 Hello and welcome to the CMC market week ahead video with myself David Madden market analyst here at CMC markets This video has been recorded on Friday the 6th of April. Just the time has just gone 12 p.m. BST UK Midday UK time and bearing in mind The non-farm perils figure is report figures are out in about 90 minutes time So some of the levels that I talk about in this video may be out of date Just keep in mind in relation to that and we are looking ahead to the week Monday the 9th to Friday the 13th of April Now to be perfectly honest It's a quietish week next week, but Wednesday is actually a fairly busy day on the early hours of Wednesday morning We have CPI and PPI numbers coming out from China and in recent months those two in economic indicators Have actually been going in the opposite direction CPI has actually been has been on the rise whereas PPI on the producer side has actually been a decline So these figures would give us a good indication of what is going on in the Chinese economy So the cost of living is up is on the rise in China But is that down to firmer commodity prices or is it down to actual demand and seeing as PPI on the producer end of things That you've been a decline It could suggest that she demand isn't as strong as the CPI numbers would let on and if you are trading markets So to high-grade copper any of the London listed mining stocks BSU Billiton Rio Tinto Glencore or even the Aussie dollar Keep an eye out for the Chinese CPI and PPI numbers At half nine London time on a Wednesday We have a few updates from the UK Manufacturing production industry production and also construction output all come out at half nine a Wednesday morning Bearing in mind is a lot of chatter that the Bank of England will raise interest rates next month But this was largely driven by the fact two of the nine Bank of England members last month voted to voted to raise rates then so a lot of pressure and a speculation That the bank of England could raise rates next month, but keep in mind since then We've had some not so hot economic indicators out of the UK The manufacturing figures from the UK showed that the Manufacturing sector is growing at a slower at a slower pace initially thought the construction PMI report actually Swung to contraction territory, which was a large shock and even this week the the service figures Which accounts about 80% of British output came in much lower than expected It was a quite a substantial decline in the growth rate of the UK service sector So all this in mind Traders will be paying attention to the economic updates from the UK to try to figure out Will the Bank of England could pull the trigger and raise rates next month? Speaking of central banks on Wednesday night We the Federal Reserve minutes from the meeting last month when the Fed hiked interest rates by 0.25% meeting expectations It was the first interest rate hike of 2018 and to be honest It was widely expected But traders are going to be paying attention to the tone and the language and also the mindset of the of the Federal Reserve members Trying to ascertain are we going to see three or potentially four rate hikes from the Fed in 2018? Traders are still a bit divided over over which which number it is Is it going to be three? Is it going to be four at the beginning of the year? There's our talk of four interest rate hikes now that We've seen some political issues in relation to the potential trade war between the US and China That could actually muddle the water ever so slightly So the Federal Reserve have previously stated they're going to focus on the economic indicators And hence why you should keep an eye out for Friday's non-farm payrolls, which are today Friday the 6th of April They've stated that they're going to follow the economic indicators of father data And for the time being they don't seem overly concerned about the kind of brewing tensions between Washington DC and also and Beijing And lastly to keep an eye out for next week on Friday the 13th of April is the first quarterly numbers From some of the big American banks Wells Fargo JP Morgan and Citigroup and one of the big Common themes of the US banking sector and in fact the global banking sector has been a slowdown or decline In the in the revenues derived from the trade in the financial markets traders You often hear the the acronym FIC being baddied about FICC stands for fixed income currencies and commodities essentially with lower volatility in comparison to previous years and also time of regulation and also an increase a A an increase to deleverage or de-risk some of the trading desk We are seeing a quite substantial decline in trading revenues from some of the major banks So there are a couple of themes to watch out for next week In relation to what potential markets could we see on the back of the economic indicators that are coming out next week? So I'll take a look now at a few charts We can see here now having a look at the price action of high-grade copper as I mentioned China has CPI and PPI numbers coming out next week China the bigger picture is that copper has been widened steadily Over a quite a decent period of time since last May copper is in broad You've been pushing higher but in the near term from basically say December onwards It's been a fairly obvious downward trend granted this area here in around 292 spot zero zero has provided decent support As you can see we're currently kind of finding a lot of consolidation in around the two-day moving average Which comes into play in around 303 303 cents per pound So if you do drop below the 30 moving average, we could be looking heading back down towards 292 spot zero zero But obviously any moves north of the tour they move me north of the tour the movie average could see the market push on higher from here I take a look now at the Dow Jones and also the S&P 500 seeing as the US indices have been quite volatile in recent times well Take a look here at the Dow Jones What we can see is that even though there's a fairly clear example here of lower highs Since since since January of this year the Dow still has managed to remain north of the two-day moving average Even though the trend in south of it on a couple of occasions So while we remain north of the two-day moving average, I suspect the outlook for the Dow Jones is going to remain positive But it's an area to keep an eye out for to the upside We're currently trading at in around 24,000 250 surely press on higher from here And if we take out 25,000 we could be looking heading back to the mid-march high 25,507 and then if you go north of that we could be looking at heading up towards the late February high 25,821 and move back below the two-day moving average would obviously be quite a quite a bearish indicator And I should that be the case. We could be looking heading back to the February low of 23,138 Taking a look now at what's going on in the S&P 500. It's a fairly similar looking chair In that we've seen lower highs throughout 2018 But it has managed to regain to stay north of the two-day moving average So once again while the S&P holds north of the two-day moving average here Which comes to the play just shy of 2600 I suspect the outlook for the market is going to remain positive And an area to keep an eye out for to the upside will be the one-day moving average just shy of 2700 and also the one-day moving average managed to act as support on a couple occasions last month And then if you go beyond 2700 we could then be looking at heading back up towards the march high of 2800 and once again a drop below the two-day moving average could bring the February lows into play at 2532 And I see I don't know it's a popular market out of a quick look at the FTSE 100 So the FTSE 100 is in a still I didn't really have the recovery that some of the other global indices had But in the last few sessions the market is clearly pushing higher We can see a steady increase in positive momentum. So that's confirming the upward move We're seeing it in the FTSE 100 the next area to keep an eye out for to the upside would be the bid march high of 7256 I should we go beyond that the next potentially a resistance could come into play at the late February high of 73400 and 40 and if we go beyond that Big level to keep an eye out for will be the 7400 level and not just because 7400 is a big psychological level It also coincides with the two-day moving average And if you and if he moves north of that will take will have set kind of say a two-month high on the FTSE And if you go north of that it could be its indication that the downward trend over the past couple of months has been shaken off But failing failing that should the mark and actually fail to take out The highs of March should the market turn over on itself and resume the downward trend that has been in for the last couple of months In any way to keep an eye out for for the downside will be seven thousand I should we go south the seven thousand keep an eye out then on six thousand eight hundred thirty nine Which was a low from last month. Well, that's all for me this week. Thank you very much