Morning Digest: Mixed Signals Across the Board.
London: 26 March 2024 (TraderMade): Global markets are sending mixed signals this morning. The Norwegian Krone and Euro are leading gains against the dollar. Here is a quick rundown of the various sectors:
Key Takeaways
- NOK and Euro gain 0.13% and 0.11% against the dollar, while CHF and AUD lose ground.
- Asian indices are mixed, with Nikkei sliding 0.07% and Hang Seng surging 0.26%.
- Europe trades flat, awaiting direction, and US indices are up. The SPX500 gained 0.13%, the Nasdaq edged up by 0.11%, and the Dow Jones slightly surged by 0.07%.
- In the Energy space, Brent and WTI crude oil dip while Natural Gas surges. Among precious metals, Gold trades flat, while Silver makes modest gains.
Forex
NOK and EUR are top gainers in G10 Forex Today
Norwegian Krone (NOK) gained 0.13% (Currently trading at 0.0934614), and Euro (EUR) gained 0.11% against the dollar (Currently trading at 1.08487).
CHF and AUD are top laggers
The Swiss Franc (CHF) lost 0.12% (it is currently trading at 10.70144), and the Australian Dollar (AUD) slightly slid by 0.02% against the dollar (it is currently trading at 0.65411).
Forex Daily Pivot Points
Global Indices
Asian Markets Mixed
In Asian equities, markets were trading mixed today. The Hang Seng was trading at 16514.25, up 0.26%, and the Nikkei 225 was trading at 40423.5, down 0.07%.
European Indices Flat
- The UK’s FTSE 100 (UK100) trades at 7930.55.
- France’s CAC 40 (FRA40) trades at 8160.45.
- Germany’s DAX 30 (GER30) trades at 18322.2.
US Equities Futures
Looking at Equity Futures so far, The SP500 Futures was trading at 5233.3496, up 0.04%.
Popular US Indices
- Standard & Poor’s 500 (SPX500) edged up 0.13%.
- Nasdaq (NAS100) gained 0.11%.
- Dow Jones Industrial Average (USA30) slightly surged by 0.07%.
Energy Markets
Crude Oil Futures
In the Energy space, Oil futures were trading mixed today. The Brent Crude Futures were trading at 86.117, up 0.03%, and the WTI Crude Futures were trading at 81.821, down 0.03%.
Spot Prices
- Brent Crude (UKOIL) slightly slipped by 0.08% to $86.017 a barrel.
- WTI Crude (OIL) dipped 0.12% to $81.723 a barrel.
- Natural Gas (NATGAS) surged 0.93% to $1.8545//MMBtu.
Precious Metals
- Gold (XAUUSD) trades flat at 2171.825.
- Silver (XAGUSD) slipped 0.38% to 24.587.
To Summarize
The Norwegian Krone and Euro are leading gains against the dollar, while the Swiss Franc and Aussie Dollar are lagging. Asian stocks see a mixed bag, with the Hang Seng surging while the Nikkei dips slightly.
European markets are currently flat, awaiting further direction. In the US, indices are all slightly positive so far.
Oil prices are mixed, with Brent Crude edging up and WTI Crude dipping slightly. Natural Gas, however, is experiencing a surge. Among precious metals, Gold remains flat, while Silver shows modest gains.
