Forex Newsletter: Mixed Start with Yen & Swiss Franc Soaring

London: 9 January 2025 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets indicated a mixed start this morning. The yen and Swiss franc led the pack in Forex, while the British Pound and Australian Dollar declined against the US Dollar. Global stock indices were mixed; the energy sector saw declines, while precious metals slightly gained.

Here are the sector-wise updates:

Key Takeaways

• Forex: JPY (Up 0.13%) & CHF (Up 0.06%) surged, while GBP (Down 0.42%) & AUD (Down 0.26%) declined vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) dropped 0.67%, yet Hang Seng (HKG33) edged 0.03%.
• European Indices Mixed: FTSE (UK100) rose 0.17%, CAC (FRA40) traded flat, & DAX (GER30) dipped 0.02%.
• US Markets Down: S&P 500 (SPX500) dipped 0.34%, Nasdaq (NAS100) slipped 0.40%, & Dow Jones (USA30) dropped 0.30%.
• Energy Markets Dipped: Brent Crude (UKOIL) was down 0.12%, WTI Crude (OIL) slipped 0.16%, & Natural Gas (NATGAS) dropped 1.74%.
• Precious Metals Gained: Gold (XAUUSD) slightly edged 0.01%, & Silver (XAGUSD) rose 0.10%.

G10 Forex

JPY & CHF are Top Gainers

In the G10 FX Market, the Japanese Yen (JPY: Surged 0.13%) and Swiss franc (CHF: Soared 0.06%) are the top gainers today, up 0.13% and 0.06% versus the US Dollar (USD).

GBP & AUD are Top Laggers

Conversely, the British Pound (GBP: Dipped 0.42%) and the Australian Dollar (AUD: Declined 0.26%) are the top losers versus the US Dollar (USD).

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Mixed

In the Asian equities, markets were trading mixed today.

• The Nikkei (JPN225) traded at 39560.0, down 0.67%.
• The Hang Seng (HKG33) traded at 19257.1992, up 0.03%.

European Indices Mixed

In the European equities, indices were trading mixed today.

• The UK’s FTSE 100 (UK100) surged 0.17% to 8272.2402.
• France’s CAC 40 (FRA40) traded flat at 7439.0.
• Germany’s DAX 30 (GER30) narrowly dipped by 0.02% to 20330.5.

US Equities Futures Slipped

Looking at Equity Futures, the SP500 Futures was trading at 5908.7202, down 0.03%.

Popular US Indices Declined

• Standard & Poor’s 500 (SPX500) dropped 0.34% to 5894.72.
• Nasdaq (NAS100) dipped 0.40% to 21076.4.
• Dow Jones Industrial Average (USA30) slipped 0.30% to 42524.1.

Energy Markets

Crude Oil Futures Up

In the energy space, the oil futures trade is more substantial today. The WTI Crude Futures was trading at 72.87, up 0.12%, and the Brent Crude Futures was trading at 75.967, up 0.06%.

Spot Prices Slipped

• Brent Crude (UKOIL) dipped 0.12% to $75.83 a barrel.
• WTI Crude (OIL) slipped 0.16% to $72.69 a barrel.
• Natural Gas (NATGAS) declined 1.74% to $3.3345/MMBtu.

Precious Metals Gained Shine

• Gold (XAUUSD) edged 0.01% to 2662.57.
• Silver (XAGUSD) soared 0.10% to 30.1405.

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 in the economic landscape as the trading day progresses.

_{We compared the Live Rates at about 08:12 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Tech Daily on Unsplash}