Forex Newsletter: Mixed Start with Yen & Dollar Edging

London: 16 January 2025 (TraderMade): Welcome to today's FX Newsletter!

The global financial markets indicated a mixed start today. The yen and dollar led the pack in Forex, with the Aussie and Kiwi declining. Asian and European indices were mixed. The US markets surged. The energy markets saw significant declines, yet metals soared.

Here are the sector-wise updates for more details:

Key Takeaways

• Forex: JPY & USD soared while AUD (Down 0.41%) & NZD (Down 0.26%) dipped vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) dropped 0.27%, yet Hang Seng (HKG33) surged 0.32%.
• European Indices Mixed: FTSE (UK100) edged 0.03%, CAC (FRA40) soared 0.05%, however, DAX (GER30) dropped 0.09%.
• US Markets Up: S&P 500 (SPX500) edged 0.43%, Nasdaq (NAS100) surged 0.78%, & Dow Jones (USA30) soared 0.13%.
• Energy Markets Down: Brent Crude (UKOIL) & WTI Crude (OIL) dropped 0.69%, & Natural Gas (NATGAS) declined 1.86%.
• Precious Metals Surged: Gold (XAUUSD) edged 0.20%, & Silver (XAGUSD) soared 0.32%.

G10 Forex

JPY & USD are Top Gainers

In the G10 FX Market, the Japanese Yen (JPY) and the US Dollar (USD) are today's top gainers.

AUD & NZD are Top Laggers

Conversely, the Australian Dollar (AUD: Declined 0.41%) and the New Zealand Dollar (NZD: Dropped 0.26%) are the top losers versus the US Dollar (USD).

Forex Daily Pivot Points

Global Indices

Asian Markets Mixed

In the Asian equities, markets were trading mixed today.

• The Nikkei (JPN225) traded at 38654.1992, down 0.27%.
• The Hang Seng (HKG33) traded at 19495.5, up 0.32%.

European Indices Mixed

In the European equities, indices were trading mixed today.

• The UK's FTSE 100 (UK100) edged 0.03% to 8333.8398.
• France's CAC 40 (FRA40) soared 0.05% to 7493.9302.
• Germany's DAX 30 (GER30) slipped 0.09% to 20628.5.

US Equities Futures Edged

Looking at Equity Futures, the SP500 Futures was trading at 5960.6602, up 0.05%.

Popular US Indices Surged

• Standard & Poor's 500 (SPX500) surged 0.43% to 5977.97.
• Nasdaq (NAS100) soared 0.78% to 21398.8.
• Dow Jones Industrial Average (USA30) edged 0.13% to 43346.

Energy Markets

Crude Oil Futures Mixed

In the energy space, oil futures are trading mixed today. The Brent Crude Futures were trading at 81.4115, down 0.22%, and the WTI Crude Futures were trading at 79.13, up 0.06%.

Spot Prices Dropped

• Brent Crude (UKOIL) dropped 0.696% to $81.0195 a barrel.
• WTI Crude (OIL) declined 0.69% to $78.68 a barrel.
• Natural Gas (NATGAS) plummeted 1.86% to $3.618/MMBtu.

Precious Metals Gained Shine

• Gold (XAUUSD) soared 0.20% to 2698.2.
• Silver (XAGUSD) surged 0.37% to 30.7875.

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 as the trading day unfolds.

_{We compared the Live Rates at about 08:04 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Coinstash Australia on Unsplash}