Forex Newsletter: Mixed Start with Yen Loonie Leading

London: 11 December 2024 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets indicate a mixed start today, with Yen & Loonie leading the pack in Forex. Asian & European indices were down, while US indices mixed. The energy sector gained, while Precious Metals were mixed.

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

Key Takeaways

• Forex: JPY (Up 0.18%) & CAD (Up 0.1%) soared while NZD (Down 0.18%) & AUD (Down 0.12%) declined vs USD.
• Asia-Pacific Down: Nikkei (JPN225) dipped 0.1%, & Hang Seng (HKG33) dropped 0.7%.
• European Indices Dipped: FTSE (UK100) dipped 0.15%, CAC (FRA40) slipped 0.1%, & DAX (GER30) also slipped 0.09%.
• US Markets Mixed: S&P 500 (SPX500) slipped 0.18%, Nasdaq (NAS100) slightly edged, & Dow Jones (USA30) traded flat.
• Energy Markets Up: Brent Crude (UKOIL) soared 0.85%, WTI Crude (OIL) surged 0.9%, & Natural Gas (NATGAS) edged 0.18%.
• Precious Metals Mixed: Gold (XAUUSD) was trading flat, yet Silver (XAGUSD) surged 0.5%.

G10 Forex

JPY & CAD are Top Gainers

In the G10 FX Market, the Japanese Yen (JPY: Surged 0.18%) and the Canadian Dollar (CAD: Soared 0.1%) are the top gainers today versus the US Dollar (USD).

NZD & AUD are Top Laggers

The New Zealand Dollar (NZD: Dropped 0.18%) and the Australian Dollar (AUD: Dipped 0.12%) are the top losers versus the US Dollar (USD).

Forex Daily Pivot Points

Global Indices

Asian Markets Dropped

In the Asian equities, markets were trading weak today.

• The Nikkei (JPN225) dipped 0.1% to 39353.3008.
• The Hang Seng (HKG33) dropped 0.7% to 20240.5.

European Indices Dipped

In the European equities, indices were trading weaker today.

• The UK’s FTSE 100 (UK100) slipped 0.15% to 8267.0498.
• France’s CAC 40 (FRA40) dipped 0.12% to 7382.1099.
• Germany’s DAX 30 (GER30) also declined 0.09% to 20329.9004.

US Equities Futures Unchanged.

Looking at Equity Futures, the SP500 Futures was trading flat at 6051.0498.

Popular US Indices Mixed

• Standard & Poor’s 500 (SPX500) dropped 0.18% to 6052.57.
• Nasdaq (NAS100) slightly edged to 21435.8.
• Dow Jones Industrial Average (USA30) was almost unchanged at 44349.

Energy Markets Strengthened

Crude Oil Futures Soared

In the Energy space, Oil futures were trading stronger today. The Brent Crude Futures was trading at 72.4535, up 0.73%. The WTI Crude Futures was trading at 68.725, up 0.73%.

Spot Prices Heated Up

• Brent Crude (UKOIL) surged 0.85% to $72.5455 a barrel.
• WTI Crude (OIL) soared 0.97% to $68.82 a barrel.
• Natural Gas (NATGAS) edged 0.18% to $3.0735/MMBtu.

Precious Metals

• Gold (XAUUSD) was almost flat at 2694.16.
• Silver (XAGUSD) dipped about 0.5% to 31.7615.

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 more latest updates as the trading day unfolds.

_{We compared the Live Rates at about 06:01 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Dimitris Chapsoulas on Unsplash}