Start 2024 with a 30% Discount off the VTP Stage 1 Online Trading Course: https://bit.ly/30Disc
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 the FX STAM, There were no charts of interest and we just focused on the live markets.
The discussion focused on the impact of Trump's appointments on market reactions, highlighting a shift towards safe-haven currencies like the Japanese yen and Swiss franc. The Bank of Japan's comments on interest rates influenced market sentiment, with the yen moving up the standings. Sterling performed poorly against most currencies, with it only showing strength against the Australian and New Zealand Dollars. Oil prices dropped and the DAX and FTSE 100 indices showed signs of weakness. Upcoming UK data, including CPI and retail sales, will influence sterling's performance. The US dollar remained bullish, with significant strength against major currencies.
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, and I’ll see you next Monday at 1230.
Trade well,
Paul
You can still join the VTP and access the Online Stage 1 Introductory Traders Course
Our preferred broker is: ActivTrades
Comments