Morning Digest: Mixed Start with Commodity-Based Currencies & Commodities Dipping
London: 17 June 2024 (TraderMade): Welcome to today’s Morning Digest! The global financial markets show a mixed mosaic this morning. Commodity-based currencies, like NZD and AUD, dipped; Commodities, including Crude Oil, Natural Gas, Gold, and Silver, declined. Let’s take you through the sector-wise updates:
Key Takeaways
- Forex: USD & EUR surged, while NZD & AUD dipped 0.32% & 0.22% versus the dollar (USD).
- Asia-Pacific: Nikkei (JPN225) dipped 0.96%, Hang Seng (HKG33) soared 0.87%.
- European Indices Optimistic: FTSE (UK100) soared 0.19%, CAC (FRA40) gained 0.46%, and DAX (GER30) surged 0.28%.
- US Markets Flat: S&P 500 (SPX500), Nasdaq (NAS100), and Dow Jones (USA30) traded flat at writing time.
- Energy Markets Declined: Brent Crude (UKOIL) dipped 0.46%, WTI Crude (OIL) dropped 0.51%, while Natural Gas (NATGAS) declined 2.43%.
- Precious Metals Lost Shine: Gold (XAUUSD) dipped 0.63%, while Silver (XAGUSD) plummeted 1.61%.
G10 Forex
USD & EUR are Top Gainers
In the G10 FX Market, the US Dollar (USD) and Euro (EUR) surged against the other major currencies.
NZD & AUD are Top Laggers
The New Zealand Dollar (NZD: Dipped 0.32%) and the Australian Dollar (AUD: Dropped 0.22%) are the top losers versus the dollar (USD).
Forex Daily Pivot Points
Global Indices Mixed
Asian Markets Mixed
In Asian equities, markets were trading mixed today. The Hang Seng (HKG33) traded at 17964.5, up 0.96%. The Nikkei (JPN225) was trading at 38113.0, down 0.87%.
European Indices Flat
In European equities, indices were trading mixed today. The FTSE 100 surged 0.19% to 8191.8003. The CAC 40 surged 0.46% to 7518.2. The DAX 30 soared 0.28% to 18040.25.
US Equities Futures Flat
Looking at Equity Futures, The SP500 Futures was trading flat at 5435.8501.
Popular US Indices Flat
- Standard & Poor’s 500 (SPX500) traded flat at 5430.85.
- Nasdaq (NAS100) traded flat at 19673.2.
- Dow Jones Industrial Average (USA30) traded flat at 38559.
Energy Markets Declined
Crude Oil Futures Dipped
In the Energy space, Oil futures were trading weak today. The WTI Crude Futures was trading at 77.685, down 0.19%. The Brent Crude Futures was trading at 81.93, down 0.38%.
Spot Prices Dipped
- Brent Crude (UKOIL) dipped 0.46% to $81.87 a barrel.
- WTI Crude (OIL) declined 0.51% to $77.655 a barrel.
- Natural Gas (NATGAS) lost 2.43% to $2.887/MMBtu.
Precious Metals
- Gold (XAUUSD) declined 0.63% to 2318.0786.
- Silver (XAGUSD) dipped 1.61% to 29.0855.
To Summarize
Today’s Morning Digest covers sector-wise updates at the morning bell across Forex, Stocks, and Commodities Markets. Stay tuned for the latest updates as the trading day unfolds.
