Forex Newsletter: Mixed Start with Aussie & Kiwi Gaining

London: 30 December 2024 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets indicated a mixed start this morning, with AUD and NZD leading the pack in Forex. Asian indices were mixed, Europe traded flat, and the US markets experienced some gains. The energy sector was optimistic, yet the metals market was mixed.

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

Key Takeaways

• Forex: AUD (Up 0.42%) & NZD (Up 0.38%) surged, while NOK & USD dipped.
• Asia-Pacific Mixed: Nikkei (JPN225) dropped 0.77%, & Hang Seng (HKG33) traded flat.
• European Indices Flat: FTSE (UK100) & DAX (GER30) slightly edged, & CAC (FRA40) was almost unchanged.
• US Markets Soared: S&P 500 (SPX500) edged 0.24%, Nasdaq (NAS100) surged 0.27%, & Dow Jones (USA30) soared 0.24%.
• Energy Markets Gained: Brent Crude (UKOIL) edged 0.28%, WTI Crude (OIL) soared 0.32%, & Natural Gas (NATGAS) surged 6.80%.
• Precious Metals: Gold (XAUUSD) dropped 0.66%, yet Silver (XAGUSD) soared 0.20%.

G10 Forex

AUD & NZD are Top Gainers

In the G10 FX Market, the Australian Dollar (AUD: Surged 0.42%) and the New Zealand Dollar (NZD: Soared 0.38%) are the top gainers today versus the US Dollar (USD).

SEK & USD are Top Laggers

Conversely, the top losers are the Swedish Krona (SEK) and the US Dollar (USD).

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Mixed

In Asian equities, markets were trading mixed today.

• The Nikkei (JPN225) traded at 39980.8008, down 0.77%.
• The Hang Seng (HKG33) traded flat at 20093.8008.

European Indices Flat

In European equities, indices are trading firms today.

• The UK’s FTSE 100 (UK100) slightly edged 0.01% to 8130.5601.
• France’s CAC 40 (FRA40) traded flat at 7352.4302.
• Germany’s DAX 30 (GER30) slightly soared 0.02% to 19957.8008.

US Equities Futures Dipped

Looking at Equity Futures, the SP500 Futures was trading at 5972.8799, down 0.11%.

Popular US Indices Edged

• Standard & Poor’s 500 (SPX500) dipped 0.24% to 5967.47.
• Nasdaq (NAS100) dropped 0.27% to 21467.50.
• Dow Jones Industrial Average (USA30) slipped 0.24% to 42965.50.

Energy Markets

Crude Oil Futures Strengthened

In the energy space, the oil futures strengthened today. The Brent Crude Futures traded at 73.7355, up 0.41%. Similarly, WTI Crude Futures traded at 70.38, up 0.21%.

Spot Prices Soared

• Brent Crude (UKOIL) rose 0.28% to $73.644 a barrel.
• WTI Crude (OIL) edged 0.32% to $70.345 a barrel.
• Natural Gas (NATGAS) surged 6.80% to $3.5315/MMBtu.

Precious Metals Mixed

• Gold (XAUUSD) dipped 0.66% to 2615.10.
• Silver (XAGUSD) gained 0.20% to 29.4445.

To Summarize

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

_{We compared the Live Rates at about 08:15 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Adam Nowakowski on Unsplash}