Forex Newsletter: Mixed Start with Yen & Dollar Surging

London: 15 October 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets started mixed today. Japanese Yen & US Dollar emerged as top gainers while Aussie & Norwegian Krone dropped. We can see mixed signals across global indices and commodities markets. Let’s delve into the sector-wise updates:

Key Takeaways

• Forex: JPY & USD gained while AUD (Down 0.35%) & NOK (Down 0.34%) declined vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) edged 0.01%, yet Hang Seng (HKG33) plummeted 2.53%.
• European Indices Flat: FTSE (UK100), CAC (FRA40), and DAX (GER30) were almost unchanged.
• US Markets Mixed: S&P 500 (SPX500) & Dow Jones (USA30) were almost unchanged, and Nasdaq (NAS100) slipped 0.13%.
• Energy Markets Mixed: Brent Crude (UKOIL) & WTI Crude (OIL) dropped about 1.2% each, while Natural Gas (NATGAS) soared 0.14%.
• Precious Metals Declined: Gold (XAUUSD) dipped 0.31%, and Silver (XAGUSD) slipped 0.8%.

G10 Forex

JPY & USD are Top Gainers

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

AUD & NOK are Top Laggers

On the other hand, the Australian Dollar (AUD: Dropped 0.35%) and Norwegian Krone (NOK: Dipped 0.34%) 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) was trading at 40039.5, up 0.01%. The Hang Seng (HKG33) was trading at 20567.5, down 2.57%.

European Indices Awaited Direction

• The UK’s FTSE 100 (UK100) traded flat at 8322.9.
• France’s CAC 40 (FRA40) traded flat at 7619.8.
• Germany’s DAX 30 (GER30) traded flat at 19557.7.

US Equities Futures Slipped

Looking at Equity Futures so far, the SP500 Futures was trading at 5872.5498, down 0.04%.

Popular US Indices Mixed

• Standard & Poor’s 500 (SPX500) traded flat at 5871.55.
• Nasdaq (NAS100) dipped 0.13% to 20455.9.
• Dow Jones Industrial Average (USA30) traded flat at 43179.

Energy Markets

Crude Oil Futures Dropped

In the Energy space, Oil futures were trading weaker today. The Brent Crude Futures was trading at 74.16, down 1.46%. The WTI Crude Futures was trading at 70.335, down 1.15%.

Spot Prices Mixed

• Brent Crude (UKOIL) dropped 1.24% to $74.32 a barrel.
• WTI Crude (OIL) dipped 1.27% to $70.49 a barrel.
• Natural Gas (NATGAS) surged 0.14% to $2.8055/MMBtu.

Precious Metals Lost Glimmer

• Gold (XAUUSD) dropped 0.31% to 2640.8252.
• Silver (XAGUSD) also dipped 0.8% to 30.949.

To Summarize

Today’s forex trading newsletter covers the status of various financial instruments across forex, stock indices, and commodities at the morning bell. The recently released UK unemployment rate and the Canada inflation rate being announced later today may influence the market dynamics. Stay tuned for the latest financial news and updates.

_{We compared the Live Rates at about 05:56 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Freepik}