Forex Newsletter: Mixed Morning with JPY & NOK Soaring

Published on: Jan 02, 2025|2 min read

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London: 2 January 2025 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets were mixed this morning. Yen and Norwegian Krone led the pack in Forex, while Swedish Krona and the British Pound slipped against the US Dollar. The global indices were mixed. The energy sector saw declines, while precious metals made modest gains.

Let’s take a look at the sector-wise updates for more details:

Key Takeaways

Forex: JPY (Up 0.75%) & NOK (Up 0.28%) soared while SEK (Down 0.07%) & GBP (Down 0.03%) dipped vs USD.
Asia-Pacific Mixed: Nikkei (JPN225) slightly edged 0.06%, yet Hang Seng (HKG33) dropped 2.51%.
European Indices Mixed: FTSE (UK100) surged 0.24%, CAC (FRA40) slipped 0.11%, & DAX (GER30) was almost unchanged.
US Markets Optimistic: S&P 500 (SPX500) surged 0.5%, Nasdaq (NAS100) gained 0.73%, & Dow Jones (USA30) soared 0.45%.
Energy Markets Dipped: Brent Crude (UKOIL) slipped 0.13%, WTI Crude (OIL) dipped 0.04%, Natural Gas (NATGAS) lost 1.75%.
Precious Metals Surged: Gold (XAUUSD) gained 0.32%, & Silver (XAGUSD) soared 1.20%.

G10 Forex

JPY & NOK are Top Gainers

In G10 Forex, the Japanese Yen (JPY: Surged 0.75%) and Norwegian Krone (NOK: 0.28%) were the top gainers against the US Dollar.

USDJPY Chart

SEK & GBP are Top Laggers

On the other hand, Swedish Krona (SEK: Dipped 0.07%) and British Pound (GBP: Slipped 0.03%) were top laggers against the US Dollar (USD).

GBPUSD Chart

Global Indices Mixed

Asian Markets Mixed

Nikkei (JPN225) slightly edged by 0.06% to 39402.1.
Hang Seng (HKG33) lost 2.51% to 19580.9.

European Indices Mixed

The UK’s FTSE 100 (UK100) surged 0.24% to 8187.84.
France’s CAC 40 (FRA40) slipped 0.11% to 7377.07.
Germany’s DAX 30 (GER30) traded at 19990.

Popular US Indices Positive

Standard & Poor’s 500 (SPX500) soared 0.5% to 5923.56.
Nasdaq (NAS100) gained 0.73% to 21207.8.
Dow Jones Industrial Average (USA30) surged 0.45% to 42809.5.

Energy Markets Dipped

Spot Prices Down

Brent Crude (UKOIL) dipped 0.13% to $74.7095 a barrel.
WTI Crude (OIL) slipped 0.04% to $71.62 a barrel.
Natural Gas (NATGAS) plummeted 1.75% to $3.4205/MMBtu.

Precious Metals Gained Glimmer

Gold (XAUUSD) soared 0.32% to 2632.95.
Silver (XAGUSD) gained 1.2% to 29.238.

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 and updates from the financial world as the trading day unfolds.

_{We compared the Live Rates at about 08:41 AM GMT to the 31 December 24 Close Values to calculate the Percentage Differences. Image Courtesy: George Dagerotip on Unsplash}