Forex Newsletter: Mixed Bag with Yen & Dollar Soaring

London: 30 October 2024 (TraderMade): Welcome to today's FX Newsletter!

The global financial markets indicate a mixed start this morning, with Yen & Dollar leading the pack in Forex, while Aussie & Kiwi dipping. Global indices, Energy, & Metals markets were mixed.

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

Key Takeaways

• Forex: JPY & USD soared while AUD (Down 0.29%) & NZD (Down 0.27%) dipped vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) was unchanged, & Hang Seng (HKG33) dropped 2.36%.
• European Indices Dipped: FTSE (UK100) was down 0.34%, CAC (FRA40) dipped 0.35%, & DAX (GER30) slipped 0.36% at writing time.
• US Markets Mixed: S&P 500 (SPX500) traded flat, Nasdaq (NAS100) soared 0.15%, yet Dow Jones (USA30) slipped about 0.1%.
• Energy Markets Mixed: Brent Crude (UKOIL) soared 0.48%, WTI Crude (OIL) surged 0.45%, yet Natural Gas (NATGAS) dipped 0.22%.
• Precious Metals Mixed: Gold (XAUUSD) soared 0.39%, yet Silver (XAGUSD) dropped 0.22%.

G10 Forex

JPY & USD are Top Gainers

In the G10 FX Market, the Japanese Yen (JPY) and US Dollar (USD) are today's top gainers, as they surged against the other major currencies.

AUD & NZD are Top Laggers

On the other hand, the Australian Dollar (AUD: Dropped 0.29%) and New Zealand Dollar (NZD: Dipped 0.27%) are the top losers versus the US Dollar (USD).

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Mixed

In Asian equities, markets are trading weakly today.

• The Nikkei (JPN225) was trading flat at 38040.
• The Hang Seng (HKG33) was trading at 20337.5, down 2.36%.

European Indices Dipped

In European equities, indices traded weakly today.

• The UK's FTSE 100 (UK100) dropped 0.34% to 8188.1001.
• France's CAC 40 (FRA40) dipped 0.35% to 7483.2002.
• Germany's DAX 30 (GER30) slipped 0.36% to 19426.6992.

US Equities Futures Slipped

Looking at Equity Futures so far, the SP500 Futures was trading at 5850.9502, down 0.11%.

Popular US Indices Mixed

• Standard & Poor's 500 (SPX500) was almost flat at 5853.25.
• Nasdaq (NAS100) edged 0.15% to 20624.1.
• Dow Jones Industrial Average (USA30) dipped about 0.1% to 42317.

Energy Markets

Crude Oil Futures Strengthened

In the energy space, the oil futures trade is stronger today. The Brent Crude Futures was trading at 71.175, up 0.44%. The WTI Crude Futures was trading at 67.55, up 0.4%.

Spot Prices Mixed

• Brent Crude (UKOIL) surged 0.48% to $71.205 a barrel.
• WTI Crude (OIL) soared 0.45% to $67.565 a barrel.
• Natural Gas (NATGAS) dipped 0.22% to $2.966/MMBtu.

Precious Metals Mixed

• Gold (XAUUSD) surged 0.39% to 2785.605.
• Silver (XAGUSD) dipped 0.61% to 34.25.

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 as the Eurozone & US GDP releases may change the market dynamics later today.

_{We compared the Live Rates (US indices & Commodities) at about 06:15 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Coinhako on Unsplash}