

Key Takeaways

• In G10 forex, USD & Euro shine, while AUD (dipped 0.18%) & NZD (dipped 0.17%) declined versus the dollar today.
• Asia Mixed: Nikkei (JPN225) slipped 0.7%, and Hang Seng (HKG33) surged 1.38%.
• Europe was Mixed: The FTSE (UK100) slightly declined, the CAC (FRA40) surged 0.41%, and the DAX (GER30) surged 0.14%.
• US indices, like the S&P 500 (SPX500), Nasdaq (NAS100), and Dow Jones (USA30), narrowly surged by about 0.1%.
• In the Energy space, Brent Crude (UKOIL) surged 0.3%, WTI Crude (OIL) surged 0.35%, and Natural Gas (NATGAS) surged 1.29%.
• Among Precious Metals, Gold and Silver surged by around 0.7%.

G10 Forex

USD and EUR are Top Gainers

In the G10 FX Market, the US Dollar (USD) and Euro (EUR) are the top gainers today, as they surged against the other major currencies.

AUD and NZD are Top Laggers

The Australian Dollar (AUD: Dipped 0.18%) and the New Zealand Dollar (NZD: Slipped 0.17%) are the top losers versus the dollar, respectively.

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Mixed

In Asian equities, markets were trading mixed today. The Hang Seng was trading at 18939.0, up 1.38%. The Nikkei 225 was trading at 38175.0, down 0.7%

European Indices Mixed

• The UK’s FTSE 100 (UK100) slightly slipped (0.07%) to 8407.1.
• France’s CAC 40 (FRA40) surged 0.41% to 8228.801.
• Germany’s DAX 30 (GER30) soared 0.14% to 18768.4.

US Equities Futures Slightly Edged Up

Looking at Equity Futures so far, The SP500 Futures was trading at 5222.1504, up 0.02%.

Popular US Indices Slightly Edged Up

• Standard & Poor’s 500 (SPX500) slightly edged up by 0.09% to 5222.9004.
• Nasdaq (NAS100) narrowly surged by 0.09% to 18144.102.
• Dow Jones Industrial Average (USA30) surged 0.1% to 39486.

Energy Markets

Crude Oil Futures Strengthened

In the energy space, the oil futures trade is stronger today. The Brent Crude Futures was trading at 84.181, up 0.3%. The WTI Crude Futures was trading at 79.501, up 0.3%.

Spot Prices Soared

• Brent Crude (UKOIL) surged 0.3% to $84.186 a barrel.
• WTI Crude (OIL) soared 0.35% to $79.488 a barrel.
• Natural Gas (NATGAS) surged 1.29% to $2.481/MMBtu.

Precious Metals Surged

• Gold (XAUUSD) surged 0.67% to 2361.7954.
• Silver (XAGUSD) soared 0.69% to 28.5325.

To Summarize

The global financial markets were mixed at the morning bell today, with USD and Euro making modest gains against the other major currencies. Global indices were mixed, while Energy and Precious Metals markets gained. Stay tuned for more updates as the trading day unfolds.