21st July - Monday Market Update #191 - Fascinating week ahead.
- Paul Wallace
- Jul 21
- 2 min read
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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, Alphabet Group ($GOOG), Tesla Inc ($TSLA), Lockheed Martin Corporation ($LMT), RTX Corporation ($RTX), American Airlines Group Inc ($AAL).
Paul's Monday market update for July 21, 2025, covered the strength and weakness in FX indices and commodities. The Swiss franc and Euro led in strength, while the Japanese yen and US dollar showed weakness. Key data points include UK retail sales and PMIs, and Q2 earnings reports from major tech companies like Google and Tesla. The S&P 500 and NASDAQ hit record highs, but the Dow showed some indecision. The US dollar index showed a downward trend, with potential resistance at the daily 50-period moving average and possible support at the 20-period moving average. Sterling pairs showed a shift from buying to selling environments, and the upcoming ECB rate decision and UK data could impact markets.
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. See you next Monday at 1230.
Trade well,
Paul
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