Forex Newsletter: Mixed Bag with JPY & CHF Gaining

London: 29 October 2024 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets indicate a mixed start this morning, with Yen & Swiss Francs leading the pack, while Aussie & Kiwi declined against the US Dollar. Global indices were downbeat. Crude Oil dipped, while Natural Gas, Gold, & Silver gained.

Here are the sector-wise updates for more details:

Key Takeaways

• Forex: JPY (Up 0.31%) & CHF (Up 0.05%) gained while AUD (Down 0.32%) & NZD (Down 0.16%) dipped vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) was unchanged, & Hang Seng (HKG33) dipped 0.43%.
• European Indices Slightly Soared: FTSE (UK100) was up 0.01%, CAC (FRA40) edged 0.06%, & DAX (GER30) also surged 0.04%.
• US Markets Dipped: S&P 500 (SPX500) slipped 0.08%, Nasdaq (NAS100) slightly declined by 0.02%, Dow Jones (USA30) dipped 0.13%.
• Energy Markets Mixed: Brent Crude (UKOIL) & WTI Crude (OIL) declined about 1%, yet Natural Gas (NATGAS) soared 0.19%.
• Precious Metals Surged: Gold (XAUUSD) increased 0.25%, & Silver (XAGUSD) soared 0.32%.

G10 Forex

JPY & CHF are Top Gainers

In the G10 FX Market, the Japanese Yen (JPY: Surged 0.31%) and Swiss Francs (CHF: Soared 0.05%) are the top gainers today versus the US Dollar (USD).

AUD & NZD are Top Laggers

On the other hand, commodity-based currencies, like the Australian Dollar (AUD: Dropped 0.32%) and New Zealand Dollar (NZD: Slipped 0.16%), are the top losers versus the US Dollar (USD).

Forex Daily Pivot Points

Global Indices Downbeat

Asian Markets Dipped

In Asian equities, markets are trading weakly today.

• The Nikkei (JPN225) was trading at nan, flat nan%.
• The Hang Seng (HKG33) dipped 0.43% to 20677.0.

European Indices Edged Slightly

In European equities, indices were trading stronger today.

• The UK’s FTSE 100 (UK100) edged 0.01% to 8301.5996.
• France’s CAC 40 (FRA40) soared 0.06% to 7574.5098.
• Germany’s DAX 30 (GER30) surged 0.04% to 19535.9004.

US Equities Futures Slipped

Looking at Equity Futures, the SP500 Futures was trading at 5829.0498, down 0.07%.

Popular US Indices Down

• Standard & Poor’s 500 (SPX500) slipped 0.08% to 5830.9004.
• Nasdaq (NAS100) slightly dipped by 0.02% to 20389.1.
• Dow Jones Industrial Average (USA30) dipped 0.13% to 42421.

Energy Markets

Crude Oil Futures Declined

In the energy space, oil futures trade is weak today. The Brent Crude Futures was trading at 71.0415, down 0.78%. The WTI Crude Futures was trading at 67.25, down 0.73%.

Spot Prices Mixed

• Brent Crude (UKOIL) decreased 0.95% to $70.9105 a barrel.
• WTI Crude (OIL) dippedabout 1% to $67.165 a barrel.
• Natural Gas (NATGAS) soared 0.19% to $2.9025/MMBtu.

Precious Metals Gained

• Gold (XAUUSD) soared 0.25% to 2749.995.
• Silver (XAGUSD) surged 0.32% to 33.769.

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 updates, as Germany’s GfK Consumer Confidence & US JOLTs Job Openings may influence the markets later today.

_{We compared the Live Rates at about 05:57 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Adam Nowakowski on Unsplash}