Forex Newsletter: Downbeat Beginning - USD & JPY Leading

London: 27 January 2025 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets indicated a pessimistic start. The US Dollar and the Yen soared, while the Norwegian Krone and the New Zealand Dollar dipped. Asian indices were mixed. European and US indices, energy, and precious metals experienced significant declines.

Let’s go through the sector-wise updates for more details:

Key Takeaways

• Forex: USD & JPY surged, while NOK (Down 0.51%) & NZD (Down 0.49) declined vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) dropped 1.86%, while Hang Seng (HKG33) gained 0.4%.
• European Indices Dropped: FTSE (UK100) was down 0.36%, CAC (FRA40) dropped 0.64%, and DAX (GER30) dipped 0.39%.
• US Markets Down: S&P 500 (SPX500) dipped 1.59%, Nasdaq (NAS100) dropped 2.83%, and Dow Jones (USA30) slipped 0.82%.
• Energy Markets Dropped: Brent Crude (UKOIL) dipped 0.52%, WTI Crude (OIL) slipped 0.46%, and Natural Gas (NATGAS) dropped 4.97%.
• Precious Metals Dipped: Gold (XAUUSD) dipped 0.66%, and Silver (XAGUSD) declined 1.37%.

G10 Forex

USD & JPY are Top Gainers

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

NOK & NZD are Top Laggers

Conversely, Norwegian Krone (NOK: dropped 0.51%) and New Zealand Dollar (NZD: dipped 0.49%) are today’s top losers versus the US Dollar (USD).

Forex Daily Pivot Points

Global Indices Mostly Down

Asian Markets Mixed

In Asian equities, markets were trading mixed today.

• The Nikkei (JPN225) was trading at 39507.8008, down 1.86%.
• The Hang Seng (HKG33) traded at 20204.4004, up 0.4%.

European Indices Weak

In the European equities, indices were trading weaker today.

• The UK’s FTSE 100 (UK100) dipped 0.36% to 8452.7402.
• France’s CAC 40 (FRA40) dropped 0.64% to 7841.8999.
• Germany’s DAX 30 (GER30) slipped 0.39% to 21234.5996.

US Equities Futures Declined

Looking at Equity Futures, the SP500 Futures was trading at 6019.2402, down 0.92%.

Popular US Indices Dropped

• Standard & Poor’s 500 (SPX500) dropped 1.59% to 6005.31.
• Nasdaq (NAS100) declined 2.83% to 21165.80.
• Dow Jones Industrial Average (USA30) dipped 0.82% to 44063.10.

Energy Markets

Crude Oil Futures Mixed

In the energy space, the oil futures traded mixed today. The Brent Crude Futures traded at 76.9995, down 0.73%. The WTI Crude Futures traded at 73.96, up 0.01%.

Spot Prices Declined

• Brent Crude (UKOIL) dipped 0.52% to $77.17 a barrel.
• WTI Crude (OIL) slipped 0.46% to $74.09 a barrel.
• Natural Gas (NATGAS) plummeted 4.97% to $3.26/MMBtu.

Precious Metals Lost Shine

• Gold (XAUUSD) declined 0.66% to 2752.63.
• Silver (XAGUSD) dropped 1.37% to 30.16.

To Summarize

Today’s Forex trading newsletter covers the status of various financial instruments across Forex, stock indices, and commodities at the morning bell. Stay tuned for the latest news as the trading day progresses.

_{We compared the Live Rates at about 08:10 AM GMT to the Friday Close Values to calculate the Percentage Differences. Image Courtesy: Dimitris Chapsoulas on Unsplash}