Morning Digest: Variability Seen as Yen and Dollar Strengthen

London: DD Month 2024 (TraderMade): Welcome to today's in-depth Morning Digest! The US Dollar and Japanese Yen are making waves in Forex, while oil prices show resilience. Take advantage of the Hang Seng's noteworthy surge! Let's delve into the day's market highlights.

Key Takeaways

• In G10 Forex, USD and JPY shine, while NZD and CHF lag 0.18% and 0.12% against the dollar, respectively.
• Asian indices are mixed, with Nikkei down by 0.58% and Hang Seng surging by 1.38%.
• Europe trades flat, awaiting direction, and US indices are down. The SPX500 lost 0.029%, the Nasdaq decreased by 0.018%, and the Dow Jones slightly went down by 0.045%.
• ·In the Energy space, Brent, WTI crude oil, and Natural Gas are showing moderate gains. Among precious metals, Gold trades a minimal surge, while Silver is down slightly.

Forex

USD and JPY are top gainers in G10 Forex Today

In the G10 FX Market, the US Dollar (USD) and Japanese Yen (JPY) are the top gainers today.

NZD and CHF are top laggers

New Zealand Dollar (NZD) and Swiss Franc (CHF) are the top losers, down 0.18% and 0.12% versus the dollar, respectively.

USDJPY trades at 151.2945. NZDCHF trades at 0.54241.

Forex Daily Pivot Points

Global Indices

Asian Markets

In the Asian equities, markets were trading mixed today. The Hang Seng was trading at 16678.25, up 1.38%. The Nikkei 225 was trading at 40151.0, down 0.58%.

European Indices Flat

• The UK's FTSE 100 (UK100) trades at 7966.95.
• France's CAC 40 (FRA40) trades at 8233.75.
• Germany's DAX 30 (GER30) trades at 18583.9.

US Equities Futures

Looking at Equity Futures so far, The SP500 Futures was trading at 5254.0498, up 0.05%.

Popular US Indices

• Standard & Poor's 500 (SPX500) down by 0.029%.
• Nasdaq (NAS100) decreased by 0.018%.
• Dow Jones Industrial Average (USA30) down by 0.045%.

Energy Markets

Crude Oil Futures

In the Energy space, Oil futures were trading stronger today. The Brent Crude Futures were trading at 85.81, up 0.25%, and the WTI Crude Futures were trading at 81.659, up 0.21%.

Spot Prices

• Brent Crude (UKOIL) surged by 0.13% to $85.712 a barrel.
• WTI Crude (OIL) increased by 0.08% to $81.558 a barrel.
• Natural Gas (NATGAS) is high by 0.53% to $1.7925//MMBtu.

Precious Metals

• Gold (XAUUSD) surged by 0.08% to 2196.72.
• Silver (XAGUSD) decreased by 0.2% to 24.602.

To Summarize

In G10 Forex, the USD and JPY led gains, outpacing NZD and CHF. Asian markets were mixed, with Hang Seng up 1.38% and Nikkei down 0.58%. European markets traded flat, and US indices like SPX500, Nasdaq, and Dow Jones declined slightly. Energy markets saw Brent and WTI crude oil up, while Gold rose and Silver dipped.