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Writer's picturePaul Wallace

30th October - FXTP Monday Market Update No119 - Bearish Price Action on Banks.



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 took a look at: FX STAM, Goldman Sachs Group ($GS), Citigroup Inc ($C), Bank of America Corporation ($BAC), NATWEST Group Plc ($NWG), and Invesco KDW Bank ETF ($KBWB).


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


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