Forex Newsletter: Mixed Start with Yen & Swiss Francs Soaring

London: 15 January 2025 (TraderMade): Welcome to today’s FX Newsletter!

The global financial markets indicated a mixed start this morning. Yen and Swiss Francs gained, while the Euro and British Pound slipped against the US Dollar. The Asian indices were mixed, yet the European and US markets dipped. The energy sector saw significant declines. However, precious metals gained shine.

Let’s take a glance at the sector-wise updates for more details:

Key Takeaways

• Forex: JPY (Up 0.38%) & CHF (Up 0.05%) soared, while EUR & GBP (Down 0.1%) declined vs USD.
• Asia-Pacific Mixed: Nikkei (JPN225) dropped 0.77%, yet Hang Seng (HKG33) soared 0.18%.
• European Indices Down: FTSE (UK100) traded flat, CAC (FRA40) & DAX (GER30) slipped 0.07%.
• US Markets Dipped: S&P 500 (SPX500) slipped 0.10%, Nasdaq (NAS100) slid 0.25%, & Dow Jones (USA30) dropped 0.09%.
• Energy Markets Mixed: Brent Crude (UKOIL) & WTI Crude (OIL) were almost unchanged, yet Natural Gas (NATGAS) dropped 0.47%.
• Precious Metals Surged: Gold (XAUUSD) edged 0.40%, & Silver (XAGUSD) soared 0.32%.

G10 Forex

JPY & CHF are Top Gainers

In the G10 FX Market, the Japanese Yen (JPY: Surged 0.38%) and Swiss franc (CHF: Soared 0.05%) are the top gainers today, up 0.38% and 0.05% versus the US Dollar (USD).

EUR & GBP are Top Laggers

Conversely, the Euro (EUR: Dropped 0.1%) and British pound (GBP: Slipped 0.1%) are the top losers versus the US Dollar (USD).

Forex Daily Pivot Points

Global Indices Down

Asian Markets Mixed

In Asian equities, markets were trading mixed today.

• The Nikkei (JPN225) traded at 38457.6016, down 0.77%.
• The Hang Seng (HKG33) traded at 19221.0, up 0.18%.

European Indices Dipped

• In European equities, indices were trading mixed today.
• The UK’s FTSE 100 (UK100) traded flat at 8226.0303.
• France’s CAC 40 (FRA40) slipped 0.07% to 7436.1802.
• Germany’s DAX 30 (GER30) dipped 0.07% to 7436.1802.

US Equities Futures Slightly Dipped

Looking at Equity Futures, the SP500 Futures traded at 5850.2798, down -0.01%.

Popular US Indices Declined

• Standard & Poor’s 500 (SPX500) dipped 0.10% to 5849.10.
• Nasdaq (NAS100) dropped 0.25% to 20780.8.
• Dow Jones Industrial Average (USA30) dipped 0.09% to 42573.1.

Energy Markets

Crude Oil Futures Stronger

Oil futures are trading today in the energy space. The Brent Crude Futures was trading at 79.6995, up 0.02%, and the WTI Crude Futures was trading at 76.96, up 0.14%.

Spot Prices Slipped

• Brent Crude (UKOIL) was almost unchanged at $79.686 a barrel.
• WTI Crude (OIL) narrowly edged to $77.015 a barrel.
• Natural Gas (NATGAS) dropped 0.47% to $3.529/MMBtu.

Precious Metals Gained Glimmer

• Gold (XAUUSD) surged 0.40% to 2681.26.
• Silver (XAGUSD) soared 0.32% to 29.9965.

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 with us for the latest news and updates from the financial world as the trading day advances.

_{We compared the Live Rates at about 08:01 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: Joshua Mayo on Unsplash}