Forex Newsletter: Cautious Start with JPY & CHF Surging

London: 25 July 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate a mixed start, with JPY & CHF leading the pack in Forex, yet a downbeat start for global indices and commodities. Let’s take you through the sector-wise updates:

Key Takeaways

• Forex: Top Gainers: JPY (Up 0.65%) & CHF (Up 0.21%); Top Laggers: AUD (Down 0.56%) & NZD (Down 0.25%) versus the USD today.
• Asia-Pacific Dipped: Nikkei (JPN225) slipped 0.8%, and Hang Seng (HKG33) also declined 0.9%.
• European Indices Unchanged: FTSE (UK100), CAC (FRA40), and DAX (GER30) traded flat at writing time.
• US Markets Mixed: S&P 500 (SPX500) and Dow Jones (USA30) were almost unchanged, yet Nasdaq (NAS100) dipped 0.11% today.
• Energy Markets Mixed: Brent Crude (UKOIL) and WTI Crude (OIL) slipped about 0.6%, and Natural Gas (NATGAS) slightly dipped.
• Precious Metals Declined: Gold (XAUUSD) dipped 0.94%, and Silver (XAGUSD) declined 3.34% today.

G10 Forex

JPY & CHF are Top Gainers

In the G10 FX Market, Japanese Yen (JPY: Surged 0.65%) and Swiss Francs (CHF: Soared 0.21%) are the top gainers today versus the dollar (USD).

AUD & NZD are Top Laggers

The Australian Dollar (AUD: Dipped 0.56%) and New Zealand Dollar (NZD: Slipped 0.25%) are the top losers versus the dollar (USD).

Forex Daily Pivot Points

Global Indices Down

Asian Markets Slipped

Today, Asian equities markets are weaker. The Nikkei (JPN225) was trading at 37939.5, down 0.8%, and the Hang Seng (HKG33) was trading at 17004.0, down 0.9%.

European Indices Flat

• The UK’s FTSE 100 (UK100) traded flat at 8142.9.
• France’s CAC 40 (FRA40) traded flat at 7484.5.
• Germany’s DAX 30 (GER30) traded flat at 18346.6.

US Equities Futures Dipped

Looking at Equity Futures so far, The SP500 Futures was trading at 5446.9502, down 0.03%.

Popular US Indices Mixed

• Standard & Poor’s 500 (SPX500) traded flat at 5443.75.
• Nasdaq (NAS100) dipped 0.11% to 19097.
• Dow Jones Industrial Average (USA30) was almost unchanged at 39973.

Energy Markets Mixed

Crude Oil Futures Weakened

In the Energy space, Oil futures were trading weaker today. The Brent Crude Futures were trading at 80.145, down 0.69%, and the WTI Crude Futures were trading at 76.59, down 0.77%.

Spot Prices Mixed

• Brent Crude (UKOIL) dipped 0.58% to $80.235 a barrel.
• WTI Crude (OIL) slipped 0.59% to $76.68 a barrel.
• Natural Gas (NATGAS) slightly edged up to $2.1755/MMBtu.

Precious Metals Lost Glimmer

• Gold (XAUUSD) plummeted 0.94% to 2375.06.
• Silver (XAGUSD) declined 3.34% to 27.9395.

To Summarize

Today’s forex trading newsletter covers the status of various financial instruments across forex, stock indices, and commodities at the morning bell. Global indices and commodities markets began with a downbeat stance. Stay tuned for further updates as the trading day progresses.

_{Live rates at about 05:54 AM GMT are compared to the Last Close Values to calculate the percentage differences. Image Courtesy: rawpixel.com on Freepik.}