Forex Newsletter: Mixed Bucket with NOK & JPY Soaring

London: 4 November 2024 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets started mixed today, with Norwegian Krone & Yen leading the pack in Forex, yet Loonie & Greenback dipped. Global indices & Energy markets were mixed, while Precious Metals gained.

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

Key Takeaways

• Forex: NOK (Up 0.77%) & JPY (Up 0.75%) surged while CAD & USD dipped.
• Asia-Pacific Mixed: Nikkei (JPN225) soared 0.49%, while Hang Seng (HKG33) dipped 0.37%.
• European Indices Up: FTSE (UK100) edged 0.04%, CAC (FRA40) soared 0.39%, & DAX (GER30) surged 0.25%.
• US Markets Mixed: S&P 500 (SPX500) was up 0.22%, Nasdaq (NAS100) soared 0.31%, yet Dow Jones (USA30) dropped 0.36%.
• Energy Markets Mixed: Brent Crude (UKOIL) gained 1.87%, WTI Crude (OIL) surged 2.39%, Natural Gas (NATGAS) dropped 2.88%.
• Precious Metals Optimistic: Gold (XAUUSD) narrowly edged, while Silver (XAGUSD) soared 0.69%.

G10 Forex

NOK & JPY are Top Gainers

In the G10 FX Market, Norwegian Krone (NOK: Surged 0.77%) and Japanese Yen (JPY: Soared 0.75%) are the top gainers today versus the US Dollar (USD).

CAD & USD are Top Laggers

On the other hand, the Canadian Dollar (CAD) and the US Dollar (USD) are the top losers as they declined against the other major currencies.

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Mixed

In Asian equities, markets were trading mixed today.

• The Nikkei (JPN225) was trading at 38506.1016, up 0.49%.
• The Hang Seng (HKG33) was trading at 20472.4004, down 0.37%.

European Indices Strengthened

In European equities, indices were trading stronger today.

• The UK’s FTSE 100 (UK100) slightly increased by 0.04% to 8168.6299.
• France’s CAC 40 (FRA40) edged 0.39% to 7413.8999.
• Germany’s DAX 30 (GER30) soared 0.25% to 19252.9004.

US Equities Futures Up

Looking at Equity Futures, the SP500 Futures was trading at 5744.7002, up 0.34%.

Popular US Indices Mixed

• Standard & Poor’s 500 (SPX500) soared 0.22% to 5745.31.
• Nasdaq (NAS100) surged 0.31% to 20127.6.
• Dow Jones Industrial Average (USA30) dipped 0.36% to 42062.1.

Energy Markets

Crude Oil Futures Mixed

In the energy space, oil futures are trading mixed today. The Brent Crude Futures was trading at 74.1945, up 1.89%. The WTI Crude Futures was trading flat.

Spot Prices Mixed

• Brent Crude (UKOIL) surged 1.87% to $74.1795 a barrel.
• WTI Crude (OIL) surged 2.39% to $70.77 a barrel.
• Natural Gas (NATGAS) dropped 2.88% to $2.596/MMBtu.

Precious Metals Gained

• Gold (XAUUSD) slightly edged to 2739.49.
• Silver (XAGUSD) soared 0.69% to 32.6555.

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 in the financial world as the trading day progresses.

_{We compared the Live Rates (US Indices & Commodities) at about 05:42 AM GMT to the Friday Close Values to calculate the Percentage Differences. Image Courtesy: TabTrader.com on Unsplash}