Forex Newsletter: Mixed Bag with SEK & NOK Soaring

London: 23 December 2024 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets indicated a mixed start this morning, with SEK & NOK leading the pack in Forex. Asian & European indices were mixed, while US indices edged higher. The energy sector recorded modest gains, yet metals were mixed.

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

Key Takeaways

• Forex: SEK (Up 0.16%) & NOK (Up 0.13%) soared while JPY (Down 0.14%) & CAD (Down 0.09%) dipped vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) was up 0.41%, yet Hang Seng (HKG33) was down 0.08%.
• European Indices Mixed: FTSE (UK100) soared 0.05%, CAC (FRA40) slipped 0.03%, & DAX (GER30) dropped 0.13%.
• US Markets Up: S&P 500 (SPX500) soared 0.39%, Nasdaq (NAS100) surged 0.6%, & Dow Jones (USA30) rose 0.22%.
• Energy Markets Up: Brent Crude (UKOIL) soared 0.16%, WTI Crude (OIL) edged 0.14%, & Natural Gas (NATGAS) surged 2.04%.
• Precious Metals Mixed: Gold (XAUUSD) dipped 0.13%, & Silver (XAGUSD) soared 0.51%.

G10 Forex

SEK & NOK are Top Gainers

In the G10 FX Market, the Swedish Krona (SEK: Surged 0.16%) and Norwegian Krone (NOK: Soared 0.13%) are the top gainers today versus the US Dollar (USD).

JPY & CAD are Top Laggers

On the other hand, the Japanese Yen (JPY: Dropped 0.14%) and Canadian Dollar (CAD: Dipped 0.09%) are the top losers versus the US Dollar (USD).

Forex Daily Pivot Points

Global Indices

Asian Markets Mixed

In Asian equities, markets were trading mixed today.

• The Nikkei (JPN225) traded at 39220.1992, up 0.41%.
• The Hang Seng (HKG33) traded at 19870.1992, down 0.08%.

European Indices Mixed

In European equities, indices were trading mixed today.

• The UK’s FTSE 100 (UK100) edged 0.05% to 8104.02.
• France’s CAC 40 (FRA40) dipped 0.03% to 7294.0.
• Germany’s DAX 30 (GER30) slipped 0.13% to 19938.1992.

US Equities Futures Edged

Looking at Equity Futures, the SP500 Futures was trading at 5980.9502, up 0.17%.

Popular US Indices Soared

• Standard & Poor’s 500 (SPX500) soared 0.39% to 5968.05.
• Nasdaq (NAS100) surged 0.6% to 21470.90.
• Dow Jones Industrial Average (USA30) edged 0.22% to 43055.40.

Energy Markets

Crude Oil Futures Strengthened

In the Energy space, Oil futures were trading stronger today. The Brent Crude Futures was trading at 72.9215, up 0.35%. The WTI Crude Futures was trading at 69.7, up 0.3%.

Spot Prices Heated Up

• Brent Crude (UKOIL) soared 0.16% to $72.78 a barrel.
• WTI Crude (OIL) picked up 0.14% to $69.58 a barrel.
• Natural Gas (NATGAS) surged 2.04% to $3.444/MMBtu.

Precious Metals Mixed

• Gold (XAUUSD) dipped 0.13% to 2629.91.
• Silver (XAGUSD) soared 0.51% to 29.69.

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 08:29 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Ankita Khante on Unsplash}