Morning Digest: Mixed Mosaic with USD & CAD Gaining

London: 17 May 2024 (TraderMade): Welcome to today’s Morning Digest! The global financial markets present a mixed mosaic this morning. In FX, USD & CAD lead the pack, and JPY & AUD dipped against the USD.

Global indices were mostly flat, Energy markets surged, and Precious Metals were mixed. Let's deep-dive into various sectors:

Key Takeaways

• USD and CAD shined, while JPY (dipped 0.27%) and AUD (dipped 0.21%) against the USD in forex today.
• Asian markets were mixed: The Nikkei (JPN225) surged 0.21%, while the Hang Seng (HKG33) dipped 0.93%.
• European indices unchanged: FTSE (UK100), CAC (FRA40), and DAX (GER30) traded flat.
• Popular US indices were flat: The S&P 500 slightly dipped by 0.093%, and the Nasdaq 100 and Dow Jones traded flat.
• Energy markets were stronger: Brent Crude (UKOIL) surged 0.196%, WTI Crude (OIL) soared 0.134%, and Natural Gas made modest gains, surging 3.127%.
• Precious Metals were Mixed: Gold surged 0.22%, Silver slightly dipped by 0.03%.

G10 Forex

USD and CAD are Top Gainers

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

JPY and AUD are Top Laggers

Japanese Yen (JPY: Down 0.27%) and Australian Dollar (AUD: Dipped 0.21%) are the top losers versus the dollar.

Forex Daily Pivot Points

Global Indices Mostly Unchanged

Asian Markets Mixed

In Asian equities, markets were trading mixed today. The Nikkei (JPN225) was trading at 38700.5, up 0.21%. The Hang Seng (HKG33) was trading at 19421.0, down 0.93%.

European Indices Flat

• The UK’s FTSE 100 (UK100) trades flat at 8434.5.
• France’s CAC 40 (FRA40) trades flat at 8153.5.
• Germany’s DAX 30 (GER30) trades flat at 18703.602.

US Equities Futures Slightly Slipped

Looking at Equity Futures so far, The SP500 Futures was trading at 5298.75, down 0.01%.

Popular US Indices Dipped or Flat

• Standard & Poor’s 500 (SPX500) slightly dipped by 0.093% to 5299.75.
• Nasdaq (NAS100) traded flat at 18580.852.
• Dow Jones Industrial Average (USA30) traded flat at 39874.

Energy Markets Stronger

Crude Oil Futures Strengthened

In the energy space, the oil futures trade is stronger today. The Brent Crude Futures were trading at 83.318, up 0.22%, and the WTI Crude Futures were trading at 79.0, up 0.11%.

Spot Prices Soared

• Brent Crude (UKOIL) surged 0.196% to $83.297 a barrel.
• WTI Crude (OIL) soared 0.134% to $78.985 a barrel.
• Natural Gas (NATGAS) surged 3.127% to $2.671/MMBtu.

Precious Metals Mixed

• Gold (XAUUSD) surged 0.22% to 2381.8096.
• Silver (XAGUSD) slightly dipped by 0.03% to 29.6805.

To Summarize

The financial markets paint a mixed mosaic at the morning bell. The USD, CAD, Crude Oil, Natural Gas, and Gold continued their upward trend. Stay tuned for more updates as the trading day unfolds.

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