Forex Newsletter: Mixed Bag with AUD & NZD Soaring

London: 12 December 2024 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets indicate a mixed start today, with Aussie & Kiwi leading the pack in Forex, yet Yen & Dollar slipping. The global stock indices, energy markets, and precious metals were mixed.

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

Key Takeaways

• Forex: AUD (Up 0.81%) & NZD (Up 0.43%) soared vs USD, while JPY & USD are top laggers.
• Asia-Pacific Mixed: Nikkei (JPN225) slipped 0.32%, yet Hang Seng (HKG33) soared 1.53%.
• European Indices Down: FTSE (UK100) slipped 0.03%, CAC (FRA40) dipped 0.06%,& DAX (GER30) dropped 0.14%.
• US Markets Mixed: S&P 500 (SPX500) & Nasdaq (NAS100) were almost unchanged, yet Dow Jones (USA30) dipped 0.15%.
• Energy Markets Mixed: Brent Crude (UKOIL) surged 0.23%, WTI Crude (OIL) edged 0.14%, yet Natural Gas (NATGAS) slightly declined.
• Precious Metals: Gold (XAUUSD) narrowly slipped, yet Silver (XAGUSD) surged 0.85%.

G10 Forex

AUD & NZD are Top Gainers

In the G10 FX Market, the Australian Dollar (AUD: Soared 0.81%) and the New Zealand Dollar (NZD: soared 0.43%) are the top gainers today compared to the US Dollar (USD).

USD & JPY are Top Laggers

The top losers are the US Dollar (USD) and the Japanese Yen (JPY).

Forex Daily Pivot Points

Global Indices

Asian Markets Mixed

In Asian equities, markets were trading mixed today.

• The Nikkei (JPN225) was trading at 39848.8008, down 0.32%.
• The Hang Seng (HKG33) was trading at 20523.0996, up 1.53%.

European Indices Dropped

In European equities, indices were trading weak today.

• The UK’s FTSE 100 (UK100) slipped 0.03% to 8329.0996.
• France’s CAC 40 (FRA40) dipped 0.06% to 7443.8999.
• Germany’s DAX 30 (GER30) declined 0.14% to 20397.9004.

US Equities Futures Slightly Dipped

Looking at Equity Futures, the SP500 Futures was trading at 6086.1299, down 0.02%.

Popular US Indices Mixed

• Standard & Poor’s 500 (SPX500) slightly dipped to 6085.13.
• Nasdaq (NAS100) narrowly edged to 21761.9.
• Dow Jones Industrial Average (USA30) dropped 0.15% to 44129.9.

Energy Markets

Crude Oil Futures Soared

Energy space, Oil futures were trading stronger today. The Brent Crude Futures was trading at 73.5125, up 0.12%. The WTI Crude Futures was trading at 70.0, up 0.09%.

Spot Prices Mixed

• Brent Crude (UKOIL) surged 0.23% to $73.5915 a barrel.
• WTI Crude (OIL) soared 0.14% to $70.11 a barrel.
• Natural Gas (NATGAS) narrowly dipped to $3.1925/MMBtu.

Precious Metals Mixed

• Gold (XAUUSD) dipped 0.05% to 2716.99.
• Silver (XAGUSD) surged 0.85% to 32.1765.

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 more updates as the ECB interest rate decision and US PPI announcements may influence the markets later today.

_{We compared the Live Rates at about 08:18 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Veli Yunus Unal on Unsplash}