 Hi, good morning and welcome to these products and focus most global markets are Edging towards all-time highs of the Nasdaq making the highest level it's done in 15 years well since since 2000 the height of the Tecbom and the US 30 just don't throw away from its all-time high, which is run about 18,000 one-on-one spot nine and Following on from yesterday's candle formation things look to be quite good This is quite a strong signal to get the top end of an uptrend. Obviously there's a sell-off and push up to the top end Ukraine ceasefire coming to force in the 15th of Feb and The fact that we do have a lot of stimulus. It might be also Over in Sweden and we do also have a potential deal from Greece as they're willing to negotiate with members of the of the debt section of the European countries and On all things you're looking a little bit more bullish this morning as most global markets are edging higher Germany 30 All-time highs US 30 if you keep in hundred also looking quite good this morning and from a technical perspective we break through 17 998 Then we should be looking good for a retest of that's this one 18 100 level now we do have some economic data due out today We've got Eurozone GDP and we also have consumer sentiment and if we fast forward on to Monday Nothing exciting on Monday. Unfortunately Tuesday brings a lot of UK data and the ZDW business support So anybody trading European Indices of the Germany 30 the UK 100 there is some stuff coming next week. You won't be aware of anyway So if we actually move on to the UK 100 there you can see we're making some decent gains this morning our all-time high is 6906.8 We might even get there today should the good good momentum hold So looking at Japan to the five yesterday. There was rumors of one of the Bank of Japan and monetary committee members talking Stimulus down that be kind of productive that caused a Quite severe about a volatility on dollar yen, which is still on the downside and the Japan to do five actually sold off quite aggressively Yesterday only to bounce back as well. So this candle formation. We've got right here Should be relatively bullish next potential resistance 18 306 Technicals are neutral and the cake and there could be further room for for for growth there So looking at that dollar yen very volatile It looks to be 118 spot 99 could be a potential support that also coincides with the 55 period SMA Which could be a springboard to again challenge 121 spot 87 depends the Bank of Japan actually confirms that stimulus is now off the table That will add to further Japanese yen strength And the US data continues to kind of be a bit weak and disappoint that there's data yesterday, I believe With the retail sales figures which came in slightly worse than expected. They were expecting minus 5% and came in minus 8 So we're not really getting a huge amount of dollar positives. I'll be at non-period last people were particularly good So moving on to Cuddle West, Texas. It's resurging again 55 close to 55 dollars neck potential resistance level Reading some interesting reports around storage facilities in Cushing, Oklahoma That there should be enough storage space for people to Kind of obviously store crude oil till around about April time. So there's record storage going on right now a lot of Financial institutions are storing oil now at the cheap price Trying to hold on to it for X a minute of time to sell it on for a profit in the future And they think that could be artificially supporting prices as people are actually buying up all the crude But as soon as That area some of the largest storage space for crude in America becomes full And so they think that might actually happen in April time Then there's gonna be a potential issue because obviously there's not going to be that That same storage capacity and there's worries then that the demand for crude might actually Kind of roll over. So we'll see what happens. Anyway, the West Texas crude is advanced and higher this morning It's had a good session yesterday and it's had a good start that they up almost 2% So moving on to gold Gold slowly moving higher These long-legged candles are not that that positive a technical signal in the short term I think the pressure still remain in gold even though the US dollar has been in the back for the last couple days 1218 is the next potential support followed by 1186 the fundamentals are not on gold's favor medium to long-term anyway So looking at your dollar We are trading above the 21 period SMA. That's a that dollar weakness creeping in obviously potential Deal with Greece helping to aid the euro longer-term potential resistance once bought 1642 other technicals are neutral if US continues to disappoint and The eurozone continues to move in the right direction You could probably be looking at small gains on your dollar in this couple of sessions Finishing up with GBP USD. Obviously sterling have a fantastic day yesterday from Kearney. We've been talking up the sterling Talked a little bit about interest rates. The Fed interest rates will not rise before the start of 2016 But that deflation or inflation and deflation was going to be a major issue that Bank of England is going to have to go ahead and look at a lot of traders taking cues as to the sterling should actually be increasing in value and We are now looking at one spot 54 24 as potential resistance, which also coincides with the 55 period SMA We break above that and then we could look target one spot 55 99 well one spot 56 Technicals are not yet overbought the Mac these is the better across the zero line So that would be a bullish technical signal We've kind of broken out of multiple trend lines here But we've not yet done one spot 54 24 if we do that then I think sterling might have turned a little bit of a corner But then there's big questions about the US dollar medium term as well as a little bit on the ropes right now But should that continue to improve? I guess it depends if Traders really believe that the US dollar that they US are going to raise interest rates In the summer or not and there's a lot of people casting doubt over that just now Especially where most other countries are massively talking down their currencies and the dollar is already strengthening quite significantly Against those currencies. So in case of what does America really have to gain by raising their rates? So Perhaps it might not come as soon as what some people might might expect certainly the macaday is not supporting an incredibly healthy US economy I'll be as I perform in the other ones. It's where the US wants to position itself versus its major competitors So obviously we talked about the market economic calendar For today and early next week keep your eye on the chart form as ever make insights probably lay it going forward and Join me again on Monday to find out what happened next