Forex Newsletter: Mixed Start - Dollar & Swiss Francs Surging

London: 22 January 2025 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets indicated a mixed start this morning, with US Dollar and Swiss francs leading the pack in Forex. The New Zealand Dollar and Norwegian Krone declined against the US Dollar. Asian stock indices were mixed; European markets slightly dipped, while the US indices soared. Crude Oil and Natural Gas declined; in the metals markets, Gold edged, yet Silver dipped.

Let’s go through the sector-wise updates:

Key Takeaways

• Forex: USD & CHF soared, while NZD (Down 0.50%) & NOK (Down 0.32%) declined vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) soared 0.6%, yet Hang Seng (HKG33) dipped 1.5%.
• European Indices Declined: FTSE (UK100) slipped 0.08%, CAC (FRA40) dipped 0.07%, and DAX (GER30) slightly dropped 0.03%.
• US Markets Up: S&P 500 (SPX500) edged 0.24%, Nasdaq (NAS100) soared 0.49%, and Dow Jones (USA30) picked up 0.07%.
• Energy Markets Down: Brent Crude (UKOIL) dipped 0.30%, WTI Crude (OIL) slipped 0.47%, and Natural Gas (NATGAS) declined 0.71%.
• Precious Metals Mixed: Gold (XAUUSD) soared 0.23%, and Silver (XAGUSD) declined 0.15%.

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.

NZD & NOK are Top Laggers

Conversely, the New Zealand Dollar (NZD: Dropped 0.5%) and Norwegian Krone (NOK: Declined 0.32%) are today’s top losers versus the US Dollar (USD).

Forex Daily Pivot Points

Global Indices

Asian Markets Mixed

In Asian equities, markets were trading mixed today.

• The Nikkei 225 traded at 39591.0, up 0.6%.
• The Hang Seng traded at 19753.8008, down 1.5%.

European Indices Dipped

In European equities, indices slightly dipped today.

• The UK’s FTSE 100 (UK100) slightly dipped by 0.08% to 8569.9404.
• France’s CAC 40 (FRA40) slipped 0.07% to 7792.
• Germany’s DAX 30 (GER30) narrowly dipped by 0.03% to 21160.3008.

US Equities Futures Edged

Looking at Equity Futures, the SP500 Futures traded at 6070.6201, up 0.09%.

Popular US Indices Optimistic

• Standard & Poor’s 500 (SPX500) rose 0.24% to 6074.38.
• Nasdaq (NAS100) surged 0.49% to 21748.5.
• Dow Jones Industrial Average (USA30) edged 0.07% to 44110.7.

Energy Markets

Crude Oil Futures Slipped

In the energy space, oil futures trade is weaker today. The WTI Crude Futures was trading at 75.39, down 0.26%. The Brent Crude Futures was trading at 78.3095, down 0.36%.

Spot Prices Declined

• Brent Crude (UKOIL) dropped 0.30% to $78.358 a barrel.
• WTI Crude (OIL) declined 0.47% to $75.42 a barrel.
• Natural Gas (NATGAS) dropped 0.71% to $3.364/MMBtu.

Precious Metals Mixed

• Gold (XAUUSD) soared 0.23% to 2750.73.
• Silver (XAGUSD) dipped 0.15% to 30.8345.

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 updates as the trading day progresses.

_{We compared the Live Rates at about 08:24 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Viktor Forgacs on Unsplash}