13th Jan – Monday Market Update #169 – an eventful week ahead!

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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, UK Government Bonds 10Yr Yields ($GB10Y), SPDR Financial Sector ETF ($XLF), Invesco KBW Bank ETF ($KBWB), SPDR S&P Regional Banking ETF ($KRE), BlackRock Inc ($BLK), Goldman Sachs Group Inc ($GS), CitiGroup Inc ($C), Taiwan Semiconductor Manufacturing Company Ltd ($TSM), UnitedHealth Group Inc ($UNH).

Paul’s Monday market update for January 13, 2025, covered various market trends and forecasts. The U.S. dollar remains strong, with weakness in the Aussie, Kiwi, and Sterling currencies. The Japanese yen showed some strength. Oil prices are rising, driven by geopolitical factors. UK government bonds face rising yields, impacting confidence. American banks’ earnings week ahead, with potential bearish trends in financial ETFs. Gold and Bitcoin showed mixed signals. The FX markets highlighted Sterling’s continued weakness against major currencies. Upcoming events like the U.S. inauguration and economic data releases will influence markets further.

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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