Forex Newsletter: Mixed Outset with Dollar & Swiss Franc Leading

London: 10 January 2025 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets indicated a mixed start. The US Dollar and Swiss franc led, while the British Pound and New Zealand Dollar declined against the US Dollar. The stock indices worldwide were mixed, yet there were positive signals from the energy and metals markets.

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

Key Takeaways

• Forex: USD & CHF gained while GBP (Down 0.27%) & NZD (Down 0.26%) are top laggers vs USD.
• Asia-Pacific Dipped: Nikkei (JPN225) slipped 0.11%, & Hang Seng (HKG33) dropped 1.11%.
• European Indices Mixed: FTSE (UK100) slipped 0.03%, CAC (FRA40) gained 0.10%, & DAX (GER30) dipped 0.07%.
• US Markets Mixed: S&P 500 (SPX500) slid 0.02%, Nasdaq (NAS100) dropped 0.11%, yet Dow Jones (USA30) soared 0.05%.
• Energy Markets Soared: Brent Crude (UKOIL) edged 0.44%, WTI Crude (OIL) soared 0.32%, & Natural Gas (NATGAS) gained 1.47%.
• Precious Metals Gained: Gold (XAUUSD) surged 0.26%, & Silver (XAGUSD) edged 0.21%.

G10 Forex

USD & CHF are Top Gainers

In the G10 FX Market, the US Dollar (USD) and Swiss franc (CHF) are today's top gainers.

GBP & NZD are Top Laggers

Conversely, the British Pound (GBP: Dropped 0.27%) and the New Zealand Dollar (NZD: declined 0.26%) are the top losers compared to the US Dollar (USD).

Forex Daily Pivot Points

Global Indices

Asian Markets Down

In Asian equities, markets declined today.

• The Nikkei (JPN225) traded at 39255.3984, down 0.11%.
• The Hang Seng (HKG33) traded at 19048.8008, down 1.11%.

European Indices Mixed

In the European equities, indices were trading mixed today.

• The UK’s FTSE 100 (UK100) dipped 0.03% to 8319.7803.
• France’s CAC 40 (FRA40) soared 0.10% to 7485.8599.
• Germany’s DAX 30 (GER30) slipped 0.07% to 20305.3008.

US Equities Futures Surged

Looking at Equity Futures, the SP500 Futures was trading at 5901.6299, up 0.18%.

Popular US Indices Mixed

• Standard & Poor’s 500 (SPX500) slightly dipped by 0.02% to 5904.6.
• Nasdaq (NAS100) slipped 0.11% to 21116.4.
• Dow Jones Industrial Average (USA30) edged 0.05% to 42623.9.

Energy Markets

Crude Oil Futures Strengthened

Oil futures are trading stronger today in the energy space. The WTI Crude Futures were trading at 73.825, up 0.2%, and the Brent Crude Futures were trading at 77.0665, up 0.17%.

Spot Prices Heated Up

• Brent Crude (UKOIL) surged 0.44% to $77.281 a barrel.
• WTI Crude (OIL) soared 0.32% to $73.975 a barrel.
• Natural Gas (NATGAS) increased 1.47% to $3.4945/MMBtu.

Precious Metals Gained

• Gold (XAUUSD) surged 0.26% to 2674.3.
• Silver (XAGUSD) soared 0.21% to 30.1925.

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 as the trading day unfolds.

_{We compared the Live Rates at about 05:52 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Markus Spiske on Unsplash}