Morning Digest: Mixed Mosaic with NZD, AUD, and Global Stocks Up

London: 22 April 2024 (TraderMade): Welcome to today’s Morning Digest! The global markets send mixed signals, with commodity currencies like NZD and AUD leading the pack in Forex. Similarly, global stocks shine with Hang Seng, and major European and US indices are making modest gains. Yet, commodities are losing ground. Let’s dive deeper into various sectors:

Key Takeaways

• In G10 Forex, NZD (up 0.35%) and AUD (up 0.21%) gained, while CHF (Down 0.17%) and NOK (Down 0.04%) declined versus the dollar, respectively.
• In Asia, Nikkei (JPN225) was slightly down (0.02%), while Hang Seng (HKG33) surged significantly (1.42%).
• Significant European indices, such as the FTSE (UK100), CAC (FRA40), and DAX (FER30), surged by almost 0.5% each.
• US stock markets indicated an optimistic start, with SPX500 surging 0.4%, Nasdaq (NAS100) surging 0.61%, and Dow Jones (USA30) surging 0.21%.
• Energy markets are down, with Brent and WTI declining by over 1% and Natural Gas dipping by 0.13%.
• Precious metals lost shine, with Gold declining by over 1% and Silver dipping by 2.68%.

Forex

NZD and AUD are top gainers in G10 Forex Today

In the G10 FX Market, the New Zealand Dollar (NZD: surged 0.35%) and the Australian Dollar (AUD: Soared 0.21%) are the top gainers today versus the dollar.

CHF and NOK are top laggers

Swiss francs (CHF: Down 0.17%) and Norwegian Krone (NOK: Down 0.04%) are the top losers versus the dollar, respectively.

Forex Daily Pivot Points

Global Indices Optimistic

Asian Markets Mixed

In Asian equities, markets were trading mixed today. The Hang Seng was trading at 16538.0, up 1.42%, and the Nikkei 225 was trading at 37234.0, down 0.02%.

European Indices Surged

• The UK’s FTSE 100 (UK100) surged 0.43% to 7980.7.
• France’s CAC 40 (FRA40) soared 0.44% to 8068.9.
• Germany’s DAX 30 (GER30) surged 0.57% to 17866.398.

US Equities Futures Slightly Down

Looking at Equity Futures so far, The SP500 Futures was trading at 4986.4502, down 0.05%.

Popular US Indices Edged Up

• Standard & Poor’s 500 (SPX500) surged 0.4% to 4989.45.
• Nasdaq (NAS100) soared 0.61% to 17146.398.
• Dow Jones Industrial Average (USA30) edged up by 0.21% to 38113.

Energy Markets

Crude Oil Futures Traded Weaker

In the energy space, oil futures trade is weaker today. The WTI Crude Futures were trading at 81.346, down 0.57%, and the Brent Crude Futures were trading at 85.815, down 0.87%.

Spot Prices Dipped

• Brent Crude (UKOIL) plummeted 1.1% to $85.617 a barrel.
• WTI Crude (OIL) was down by 1.13% to $81.16099 a barrel.
• Natural Gas (NATGAS) declined 0.13% to $1.991/MMBtu.

Precious Metals Slipped

• Gold (XAUUSD) slipped 1.08% to 2365.075.
• Silver (XAGUSD) plummeted 2.86% to 27.867.

To Summarize

It was a mixed bag at the morning bell today, with commodity currencies like NZD and AUD gaining, global stocks shining; crude oil and precious metals losing ground. We will keep you updated as the trading day unfolds.