 Hi, my name is Anthony Chung and I'm a director here at Amplify Trading. I've worked in financial markets now for over 12 years with my specialism being in delivering real-time market news and analysis to a variety of different investors, ranging from proprietary trading firms, hedge funds and investment banks to individual retail clients. The topic we're going to cover is an introduction to how Amplify approaches trading the news, or in fact, understanding the implication of news to make better trading decisions. This short session is aimed at providing you with a concise framework of how to make sense of the immense amount of information that you're exposed to every day as a trader. Big leaps in technology have drastically changed the way today's markets function, not only from execution points of view, but in how quickly sentiment can change and asset prices fluctuate given a new piece of breaking information. Your job as market participants is to effectively cut through the noise to only pick up on the information that will move financial markets. Before we begin, I think it's important to stress that fundamental analysis should be seen as a complementary tool to your technical analysis, rather than one discipline over the other. Having an awareness of the news and its impact is not just about trading short-term market movement, but more often or not, it's about capital preservation and being adaptable to changing sentiment should an unscheduled piece of news be released. Also, from my experience of working with institutional clients for many years, the understanding of current economic climate and the appreciation of future direction and monetary policy are the core competencies to making more informed investment decisions. So let's begin with understanding the broader picture and what I call macro themes. At any one point in time, there are usually several concurrent macro stories in play. An example of this might be the ongoing financial assistance required by Greece, or tensions on the Korean Peninsula, populism in European politics. The list goes on. The point is that although all of these are important in their own right, the market tends to focus on one prevailing theme over the rest. I call this the hierarchy of influence. For example, topics such as Brexit, Catalonia's push for independence, North Korea missile testing were all memorable and had a market impact at certain points in time. But the overriding theme was undeniable, Donald Trump. His style of leadership, outspokenness and then the passage of the US corporate tax cut plan meant that market direction in the global sense was derived largely from this one man's agenda, given his control over the world's largest economy. Assigning a hierarchy to the news each day is crucial, as without doing so would mean that you'd be inundated with new information 24-7. But by being selective and understanding what it is that the broader investment community is prioritising is key. Don't forget, to better determine the direction of market is about thinking what is it that's driving the investment decisions of the many, not the few.