Morning Digest: Mixed Start with AUD & USD Gaining
London: 18 June 2024 (TraderMade): Welcome to today's Morning Digest! The global financial markets showed a mixed bag this morning. AUD & USD gained in Forex; Global indices are mixed; Crude Oil dipped; Natural Gas slightly edged up; Gold and Silver gained momentum today. Let's take you through the sector-wise updates:
Key Takeaways
- Forex: AUD & USD lead the pack while NZD (Dipped 0.18%) & NOK (Slipped 0.12%) versus the dollar (USD).
- Asia-Pacific Dipped: Nikkei (JPN225) dipped 0.17%, Hang Seng (HKG33) declined 0.72%.
- European Indices Flat: FTSE (UK100), CAC (FRA40), and DAX (GER30) were trading flat at writing time.
- US Markets Slightly Edged Up: S&P 500 (SPX500), Nasdaq (NAS100), and Dow Jones (USA30) narrowly edged up today.
- Energy Markets Mixed: Brent Crude (UKOIL) and WTI Crude (OIL) declined 0.43%, while Natural Gas (NATGAS) surged 1% today.
- Precious Metals Gained Shine: Gold (XAUUSD) soared 0.18%, while Silver (XAGUSD) slightly edged up.
G10 Forex
AUD & USD are Top Gainers
In the G10 FX Market, the Australian Dollar (AUD) and the US Dollar (USD) are today's top gainers, as they surged against the other major currencies.
NZD & NOK are Top Laggers
The New Zealand Dollar (NZD: Dipped 0.24%) and Norwegian Krone (NOK: Slipped 0.18%) are the top losers versus the dollar (USD) today.
Forex Daily Pivot Points
Global Indices Mixed
Asian Markets Declined
In Asian equities, markets are trading weakly today. The Nikkei (JPN225) was trading at 38403.0, down 0.17%. The Hang Seng (HKG33) traded at 17864.5, down 0.72%.
European Indices Flat
- The UK's FTSE 100 (UK100) trades flat at 8177.5.
- France's CAC 40 (FRA40) trades flat at 7605.2.
- Germany's DAX 30 (GER30) trades flat at 18154.1.
US Equities Futures Dipped
Looking at Equity Futures, The SP500 Futures was trading at 5479.7002, down 0.12%.
Popular US Indices Slightly Edged Up
- Standard & Poor's 500 (SPX500) slightly edged up to 5481.7.
- Nasdaq (NAS100) narrowly edged higher to 19924.3.
- Dow Jones Industrial Average (USA30) slightly edged up to 38853.
Energy Markets
Crude Oil Futures Slipped
In the energy space, oil futures trade is weak today. The WTI Crude Futures were trading at 79.465, down 0.3%, and the Brent Crude Futures were trading at 83.55, down 0.55%.
Spot Prices
- Brent Crude (UKOIL) dipped 0.43% to $83.65 a barrel.
- WTI Crude (OIL) slipped 0.43% to $79.55 a barrel.
- Natural Gas (NATGAS) surged about 1% to $2.8925/MMBtu.
Precious Metals Gained Glimmer
- Gold (XAUUSD) soared 0.18% to 2323.3975.
- Silver (XAGUSD) slightly edged up to 29.47.
To Summarize
Today's Morning Digest covers the status of various financial instruments across Forex, Stocks, and Commodities at the morning bell. Stay tuned for more updates as the recently announced RBA interest rate decision may affect the market dynamics.
