Forex Newsletter: Mixed Start with Loonie & Euro Leading

London: 8 January 2025 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets indicated a mixed start this morning, with the Canadian Dollar and euro gaining while the US Dollar and the Yen declined. The Asian and European indices sent mixed signals, yet the US markets picked up. The energy and metals sectors also showed positive signs.

Let's go through the sector-wise updates to dig deeper:

Key Takeaways

• Forex: CAD (Up 0.18%) & EUR (Up 0.15%) gained, while USD & JPY declined.
• Asia-Pacific Mixed: Nikkei (JPN225) edged 0.36%, yet Hang Seng (HKG33) dropped 0.71%.
• European Indices Mixed: FTSE (UK100) slipped 0.03%, CAC (FRA40) edged 0.03%, & DAX (GER30) dipped 0.13%.
• US Markets Up: S&P 500 (SPX500) soared 0.25%, Nasdaq (NAS100) surged 0.20%, & Dow Jones (USA30) picked up 0.26%.
• Energy Markets Heated Up: Brent Crude (UKOIL) edged 0.62%, WTI Crude (OIL) gained 0.72%, & Natural Gas (NATGAS) soared 2.93%.
• Precious Metals: Gold (XAUUSD) edged 0.05%, & Silver (XAGUSD) surged 0.40%.

G10 Forex

CAD & EUR are Top Gainers

In the G10 FX Market, the Canadian Dollar (CAD: Surged 0.18%) and Euro (EUR: Soared 0.15%) are the top gainers today versus the US Dollar (USD).

JPY & USD are Top Laggers

Conversely, the Japanese Yen (JPY) and the US Dollar (USD) are the top losers.

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Mixed

In Asian equities, markets were trading mixed today.

• The Nikkei (JPN225) traded at 39970.6016, up 0.36%.
• The Hang Seng (HKG33) traded at 19242.3008, down 0.71%.

European Indices Mixed

In European equities, indices were trading mixed today.

• The UK's FTSE 100 (UK100) slightly dipped by 0.03% to 8244.9697.
• France's CAC 40 (FRA40) narrowly edged by 0.03% to 7477.0298.
• Germany's DAX 30 (GER30) slipped 0.13% to 20311.0.

US Equities Futures Soared

Looking at Equity Futures, the SP500 Futures was trading at 5925.8999, up 0.13%.

Popular US Indices Optimistic

• Standard & Poor's 500 (SPX500) soared 0.25% to 5928.69.
• Nasdaq (NAS100) gained 0.20% to 21255.50.
• Dow Jones Industrial Average (USA30) surged 0.26% to 42653.20.

Energy Markets Soared

Crude Oil Futures Strengthened

In the energy space, the oil futures trade is more substantial today. The Brent Crude Futures were trading at 77.0885, up 0.23%, and the WTI Crude Futures were trading at 74.13, up 0.02%.

Spot Prices Surged

• Brent Crude (UKOIL) surged 0.62% to $77.39 a barrel.
• WTI Crude (OIL) soared 0.72% to $74.43 a barrel.
• Natural Gas (NATGAS) surged 2.93% to $3.34/MMBtu.

Precious Metals Gained Glimmer

• Gold (XAUUSD) edged 0.05% to 2654.12.
• Silver (XAGUSD) surged 0.40% to 30.18.

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 news and updates from the financial sector as the trading day unfolds.

_{We compared the Live Rates at about 09:36 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Tech Daily on Unsplash}