 Hello and welcome to the week ahead video with me, David Batten. Today's date is Friday, the 28th of June, the 12th of the 19th and the time has just gone 12, 10, British summer time. And I'm looking ahead to next week, which begins Monday, the 1st of July through Friday, the 5th of July. Before we take a look at next week, let's talk about what happened in the week just gone. There's been today on the 28th of June is the first day of the G20 meeting. And tomorrow we're going to have they can all important meeting between President Donald Trump and China's Premier Xi Jinping. And that is going to be covering the all important topic of global trade. And this has been essentially dominating the news for the entire week. The meeting between the two sides is seen as a positive because if they're in the same room together, there's a prospect of something of the relationship between the two sides improving. So that's going to be in focus over the weekend. I don't it's going to be difficult given how both of entrenched both sides have become for a quick solution to be found. There's also a very much a technological aspect to it as well. It's moved away from just goods, it's moving into technology with the US. So having the ban on place in relation to Huawei products, Beijing are too keen about this. But no reports from Beijing in the last 24 hours, 48 hours of saying that they wanted to balance negotiation. But given that the US have concerns in relation to national security issues, the likelihood of the deal being wrapped up very quickly is probably unlikely. But this meeting, particularly tomorrow, might be the kind of beginning of foundations being laid for improved and improved trading relationships between the two sides. And ultimately, in relation to what we could see in stock markets on Monday when they open, if there's no negative news that's likely to be seen as a path to sign. It's only if there's a kind of a, you know, relationships continue to deteriorate. And we have threats or even, you know, calls for it for a higher sanctions or restrictions on rare earth minerals coming from China and the likes. In that kind of scenario where we then we'd like you would see a sell-off on equities by suspect given if you don't expect that as the news isn't negative. Even if it's just kind of some ground was made, that'll be seen as a positive and we could see equity markets push on higher from there. And trade is also tied in with the concerns about the global economy. We heard during the week that a couple of Federal Reserve members, James Ballard, who said a 50 base points interest rate cut would be overdone. Jerome Powell, the head of the Fed, stressed the Fed's independence, i.e. pushing back to President Trump, who's been calling for lower rates, he's been calling for a lower US dollar. Mr. Powell said that the case to loose module policy has increased, but there's still no real calls. This really suggests that it could be cutting rates anytime soon. What goes on in the meeting between the US-China and Richard the trade over the weekend is likely going to impact traders' perception of how growth is going to play out. And also, looking ahead to the back end of next week on Friday, the 5th of July, we're going to have the all-important US non-farm payroll figures. Keeping in mind, there's always talk about how the US are going to aggressively cut interest rates in the latter half of 2019. Keep in mind unemployment in the United States is at a 50-year low and the wage growth rate is well above the inflation rate. So workers are getting a decent increase in real earnings. And the latest retail sales figures we've seen from the US shows us that US workers are happy to go up and spend money. So keep that in mind. Obviously, depending on how the numbers come in in relation to non-farm payroll, that could then alter the views of the relation. Do either the Fed going to be heading down the path of looser or larger policy anytime soon, or maybe traders might kind of come to the realization that maybe all those calls for low rates wasn't bit overdone. Also, at the beginning of next week, the 1st and 2nd of July, we have the OPEC and OPEC meeting with the non-OPEC members. And this is in relation to production cuts. And there is talk that the production cuts are going to, there is speculation that the production cuts are going to be continued. But keep, but obviously keep in mind that the global tensions that are going on, the strains that are going on, there are some signs that the global economy isn't as strong as it was. And in a scenario whereby you should trade tensions between the US and China deterioration, get worse, and the perception is that the global economy is going to continue its slowdown. The last thing the global economy would then need was a major surge in the oil market and the price of oil, because oil is used across many industries. And so the OPEC have to kind of balance things out between, they obviously want to get a decent price for their oil to keep it relatively high, but they can't have it so high that it actually ends up actually, the price goes so high it destroys demand and actually adds to the decline in global, the global economy and in turn impacts their own demand down the line. So that's an issue we need to be focused on. I'll take a look now at some of the big events that are also going on next week. So I mentioned the Dunfan Parals at the back end of next week, Friday the 5th of July. On the 2nd of July, we have the Reserve Bank of Australia Interest Rate Decision. On Monday the 1st of July, we have the manufacturing PMI numbers around the globe, everything from China through across Europe. On Wednesday, on the 3rd of July, we have the services numbers from many countries around the globe. On the 3rd of July, we have first quarter figures from Sainsbury's here in the UK. On the 4th of July, we have the first full year figures from Supergroup, Supertry rather, Supertry rather, the US Fashion House. Obviously, the 4th of July is a Russian holiday in the United States, so US markets are going to be closed. We'll also see possibly out of limited or possibly trading on Friday as well of some markets that keep them out for that sort of volatility towards the back end of next week could be low. On the 5th of July, we have the June revenue and sales figures from International Solidar Airlines Group who own the likes of British Airways and Air Lingus. On the 3rd of July, we have the full year figures from Private Bricks here in the UK. Now, what I'll do is I'll take a quick look at some of the major markets and see how they're planning out. We talked about global trade, what can we expect, what can we potentially see from stock markets on Monday already next week in light of the G20 meeting. So the wider view for global stock markets is basically positive in 2019. This year is the FTSE 100, had a seismic rally between late December and up until April. Fair enough, there's a decent correction down through early June, but the highs of June, clearly take off the highs of May. You can see that the FTSE 100 is comfortably above this blue line here. It's a 50 degree moving average, which comes to play at 7,344. And while we hold above that metric, it's likely that the wider upward trend could continue on from here, but on the flip side, if you have a slice of break below that, it could be like heading back down towards this red line, the 20 degree moving average at 71.54. Dow theory tells us that the indices and the averages must confirm each other. So I'll be talking about the 50 degree moving average across a few global stock markets. This year is the tax over Germany, similar situation to the FTSE 100, had a massive rally between late December and early May. Size of a correction down to early June, but then a very decent bounce back. Once again, while the tax holds above its respective 50 degree moving average, we're likely to see a continuation of the bullish upward move. If you have a slice of break below this area here, and at the 12,000 mark, that could take us back down towards the 20 degree moving average, which comes to the play just north of a left 1,600. Take a look at what's going on with the S&P 500. A bit of a common theme here. S&P 500 had a size arrive between late December up until early May. Decent correction between May and June, both obviously the highs here, we're down to press, we're down to hit intraday record highs for the S&P 500, and we're well above its 50 degree moving average. And once again, while we come to be above its 50 degree moving average, it's likely we could see further gains made of the S&P 500. It's only really if you kind of have a break below that, could then we be getting a bit worried. I think maybe the market's going to turn over itself again and press lower. In relation to non-famperals, we'll have a quick look at the Euro dollar, because that's been one of the more interesting currency charts. And obviously we've had, we've got a raft of both manufacturing and service numbers coming off of the Eurozone next week. So, you know, at a 30 size above declining against the greenback for much 2019, but it's had enjoyed a very decent bounce back in the last five or six weeks. We've pressed on higher. We're now trading back above comfortably above the tour de movie average, which comes to the play in around 1,345. If you could hold above that, it's likely we could see further gains to be made. I could be liking a targetting the mid-merch high. And even if you do manage to kind of pull back on the Euro dollar, support coconut play in around this area here, in around the 112 region. Just before I go, we'll be hosting a non-famperals live webinar. So, please feel free to sign up for that. It can be found on our website, cmcmarkets.com, and then under events, you will see the link for the non-famperals webinar. If you have any comments to make on this video or any of the other videos we've made here at CMC Markets, please feel free to leave a review on Google views. Thank you very much.