Forex Newsletter: Mixed Outset with Yen & Kiwi Gaining

London: 24 December 2024 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets indicated a mixed start this morning, with the Yen & Kiwi soaring, while the Norwegian Krone & Euro declined against the US Dollar. There are mixed signals from global stock indices, energy, and metals markets.

Let’s go through the sector-wise updates for more details:

Key Takeaways

• Forex: JPY (Up 0.04%) & NZD (Up 0.01%) gained while NOK (Down 0.13%) & EUR (Down 0.08%) declined vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) dropped 0.27%, yet Hang Seng (HKG33) surged 0.85%.
• European Indices Mixed: FTSE (UK100) slightly picked up by 0.02%, CAC (FRA40) soared 0.05%, yet DAX (GER30) traded flat.
• US Markets Mixed: S&P 500 (SPX500) traded unchanged, Nasdaq (NAS100) picked up 0.06%, yet Dow Jones (USA30) slipped 0.09%.
• Energy Markets Mixed: Brent Crude (UKOIL) soared 0.24%, WTI Crude (OIL) surged 0.36%, yet Natural Gas (NATGAS) dipped 0.11%.
• Precious Metals Surged: Gold (XAUUSD) soared 0.26%, & Silver (XAGUSD) edged 0.08%.

G10 Forex

JPY & NZD are Top Gainers

In the G10 FX Market, the Japanese Yen (JPY: Surged 0.04%) and the New Zealand Dollar (NZD: Edged 0.01%) are the top gainers today versus the US Dollar (USD).

NOK & EUR are Top Laggers

On the other hand, the Norwegian Krone (NOK: dropped 0.13%) and the Euro (EUR: dropped 0.08%) are the top losers compared to 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 39155.5, down 0.27%.
• The Hang Seng (HKG33) traded at 20128.9004, up 0.85%.

European Indices Mixed

In European equities, indices were trading mixed today.

• The UK’s FTSE 100 (UK100) slightly edged by 0.02% to 8143.0098.
• France’s CAC 40 (FRA40) soared 0.05% to 7310.8799.
• Germany’s DAX 30 (GER30) traded flat.

US Equities Futures Narrowly Dipped

Looking at Equity Futures, the SP500 Futures was trading at 5988.1802, down 0.01%.

Popular US Indices Mixed

• Standard & Poor’s 500 (SPX500) traded flat at 5986.18.
• Nasdaq (NAS100) edged 0.06% to 21544.80.
• Dow Jones Industrial Average (USA30) dipped 0.09% to 42985.90.

Energy Markets

Crude Oil Futures Mixed

Oil futures in the Energy space traded mixed today. The WTI Crude Futures were trading at 69.47, up 0.17%, and the Brent Crude Futures were trading at 72.6545, down 0.05%.

Spot Prices Mixed

• Brent Crude (UKOIL) soared 0.24% to $72.87 a barrel.
• WTI Crude (OIL) surged 0.36% to $69.68 a barrel.
• Natural Gas (NATGAS) dipped 0.11% to $3.33/MMBtu.

Precious Metals Gained

• Gold (XAUUSD) soared 0.26% to 2619.19.
• Silver (XAGUSD) edged 0.08% to 29.69.

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 financial news and updates as the trading day unfolds.

_{We compared the Live Rates at about 08:21 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Kanchanara on Unsplash}