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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, Rheinmetall AG ($RHM), Leonardo ($LDO), Airbus SE ($AIR), and NVDIA Corporation ($NVDA).
The Monday Market Update for February 24, 2025, covered the current state of FX, Indices, and Commodities. Key points included the Japanese yen and Sterling’s strength, with the US dollar weakening due to tariff tensions. The euro showed a relief rally post-German elections. European defence stocks like Rheinmetall and Leonardo are performing well, driven by increased defence spending. Gold and silver remain strategic buys, while Bitcoin is a tactical short. The Dollar Index showed weakness, with the euro and Swiss franc gaining against it.
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 24, 2025
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