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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, Trump Media & Technology Group Corp ($DJT), Trump MemeCoin ($TRUMPUSD), Netflix Inc ($NFLX), and the FTSE 100 ($UKX).
The Monday Market Update for January 20, 2025, highlighted key trends and forecasts in the foreign exchange and commodities markets. The U.S. dollar remained strong, with potential fluctuations due to the inauguration of President Trump. The Japanese yen showed strength, with expectations of a 0.25% interest rate hike from the Bank of Japan. The British pound weakened, influenced by economic projections and political uncertainties. Gold and silver prices were bullish, driven by global economic policies. Major indices like the NASDAQ and DAX showed positive trends, with key reversal candles indicating potential continuation. The focus for the week is on Trump’s policies and the Bank of Japan’s decision.
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
https://linktr.ee/tradingbeliefs
Prepare for 2025 with FREE ACCESS to the VTP Stage 1 Online Trading Course: https://bit.ly/VTPFREE
Our preferred broker is: ActivTrades
January 20, 2025
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