Forex Newsletter: Mixed Onset - CHF & JPY Surging

London: 23 January 2025 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets indicated a mixed start this morning, with the Yen and Swiss Franc surging and the Aussie and Loonie declining against the US Dollar. Asian and European indices were mixed. US markets declined. Energy and precious metals declined significantly.

Let’s go through the sector-wise updates:

Key Takeaways

• Forex: CHF (Up 0.05%) & JPY (Up 0.01%) soared, while AUD (Down 0.10%) & CAD (Down 0.08%) declined vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) soared 0.29%, Hang Seng (HKG33) dipped 1.05%.
• European Indices Mixed: FTSE (UK100) slipped 0.06%, CAC (FRA40) edged 0.03%, & DAX (GER30) slightly soared 0.04%.
• US Markets Down: S&P 500 (SPX500) dipped 0.15%, Nasdaq (NAS100) declined 0.26%, & Dow Jones (USA30) dipped 0.05%.
• Energy Markets Dropped: Brent Crude (UKOIL) lost 0.17%, WTI Crude (OIL) dipped 0.24%, & Natural Gas (NATGAS) dropped 0.71%.
• Precious Metals Dipped: Gold (XAUUSD) declined 0.14%, & Silver (XAGUSD) dropped 0.62%.

G10 Forex

CHF & JPY are Top Gainers

In the G10 FX Market, Swiss Franc (CHF: Soared 0.05%) and Japanese Yen (JPY: Edged 0.01%) are today’s top gainers versus the US Dollar (USD).

AUD & CAD are Top Laggers

Conversely, the Australian Dollar (AUD: Dropped 0.10%) and Canadian Dollar (CAD: Declined 0.08%) are today’s top losers versus the US Dollar (USD).

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Mixed

In Asian equities, markets were trading mixed today.

• The Nikkei (JPN225) traded at 39900.8984, up 0.29%.
• The Hang Seng (HKG33) traded at 19646.8008, down 1.05%.

European Indices Mixed

In European equities, indices were trading mixed today.

• The UK’s FTSE 100 (UK100) was trading at 8524.8896, down 0.06%.
• France’s CAC 40 (FRA40) was trading at 7824.4199, up 0.03%.
• Germany’s DAX 30 (GER30) was trading at 21259.9004, up 0.04%.

US Equities Futures Slipped

Looking at Equity Futures, the SP500 Futures was trading at 6081.9502, down 0.07%.

Popular US Indices Declined

• Standard & Poor’s 500 (SPX500) dipped 0.15% to 6079.91.
• Nasdaq (NAS100) dropped 0.26% to 21800.90.
• Dow Jones Industrial Average (USA30) slightly dipped 0.05% to 44162.20.

Energy Markets

Crude Oil Futures Dipped

In the energy space, oil futures trade is weaker today. The WTI Crude Futures was trading at 74.95, down 0.17%, and the Brent Crude Futures was trading at 77.9105, down 0.41%.

Spot Prices Dropped

• Brent Crude (UKOIL) dipped 0.17% to $78.10 a barrel.
• WTI Crude (OIL) dropped 0.24% to $75.13 a barrel.
• Natural Gas (NATGAS) plummeted 0.71% to $3.50/MMBtu.

Precious Metals Lost Shine

• Gold (XAUUSD) dipped 0.14% to 2753.40.
• Silver (XAGUSD) dropped 0.62% to 30.63.

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 news and updates as the trading day progresses.

_{We compared the Live Rates at about 07:51 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: TabTrader.com on Unsplash}