Morning Digest: Mixed Bag with Yen and Dollar Gains

London: 22 March 2024 (TraderMade): Global markets showcase a mixed bag today, as the markets await clear direction after interest rate decisions by various significant central banks in the last few days. Let’s dive deeper into various sectors:

Key Takeaways

• In G10 forex, Yen and Dollar shine, while Aussie and Kiwi decline.
• Asian equities dip, European and US markets are mixed.
• Crude oil slips, Natural Gas gains, and Precious Metals like Gold and Silver decline.

Forex

JPY and USD are top gainers in G10 Forex Today

The Japanese Yen (JPY) and the US Dollar (USD) gained against other major currencies.

USDJPY slightly declined to 151.5285.

EURUSD declined 0.24% to 1.0836.

EURJPY dropped 0.31% to 164.1535.

AUD and NZD are top laggers

The Australian Dollar (AUD) plummeted 0.65% (currently trading at 0.65278), and the New Zealand Dollar (NZD) declined 0.46% against the dollar (currently trading at 0.60162).

Forex Daily Pivot Points

Global Indices

Asian Markets

Today, Asian equities markets are weaker. The Nikkei 225 was trading at 41042.5, down -0.06% and the Hang Seng was trading at 16404.75, down -1.96%.

European Indices Flat

• The UK’s FTSE 100 (UK100) trades at 7904.95.
• France’s CAC 40 (FRA40) trades at 8177.15.
• Germany’s DAX 30 (GER30) trades at 18217.9.

US Equities Futures

Looking at Equity Futures so far, The SP500 Futures was trading at 5250.5996, down -0.08%.

Popular US Indices Flat

• Standard & Poor’s 500 (SPX500) trades flat at 5252.0996.
• Nasdaq (NAS100) trades flat at 18370.398.
• Dow Jones Industrial Average (USA30) is slightly down at 39881.

Energy Markets

Crude Oil Futures

In the Energy space, Oil futures were trading weaker today. The Brent Crude Futures were trading at 84.702, down 0.4%, and the WTI Crude Futures were trading at 80.383, down -0.59%.

Spot Prices

• Brent Crude (UKOIL) slipped 0.32% to $84.766 a barrel.
• WTI Crude (OIL) declined 0.31% to $80.468 a barrel.
• Natural Gas (NATGAS) increased almost 1% to $1.871/MMBtu.

Precious Metals

• Gold (XAUUSD) slipped 0.3% to 2174.6416.
• Silver (XAGUSD) plummeted 0.79% to 24.5535.

To Summarize

The Japanese Yen and US Dollar are strengthening against other major currencies. Meanwhile, Asian equities dip, while European and US markets remain flat. In commodities, Crude Oil prices are taking a hiatus while Natural Gas edges higher. Precious metals like Gold and Silver face some selling pressure.

Stay tuned for updates as the trading day progresses.

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