 Welcome traders to another tickmail weekly market outlook for week commencing the 20th of February in the US. Nothing really seems to be standing in the way from the Fed hiking rates in March, the warm weather in January, which contrasted startling with the cold wintery conditions of December will continue to boost US activity data over the coming week. Home sales are likely to going to get a lift with more people out and about early in the year home hunting. Well, we have got a strong idea that consumer spending will have jumped by 2% in real terms, given the 3% month-on-month increase in retail sales over the same period. However, markets remain a little skeptical as to whether this indicates true strength given the big shifts in weather may have simply meant that spending that would have been done in February and March may have been brought forward, leaving open the possibility of a correction over the next couple of months. This won't stop the Federal Reserve from hiking interest rates in March and all probability may too. Indeed, the Fed's favoured measure of inflation, the core personal consumer expenditure deflator, looks set to rise 0.4% month-over-month, more than twice the 0.17 month-over-month required over time to produce year-on-year inflation at 2%. Indeed, there will be several more Fed speakers over the coming week with the minutes of the February Federal Open Market Committee meeting also likely to reveal that they were not terribly far away from hiking by 50 basis points, having done 25 in February. Markets think this will be the standard incremental move from now on. From a technical perspective, the dollar index continued to extend higher and versus the swing low we have at 102.38. We now have an upside technical corrective pattern which should complete into the 105.50. I'm looking for any three-wave corrective moves back into this ascending trend channel sport. Come in, 103.20s, 103.30s, I'll watch for bullish reversal patterns there to engage on the long side and we are targeting the 105.50s. At this stage, it would take a close back through the trend channel support at that 103.20 to suggest that the correction is already complete and a resumption of the downtrend is underway. Moving to the Eurozone and lots of sentiment data out of the Eurozone for the week ahead, which will shed light on how the economy is performing in February, both consumer confidence and PMIs have been showing slight recovery in recent months and are expected to continue recovery albeit at low levels. This should be in line with the economic activity broadly stalling as it did in the fourth quarter. In terms of the Eurodollar from a technical perspective, I'm looking for resistance to be maintained at 107.30s. From there, I want to be short looking for a move down to target the equality objective versus our corrective potential B-wave high at 108.04 gives us 104.30s as the downside of quality objective. At this stage, it would take a close back through 108 to suggest that the correction could already be complete and we could look at retesting price cycle highs up into that 110.30s. Moving to the UK, let's take a look at the data docket for the UK this week. On Monday, we get February right move house prices 0.9% last time out. Price correction to remain in trench for the remainder of 2023 is the view there. We also get manufacturing services PMIs on Tuesday, 47.5% for manufacturing, 49.3% for services. Comparatively, the UK faces a tough near-term outlook but the expected scale of recession now seems smaller. And then we round out the data slate in the UK on Friday with the February GFK consumer sentiment last time, negative 45. Inflation and rates have left consumers deeply pessimistic. From a technical perspective, similar now with a lot of these dollar majors at the moment, whilst we maintain a potential B-wave high 122.70s, we have a 117.82 downside of quality objective. We have a monthly projected range support coming in just above their 117.90. So I'm looking for any pullbacks back into 120.90, which bearish reversal patterns to engage on the short side, targeting move down to our equality objective. Moving to Japan in terms of the data slate this week, Tuesday, manufacturing and services PMIs 48.952.3. Manufacturers health depends on support from demand, which is proving to be a positive in the services sector. And then the only other data of note in Japan next week is going to be on Friday, January CPI year-over-year percentage 4.4% price pressures building steadily, BOJ to remain unperturbed in their monetary policy stance. For now, obviously we have the new BOJ Governor Ueda, who will be reassessing the policy position for the Bank of Japan in the coming weeks and months. From a technical perspective, looking for the dolly end to target the equality objective versus the swing low 129.70s gives us 135.50 monthly projected range resistance just above their 135.65s. I'm looking for bearish reversal patterns here to engage on the short side. And I think we could be taking a trip down to 120 as the next downside objective. Moving to Australia and the Aussie dollar in terms of data down under RBA minutes on Tuesday, more color around the hawkish shift in guidance. Then on Wednesday, I get the leading index, West Pack leading index, clear signal of slowing to beyond trend pace really below, sorry, below trend pace. We also get price index as well, wage price index 1% last time, looking for a potential 1.1% residual minimum wage increase will further boost the Q4 print. And then on Thursday, we get capital expenditure looking for 1.3% their potential for a 2% print on the upside equipment uptrend should resume after the Q3 dip that we saw last year. And that rounds out the data down under in Australia for this week. So what we're looking at here now is any three wave corrective moves back into test towards this trend channel resistance, the high volume nodes 69, 60s only being gauged on the short side. The initial target is going to be for this ascending daily trend channel support. Technically, we could extend further than that. Let's just draw in what we'd be looking at as the equality objective on the downside. 6720s would be the technical equality objective also coincide just below their monthly projected range of sports. So any move down into that area certainly want to be watching for bullish reversal patterns in line again with bunch of these dollar majors, we could then be seeing the end of this dollar correction to the upside. Last but not least, let's check in with Bitcoin, our weekend risk barometer stage decent recovery. Whilst we hold the 25,000 level now, I'm looking for a three wave corrective move to test 23,114 on the downside before once again looking for an extension into that monthly sorry yearly pivot just below 27,000. As always traders, plan the trade, trade the plan and most importantly manage your risk. Until next week, thanks very much.