 Good morning and welcome to the weekly market update with me, David Madden. Today's date is Monday 16th December 2019 and the time has just gone 9.40 GMT. And it's been a fairly positive start to the European trading session. Decent gains we made in London as well as competent in Europe. And it's a similar reason to why we saw big gains at the back end of last week. A combination of things. First things first on the kind of global scale. The US-China trade agreement. Phase one of it was agreed upon at the back end of last week. That has led to a kind of a bullet sentiment rippling out across the world. And also in the early hours of Friday morning we got the results of the UK general election where the Conservative Party won a very sizable majority. And obviously the Conservative Party are pro-business and they're pro-Brexit. And the kind of feeling is that given that the size of the majority the UK is in for much more decisive governing. So we're seeing a large move to the upside of the London markets and other stocks on the back of that. We've also had some better expected economic indicators out of China overnight. If you go to our trading platform and under news and analysis here on the trading platform and you click on the market calendar you can see here that we had some decent numbers out of China overnight. So the urban investment here at the date in terms of say fixed asset investment that came in in line with expectations of 5.2%. Industrial production came in at 6.2%. Better expected and retail sales came in at 8%. Also better expected. So we did see some decent numbers out of China overnight. That's a factor as well. We have seen some mixed economic indicators or doubly economic indicators from Europe. France, Germany, the UK all had not so not so hot flash manufacturing PMI figures and service PMI figures. But nonetheless, the wider theme is the fact that the US and China have signed the trade agreement or phase one at least of it. And also the back of the the size of a victory for Barclay Johnson's conservative party. What I'll do now is I'll look at the weekly head article that can be found on our website. If you go to thecmserockets.com and under insights and under news and analysis you'll find that the bulk of the articles that we write get posted to this section of the website. Let's take a look at the weekly head article. We could see it later on today. We have the update of the Bank of England stress test result. We have tomorrow we have third quarter figures from the trade line. Across Tuesday, Wednesday we have UK average earnings and CPI numbers coming out. On Thursday we have four quarter retail sales figures from the UK. And on Thursday we have second quarter figures from Nike over the US. We have the Bank of England industry decision on Thursday. And on Friday we have third quarter UK GDP. So keep an eye on those economic announcements this week. They're going to be the big ones to keep an eye on. They're going to be the big ones and cut out some volatility to the markets. I'll start off by looking at the FTSE 100. I'll go through a few indices, a few currency pairs and then some commodities. And like I was saying, the fact that Boris Johnson's pro-bit business conservative party with a size majority really boosted British equities the last couple of trading sessions. Essentially there's been so much kind of political uncertainty hanging over the UK. Another UK hasn't left the European Union just yet. But in advance of this general election Boris Johnson did manage to broker a deal with the European Union in relation to exiting the European Union. Every conservative candidate who was running the general election pledged to support that deal. So the kind of belief is that a no deal Brexit is still a possibility. But the belief is that it's likely that the UK will be exiting the European Union in a matter of weeks. And they've probably been doing the terms that were broker between Boris Johnson and the EU back a few months ago. So we've seen here a decent move to the upside in the FTSE 100. In fact the FTSE 100 has had a level last seen early August late, early August late July. So give you an idea of how strong these are on the FTSE 100. We've had a multi-month high because the sentiment is clearly pushing to the upside. If we take a look at the MACD indicator MACDG, we can see that positive momentum is increasing. So the move that we're seeing in the underlying market has been confirmed by the steady increase in positive momentum. If you press on higher from here, we could be looking at our retail testing 7,600. If the market does take a bit of a breather as we move to the downside, we could see support from government from this area here in around 7,400. And if you drop below that, it's working with FALF, this red line here with the 20 movie average and that comes to play at 73.22. Take a look at what's going on over Germany. The German MACDG is also in for a decent shape. You know, we're not too far away from, you know, 22-month highs that were posted and that we saw only on Friday just gone. So we're clearly in very much of a bullish trend in the upward trends. If we continue to kind of press on higher from here, we could be looking at targetting 13,600 in the medium term. And if you do have a bit of a move to the downside, support could be found from this zone here in around 13,200 or perhaps for this blue line here, the 50 movie average, we could see how it actually is that might be a support at the beginning of earlier on this month. So the metric has been important in the past. It makes it more likely it will be important in the future, but obviously there are no guarantees. So keep up with this blue line here and that comes to play just south of 13,000, 12,992. So the entire zone of 13,000 being a big psychological number and also the 50 movie average coming to play at 12,992, that area might act as support should be able to move to the downside. But if you do have a size of break below that, I could pave the way for this area here in around 12,800 to be targeted. Take a look now at the U.S. markets, they're in far better shape, as good a shape the European markets are in, the U.S. markets are in far better shape. So we're actually far away from a small time highs on U.S. markets. Now we're looking at Dow Jones. So we're currently expecting the Dow Jones to open around 28,195. If you press on higher from here, we're communicating, we're getting 28,200, 300, 400, and so forth, then all these kind of metrics would be fresh all the time highs should we achieve them. Any kind of pullbacks could see a fresh buyers enter the fold because as you can see buying on the dip has been a popular strategy in the last few months. So if we do drift lower from here, we could go back to the psychology port number of 28,000 and even if you drop below that, this is out here down towards 27,500 or three of this blue line, which is there, thereabouts, the blue line is at the 50 moving average that could act as support. And even if you drop below that, we could be heading back down this area here at the lows, the lows of late October in around 26,915. So that was our area, cryptified support should be a fairly decent size, a decent pullback. I should now take a look at the S&P 500. It's a fairly similar picture. We're by the market. We're calling the S&P 500 to open around 3,182. They're thereabouts, which isn't too far away in the kind of region of a fresh all time high. So we can press on higher from here on the S&P 500, we could communicate, we're getting 3,200. And if you go beyond that, you know, 3,210, 20, so on and so forth. Any move to the downside in the S&P 500 could find support from this area here in around 3,136 or perhaps from 3,100 itself. It's only really, even if you have an decent look at the downside, we could find support from this blue line here, the 50 moving average, and that comes to play in a 3,073. Take a look at the Euro versus the U.S. Donner. So broadly speaking, since early October, you have seen kind of a rebound in Euro Donner. Broly speaking, it's been pushing higher. We obviously did hit in late November, if you're looking at multi-week low, multi-multi-multi-multi-multi-multi-multi-multi-multi-multi, but we have been moving steadily higher since then. And if you can manage to hold a ball at this yellow line here, the 1,310 moving average, which comes to play at 1,014.64, if you can hold them above that, we could be looking at retesting this area here in around 1,011.79. And if you go beyond that, we could be looking at this price here in around 1,012.49. If you do have a fairly size of break below the 1,310 moving average here, we could be looking at retesting this zone in around 1,010. Take a look now at the pound versus the US Donner. So starting at a great run on Thursday. Well, the exit post announced also on Friday as well at the back of the fairly decisive conservative party victory at the recent UK general election. So the market scene is very strong, up or trend. In fact, the levels you've seen have been the strongest on the pound Donner since May last year. So give you an indication of how bullish the average pound is. Steady increase in the MACD histogram, the MACD indicator down here. So the market is moving higher. We're seeing a steady increase in a positive momentum. So the bulls are in control. And if you're going to press on higher from here, we could be looking at heading up towards, back towards kind of one spot, one spot 34, 72. There they're abouts. Actually, we're going to be on that. We could be like retesting one spot 36. Any moves to the downside in a pound US dollar could find some support from the zone here in around one spot 32. And even if you don't have a pretty decent break below that, we could look back down toward the psychology port 130 area. I'll take a look at some commodities now, starting off with gold. So gold have a terrific run for many, many months and culminating in a six year high that was achieved in September. But since then, we've seen the market have a fairly relaxed correction of a bit of a drift lower. But the market has been broadly pushing lower since September of the last three months, series of lower lows and lower highs. Granted, we are off, we are off it's recent lows, but at the same time, it's failed to kind of get back above this blue line here, the 50 movie average. And that comes to play at one spot 1478. And while we hold below the metric, it's likely we could see further pressure be kept on the market at the downside. So if you press up lower from here, we could be looking at targeting this area here in a one spot 1445. If you do manage to press back above the blue line here, the 50 movie average, we could be looking at targeting the kind of 1500 area, which is kind of a big psychology number. And if you get above that, we could be looking at targeting this all here in around 1520. Take a look at what's going on on the oil market, starting off Brent crude. So broadly speaking, since early October, we've seen a nice upward move in the oil market, series of higher highs and higher lows. In fact, for the last couple of sessions, we've been comfortably above this red line here, the two of the movie average, and that comes to play at 64 spots 65. So you could hold above that metric, we could be looking at heading back up towards in around 65. Well, if you go back above that, we could be looking at back up towards $66 a barrel. And then if you go beyond that, we could be looking at targeting some of the levels that we saw in early September, in real kind of $69 a barrel. And if you go beyond that, that would be a pretty fairly decent sign that we're going to see fairly gains, but we're going to see further gains. But keep in mind, these highs were achieved in the back of the drone strike at the Saudi oil facility. So it might be some time before we even get to these levels, but it is still very clear nonetheless at the trade to be upside on the Brent oil. If you do drop back below this red line here, the eternity movie average, support could be found from this blue line here, the fifth movie average. You can see that I can support nicely on a few occasions. So might I can support again in the future. And that comes to play at 62 spot 15. And lastly, I should take a look at WTI. Similar to Brent crude, it's pushing higher since mid October. A nice series of higher highs and higher lows. So basically what we're just back above the psychology boat 60 bucks per barrel. If you could continue to press on higher from here, we can look at retesting 62 dollars a barrel. Any moves that are down side in the old market, why fight support in run 58 dollars a barrel. I'll put a check on this red line here, the 50 movie average. Sorry, apologies. The red line is the turning movie average. And that comes to play at 57 spot 59. So keep on after that metric. If you are trading at a Brent crude or WTI, keep in mind, you know, the charts, the two look fairly similar because the markets are moving in a very similar direction. And that ties in with one tenant of Dow theory, whereby the averages must confirm each other. So essentially states, the markets in a particular trend, if a similar market to Brent crude WTI or vice versa, they're moving in a similar direction, you'd be more confident that that trend is going to continue. And that's all for me this week. Thank you for tuning in and please tune in next week. Thank you very much.