Forex Newsletter: Mixed Morning with USD & NOK Gaining

London: 17 January 2025 (TraderMade): Welcome to today's FX Newsletter!

The global financial markets indicated a mixed start this morning. The US Dollar and Norwegian Krone led the pack in Forex, yet the New Zealand Dollar and Japanese Yen declined. Asian indices were mixed, European and US indices soared. Crude oil soared, yet Natural Gas dipped. Precious metals also fell.

Let's go through the sector-wise updates:

Key Takeaways

• Forex: USD & NOK edged, NZD (Down 0.37%) & JPY (Down 0.36%) slipped vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) dipped 0.02%, and Hang Seng (HKG33) surged 0.56%.
• European Indices Edged: FTSE (UK100) soared 0.12%, CAC (FRA40) picked up 0.08%, & DAX (GER30) edged 0.08%.
• US Markets Optimistic: S&P 500 (SPX500) soared 0.27%, Nasdaq (NAS100) surged 0.36%, and Dow Jones (USA30) edged 0.29%.
• Energy Markets Mixed: Brent Crude (UKOIL) soared 0.31%, WTI Crude (OIL) surged 0.42%, yet Natural Gas (NATGAS) declined 3.08%.
• Precious Metals Dropped: Gold (XAUUSD) dipped 0.18%, & Silver (XAGUSD) slipped 0.65%.

G10 Forex

USD & NOK are Top Gainers

In the G10 FX Market, the US Dollar (USD) and Norwegian Krone (NOK) are today's top gainers.

NZD & JPY are Top Laggers

Conversely, the New Zealand Dollar (NZD: dropped 0.37%) and the Japanese Yen (JPY: slipped 0.36%) 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) traded at 38454.0, down 0.02%.
• The Hang Seng (HKG33) traded at 19566.1992, up 0.56%.

European Indices Up

In European equities, indices were trading stronger today.

• The UK's FTSE 100 (UK100) surged 0.12% to 8438.3701.
• France's CAC 40 (FRA40) soared 0.08% to 7648.0898.
• Germany's DAX 30 (GER30) edged 0.09% to 20665.4004.

US Equities Futures

Looking at Equity Futures, the SP500 Futures was trading at 5949.0298, up 0.18%.

Popular US Indices Up

• Standard & Poor's 500 (SPX500) surged 0.27% to 5950.71.
• Nasdaq (NAS100) soared 0.36% to 21143.8.
• Dow Jones Industrial Average (USA30) edged 0.29% to 43269.

Energy Markets

Crude Oil Futures Strengthened

Oil futures trading in the energy space is more substantial today. The Brent Crude Futures traded at 80.6335, up 0.23%, and the WTI Crude Futures traded at 78.28, up 0.38%.

Spot Prices Mixed

• Brent Crude (UKOIL) soared 0.31% to $80.6995 a barrel.
• WTI Crude (OIL) surged 0.42% to $78.285 a barrel.
• Natural Gas (NATGAS) dipped 3.08% to $3.666/MMBtu.

Precious Metals Declined

• Gold (XAUUSD) dipped 0.18% to 2710.89.
• Silver (XAGUSD) dropped 0.65% to 30.6225.

To Summarize

Today's Forex trading newsletter covers the status of various financial instruments, including Forex, stock indices, and commodities, at the morning bell. Stay tuned for the latest news from the financial world as the trading day unfolds.

_{We compared the Live Rates at about 08:20 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Tech Daily on Unsplash}