Forex Newsletter: Downbeat Start with Yen Dollar Soaring

London: 17 December 2024 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets indicated a downbeat start today, with JPY & USD leading the pack in Forex. Asian indices were mixed, yet European & US markets declined. The Energy & Precious Metals markets also declined.

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

Key Takeaways

• Forex: JPY & USD surged while AUD & NZD dropped 0.37% each vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) soared 0.43%, & Hang Seng (HKG33) dropped 0.15%.
• European Indices Down: FTSE (UK100) dipped 0.11%, CAC (FRA40) slipped 0.14%, & DAX (GER30) declined 0.28%.
• US Markets Dropped: S&P 500 (SPX500) slipped 0.23%, Nasdaq (NAS100) dipped 0.18%, & Dow Jones (USA30) declined 0.22%.
• Energy Markets Dipped: Brent Crude (UKOIL) declined 0.7%, WTI Crude (OIL) dropped 0.8%, & Natural Gas (NATGAS) dipped 0.38%.
• Precious Metals Slipped: Gold (XAUUSD) dipped 0.33%, & Silver (XAGUSD) slipped 0.87%.

G10 Forex

JPY & USD are Top Gainers

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

AUD & NZD are Top Laggers

On the other hand, the Australian Dollar (AUD: Dipped 0.37%) and the New Zealand Dollar (NZD: Dropped 0.37%) are the top losers versus the US Dollar (USD).

Forex Daily Pivot Points

Global Indices

Asian Markets Mixed

In the Asian equities, markets were trading mixed today.

• The Nikkei (JPN225) was trading at 39432.6016, down 0.43%.
• The Hang Seng (HKG33) was trading at 19728.0996, up 0.15%.

European Indices Dropped

In European equities, indices were trading weak today.

• The FTSE (UK100) was trading at 8245.8896, down 0.11%.
• The CAC (FRA40) was trading at 7340.04, down 0.14%.
• The DAX (GER30) was trading at 20296.4004, down 0.28%.

US Equities Futures Slipped

Looking at Equity Futures so far, the SP500 Futures was trading at 6086.4199, down 0.06%.

Popular US Indices Declined

• Standard & Poor’s 500 (SPX500) dipped 0.23% to 6079.91.
• Nasdaq (NAS100) slipped 0.18% to 22135.2.
• Dow Jones Industrial Average (USA30) dropped 0.22% to 43749.9.

Energy Markets

Crude Oil Futures Strengthened

In the Energy space, Oil futures were trading stronger today. The WTI Crude Futures was trading at 70.495, up 0.49%. The Brent Crude Futures was trading at 73.8775, up 0.34%.

Spot Prices

• Brent Crude (UKOIL) dropped 0.7% to $73.113 a barrel.
• WTI Crude (OIL) declined 0.8% to $69.64 a barrel.
• Natural Gas (NATGAS) slipped 0.38% to $3.0525/MMBtu.

Precious Metals Lost Shine

• Gold (XAUUSD) dipped 0.33% to 2644.28.
• Silver (XAGUSD) dropped 0.87% to 30.2545.

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 from the financial world as the trading day unfolds.

_{We compared the Live Rates at about 09:13 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Freepik}