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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, Trump Media and Technology ($DJT), Bitcoin / US Dollar ($BTCUSD), and Tesla Inc ($TSLA).
The discussion focused on the impact of the US election results on financial markets. Key points included the initial market reactions, with the dollar strengthening, the euro and Japanese yen weakening, and oil prices potentially dropping due to policy changes. Specific stocks like Tesla and Bitcoin showed significant movements, with Bitcoin surging upwards. The conversation also covered the performance of indices like the S&P 500 and the DAX, and the expected short-term bearish outlook for oil. Additionally, we highlighted the potential impact of trade deals and political stability on currency markets, particularly the euro and pound.
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 25TH NOVEMBER***
Trade well,
Paul
You can still join the VTP and access the Online Stage 1 Introductory Traders Course
Our preferred broker is: ActivTrades
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