Forex Newsletter: Mixed Start with JPY & NOK Soaring

London: 16 September 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate mixed signals to start this week. Yen & Swedish Krona led the pack in Forex; Asian indices were mixed; European markets declined; US indices soared; Energy markets dipped; Metals gained shine. Let’s take you through the sector-wise updates:

Key Takeaways

• Forex: JPY (Up 0.52%) & NOK (Up 0.39%) surged while CAD & USD dipped.
• Asia-Pacific Mixed: Nikkei (JPN225) declined 0.62%, and Hang Seng (HKG33) soared 0.27%.
• European Indices Declined: FTSE (UK100) was down 0.17%, CAC (FRA40) dipped 0.14%, and DAX (GER30) slipped 0.09% at writing time.
• US Markets Optimistic: S&P 500 (SPX500) and Nasdaq (NAS100) soared 0.1%, and Dow Jones (USA30) also picked up 0.07%.
• Energy Markets Down: Brent Crude (UKOIL) dipped 0.65%, WTI Crude (OIL) slipped 0.45%, and Natural Gas (NATGAS) also dipped 0.53%.
• Precious Metals Gained: Gold (XAUUSD) soared 0.37%, and Silver (XAGUSD) gained significantly by 1.23%.

G10 Forex

JPY & NOK are Top Gainers

In the G10 FX Market, the Japanese Yen (JPY: Surged 0.52%) and Norwegian Krone (NOK: Soared 0.39%) are the top gainers today versus the dollar (USD).

CAD & USD are Top Laggers

The Canadian Dollar (CAD) and US Dollar (USD) are the top losers as they dipped against the other major currencies.

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Mixed

In Asian equities, markets were trading mixed today. The Nikkei (JPN225) was trading at 36376.5, down 0.62%. The Hang Seng (HKG33) was trading at 17359.0, up 0.27%.

European Indices Dipped

In European equities, indices were trading weak today. The FTSE (UK100) was trading at 8283.7998, down 0.17%. The CAC (FRA40) was trading at 7461.7002, down 0.14%. The DAX (GER30) was trading at 18698.6992, down 0.09%.

US Equities Futures Slipped

Looking at Equity Futures so far, the SP500 Futures was trading at 5633.4502, down 0.04%.

Popular US Indices Positive

• Standard & Poor’s 500 (SPX500) soared 0.1% to 5633.95.
• Nasdaq (NAS100) also surged 0.1% to 19516.6.
• Dow Jones Industrial Average (USA30) slightly edged up by 0.07% to 41460.

Energy Markets Declined

Crude Oil Futures Down

In the Energy space, Oil futures were trading weak today. The Brent Crude Futures was trading at 71.215, down 0.84%. The WTI Crude Futures was trading at 67.835, down 0.16%.

Spot Prices Dipped

• Brent Crude (UKOIL) declined 0.65% to $71.355 a barrel.
• WTI Crude (OIL) slipped 0.45% to $68.005 a barrel.
• Natural Gas (NATGAS) declined 0.53% to $2.5145/MMBtu.

Precious Metals Surged

• Gold (XAUUSD) surged 0.37% to 2589.035.
• Silver (XAGUSD) made modest gains of 1.23% to 31.097.

To Summarize

Today’s forex trading newsletter covers the status of various financial instruments across forex, stock indices, and commodities at the morning bell. The global markets were mixed at the beginning of this trading week., Stay tuned for the latest updates from the financial landscape as the trading day unfolds.

_{Live Rates at about 05:59 AM GMT are compared to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Sajad Nori on Unsplash}