Forex Newsletter: Mixed Start with NZD & AUD Gaining

London: 7 January 2025 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets indicated a mixed start this morning, with Kiwi & Aussie leading the pack, while the Dollar and Yen dipped in Forex. The indices across various stock exchanges were almost pessimistic, except for the Nikkei. The energy sector experienced significant declines, and the precious metals were mixed.

Let’s take a look at the sector-wise updates for more details:

Key Takeaways

• Forex: NZD (Up 0.38%) & AUD (Up 0.29%) soared while USD & JPY declined.
• Asia-Pacific Mixed: Nikkei (JPN225) soared 0.73%, yet Hang Seng (HKG33) dropped 1.58%.
• European Indices Down: FTSE (UK100) slipped 0.06%, CAC (FRA40) dropped 0.09%, & DAX (GER30) declined 0.07%.
• US Markets Declined: S&P 500 (SPX500) lost 0.25%, Nasdaq (NAS100) dipped 0.34%, & Dow Jones (USA30) slipped 0.18%.
• Energy Markets Down: Brent Crude (UKOIL) dipped 0.19%, WTI Crude (OIL) slipped 0.21%, & Natural Gas (NATGAS) declined 4.34%.
• Precious Metals Mixed: Gold (XAUUSD) lost 0.09%, yet Silver (XAGUSD) gained 0.55%.

G10 Forex

NZD & AUD are Top Gainers

In the G10 FX Market, the New Zealand Dollar (NZD: Surged 0.38%) and the Australian Dollar (AUD: Soared 0.29%) are the top gainers today versus the US Dollar (USD).

USD & JPY are Top Laggers

On the other hand, the US Dollar (USD) and Japanese Yen (JPY) are the top losers, as they declined against the other major currencies.

Forex Daily Pivot Points

Global Indices Mostly Down

Asian Markets Mixed

In Asian equities, markets were trading mixed today.

• The Nikkei (JPN225) traded at 40004.3008, up 0.73%.
• The Hang Seng (HKG33) traded at 19305.5996, down 1.58%.

European Indices Dipped

In the European equities, indices were trading weaker today.

• The UK’s FTSE 100 (UK100) dipped 0.06% to 8208.7197.
• France’s CAC 40 (FRA40) slipped 0.09% to 7411.4102.
• Germany’s DAX 30 (GER30) slid 0.07% to 20142.5996.

US Equities Futures Slipped

Looking at Equity Futures, the SP500 Futures was trading at 5971.7402, down 0.2%.

Popular US Indices

• Standard & Poor’s 500 (SPX500) declined 0.25% to 5970.52.
• Nasdaq (NAS100) dropped 0.34% to 21537.30.
• Dow Jones Industrial Average (USA30) slipped 0.18% to 42711.00.

Energy Markets

Crude Oil Futures Mixed

In the energy space, oil futures are trading mixed today. The Brent Crude Futures were trading at 75.943, down 0.1%, and the WTI Crude Futures were trading at 72.96, up 0.15%.

Spot Prices Dropped

• Brent Crude (UKOIL) slipped 0.19% to $75.8725 a barrel.
• WTI Crude (OIL) dipped 0.21% to $72.86 a barrel.
• Natural Gas (NATGAS) declined 4.34% to $3.2895/MMBtu.

Precious Metals

• Gold (XAUUSD) slipped 0.09% to 2638.98.
• Silver (XAGUSD) edged 0.55% to 30.119.

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 world as the trading day unfolds.

_{We compared the Live Rates at about 07:44 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Visual Karsa on Unsplash}