Forex Newsletter: Mixed Bag with Yen & Swiss Francs Leading

London: 20 December 2024 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets indicated a mixed start today, with Yen & Swiss Francs leading the pack in Forex. Global stock indices were mixed; the energy sector experienced declines, while precious metals gained significantly.

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

Key Takeaways

• Forex: JPY (Up 0.29%) & CHF (Up 0.15%) soared while CAD (Down 0.04%) & GBP (Down 0.03%) dipped vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) dropped 0.65%, yet Hang Seng (HKG33) soared 0.61%.
• European Indices Down: FTSE (UK100) dipped 0.33%, CAC (FRA40) slipped 0.47%, & DAX (GER30) dropped 0.54%.
• US Markets Dipped: S&P 500 (SPX500) slipped 0.44%, Nasdaq (NAS100) dropped 0.7%, & Dow Jones (USA30) declined 0.33%.
• Energy Markets Down: Brent Crude (UKOIL) dropped 0.26%, WTI Crude (OIL) dipped 0.36%, & Natural Gas (NATGAS) slipped 0.18%.
• Precious Metals Edged: Gold (XAUUSD) surged 0.52%, & Silver (XAGUSD) soared 0.32%.

G10 Forex

JPY & CHF are Top Gainers

In the G10 FX Market, the Japanese Yen (JPY: Soared 0.29%) and Swiss Francs (CHF: Edged 0.15%) are the top gainers today versus the US Dollar (USD).

CAD & GBP are Top Laggers

On the other hand, the Canadian Dollar (CAD: Dropped 0.04%) and British Pound (GBP: Dipped 0.03%) 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) was trading at 38744.1992, down 0.65%.
• The Hang Seng (HKG33) was trading at 19798.8008, up 0.61%.

European Indices Dropped

In the European equities, indices were trading weaker today.

• The UK’s FTSE 100 (UK100) dipped 0.33% to 8104.6401.
• France’s CAC 40 (FRA40) dropped 0.47% to 7255.1299.
• Germany’s DAX 30 (GER30) declined 0.54% to 19862.8008.

US Equities Futures Slipped

Looking at Equity Futures, the SP500 Futures was trading at 5870.8398, down 0.21%.

Popular US Indices Dipped

• Standard & Poor’s 500 (SPX500) dipped 0.44% to 5864.02.
• Nasdaq (NAS100) dropped 0.7% to 21049.1.
• Dow Jones Industrial Average (USA30) slipped 0.33% to 42375.1.

Energy Markets

Crude Oil Futures Mixed

In the Energy space, Oil futures were trading mixed today. The Brent Crude Futures was trading at 72.375, up 0.04%. The WTI Crude Futures was trading flat at 69.13.

Spot Prices Cooled Down

• Brent Crude (UKOIL) dipped 0.26% to $72.155 a barrel.
• WTI Crude (OIL) slipped 0.36% to $68.93 a barrel.
• Natural Gas (NATGAS) dropped 0.18% to $3.307/MMBtu.

Precious Metals Gained

• Gold (XAUUSD) edged 0.52% to 2607.53.
• Silver (XAGUSD) surged 0.32% to 29.0745.

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 from the financial world as the trading day progresses.

_{We compared the Live Rates at about 08:31 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Coinstash Australia on Unsplash}