Morning Digest: Mixed Start with USD & CHF Gains
London: 30 April 2024 (TraderMade): Welcome to today’s Morning Digest! The global financial markets look pessimistic to start the day, as global indices declined, and crude oil, Gold, and Silver lost ground. Let’s dive deeper into various sectors:
Key Takeaways
- In G10 Forex, USD & CHF shine while NZD & AUD decline by 0.7% and 0.65% against the dollar, respectively.
- In Asian equities, Nikkei (JPN225) and Hang Seng (HKG33) both declined by 0.29% and 0.23%, respectively.
- European indices trade mixed today, as FTSE 100 (UK100) and DAX (GER30) edged up while CAC (FRA40) slightly declined.
- US indices, like S&P 500 (SPX500), Nasdaq 100 (NAS100), and Dow Jones (USA30) slightly declined.
- In the Energy space, Brent and WTI crude dipped by over 0.4%, while Natural Gas gained 1.36%.
- Precious metals lost shine as Gold declined 0.68% and Silver dipped 1.61%.
Forex
USD and CHF are Top Gainers in G10 Forex Today
In the G10 FX Market, the US Dollar (USD) and Swiss franc (CHF) are the top gainers today, as they made modest gains against other major currencies.
NZD and AUD are Top Laggers
The New Zealand Dollar (NZD: down 0.7%) and the Australian Dollar (AUD: down 0.65%) are the top losers versus the dollar.
Forex Daily Pivot Points
Global Indices Mostly Dipped
Asian Markets Declined
In Asian equities, markets were trading weaker today. The Hang Seng was trading at 17722.0, down 0.23%. The Nikkei 225 was trading at 38279.0, down 0.29%.
European Indices Mixed
- The UK’s FTSE 100 (UK100) surged 0.15% to 8180.7.
- France’s CAC 40 (FRA40) declined 0.09% to 8070.9.
- Germany’s DAX 30 (GER30) slightly edged up to 18177.1.
US Equities Futures Slipped
Looking at Equity Futures so far, The SP500 Futures was trading at 5112.25, down 0.1%.
Popular US Indices Slipped
- Standard & Poor’s 500 (SPX500) narrowly declined to 5114.5.
- Nasdaq (NAS100) slightly dipped to 17788.102.
- Dow Jones Industrial Average (USA30) slightly slipped to 38382.
Energy Markets
Crude Oil Futures Dipped
In the energy space, oil futures trade is weaker today. The WTI Crude Futures were trading at 82.064, down 0.33%, and the Brent Crude Futures were trading at 86.793, down 0.45%.
Oil Spot Prices Dipped
- Brent Crude (UKOIL) plummeted 0.43% to $86.808 a barrel.
- WTI Crude (OIL) dipped 0.5% to $82.067 a barrel.
- Natural Gas (NATGAS) gained 1.36% to $2.1635/MMBtu.
Precious Metals
- Gold (XAUUSD) declined 0.68% to 2319.665.
- Silver (XAGUSD) plummeted 1.61% to 26.707.
To Summarize
The morning bell today paints a mixed and mostly cautious picture, with the US Dollar and Swiss francs gaining in the G10 forex markets and Natural Gas gaining ground in the Energy sector. However, global indices, such as Gold and Silver, lost ground today. Stay with us for more updates as the trading day unfolds.
