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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, The British Pound Currency Index ($BXY), Microsoft Group ($MSFT), Tesla Inc ($TSLA), AutoZone Inc ($AZO), Oracle Corporation ($ORCL).
The Monday Market Update for June 9, 2025, covered the strength and weakness in FX markets, focusing on Sterling’s performance. Sterling remained strong, driven by anti-US sentiment, with significant non-commercial long positions. The US dollar weakened, benefiting currencies like the Kiwi dollar and Swiss franc. Key indices showed mixed trends, with the S&P 500 and NASDAQ bullish, while the Russell 2000 was neutral. Bitcoin and gold saw notable movements, with Bitcoin testing $100,000 and gold reacting to US-China trade talks. The session also highlighted the impact of geopolitical events and upcoming trade talks on market trends.
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
Make 2025 your best trading year ever by joining the VTP Trader Accountability Group: https://bit.ly/VTPTEAR
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June 9, 2025
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