Prepare for 2025 with FREE ACCESS to the VTP Stage 1 Online Trading Course: https://bit.ly/VTPFREE
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, Palantir Technologies Inc ($PLTR), Paypal Holdings Inc ($PYPL), and Ford Motor Company ($F).
The Monday Market Update discussed the impact of Trump’s tariff announcements on currency markets. The dollar and Japanese yen strengthened, while the Canadian and euro weakened. Upcoming American data, including manufacturing PMI and jobs reports, will influence market trends, but not as much as the Trump Trade Tariffs. The VIX, a measure of market volatility, did not rise as high as would be expected, a sign of market participants being comfortable with the move, and less confidence in ViX as an indicator. Key indices like the Dow and NASDAQ both sold off, with potential for further volatility. Gold and oil prices were also affected, with gold showing strong buying interest. The analysis emphasized the importance of risk management and staying informed on news flow for the volatile week ahead
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
February 3, 2025
forex, FX Trading, FXTrader Paul, Gold, Indices Trading, London Traders Network, The Traders Forum, Trading, Trading Education, Trading Set-ups, Trading Videos, Useful For Traders, Veterans' Trader Project