Morning Digest: Positive Kickstart with AUD & NZD Gains.

London: 24 April 2024 (TraderMade): Welcome to today’s Morning Digest! The global financial markets paint a positive picture today, with commodity-based currencies like AUD & NZD shining, global indices up, crude oil edging up slightly, and gold and silver making modest gains. Let’s dive deeper into various sectors:

Key Takeaways

• In G10 Forex, commodity-based currencies AUD and NZD shined (up 0.49% and 0.23% against the dollar, respectively) while USD and JPY lagged behind other major currencies today.
• In Asia, Nikkei (JPN225) surged 0.95%, and Hang Seng (HKG333) surged 1.68%.
• In Europe, FTSE (UK100) surged 0.41%, CAC (FRA40) soared 0.36%, and DAX (GER30) gained 0.35%.
• Among the US equities, S&P 500 surged 0.3%, Nasdaq (NAS100) surged 0.48%, and Dow Jones (USA30) gained 0.12%.
• In the Energy space, Brent and WTI crude slightly gained while Natural Gas dipped 0.12%.
• Among precious metals, gold surged 0.29%, while silver soared 0.44%.

Forex

AUD and NZD are Top Gainers in G10 Forex Today

In the G10 FX Market, the Australian Dollar (AUD: surged 0.49%) and the New Zealand Dollar (NZD: soared 0.23%) are the top gainers today versus the dollar.

USD and JPY are Top Laggers

The US Dollar (USD) and Japanese Yen (JPY) are the top losers today, as they declined against other major currencies.

Forex Daily Pivot Points

Global Indices Positive

Asian Markets Surged

In Asian equities, markets were trading stronger today. The Nikkei 225 was trading at 38400.0, up 0.95%. The Hang Seng was trading at 17196.5, up 1.68%.

European Indices Up

• The UK’s FTSE 100 (UK100) surged 0.41% to 8120.9.
• France’s CAC 40 (FRA40) soared 0.36% to 8152.9.
• Germany’s DAX 30 (GER30) followed suit to surge 0.35% to 18280.5.

US Equities Futures Up

Looking at Equity Futures so far,The SP500 Futures was trading at 5095.5, up 0.22%.

Popular US Indices Gained

• Standard & Poor’s 500 (SPX500) surged 0.3% to 5095.
• Nasdaq (NAS100) increased by 0.48% to 17610.398.
• Dow Jones Industrial Average (USA30) soared 0.12% to 38605.

Energy Markets

Crude Oil Futures Strengthened

In the Energy space, Oil futures were trading stronger today. The WTI Crude Futures was trading at 83.304, up 0.06%. The Brent Crude Futures was trading at 87.535, up 0.05%.

Spot Prices Slightly Up

• Brent Crude (UKOIL) slightly gained to $87.565 a barrel.
• WTI Crude (OIL) narrowly surged to $83.334 a barrel.
• Natural Gas (NATGAS) declined 0.12% to $2.1575/MMBtu.

Precious Metals Gained

• Gold (XAUUSD) surged 0.29% to 2328.96.
• Silver (XAGUSD) surged 0.44% to 27.43.

To Summarize

The morning bell signals an optimistic kickstart to global financial markets today. In Forex, AUD and NZD gained against the greenback, Asia-Pacific, European, and US indices edged up, crude oil remained stable, and gold and silver made significant gains. Stay tuned to see if the positive uptrend continues as the trading day unfolds.