12th Dec - Monday Market Update #207 - Big Week ahead for Central Banks.

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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 - just what I am looking at and interested in.

Today we looked at; FX STAM, Broadcom Inc ($AVGO), Manchester United Football Club ($MANU), BAE Systems Inc ($BA.)

The Monday Market Update discussed the current strength and weakness in FX, indices, and commodities markets. The Aussie dollar maintained its strength, while the Swiss franc weakened. Key central bank events include rate statements from the Reserve Bank of Australia, Bank of Canada, Swiss National Bank, and the Federal Reserve. The US and UK may cut rates, contrasting with potential rate hikes in Australia. Sterling showed mixed performance, influenced by the UK's budget and BoJ buying Gilts. Gold and silver prices remained volatile, with Bitcoin stabilizing around $90,000. The NASDAQ and SP 500 showed strong follow-throughs, while the FTSE 100 faced potential investment drag.

You can follow my charts on TradingView at FXTraderPaul: https://bit.ly/FXTPVIEW

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. We return next week at 1230.

Trade well,

Paul

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