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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, Delta Air Lines ($DAL), United Air Lines ($UAL), US Global Aviation ETF ($JETS), The Boeing Company ($BA), and Carnival Cruise Line Corporation ($CCL).
The Monday market update for March 2025 covered the performance of major FX indices and commodities. Japanese yen and British Sterling led, with the latter benefiting from anti-US dollar sentiment and Brexit. Key events include the Bank of Japan’s policy rate meeting, FOMC meeting, Swiss National Bank’s monetary policy, and the Bank of England’s NPCs official bank rate meeting. Gold and silver prices surged, while Bitcoin remained bearish. Delta Airlines and United Airlines showed significant weakness, with both closing below their weekly 50-period moving averages. Kiwi dollar strengthened against major currencies, driven by US dollar weakness and positive Chinese data.
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
March 17, 2025
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