Mixed Morning with Yen & Dollar Leading

London: 13 January 2025 (TraderMade): Welcome to today's FX Newsletter!

The global financial markets indicated a mixed yet slightly downbeat start this morning. USD and JPY led the pack in Forex, while GBP and SEK dropped against the USD. Stock indices worldwide declined. Yet, there were positive signs from the energy and metals markets.

Let's go through the sector-wise updates for more details:

Key Takeaways

• Forex: JPY & USD surged while GBP (Down 0.46%) & SEK (Down 0.32%) declined vs USD.
• Asia-Pacific Dropped: Nikkei (JPN225) dipped 0.87%, & Hang Seng (HKG33) lost 0.40%.
• European Indices Declined: FTSE (UK100) slipped 0.23%, CAC (FRA40) slid 0.31%, & DAX (GER30) dipped 0.27%.
• US Markets Down: S&P 500 (SPX500) dipped 0.47%, Nasdaq (NAS100) slipped 0.67%, & Dow Jones (USA30) dropped 0.37%.
• Energy Markets Surged: Brent Crude (UKOIL) rose 1.88%, WTI Crude (OIL) soared 2.01%, & Natural Gas (NATGAS) climbed 2.79%.
• Precious Metals Declined: Gold (XAUUSD) dropped 0.11%, & Silver (XAGUSD) dipped 0.23%.

G10 Forex

JPY & USD are Top Gainers

In the G10 FX Market, the Japanese Yen (JPY) and the US Dollar (USD) are today's top gainers.

GBP & SEK are Top Laggers

Conversely, the British Pound (GBP: Dropped 0.46%) and Swedish Krona (SEK: Dipped 0.32%) are the top losers versus the US Dollar (USD).

Forex Daily Pivot Points

Global Indices Declined

Asian Markets Dropped

In the Asian equities, markets were trading weaker today.

• The Nikkei (JPN225) traded at 38437.3984, down 0.87%.
• The Hang Seng (HKG33) traded at 18816.8008, down 0.4%.

European Indices Dipped

In the European equities, indices were trading weaker today.

• The UK's FTSE 100 (UK100) dipped 0.23% to 8247.3398.
• France's CAC 40 (FRA40) slipped 0.31% to 7422.6201.
• Germany's DAX 30 (GER30) declined 0.27% to 20189.8008.

US Equities Futures Slipped

Looking at Equity Futures, the SP500 Futures was trading at 5809.4702, down 0.26%.

Popular US Indices Slipped

• Standard & Poor's 500 (SPX500) dropped 0.47% to 5824.79.
• Nasdaq (NAS100) declined 0.67% to 20838.70.
• Dow Jones Industrial Average (USA30) dipped 0.37% to 41992.50.

Energy Markets

Crude Oil Futures Strengthened

In the energy space, the oil futures trade is more substantial today. The Brent Crude Futures were trading at 80.6245, up 1.77%, and the WTI Crude Futures were trading at 77.265, up 0.08%.

Spot Prices Heated Up

• Brent Crude (UKOIL) surged 1.88% to $79.22 a barrel.
• WTI Crude (OIL) rose 2.01% to $75.87 a barrel.
• Natural Gas (NATGAS) soared 2.79% to $3.59/MMBtu.

Precious Metals

• Gold (XAUUSD) dipped 0.11% to 2690.41.
• Silver (XAGUSD) slipped 0.23% to 30.41.

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 news and updates from the financial world as the trading day progresses.

_{We compared the Live Rates at about 08:38 AM GMT to the Last Close Values to calculate the Percentage Differences. Image Courtesy: m on Unsplash}