Forex Newsletter: Mixed Onset with Kiwi & Aussie Leading

London: 3 January 2025 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets started with mixed signals this morning, with Kiwi and Aussie gaining against the US Dollar in Forex. Stock indices worldwide were optimistic, yet the energy sector experienced declines. The metals market started with mixed signals.

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

Key Takeaways

• Forex: NZD (Up 0.25%) & AUD (Up 0.23%) surged vs USD, EUR & USD dipped.
• Asia-Pacific Soared: Nikkei (JPN225) edged 0.03%, & Hang Seng (HKG33) surged 0.62%.
• European Indices Surged: FTSE (UK100) soared 0.27%, CAC (FRA40) gained 0.28%, & DAX (GER30) picked up by 0.23%.
• US Markets Optimistic: S&P 500 (SPX500) soared 0.18%, Nasdaq (NAS100) surged 0.29%, & Dow Jones (USA30) edged 0.09%.
• Energy Markets Down: Brent Crude (UKOIL) slipped 0.05%, WTI Crude (OIL) dipped 0.03%, Natural Gas (NATGAS) lost 3.03%.
• Precious Metals Mixed: Gold (XAUUSD) dipped 0.11%, yet Silver (XAGUSD) soared 0.07%.

G10 Forex

NZD & AUD are Top Gainers

In G10 Forex, the New Zealand Dollar (NZD: Surged 0.25%) and the Australian Dollar (AUD: Soared 0.23%) were the top gainers today against the US Dollar (USD).

EUR & USD are Top Laggers

On the other hand, Euro (EUR) and US Dollar (USD) were top laggers as they declined against the other major currencies.

Forex Daily Pivot Points

Global Indices Optimistic

Asian Markets Up

In Asian equities, markets were trading stronger today.

• The Nikkei (JPN225) traded at 39365.0, up 0.03%.
• The Hang Seng (HKG33) traded at 19688.5, up 0.62%.

European Indices Edged

In European equities, indices were trading stronger today.

• The UK’s FTSE 100 (UK100) soared 0.27% to 8251.5.
• France’s CAC 40 (FRA40) surged 0.28% to 7374.8101.
• Germany’s DAX 30 (GER30) also gained 0.23% to 20000.3008.

US Equities Futures Soared

Looking at Equity Futures, the SP500 Futures was trading at 5888.1602, up 0.27%.

Popular US Indices Positive

• Standard & Poor’s 500 (SPX500) soared 0.18% to 5886.99.
• Nasdaq (NAS100) surged 0.29% to 21064.80.
• Dow Jones Industrial Average (USA30) edged 0.09% to 42511.00.

Energy Markets

Crude Oil Futures Strengthened

In the energy space, the oil futures trade is more substantial today. The WTI Crude Futures was trading at 72.8, up 0.03%, and the Brent Crude Futures was trading at 75.8585, up 0.02%.

Spot Prices Declined

• Brent Crude (UKOIL) slipped 0.05% to $75.8045 a barrel.
• WTI Crude (OIL) dipped 0.03% to $72.7450 a barrel.
• Natural Gas (NATGAS) plummeted 3.03% to $3.3615/MMBtu.

Precious Metals Mixed

• Gold (XAUUSD) slipped 0.11% to 2654.05.
• Silver (XAGUSD) soared 0.07% to 29.5815.

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 07:45 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Anne Nygård on Unsplash}