Forex Newsletter: Mixed Start with JPY & CHF Shining

London: 25 June 2024 (TraderMade): Welcome to today’s Forex Newsletter! The global financial markets showcase a mixed bag this morning, with JPY & CHF leading the pack in forex, an optimistic start to Asia-Pacific and US indices, yet considerable declines in the Energy and Metals. Let’s take you through updates on some significant instruments across various sectors:

Key Takeaways

• Forex: JPY (Up 0.2%) & CHF (Up 0.16%) surged, while USD & NZD dipped.
• Asia-Pacific Soared: Nikkei (JPN225) soared 0.93%, Hang Seng (HKG33) edged up 0.21% today.
• European Indices Unchanged: FTSE (UK100), CAC (FRA40), and DAX (GER30) traded flat at writing time.
• US Markets Surged: S&P 500 (SPX500) was up 0.19%, Nasdaq (NAS100) surged 0.3%, and Dow Jones (USA30) soared 0.18% today.
• Energy Markets Dipped: Brent Crude (UKOIL) slipped 0.13%, WTI Crude (OIL) dipped 0.13%, and Natural Gas (NATGAS) also dipped 0.12% today.
• Precious Metals Lost Shine: Gold (XAUUSD) dipped 0.39%, and Silver (XAGUSD) slipped 0.22% today.

G10 Forex

JPY & CHF are Top Gainers

In the G10 FX Market, Japanese Yen (JPY: Soared 0.2%) and Swiss Francs (CHF: Surged 0.16%) are the top gainers today versus the dollar (USD).

USD & NZD are Top Laggers

The US Dollar (USD) and New Zealand Dollar (NZD) are the top losers, as they declined against the other major currencies.

Forex Daily Pivot Points

Global Indices Mostly Positive

Asian Markets Soared

In Asian equities, markets were trading stronger today. The Nikkei 225 was trading at 39164.5, up 0.93%. The Hang Seng was trading at 18157.5, up 0.21%.

European Indices Flat

The UK’s FTSE 100 (UK100) trades flat at 8296.5. France’s CAC 40 (FRA40) trades flat at 7671.3. Germany’s DAX 30 (GER30) trades flat at 18208.3.

US Equities Futures Edged Up

Looking at Equity Futures, The SP500 Futures was trading at 5464.0498, up 0.09%.

Popular US Indices Optimistic

Standard & Poor’s 500 (SPX500) soared 0.19% to 5464.05. Nasdaq (NAS100) surged 0.3% to 19559. Dow Jones Industrial Average (USA30) surged 0.18% to 39548.5.

Energy Markets

Crude Oil Futures Mixed

In the Energy space, Oil futures were trading mixed today. The WTI Crude Futures was trading at 81.53, up 0.1%. The Brent Crude Futures was trading at 85.256, down 0.03%.

Spot Prices Declined

Brent Crude (UKOIL) dipped 0.13% to $85.171 a barrel. WTI Crude (OIL) declined 0.13% to $81.445 a barrel. Natural Gas (NATGAS) also dipped 0.12% to $2.926/MMBtu.

Precious Metals Lost Glimmer

Gold (XAUUSD) dipped 0.39% to 2325.2012. Silver (XAGUSD) also slipped 0.22% to 29.513.

To Summarize

Today’s Forex Newsletter encompasses movements of various financial instruments across forex, stocks, and commodities markets at the morning bell. Please stay with us as we cover more updates as the trading day unfolds.

_{Live Rates taken at about 05:57 AM GMT are compared to the Last Close to calculate percentage differences. Image Courtesy: Anna Nekrashevich on Pexels}