 Let's get going again. You've seen some of the charts I was pointing to. Let me give you a bit of a summary as to what I was referring to there. Now, basically, we've had a bit of a sell-off last week. We've pushed into what I would call the kind of cliff edge. And so far, we've not fallen over the cliff. That cliff, for me, quite well defined in the S&P 500. And it's 1800. They're sort of 1800 to 18, maybe more specifically, sort of 1,820 kind of area. It's some pretty hefty support. And we did dip down into the lowest in two years. Thereabouts in the S&P 500 last week, but we've rallied pretty strongly back. Now, if we look over to these other charts we were just looking at before, we can see that similar things have happened in Europe. Now, we've dipped below the 200-week moving average in Germany. But we've pulled off before we reached this low from October 2014, we've reacted before we got there. Still a chance we can dip down there. That's my base case scenario that we probably do get down there. But at the moment, seeing a bit of a pullback off the lows, we've kind of held this support here, which I had on the chart. We've obviously dipped through it, but we've closed back above it. Kind of reacted from this open to this lower candlestick here. Now, looking at the footsie as a basis for comparison, you can see we did made fresh three-year lows, but have seen a strong bounce back. And that's continuing through today. Part of what really set us lower last week was this sell-off in financial shares. If you pull up a chart of looking at the financial sector versus the 2100, I don't have a chart for the financial sector right here. But the general idea is that it's been massively underperforming the general benchmark. And part of the reason is that we've been moving towards lower interest rates. And obviously, it recently kicked off really by the Bank of Japan. We've seen a shift into negative interest rates. And Japan's 10-year yield, so the yield on their 10-year debt turn negative. So if you want to borrow for the next 10 years in Japan, you actually have to pay for the privilege. So if you want to buy bonds for parking money in a safe area to earn an investment, you're actually paying for that privilege. Things have got pretty distorted. And that's not a great environment for banks, because they typically try to borrow at the long end and then lend to you at the short end, making the interest rate difference a bit difficult when it's negative at the end they want to borrow from. It just confuses things. So today, we're getting a bit of a bounce back. There's just been a few positive news items out to the banking sector today. The example is that HSBC is staying in London. They had some decent earnings from Commerce Bank at the end of last week. JP Morgan chases Jamie Dimon, buying, sorry, Morgan's. Yeah, JP Morgan's, I was going to say Morgan Stanley, but it's too many Morgan's. The CEO has bought $25 million worth of stocks, showing some faith in the sector. So a few things supporting the bank shares. They're lifting the footsie today. And Chinese markets have come back, but they haven't dramatically sold off to match the sell-off of last week, because obviously looking at those charts we just saw, we've actually come back quite a bit off the lows. So if you take the aggregate of it, not so much reason for China to sell off dramatically. And probably the biggest news over the weekend was the interview release from the People's Bank of China governor just saying that essentially that there are no plans to drastically devalue the UN. But you can sort of see that from what they've been doing. They've been massively intervening to sell dollars and buy up the UN to keep its value. They're trying to keep the UN constant against the basket of currencies. And he sort of dismissed the dollar volatility as just a sort of byproduct of that. Obviously there's a lot of big hedge funds out there who are actively shorting the UN in the belief that China's slowdown means that their currency should be worth less. And that's the last part of what's called the turmoil at the start of the year. If the UN can stabilize, perhaps even, excuse me, appreciate a bit over the next week or so, I think that would improve sentiment. And that could be a reason to build a bit of a base of that 1,800 level in the S&P and other global markets. Now I think I mentioned in this recording that Mario Draghi, speaking at 2 p.m. GMT today, have a quick look at the euro. Interestingly, with the euro in the massive sort of fell-off that's taken place, the euro has rallied. Largely, the economic data from Europe hasn't been fantastic. German industrial production saw a surprise drop, multiple other indicators that weren't too impressive. But nonetheless, the euro picked up and declined at the end of the week, matching the jump in equities. And I think it's basically explained by the idea that in these kind of risk-off market environments, European investors are pulling their money back into Europe from overseas. So what's the situation here? Well, if we pull the charts out a bit, now we see that we're in this range. Now obviously, now that we've broken out, the opportunities for going along are slightly diminished, but still, you would think that eventually, the default in this kind of range-bound environment is probably to try and re-challenge 115 again. Or I have this line on there, which I think connects a few of the peaks quite nicely, it's about 114.60. That I think would be the target, but we've seen a bit of a drop-back off the peak last week. Chance in the shorter term for a bit of a drop-back, I think 110 is probably the real line in the sand. That's what we were bumping up against, 110, and we turned into this triangle pattern and we've got the dramatic breakout. So we'll have to see what Mr. Draghi has to say later today. One of the interesting things that happened recently, and it happened, I think it wasn't necessarily, there's, it might have been actually the Wednesday, I can't remember if it was the Wednesday or the Thursday, but basically, Mario Draghi and Karoda, the Bank of Japan governor, both, one of them announced that there's a good chance of easing in March, that was Draghi, the other announced the negative interest rates, but the yen and the euro did precisely the opposite of what they would have intended, are you going up? Not particularly helping their exporters. So we'll have to see what the reaction is to Mario Draghi. If the euro jumps again, he's really lost a lot of influence and that was one of the main catalysts for European stock markets rallying was ECB stimulus and Draghi talking up the prospect of more stimulus. If he's lost that ability, it takes away a lot of the kind of catalyst for why European stocks are rising in the first place, which is evident enough because we're now pushing into multi-year lows. Look at sterling. Sterling has the most of the on the economic data calendar. I mean, it's sterling that kind of dominates this week. That kicks off tomorrow when we've got inflation data out, CPI, obviously meant to remain pretty low levels given the drop-in in all prices, but nonetheless, CPI year over year is expected to tick slightly higher to 0.3% from 0.2% in December. And so we have the FMC minutes which is obviously going to impact all dollar pairs on Wednesday, but we do have, before that, we've got the unemployment rate and the average earnings data on Wednesday, and we round things off for the UK with retail sales on Friday. So what we're looking for here kind of technically is for office economic data is reasons to judge whether this rebound or for lows in the pound is sustainable. So what we've seen is a couple of doji sewing in decision right above the 140 mark, the 140 handle, a big bullish breakout, then we pull back from this peak from April 2015, come back, re-challenge the breakout area and close back even. So at the moment, to me, it is on the bullish side. We haven't broken to the top side, but that is quite significant support that held for a long time, we've broken it, we've retested it, we've come back and challenged, but there's a chance we can push through. But if we can't, then that's, you know, then the default. This really is the line in the sand for me, this sort of 146 30 type area. If we can't push through there, that to me is probably rolling down belief 140, but if we can close a week up to there, then maybe this decline is over. So we've successfully challenged the breakout area, but we've not successfully broken above that previous support 10 resistance. So that's the next, as I said, line in the sand really. Dropping down slightly to the daily chart. Here you can see that kind of resistance building up right beneath the 146 level. And it's been actually consolidating with pretty narrow opens and closes right in at 145. So a bit of indecision about where this is gonna go, but I think by the end of this week, we'll have a much better idea. Not only for what economic data that I just mentioned, but I said quite decent chance, supposedly, that PM David Cameron will have some sort of deal from Europe. And potentially set the date to the referendum. Now, some of the most dramatic moves that we've seen recently have come from the YEN. This is the weekly chart. I mean, this is fairly textbook. We've got declining momentum. We've got a trend line here at first broke. We've got a run down to a fairly well-defined support of 116, a bounce, a retest of the broken trend line, and then just plummeted down right towards the next logical area of support. They're actually rebounded since getting there. So to me, this is pretty much a topping pattern here. I mean, this is a sort of pretty rough shot head and shoulders reversal pattern. And, you know, there's a chance a few people could get caught offside around 116, but to me, 116 is pretty tough resistance now. It was strong support. It should be strong resistance on the way back up. So if we can get anywhere close to it, that to me would be an area of possible weakness for Dolly Yen. Dolly Yen correlates pretty well to stock market, so we'll have to see, you know, if there's a massive return to some risk-on sentiment. You know, if the Bank of Japan maybe managed to convince us they're able to do more than just the negative rates that they've done so far, perhaps more quantitative easing, then that could all work together to help Dolly Yen and their inequities move on. I think Brent is the most, sorry, WTI is actually the most obvious bottom, but I was looking at Brent today in the chart forum, but here you can see, so good here, basically a fake-out to the bottom and then just a nice rally up to the support, and then we've opened above that today and we're pushing higher. So the next logical stop probably would be this declining trend line here, which kicks in around 31, and then I can probably get into a little bit more detail on Brent since that's what I updated today. You can see that Brent's actually slightly outperformed, basically, rather than the lows that it re-challenged, like WTI is basically just held off of 30. Brent's the international benchmark and $30 per hour is a round number, and few days couldn't get through it, now we're pushing back up. So my default assumption is couldn't push to the downside, tested the bears, they failed. Let's get up to the top and see if the bulls can get us a breakout through 35. If we can, I think that's probably a bit of a game-changer in the intermediate term. 235, given the volatility in all prices, could carry us pretty quickly to 40, 45. Gold, obviously the other big lever. This is a weekly chart here. I mean, I'm showing a lot of weekly charts this week, but I think it's just because of the size of the moves that have been taking place, it requires me to scale out a bit just to give them some context. So a lot of opportunity here. I mean, anyone who's long gold last week, well done. Massive move higher. We did allude to, in the chart forum, this fake out to the downside, the fact, you know, similar thing I was talking about in one of the other charts I've just looked at, where you get, you know, a marginally lower low, but really nothing too convincing. I think it was, yeah, the UK 100. But, you know, if that's all you can do to the downside, then you're opening up a capitulation once we get back above there. Anyone who got short on a breakout's gonna give up. And, you know, people going long, and then people covering their shorts, buying it as well, it all adds up. And that contributed to this massive move higher. So we've got this kind of channel that we're still in. It's basically reacted from the top of that channel. But there's another kind of trend line here which connects these two peaks, which we're testing at the moment. I think the fact that it breathed through it so well was a bullish sign, but it's probably not gonna be, it wasn't much resistance in the way up, probably not in the much on the way down. We could get a drop through to around number 1,200. And then we've got the peak here at 190. But back through there, and it would take the edge off a bit of this bull run. This uptrend, you know, that could carry us all the way back down to 1,100 again. Maybe opening up the idea of a inverse head and shoulders, triple bottom type pattern. But I think we probably do need to hold this 1,190 to keep the momentum going. Otherwise, you know, if equities are recovering, you know, sentiment improves, you know, this gold's gonna fade pretty quickly. That's it. Thank you for attending the webinar here. Apologies for the sound issues at the start. Hope that didn't affect you too much, but we're finishing a little early here. Try and keep it snappy. Thanks very much for attending and good luck with the trading this week.