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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 9, 2024, covered the week's FX and indices market trends. The Japanese Yen remains strong, while the US dollar showed mixed performance. Key upcoming events include the Bank of Australia and Bank of Canada rate statements, with expectations of rate cuts for the latter. The Comdoll Currencies are at the bottom indicating risk-off sentiment. Oil and gold remain short-term bearish, while Bitcoin and VIX remain strategic buys. The DAX and S&P 500 are at new highs, with the FTSE lagging. The session also highlighted the impact of geopolitical events in Syria and the potential for natural gas price fluctuations.
Today we looked at; FX STAM, US Oil ($WTI), Natural Gas Futures ($NG1!) Deutsche Bank AG ($DB), Lloyds Banking Group ($LLOY).
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
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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