Forex Newsletter: Mixed Start with Yen & Dollar Soaring

London: 21 October 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets indicate a mixed start, with Yen & US Dollar emerging as top gainers. Global indices are mixed. We can notice an uptrend in the Energy & Metals markets. Let’s dive into the sector-wise updates:

Key Takeaways

• Forex: JPY & USD soared while SEK (Down 0.1%) & NOK (Down 0.09%) dipped vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) soared 0.25%, yet Hang Seng (HKG33) dipped 1.11%.
• European Indices Slightly Edged: FTSE (UK100) & CAC (FRA40) slightly increased, yet DAX (GER30) traded flat at writing time.
• US Markets Mixed: S&P 500 (SPX500) & Dow Jones (USA30) were almost unchanged, yet Nasdaq (NAS100) dropped 0.12%.
• Energy Markets Soared: Brent Crude (UKOIL) soared 0.62%, WTI Crude (OIL) surged 0.33%, & Natural Gas (NATGAS) soared 0.24%.
• Precious Metals Gained: Gold (XAUUSD) soared 0.15%, & Silver (XAGUSD) surged 0.45%.

G10 Forex

JPY & USD are Top Gainers

In the G10 FX Market, the Japanese Yen (JPY) & US Dollar (USD) are the top gainers today, as they surged against the other major currencies.

SEK & NOK are Top Laggers

On the other hand, Swedish Krona (SEK: Dipped 0.1%) & Norwegian Krone (NOK: Slipped 0.09%) are the top losers versus the dollar (USD).

Forex Daily Pivot Points

Global Indices

Asian Markets Mixed

In the Asian equities, markets were trading mixed today. The Nikkei (JPN225) was trading at 39059.5, up 0.25%. The Hang Seng (HKG33) was trading at 20570.0, down 1.11%.

European Indices Narrowly Edged

• The UK’s FTSE 100 (UK100) slightly edged to 8381.
• France’s CAC 40 (FRA40) narrowly increased to 7624.4.
• Germany’s DAX 30 (GER30) was almost unchanged at 19647.3.

US Equities Futures Dipped

Looking at Equity Futures so far, the SP500 Futures was trading at 5871.3501, down 0.15%.

Popular US Indices Mixed

• Standard & Poor’s 500 (SPX500) traded flat at 5869.95.
• Nasdaq (NAS100) dropped 0.12% to 20316.2.
• Dow Jones Industrial Average (USA30) was almost unchanged at 43339.

Energy Markets

Crude Oil Futures Mixed

In the energy space, oil futures are trading mixed today. The Brent Crude Futures was trading flat. The WTI Crude Futures was trading at 69.095, up 0.44%.

Spot Prices Soared

• Brent Crude (UKOIL) surged 0.62% to $73.32 a barrel.
• WTI Crude (OIL) soared 0.33% to $69.01 a barrel.
• Natural Gas (NATGAS) edged 0.24% to $2.7285/MMBtu.

Precious Metals Surged

• Gold (XAUUSD) soared 0.15% to 2726.393.
• Silver (XAGUSD) surged 0.45% to 33.8815.

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 in the financial world as the trading day progresses.

_{We compared the Live Rates at about 05:43 AM GMT to the Friday Close Values to calculate the Percentage Differences. Image Courtesy: TabTrade.com on Unsplash}