Morning Digest: Mixed Mosaic with Commodity-Based Currencies Gaining

London: 31 May 2024 (TraderMade): Welcome to today’s Morning Digest! The global financial markets paint a mixed mosaic this morning. NZD & CAD dominated the forex, while EUR & CHF dipped. Global indices mostly declined except Nikkei and Dow Jones. Yet, commodities dipped. Let’s take a glance at sector-wise details:

Key Takeaways

• Forex: NZD (Up 0.22%) CAD (Up 0.09%) gained, while EUR (Down 0.13%) & CHF (Down 0.1%) dipped against the USD today.
• Asia-Pacific Mixed: Nikkei (JPN225) surged 0.86%, Hang Seng (HKG33) dipped 0.37%.
• European Indices Flat: FTSE (UK100), CAC (FRA40), and DAX (GER30) traded flat at writing time.
• US Markets Mixed: S&P 500 (SPX500) dipped 0.13%, Nasdaq (NAS100) slipped 0.24%, and Dow Jones (USA30) slightly edged up by 0.02%.
• Energy Markets Down: Brent Crude (UKOIL) dipped 0.09%, WTI Crude (OIL) was down 0.15%, and Natural Gas (NATGAS) declined 0.44%.
• Precious Metals: Gold (XAUUSD) slightly edged up, and Silver (XAGUSD) dipped 0.3%.

G10 Forex

NZD & CAD are Top Gainers

In the G10 FX Market, the New Zealand Dollar (NZD) and Canadian Dollar (CAD) are the top gainers today, up 0.22% and 0.09% versus the dollar (USD).

EUR & CHF are Top Laggers

Euro (EUR) and Swiss Francs (CHF) are the top losers, down 0.13% and 0.1% versus the dollar, respectively.

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Mixed

In Asian equities, markets were trading mixed today. The Nikkei (JPN225) was trading at 38464.0, up 0.86%. The Hang Seng (HKG33) was trading at 18388.0, down 0.37%.

European Indices Flat

• The UK’s FTSE 100 (UK100) trades flat at 8241.2 at writing time.
• France’s CAC 40 (FRA40) trades flat at 7982.8.
• Germany’s DAX 30 (GER30) trades flat at 18493.1.

US Equities Futures Slightly Edged Up

Looking at Equity Futures so far, The SP500 Futures was trading at 5235.0996, up 0.07%.

Popular US Indices Mixed

• Standard & Poor’s 500 (SPX500) dipped 0.13% to 5231.1504.
• Nasdaq (NAS100) slipped 0.24% to 18501.8.
• Dow Jones Industrial Average (USA30) slightly edged up by 0.02% to 38126.

Energy Markets

Crude Oil Futures Dipped

In the energy space, oil futures trade is weaker today. The WTI Crude Futures were trading at 77.545, down 0.08%, and the Brent Crude Futures were trading at 81.74, down 0.19%.

Spot Prices Declined

• Brent Crude (UKOIL) dipped 0.09% to $81.82 a barrel.
• WTI Crude (OIL) slid 0.15% to $77.61 a barrel.
• Natural Gas (NATGAS) slipped 0.44% to $2.582/MMBtu.

Precious Metals Mixed

• Gold (XAUUSD) slightly edged up to 2343.365.
• Silver (XAGUSD) slipped 0.3% to 31.0795.

To Summarize

The morning digest suggests that the global financial markets painted a mixed mosaic at the morning bell today. The article above covers various instruments in forex, stocks, and commodities. Yet, this is just the beginning. We will keep you updated with the latest financial news as the trading day progresses. So, stay tuned!