Morning Digest: Mixed Mosaic with AUD & NOK Surging

London: 19 June 2024 (TraderMade): Welcome to today’s Morning Digest! The global financial markets present a mixed mosaic this morning. AUD & NOK lead the pack in Forex; Global indices were mixed; Crude Oil dipped; Natural Gas surged; Gold narrowly edged up; Silver declined. Let’s take you through sector-wise updates:

Key Takeaways

• Forex: AUD (Up 0.16%) & NOK (Up 0.06%) surged, while NZD (Dipped 0.14%) & EUR (Down 0.02%) versus the dollar (USD) today.
• Asia-Pacific Mixed: Nikkei (JPN225) dipped 0.41%, and Hang Seng (HKG33) surged 1.64%.
• European Indices Mostly Flat: FTSE (UK100) and DAX (GER30) traded flat, while CAC (FRA40) declined 0.17% at writing time.
• US Markets Broadly Unchanged: S&P 500 (SPX500), Nasdaq (NAS100), and Dow Jones (USA30) traded flat.
• Energy Markets Mixed: Brent Crude (UKOIL) and WTI Crude (OIL) slightly dipped, while Natural Gas (NATGAS) surged 0.54% today.
• Precious Metals Mixed: Gold (XAUUSD) slightly edged up, while Silver (XAGUSD) dipped 0.27% today.

G10 Forex

AUD & NOK are Top Gainers

In the G10 FX Market, the Australian Dollar (AUD: Gained 0.16%) and Norwegian Krone (NOK: Soared 0.06%) are the top gainers today versus the dollar (USD).

NZD & EUR are Top Laggers

The New Zealand Dollar (NZD: Dipped 0.14%) and the Euro (EUR: Slipped 0.02%) are the top losers compared to the dollar (USD).

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Mixed

In Asian equities, markets were trading mixed today. The Nikkei (JPN225) was trading at 38505.5, down 0.41%, and the Hang Seng was trading at 18326.0, up 1.64%.

European Indices Mostly Flat

• The UK’s FTSE 100 (UK100) trades flat at 8199.9.
• France’s CAC 40 (FRA40) dipped 0.17% to 7632.3.
• Germany’s DAX 30 (GER30) traded flat at 18151.55.

US Equities Futures Slightly Dipped

Looking at Equity Futures, The SP500 Futures was trading at 5497.25, down 0.05%.

Popular US Indices Mostly Flat

• Standard & Poor’s 500 (SPX500) traded flat at 5497.8.
• Nasdaq (NAS100) slightly edged up to 19958.8.
• Dow Jones Industrial Average (USA30) traded flat at 38870.5.

Energy Markets

Crude Oil Futures Slightly Declined

In the energy space, oil futures trade is weaker today. The WTI Crude Futures were trading at 80.65, down 0.04%, and the Brent Crude Futures were trading at 84.73, down 0.11%.

Spot Prices Mixed

• Brent Crude (UKOIL) slightly dipped to $84.78 a barrel.
• WTI Crude (OIL) slipped slightly to $80.685 a barrel.
• Natural Gas (NATGAS) surged 0.54% to $3.003/MMBtu.

Precious Metals Mixed

• Gold (XAUUSD) slightly inched up to 2329.989.
• Silver (XAGUSD) dipped 0.27% to 29.459.

To Summarize

Today’s Morning Digest covers the status of various financial instruments across Forex, Stock Indices, Energy, and Metals Markets at the morning bell. Stay tuned for the latest updates, as the recently announced UK inflation rate may alter the market dynamics.

_{Live Rates at about 06:06 AM GMT are compared to the Last Close to calculate percentage differences. Image Courtesy: Coinhako from Unsplash.}