Forex Newsletter: Mixed Start with Euro & Swiss Francs Soaring

London: 25 September 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate a mixed start this morning. Notably, the Euro & Swiss Francs have emerged as the top performers in the Forex market, leading the pack with their substantial gains. While there are mixed signals from global indices and commodities markets, let’s delve into the sector-wise updates to gain a comprehensive understanding:

Key Takeaways

• Forex: EUR & CHF soared 0.14% while NZD & JPY declined 0.09% & 0.03% vs USD, respectively.
• Asia-Pacific Mixed: Nikkei (JPN225) surged 0.46%, and Hang Seng (HKG33) dropped 2.05%.
• European Indices Await Direction: FTSE (UK100), CAC (FRA40), and DAX (GER30) were almost unchanged at writing time.
• US Markets Slipped: S&P 500 (SPX500) dipped 0.16%, Nasdaq (NAS100) dropped 0.28%, and Dow Jones (USA30) slipped 0.15%.
• Energy Markets: A Mixed Bag Brent Crude (UKOIL) slipped 0.52%, WTI Crude (OIL) dipped 0.38%, yet Natural Gas (NATGAS) gained 0.94%.
• Precious Metals: A Tale of Two Metals Gold (XAUUSD) slightly edged up, yet Silver (XAGUSD) dipped 0.6%. This contrast in the performance of these two precious metals adds an exciting dimension to the market.

G10 Forex

EUR & CHF are Top Gainers

In the G10 FX Market, the Euro (EUR: Surged 0.14%) and Swiss Francs (CHF: Soared 0.14%) have made substantial gains versus the dollar (USD), potentially influencing trading decisions.

NZD & JPY are Top Laggers

The New Zealand Dollar (NZD: Dropped 0.09%) and Japanese Yen (JPY: Dipped 0.03%) have declined versus the dollar (USD), potentially influencing trading decisions.

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Mixed

Asian equities markets were mixed today. The Nikkei (JPN225) was trading at 38098.0, up 0.46%. The Hang Seng (HKG33) was trading at 19308.0, down 2.05%.

European Indices Flat

• The UK’s FTSE 100 (UK100) traded flat at 8269.5.
• France’s CAC 40 (FRA40) traded flat at 7598.1.
• Germany’s DAX 30 (GER30) traded flat at 19002.8.

US Equities Futures Dipped

Looking at Equity Futures so far, the SP500 Futures was trading at 5734.3501, down 0.15%.

Popular US Indices Downbeat

• Standard & Poor’s 500 (SPX500) dipped 0.16% to 5733.35.
• Nasdaq (NAS100) dropped 0.28% to 19919.1.
• Dow Jones Industrial Average (USA30) declined 0.15% to 42176.

Energy Markets

Crude Oil Futures Dropped

In the energy space, oil futures trade is weak today. The Brent Crude Futures was trading at 74.31, down 0.52%, and the WTI Crude Futures was trading at 71.155, down 0.33%.

Spot Prices: Crude Oil Dipped, Natural Gas Soared

• Brent Crude (UKOIL) dropped 0.52% to $74.305 a barrel.
• WTI Crude (OIL) dipped 0.38% to $71.135 a barrel.
• Natural Gas (NATGAS) surged 0.94% to $2.9015/MMBtu.

Precious Metals Mixed

• Gold (XAUUSD) slightly inched up to 2658.62.
• Silver (XAGUSD) dropped 0.6% to 31.9035.

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 more news and updates as the trading day unfolds.

_{We compared the Live Rates at about 05:39 AM GMT with the Last Close Values to calculate the Percentage Differences. Image Courtesy: Jakub Żerdzicki on Unsplash}