 Good morning. The support in Eurodollar did not break. There was a support at 104.60 But they managed to do a reprake. So parity is not coming and that is pressuring the German DAX index, which is lower There were actually We were above ten thousand six hundred now we are Right now below ten thousand five hundred And so there are some there's some profit-taking going on now What do we have since the Trump election in November and December two hundred and eighty six billion u.s. Dollars went into u.s. Equity funds. That's the seventh annual inflow worldwide in the whole year of 2016 there were inflows into equity ETFs in the amount of 375 billion dollars that was a record year. So after a long after a slow start There was this a record inflows and that is a strong reversal. So let's see how much is going on with In in the course of this year. So there's a saying go Saying about if the first days of the year are actually positive then the rest of the year will be Positive or at least in the outcome at the year end Ninety-one point seven billion u.s. Dollars are put into short positions in u.s. Treasuries, so they are this is the highest amount since at least the year 2009 so a lot of investors hedge funds and speculators are speculating on higher rates in the United States and That is something that is becoming more and more a crowded trade So sooner or later some of that at least is going to reverse and then we will have a short squeeze in US Treasury, so watch that for a potential strong move there 46.2 percent of Private u.s. investors are bullish right now The average the along here average is at thirty eight point five So we are above that a very bullish sentiment out there on Wall Street on behalf of private investors If I look at the price of crude oil went down strongly yesterday The Saudis wanted to take over control They said that they want to lower production not only by four point six percent as the OPEC agreed upon But by seven percent that has somehow showed already that some Other countries that originally said they want to join that agreement will not do so now yesterday we Actually knew Who that country was and that is Iraq there could be a first crack in that agreement They rose their exports in December to a record high At least I'm not a record high, but it to a new production high after For the past years and so that is somehow Yeah, raising some eyebrows if they really want to join the agreement Iraq wants to say Iraq said the energy ministry They said that they generally will comply But there have been some concerns if they really do so it's all with the price of oil It's all about OPEC. It's all about psychology. It's all about the sentiment if The market does not see in hard figures that the agreement the OPEC made to lower production is not really Executed or it's not really followed on then the price will go down again And that is something that we have for the moment