Prepare for 2025 with FREE ACCESS to the VTP Stage 1 Online Trading Course: https://bit.ly/VTPFREE
Hello Traders,
Thanks to those of you who joined us today. I should reiterate that the Monday Market Update is just that. A big picture overview of the markets, with a few 'charts of interest' thrown in. There are no trade recommendations, this is not a signal service, nor trade recommendations - just what I am looking at and interested in.
Today we looked at; FX STAM, Thomson Reuters Commodity CRB Index ($CRB), iShares Emerging Markets ETF ($EEM), Alphabet Inc ($GOOG), and Microsoft Corp ($MSFT).
The Monday Market Update for February 10, 2025, highlighted the Japanese yen overtaking the US dollar as the strongest currency due to Trump's tariff announcements. The Aussie dollar showed initial strength, while the euro and Canadian dollar weakened. Key data points include American CPI on Wednesday and UK GDP on Thursday. Technical analysis of stocks like Google and Microsoft indicated potential short-term bearish opportunities. Gold and silver continued their bullish trends, with gold breaking through $2900. The pound showed mixed performance against various currencies, with a focus on upcoming UK economic data. The session concluded with a reminder of upcoming webinars and the next market update in two weeks. We also covered the usual suspects: $DJIA, $NDX, $SPY, $RTY, $DAX, $FTSE, $N225, $WTI, $XAUUSD, $XAGUSD, $BTCUSD, $USD, $DXY, $JPY, $AUD, $CHF, $NZD and $GBP.
Have a great trading week.
***There will be no MMU next week - we return on the 24th Feb.***
Trade well,
Paul
Prepare for 2025 with FREE ACCESS to the VTP Stage 1 Online Trading Course: https://bit.ly/VTPFREE
Our preferred broker is: ActivTrades
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