Forex Newsletter: Mixed Start with JPY & CAD Leading

London: 31 December 2024 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets started mixed this morning, with the Yen and Canadian Dollar soaring while the Kiwi and Aussie declined against the US Dollar. The global indices, energy, and metals sectors were also mixed.

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

Key Takeaways

• Forex: JPY (Up 0.36%) & CAD (Up 0.01%) soared while NZD (Down 0.26%) & AUD (Down 0.16%) dropped.
• Asia-Pacific Mixed: Nikkei (JPN225) dropped 0.59%, yet Hang Seng (HKG33) surged 0.81%.
• European Indices Down: FTSE (UK100) dipped 0.24%, CAC (FRA40) dipped 0.1%, & DAX (GER30) traded flat.
• US Markets Slightly Up: S&P 500 (SPX500), Nasdaq (NAS100), & Dow Jones (USA30) narrowly edged.
• Energy Markets Mixed: Brent Crude (UKOIL) & WTI Crude (OIL) surged 0.57%, yet Natural Gas (NATGAS) dropped 3.58%.
• Precious Metals Mixed: Gold (XAUUSD) soared 0.27%, yet Silver (XAGUSD) traded flat.

G10 Forex

JPY & CAD are Top Gainers

In the G10 FX Market, Japanese Yen (JPY: Surged 0.36%) and Canadian Dollar (CAD: Soared 0.01%) are the top gainers today versus the US Dollar (USD).

NZD & AUD are Top Laggers

On the other hand, the New Zealand Dollar (NZD: Dropped 0.26%) and the Australian Dollar (AUD: Dipped 0.16%) are the top losers versus 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 39237.1992, down 0.59%.
• The Hang Seng (HKG33) traded at 20090.9004, up 0.81%.

European Indices Dipped

In the European equities, indices were trading weaker today.

• The UK’s FTSE 100 (UK100) dipped 0.24% to 8105.7202.
• France’s CAC 40 (FRA40) slipped 0.1% to 7307.3101.
• Germany’s DAX 30 (GER30) traded flat at 19,850.2.

US Equities Futures Slipped

Looking at Equity Futures so far, the SP500 Futures was trading at 5904.9702, down 0.07%.

Popular US Indices Slightly Edged

• Standard & Poor’s 500 (SPX500) narrowly edged to 5,910.77.
• Nasdaq (NAS100) slightly soared to 21,214.5.
• Dow Jones Industrial Average (USA30) slightly surged to 42,656.9.

Energy Markets

Crude Oil Futures Strengthened

Oil futures are trading today in the energy space. The Brent Crude Futures was trading at 74.6205, up 0.77%, and the WTI Crude Futures was trading at 71.49, up 0.72%.

Spot Prices Mixed

• Brent Crude (UKOIL) soared 0.57% to $74.471 a barrel.
• WTI Crude (OIL) surged 0.57% to $71.31 a barrel.
• Natural Gas (NATGAS) slipped 3.58% to $3.5875/MMBtu.

Precious Metals Mixed

• Gold (XAUUSD) soared 0.27% to 2,614.09.
• Silver (XAGUSD) traded almost unchanged at 28.9525.

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 from the financial markets as the trading day progresses.

_{We compared the Live Rates at about 08:17 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Adam Nowakowski on Unsplash}