Morning Digest: Mixed Start with Yen & Aussie Gains

London: 3 May 2024 (TraderMade): Welcome to today’s Morning digest! The global financial markets painted a mixed picture this morning; as the yen and Aussie stretched their muscles, global indices were mixed, and crude oil, gold, and Silver gained ground. Here’s the latest update across various sectors:

Key Takeaways

• JPY (up 0.51%) and AUD (up 0.2%) are the top gainers in G10 Forex today, while CAD and USD are the top losers.
• Asian markets dipped, with the Nikkei (JPN225) declining 0.29% and the Hang Seng (HKG33) declining 0.72%.
• European indices, such as the FTSE (UK100), CAC (FRA40), and DAX (GER30), trade flat.
• US indices were mixed, as Nasdaq (NAS100) slightly edged up by 0.08%, yet Standard & Poor’s 500 (SPX500) dipped 0.11%, and Dow Jones (USA30) also slightly dipped.
• In the energy markets, Brent crude oil surged 0.23%, WTI crude oil soared 0.17%, and natural gas soared 0.26%.
• Among Precious Metals, Gold surged 0.17%, while Silver surged 0.22%.

G10 Forex

JPY and AUD are Top Gainers

In the G10 FX Market, the Japanese Yen (JPY: surged 0.51%) and the Australian Dollar (AUD: Soared 0.2%) are the top gainers today versus the dollar.

CAD and USD are Top Laggers

The Canadian Dollar (CAD) and the US Dollar (USD) are the top losers, as they declined against the other major currencies.

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Dipped

Today, Asian equities markets are weaker. The Nikkei 225 was trading at 37823.0, down 0.29%, and the Hang Seng was trading at 18445.0, down 0.72%.

European Indices Flat

• The UK’s FTSE 100 (UK100) trades flat at 8195.3.
• France’s CAC 40 (FRA40) trades flat at 7939.8.
• Germany’s DAX 30 (GER30) trades flat at 17980.8.

US Equities Futures Declined

Looking at Equity Futures so far, The SP500 Futures was trading at 5077.5, down 0.07%.

Popular US Indices Mixed

• Standard & Poor’s 500 (SPX500) dipped 0.11% to 5079.75.
• Nasdaq (NAS100) slightly edged up by 0.08% to 17653.648.
• Dow Jones Industrial Average (USA30) slightly dipped to 38476.

Energy Markets

Crude Oil Futures Mixed

In the energy space, oil futures are trading mixed today. The Brent Crude Futures were trading at 83.769, up 0.19%, and the WTI Crude Futures were trading at 78.949, down 0.02%.

Spot Prices Surged

• Brent Crude (UKOIL) surged 0.23% to $83.802 a barrel.
• WTI Crude (OIL) soared 0.17% to $78.981 a barrel.
• Natural Gas (NATGAS) surged 0.26% to $2.1535/MMBtu.

Precious Metals Gained Ground

• Gold (XAUUSD) surged 0.17% to 2307.865.
• Silver (XAGUSD) surged 0.22% to 26.7395.

To Summarize

The global markets indicate a mixed start at the morning bell today. Yen & Aussie shined in G10 Forex, Crude Oil, Natural Gas, Gold, and Silver Surged, while global indices are mixed. Stay tuned for the latest updates as the trading day unfolds.