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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, CAC40 French Index ($CAC), Oracle Corporation ($ORCL), SPDR Select Financial ETF ($XLF), AutoZone Inc ($AZO).
The Monday Market Update discussed market trends and upcoming events. The Japanese yen remains strong, while the Canadian dollar and Kiwi dollar are weak. Sterling benefits from dollar weakness and anti-Trump sentiment. Major US indices are in a bearish trend, with the Russell 2000 in a strategic sell. Key economic events include US CPI, JOLTS job openings, and GDP, and the Bank of Canada’s interest rate decision. The discussion also covered specific charts, including the CAC 40, Oracle, XLF – the financial ETF, and AutoZone, highlighting trends and potential trading opportunities. The overall sentiment remains risk-averse and bearish.
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 10, 2025
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