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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, BAE Systems ($BA.), SAAB AB ($SAAB_B), Qinetiq Group ($QQ.) and Costco Wholesale Corp ($COST).
The Monday Market Update for the 3rd of March 2025 covered the strength and weakness in FX markets, highlighting the Japanese yen and sterling as top performers due to risk-off sentiment and the US dollar’s weakness. The discussion included a detailed analysis of defense stocks like BAE Systems, SAAB, Leonardo, and Qinetiq, which saw significant gains post-weekend European defense spending announcements. The session also examined major indices and commodities, noting a bearish outlook for the Dow, NASDAQ, S&P 500, and Russell, while gold showed bearish signs. Bitcoin’s volatility and sterling’s strength against major currencies were also discussed.
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
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March 3, 2025
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