Forex Newsletter: Mixed Onset with Kiwi & Swedish Krona Gaining

London: 20 January 2025 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets started with uptrends in Asian and US indices and precious metals. The Kiwi and Swedish Krona led the pack in Forex, while the Dollar and Yen declined. The European indices lost ground, and the energy sector saw declines.

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

Key Takeaways

• Forex: NZD (Up 0.40%) & SEK (Up 0.32%) surged, while USD & JPY dropped.
• Asia-Pacific Surged: Nikkei (JPN225) surged 0.56%, & Hang Seng (HKG33) soared 0.75%.
• European Indices Mixed: FTSE (UK100) dipped 0.12%, CAC (FRA40) soared 0.12%, & DAX (GER30) edged 0.11%.
• US Markets Up: S&P 500 (SPX500) soared 0.16%, Nasdaq (NAS100) surged 0.22%, & Dow Jones (USA30) edged 0.19%.
• Energy Markets Down: Brent Crude (UKOIL) dipped 0.43%, WTI Crude (OIL) slipped 0.35%, & Natural Gas (NATGAS) lost 1.61%.
• Precious Metals Soared: Gold (XAUUSD) rose 0.11%, & Silver (XAGUSD) narrowly edged by 0.02%.

G10 Forex

NZD & SEK are Top Gainers

In the G10 FX Market, the New Zealand Dollar (NZD: Surged 0.40%) and Swedish Krona (SEK: Soared 0.32%) are today’s top gainers versus the US Dollar (USD).

JPY & USD are Top Laggers

Conversely, the Japanese Yen (JPY) 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 Up

In Asian equities, markets were trading stronger today.

• The Nikkei (JPN225) traded at 38933.0, up 0.56%.
• The Hang Seng (HKG33) traded at 19926.9004, up 0.75%.

European Indices Mixed

In European equities, indices were trading mixed today.

• The UK’s FTSE 100 (UK100) dropped 0.12% to 8497.9502.
• France’s CAC 40 (FRA40) soared 0.12% to 7725.0898.
• Germany’s DAX 30 (GER30) edged 0.11% to 20902.8008.

US Equities Futures Optimistic

Looking at Equity Futures, the SP500 Futures was trading at 5999.5698, up 0.17%.

Popular US Indices Positive

• Standard & Poor’s 500 (SPX500) soared 0.16% to 6007.57.
• Nasdaq (NAS100) surged 0.22% to 21492.90.
• Dow Jones Industrial Average (USA30) edged 0.19% to 43578.10.

Energy Markets

Crude Oil Futures Down

In the energy space, oil futures trade is weaker today. The Brent Crude Futures was trading at 79.478, down 0.6%, and the WTI Crude Futures was trading at 76.94, down 0.75%.

Spot Prices Dropped

• Brent Crude (UKOIL) dropped 0.43% to $79.6105 a barrel.
• WTI Crude (OIL) dipped 0.35% to $77.11 a barrel.
• Natural Gas (NATGAS) declined 1.61% to $3.4445 /MMBtu.

Precious Metals Gained Shine

• Gold (XAUUSD) gained 0.11% to 2705.55.
• Silver (XAGUSD) slightly edged 0.02% to 30.361.

To Summarize

Today’s Forex trading newsletter covers the status of various financial instruments across Forex, stock indices, and commodities around the morning bell. Stay tuned for the latest news and updates as the trading day unfolds.

_{We compared the Live Rates at about 08:19 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Piggy Bank on Unsplash}