Forex Newsletter: Mixed Beginning with JPY & CHF Leading

Published on: Nov 06, 2024|2 min read

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London: 6 November 2024 (TraderMade): Welcome to today’s FX Newsletter!

The global markets showcase mixed signals today, with Yen & Swiss Francs leading the pack in Forex, while Euro & Norwegian Krone declined against the US Dollar. Asian indices were mixed, European indices were facing a downtrend, yet US indices soared. Energy markets were mixed, with Crude Oil declining and Natural Gas gaining. Yet Precious Metals, like Gold & Silver, declined.

Let’s go through the sector-wise updates to learn more:

Key Takeaways

Forex: JPY (Up 1.37%) & CHF (Up 1.02%) gained while EUR (Down 1.59%) & NOK (Down 1.3%) dipped vs USD.
Asia-Pacific Mixed: Nikkei (JPN225) soared 0.84%, & Hang Seng (HKG33) dropped 2.55%.
European Indices Dipped: FTSE (UK100) was almost unchanged, CAC (FRA40) slipped 0.67%, & DAX (GER30) declined 0.79%.
US Markets Up: S&P 500 (SPX500) soared 1%, Nasdaq (NAS100) edged 0.92%, & Dow Jones (USA30) surged 1.14%.
Energy Markets Mixed: Brent Crude (UKOIL) dipped 1.35%, WTI Crude (OIL) slipped 1.38%, yet Natural Gas (NATGAS) soared 0.11%.
Precious Metals Declined: Gold (XAUUSD) dipped 0.21%, & Silver (XAGUSD) dropped 1.51%.

G10 Forex

JPY & CHF are Top Gainers

In the G10 Forex, the Japanese Yen (JPY: Surged 1.37%) & Swiss Francs (CHF: Soared 1.02%) are the top gainers versus the US Dollar (USD).

USDJPY Chart

EUR & NOK are Top Laggers

On the other hand, the Euro (Euro: Dropped 1.59%) & Norwegian Krone (NOK: Dipped 1.3%) are top losers against the US Dollar (USD).

EURUSD Chart

Global Indices Mixed

Asian Markets Mixed

Japan’s Nikkei (JPN225) soared 0.84% to 39290.5. Hong Kong’s Hang Seng (HKG33) plummeted 2.55% to 20440.4.

European Indices Down

The UK’s FTSE 100 (UK100) traded flat at 8183.83.
France’s CAC 40 (FRA40) dropped 0.67% to 7380.16.
Germany’s DAX 30 (GER30) declined 0.79% to 19160.2.

Popular US Indices Optimistic

Standard & Poor’s 500 (SPX500) surged over 1% to 5855.79.
Nasdaq (NAS100) soared 0.92% to 20456.6.
Dow Jones Industrial Average (USA30) edged 1.14% to 42828.

Energy Markets

Spot Prices Mixed

Brent Crude (UKOIL) dropped 1.35% to $74.3685 a barrel.
WTI Crude (OIL) slipped 1.38% to $70.72 a barrel.
Natural Gas (NATGAS) edged 0.11% to $2.684/MMBtu.

Precious Metals Lost Glimmer

Gold (XAUUSD) dropped 0.21% to 2738.61.
Silver (XAGUSD) declined 1.55% to 32.1575.

Today’s Forex trading newsletter covers the status of various financial instruments across Forex, stock indices, and commodities at the morning bell. We hope the latest updates in this newsletter will help you make informed decisions as the trading day unfolds.

_{We compared the Live Rates at about 05:32 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Joshua Mayo on Unsplash}