Forex Newsletter: Downbeat Start with Yen & Swiss Francs Edging

London: 25 October 2024 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets indicate a gloomy start this morning with Yen & Swiss Francs leading the pack in Forex, yet Kiwi & Aussie dipping against the US Dollar. Global indices are pessimistic, so are Crude Oil & Metals. Yet, Natural Gas made modest gains.

Let’s get sector-wise updates to deep-dive:

Key Takeaways

• Forex: JPY (Up 0.13%) & CHF (Up 0.07%) soared while NZD (Down 0.28%) & AUD (Down 0.22%) dipped vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) declined 0.44%, yet Hang Seng (HKG33) soared 1.52%.
• European Indices Dipped: FTSE (UK100) dropped 0.17%, CAC (FRA40) slipped 0.3%, & DAX (GER30) declined 0.39% at writing time.
• US Markets Slightly Down: S&P 500 (SPX500), Nasdaq (NAS100), & Dow Jones (USA30) dipped by less than 0.1%.
• Energy Markets Mixed: Brent Crude (UKOIL) & WTI Crude (OIL) had minor fluctuations, yet Natural Gas (NATGAS) surged 1.59%.
• Precious Metals Dropped: Gold (XAUUSD) slipped 0.31%, & Silver (XAGUSD) dipped 0.54%.

G10 Forex

JPY & CHF are Top Gainers

In the G10 FX Market, the Japanese Yen (JPY: Surged 0.13%) and Swiss Francs (CHF: Soared 0.07%) are the top gainers today versus the US Dollar (USD).

NZD & AUD are Top Laggers

On the other hand, the New Zealand Dollar (NZD: Dipped 0.28%) and Australian Dollar (AUD: Slipped 0.22%) are the top losers versus the US Dollar (USD).

Forex Daily Pivot Points

Global Indices Downbeat

Asian Markets Mixed

In Asian equities, markets were trading mixed today.

• The Nikkei (JPN225) was trading at 37848.5, down 0.44%.
• The Hang Seng (HKG33) was trading at 20742.5, up 1.52%.

European Indices Declined

In the European equities, indices were trading weaker today.

• The FTSE (UK100) was trading at 8270.8496, down 0.17%.
• The CAC (FRA40) was trading at 7472.9502, down 0.3%.
• The DAX (GER30) was trading at 19373.0, down 0.39%.

US Equities Futures Slipped

Looking at Equity Futures so far, the SP500 Futures was trading at 5815.5498, down 0.07%.

Popular US Indices Narrowly Dipped

• Standard & Poor’s 500 (SPX500) slightly dipped by 0.08% to 5816.45.
• Nasdaq (NAS100) was almost unchanged at 20260.1.
• Dow Jones Industrial Average (USA30) slightly slipped by 0.09% to 42409.9.

Energy Markets

Crude Oil Futures Mixed

In the Energy space, Oil futures were trading mixed today. The Brent Crude Futures was trading at 74.245, up 0.01%. The WTI Crude Futures was trading at 70.29, down 0.06%.

Spot Prices Mixed

• Brent Crude (UKOIL) traded flat at $74.2485 a barrel.
• WTI Crude (OIL) was almost unchanged at $70.26 a barrel.
• Natural Gas (NATGAS) surged 1.59% to $3.0645/MMBtu.

Precious Metals Declined

• Gold (XAUUSD) dipped 0.31% to 2727.74.
• Silver (XAGUSD) dropped 0.54% to 33.4925.

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 financial news and updates as the trading day progresses.

_{We compared the Live Rates at about 05:39 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Joshua Mayo on Unsplash}