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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.
The Monday Market Update for December 16, 2024, covered the performance of major currencies, indices, and commodities. The US dollar regained strength, while the Japanese yen weakened. Flash PMI data showed mixed results, with manufacturing down and services up in France, the UK, and Germany. Upcoming events include the FOMC meeting and the Bank of England's MPC. Key charts included Nvidia, Carnival, FedEx, and Nike, with potential opportunities identified. Gold and silver showed bearish signs, while Bitcoin remained stable. The session emphasized the importance of monitoring trends and preparing for 2025.
Today we looked at; FX STAM, NVIDIA Corporation ($NVDA), Carnival Corporation ($CCL), FedEx Corporation ($FDX), Nike Inc ($NKE).
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, a great festive period, and and I’ll see you Monday 6th January 2025 at 1230.
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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