Forex Newsletter: Mixed Start with Loonie & Kiwi Soaring

London: 6 January 2025 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets indicated a mixed start this morning. The Canadian dollar and New Zealand Dollar led the pack in ForexForex, while the Yen & Swiss franc declined against the US Dollar. There were mixed signals from global stock indices, energy, and metals sectors.

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

Key Takeaways

• Forex: CAD (Up 0.38%) & NZD (Up 0.28%) soared while JPY (Down 0.25%) & CHF (Down 0.11%) declined vs USD.
• Asia-Pacific Down: Nikkei (JPN225) dropped 1.13%, & Hang Seng (HKG33) dipped 0.89%.
• European Indices Optimistic: FTSE (UK100) edged 0.01%, CAC (FRA40) soared 0.33%, & DAX (GER30) gained 0.5%.
• US Markets Positive: S&P 500 (SPX500) soared 0.28%, Nasdaq (NAS100) surged 0.45%, & Dow Jones (USA30) edged 0.14%.
• Energy Markets Mixed: Brent Crude (UKOIL) dropped 0.65%, WTI Crude (OIL) dipped 0.59%, yet Natural Gas (NATGAS) gained 5.23%.
• Precious Metals Mixed: Gold (XAUUSD) declined 0.50%, yet Silver (XAGUSD) soared 0.13%.

G10 Forex

CAD & NZD are Top Gainers

In the G10 FX Market, the Canadian Dollar (CAD: Surged 0.38%) and New Zealand Dollar (NZD: Soared 0.28%) are the top gainers today versus the US Dollar (USD).

JPY & CHF are Top Laggers

On the other hand, the Japanese yen (JPY: Dropped 0.25%) and Swiss franc (CHF: Dipped 0.11%) are the top losers compared to the US dollar (USD).

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Dipped

In the Asian equities, markets were trading weaker today.

• The Nikkei (JPN225) traded at 39310.1992, down 1.13%.
• The Hang Seng (HKG33) traded at 19652.5, down 0.89%.

European Indices Stronger

In European equities, indices were trading stronger today.

• The UK’s FTSE 100 (UK100) edged 0.01% to 8231.75.
• France’s CAC 40 (FRA40) soared 0.33% to 7309.3301.
• Germany’s DAX 30 (GER30) surged 0.5% to 20014.9004.

US Equities Futures Edged

Looking at Equity Futures, the SP500 Futures was trading at 5952.04, up 0.08%.

Popular US Indices Positive

• Standard & Poor’s 500 (SPX500) soared 0.28% to 5958.18.
• Nasdaq (NAS100) surged 0.45% to 21409.50.
• Dow Jones Industrial Average (USA30) picked up 0.14% to 42805.00.

Energy Markets

Crude Oil Futures Slipped

In the energy space, oil futures trade is weaker today. The WTI Crude Futures was trading at 73.235, down 0.58%, and the Brent Crude Futures was trading at 76.0795, down 0.57%.

Spot Prices Mixed

• Brent Crude (UKOIL) declined 0.65% to $76.0145 a barrel.
• WTI Crude (OIL) dropped 0.59% to $73.165 a barrel.
• Natural Gas (NATGAS) surged 5.23% to $3.3715/MMBtu.

Precious Metals Mixed

• Gold (XAUUSD) dropped 0.50% to 2627.09.
• Silver (XAGUSD) edged 0.13% to 29.651.

To Summarize

Today’s Forex trading newsletter covers the status of various financial instruments across ForexForex, stock indices, and commodities at the morning bell. Stay tuned for the latest updates, and watch for inflation data from Germany later today.

_{We compared the Live Rates at about 08:06 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: PiggyBank on Unsplash}