 Hello and welcome to the CMC markers week ahead video with myself market analyst David Madden and the week ahead We're going to be looking to is Monday the 13th until Friday the 17th of November and FYI Today's video is been recorded on Thursday the 9th of November and the time is just coming up to 1 p.m. UK time The structure of the video will be me running running through the major Corporate and economic indicators that are coming out next week and then I think it was the end in second after the video I'll then be discussing Some of the major markets which could could be impacted by the data and updates are having next week our corporate calendar our corporate Economic calendar can be found under the market impulse tab on the fourth option down And to be honest the on Monday the 13th is a relatively quiet day in terms of economic indicators We do have the foreign direct investment FDI numbers out from China overnight, but excluding that is a relatively quiet day Tuesday is our could be the busiest day next week overnight on Tuesday, we're going to have Some economic indicators coming out of China. We have retail sales industry production and we also have the fixed asset investment By and large the economic indicator is on becoming out of China have been fairly fairly decent in terms of manufacturing Services and also on the import side Beijing does hope to achieve a GDP growth of 6.5 percent in 2017 And the way things are going and given that we're now actually in November It's looking fairly likely that they're going to achieve that target If you are trading high-grade copper or any of the big mining companies such as Rio Tinto, Anglo-American Glencore or else Vedanta resources for example keep an eye on the Chinese economic indicators because It can add quite a bit of volatility to the market Later on on Tuesday morning We have both German GDP and CPI numbers coming out Obviously Germany's by by far the biggest most influential country within the European Union and the Eurozone So in terms of any kind of alterations to future monetary policy from the ECB Obviously what's going on in Germany is going to play a big role in that Later on choose the morning We have CPI numbers inflation numbers coming out from the UK CPI in the UK is currently running at three 3% and it's obviously quite a headache for the Bank of England seeing as our target is inflation rate of 2% and Seeing as it is partially brought on by the wrong decision in August 2016 to cut interest rates and the Decline in interest rates led to a salaf in the British Pound which then Made imports were expensive a term no a term economists referred to as imported inflation So inflation has been driven by the relative to weak pound rather than an increase in demand in the domestic British economy In the latter half of choose the morning We have the we have the Eurozone growth figures The region as a whole will produce its GDP numbers And as I mentioned earlier on the German figures are coming out earlier in the session Turning our attention to Wednesday a half nine on Wednesday. We have the unemployment and earnings figures coming out of the UK Arguably the the earnings figures are probably are probably the more important of the two Unemployment in the UK is that a multi-decade low results you great for the economy and something politicians like to boast about But British but the the rate and in decline in unemployment Hasn't really been matched by a rate of increase in wage growth Which growth is relatively speaking lagging the lagging in comparison to the rate of which jobs are being created or jobs are being filled And we have a scenario for unemployment is quite low, but but both the actual wage What isn't overly impressive British consumers aren't actually going out and spending as much and as I just mentioned British consumers are being squeezed already by higher inflation Later on on Tuesday later on on on the on the Wednesday We also have retail sales and consumer price index CPI coming out of the United States Inflation used in the in the US is currently running at 2.2 percent But the core inflation which strips out the ending to do with commodities such as Suggests such as oil or energy is lagging behind at 1.7 percent So it would suggest the gap between the two is more down to the recent uptake in the price of gasoline and also oil If the Federal Reserve are widely expected to raise rates in December But what to do in 2018 is what traders are really going to be focusing on? Turning our attention now to Thursday We have the CPI numbers coming off from the Eurozone as a whole on Thursday morning Inflation in the Eurozone is 21 and a half percent. It's still well after 2 percent target The European Central Bank only recently stated they're going to extend their their bond buying scheme out until the end of 2018 the mr. Draghi the president of the European Central Bank As he often does it left the door open to additional easing should it be required and he didn't even point to actually the inflation rate liking It's a two percent target. I think one of the reasons for the QE being required in the first place Turning our attention to Friday It's a relatively quiet day the big one to watch off on terms of economic indicators on Friday is going to be the Canadian CPI which comes out at half one and if you trade the dollar card the dollar loony That's obviously going to be a big one to watch out for In terms of corporate data next week We do have some companies reporting But the big ones to watch out for from the UK are going to be British land and Royal Mail Both of which are reporting their figures on Thursday the 16th of November So we discussed some economic indicators are coming up next week We obviously got data coming from the UK the Eurozone and the US Marcus which are potentially impacted by this. I will not take a look at the euro versus the US dollar If you've tuned into our previous videos either one by myself or Michael We've often discussed how the the euro dollar is in the head and show head and shoulder reversal reversal formation So we can see here the euro pushed higher versus the US dollar Creating at the left shoulder here that are pulled that a pullback to the reaction low at one sixteen seventy Pushed on higher here took off the take off the height of the shoulder and created the head formation here Then declined back to the reaction low at one sixteen seventy and has gone and pushed higher here And now we've actually dropped back below We dropped back below the reaction the the neckline as it's called to reaction lows at one sixteen seventy And while we remain south of one sixteen seventy the outlook for the euro versus the US dollar is going to be bearish Levels to watch out for to the downside first protocol could be the two hundred a moving average was comes into into play at 112 90 and we could even head down to out to 112 or even south of 112 itself Turning our attention up to the pound versus the US dollar cable as it's referred to cable has been Recently has been fit has been trading a lot of Trading in a relatively small range hasn't really recovered from the dovish hike by the Bank of England It's been trading within a relatively small range here It's almost like the market is trying to try to decide which way it's going to go But if you draw a trend line from the lows of March this year all the way through to where we are now We can see that we're pretty much testing the the trend line support in this area And if while we hold above the trend line support and even if the beyond even if you hold north of the 130 level The broader bullish trend for the British pound versus the US dollar is likely to admit to remain in place Looking at potential moves to the upside if we do push higher we could potentially run into resistance And at 133 35 and if you do move south of the 130 mark We could be heading back down towards the two of them moving average who's comes into play at 128 62 Any moves in sturning can have a big impact on the footsie 100 seeing as it's actually so internationally focused So even even though in the last few sessions the footsie 100 has come back a bit from the multi month highs It's still getting trend line support in around this area here And while we remain north of that trend line support the outlook is going to continue to be bullish It's only should we break below say this area here The lows from October in around seven thousand four hundred twenty five Then we potentially see a pullback back down towards the dirty moving average at seven thousand three hundred and eighty six Seeing as we have numbers coming off important numbers coming out from the euros on next week the the DAX is going to be in play And the DAX has quite a positive one recently not too long ago It was at a record high and the DAX has since come off its record high, but notice how The DAX managed to actually fill the gap that was created here So it's not is it one of the myths about gaps in the international markets is that gaps are always filled They're not always filled. They're often filled, but they're not always filled But it wouldn't be a surprise if I saw the mark if the if the market resumed the the wider upward trend now that this gap has been filled So while we remain Not to say 13,200 or even 13,095 the wider Bullished trend for the for the for the DAX is still going to be in place I'll be quick look now at the u.s. Markets which are in quite a quite a healthy healthy state First off the bag what we look at that is the at the Dow Jones The two charts that look quite similar the Dow Jones After creating record highs in the week just gone has it ever dipped ever so slightly, but About pullbacks from record highs is already a surprise while we remain north of the this this level here One of the lows from late october in a 23,250 while we were in north of that the outlook is likely to remain Still positive for the Dow Jones And I would have a quick look at the s&p 500 as well S&P 500 looks quite similar. It's come off at its record highs We have seen a bit of profit taking but seeing as buying on the dips has been a popular strategy for traders Over the last number of months. We could see some new buyers enter the fold. So Yes, this is this is the s&p here As you can see it was in a fairly clear and concise Upward trend should we see any move to the downside? We may find support in this price here the november low Which comes to play at 2,565 or maybe we even see The market pulled back towards two thousand two thousand five hundred and sixty So the u.s. Markets are still looking in quite decent shape even though we have seen some Some some profit taking taking place That's all for me this week. Thank you for tuning in and have a good week trading