Forex Newsletter: Upbeat Start with JPY & SEK Surging

London: 13 September 2024 (TraderMade): Welcome to today’s FX Newsletter! The global financial markets are off to a promising start this morning. Yen & Swedish Krona led the pack in Forex; Asian indices are mixed; European markets awaited direction; US indices surged; Commodities, including Crude Oil, Natural Gas, Gold, & Silver, made modest gains. Let’s take you through the sector-wise updates:

Key Takeaways

• Forex: JPY (Up 0.58%) & SEK (Up 0.18%) soared while USD & NZD declined.
• Asia-Pacific Mixed: Nikkei (JPN225) dipped 0.53%, and Hang Seng (HKG33) surged 0.86%.
• European Indices Flat: FTSE (UK100), CAC (FRA40), and DAX (GER30) were almost unchanged at writing time.
• US Markets Positive: S&P 500 (SPX500) surged 0.25%, Nasdaq (NAS100) soared 0.33%, and Dow Jones (USA30) also edged up 0.19% today.
• Energy Markets Gained: Brent Crude (UKOIL) soared 0.3%, WTI Crude (OIL) edged up 0.41%, and Natural Gas (NATGAS) made significant gains of 0.98%, providing a reassuring start to the day.
• Precious Metals Surged: Gold (XAUUSD) edged up 0.33%, and Silver (XAGUSD) also soared 0.47% today, sparking excitement in the market.

G10 Forex

JPY & SEK are Top Gainers

In the G10 FX Market, the Japanese Yen (JPY: Surged 0.58%) and Swedish Krona (SEK: Soared 0.18%) are the top gainers today versus the dollar (USD). This indicates a strengthening of these currencies against the USD.

USD & NZD are Top Laggers

On the other hand, the US Dollar (USD) and New Zealand Dollar (NZD) are the top losers as they declined against the other major currencies, suggesting a relative weakening of these currencies.

Forex Daily Pivot Points

Global Indices

Asian Markets Mixed

In Asian equities, markets were trading mixed today. The Nikkei (JPN225) was trading at 36636.5, down 0.53%. The Hang Seng (HKG33) was trading at 17407.0, up 0.86%.

European Indices Flat

• The UK’s FTSE 100 (UK100) traded flat at 8263.8.
• France’s CAC 40 (FRA40) traded flat at 7454.1.
• Germany’s DAX 30 (GER30) traded flat at 18564.95.

US Equities Futures Edged Up

Looking at Equity Futures so far, the SP500 Futures was trading at 5606.8999, up 0.05%.

Popular US Indices Optimistic

• Standard & Poor’s 500 (SPX500) soared 0.25% to 5608.3.
• Nasdaq (NAS100) edged up 0.33% to 19460.6.
• Dow Jones Industrial Average (USA30) also surged 0.19% to 41169.5.

Energy Markets Up

Crude Oil Futures Strengthened

In the Energy space, Oil futures were trading stronger today. The Brent Crude Futures was trading at 72.1, up 0.37%. The WTI Crude Futures was trading at 68.7, up 0.23%.

Spot Prices Soared

• Brent Crude (UKOIL) surged about 0.3% to $72.05 a barrel.
• WTI Crude (OIL) soared 0.41% to $68.65 a barrel.
• Natural Gas (NATGAS) surged 0.98% to $2.5845/MMBtu.

Precious Metals Gained Shine

• Gold (XAUUSD) soared 0.33% to 2567.3193.
• Silver (XAGUSD) surged 0.47% to 30.019.

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 global markets started on a positive note today, with energy markets and precious metals gaining momentum. Stay tuned for the latest news and updates as the trading day progresses.

_{Live Rates at about 05:48 AM GMT are compared to the Last Close Values to calculate the Percentage Differences. Image Courtesy: PiggyBank on Unsplash}