 Welcome traders to the Tick Mill weekly market outlook for a week commencing the 24th of April, with me, Patrick Munnerly, starting in the US. We are moving into the Fed quiet period ahead of the May 3rd meeting, so there won't be any Fed speakers this week, a relief to some. And I guess the calming of bank stresses and the combination of reasonable activity numbers but persistently high core inflation has allowed the Fed to stick with the message that another 25 basis point interest rate hike is the most likely outcome for that May 3rd meeting, and it's unlikely that this week's data will do little to change that pricing. First quarter GDP is the highlight of the data releases, look for a slightly sub-consensus 1.5% annualized growth rate. Consumer spending will be strong given the blowout retail sales report for January, which was boosted by unseasonably warm weather after a cold and wintry December. However, we can trade an inventory performance, we'll go some way to offsetting that story. Also be closely watching the Fed's favored measure of inflation, the core personal consumer expenditure deflator is expected to rise to 0.3% month over month and 4.5% year over year, which won't dissuade the Fed from hiking rates. We'll also see a fair amount of housing data and consumer confidence numbers, but these are likely to remain subdued. So from a technical perspective, the dollar index has traded down just shy of our 100 target area, consolidating after a move back up from that 100 level to test resistance into the 10210190. So a couple of areas of interest, either we get a close back through 101.95, and if we do, then I want to be looking to engage on the long side, looking for an equality objective up to 102.80s. Alternative scenario is we get a close back through 101.30s. If we do, I want to engage on the short side, tugging and move down to our 100 level. Moving to the Eurozone, and in terms of the data slate, Monday we get German EFO business climate. Last time out 93.3, looking for a 97.3 improvement print there. We also get EFO expectations. Last time out, it was 91.2, looking for a 96.2 print there, and then the current assessment 95.4 last time out, looking for a much improved 98.4 for that release. Then on Wednesday, German consumer confidence. Last time, negative 29.5, looking for a small improvement there, negative 29, was to get France consumer confidence index. Looking for an 80.5 there versus the 81 last time out. Then we get the harmoniser zone confidence print on Thursday, 99.3 last time out, looking for a 100 print this time. And then heading into Friday, we get Eurozone GDP, first quarter, first look. Flatline last time, looking for a modest improvement there to 0.3%, and that runs out the data for the Eurozone in the week ahead. So from a technical perspective, a couple of areas of interest. Any close now back through the 110 handle I want to engage on the long side, looking for a test of our target zone, 111-12 versus our swing low here at the 107-13s. Alternative scenarios, we take out the 179 support, and as long as we hold this 109-90 area, that gives us a downside equality objective at 108-20s. The gain from there, wants to be watching for bullish reversal patterns to re-engage on the long side, same upside objective at that 111-20s. Moving to the UK, in terms of the data slate for the week ahead. Right move, house price index on Monday, last time out there, percentage year of year, 24.2. We get a UK CVI business optimism report on Tuesday, looking, last time negative five, looking for some improvement there. I always get CVI trends, last time negative 20s looking for again, more improvement there. And then heading into Wednesday, CVI retail sales, last time one, just flat mining really, so looking for again a modest improvement there in terms of retail sales in the UK. And heading into Friday, Lloyd's business barometer, that's last time out, printed a 32 handle. And then we'll also get UK nationwide house price index, last time year of year, percentage negative 3.1. So again, I think we'll be looking for any signs of optimism in the UK housing sector. From a technical perspective, sterling dollar, consolidating through the past week in line with other pairs here. Let's just see what we've got in terms of the swing structure here. So whilst we hold resistance at the 124-70s, when the quality objectives are down to 122-80s, from there, watch your bullish reversal patterns to re-engage on the long side, looking for a move to our next target zone, which is 126-50s in a test of that weekly descending trend channel resistance. Alternative scenario is we don't get the deeper pull back to test the quality objective. And we're going to close back through 124-70s, 124-80s, and again, want to engage on the long side, same upside objective for now. So moving to Japan in terms of the data slate, pretty quiet really next week. The main event is going to be the BOJ policy meeting on Friday with the BOJ Outlook reports as well, or separately some Friday. And it is Governor Ueda's first meeting as Governor of the Bank of Japan. Markets aren't expecting at this stage any significant moves to be made at this meeting. It would appear that it's going to be a more gradual process in terms of the yield curve control strategy and starting to walk that back. So from a technical perspective, the Jolly Yen tested into the target area, the interim target area of 134-74, so nice reaction now. So I'm looking for a move back into 134-60s, watch your bearish reversal patterns there. First test will be into the high volume area of 133-14s, and then down into this trend channel support 132-30s. Moving down under to Australia, we have in terms of the data calendar on Tuesday, it is a public holiday. Wednesday, we get consumer price index looking for 2% there, quarter over quarter, 7.1% year over year. For those consumer prices, we get the RBA trimmed mean CPI as well, looking for 1.9% and 7.2% on an annualized basis there, with the inflation still running just a little bit hotter than obviously the RBA would like. Then heading into Thursday, we get export import price index, looking for a 1.9% quarter over quarter, with the first quarter coming in at negative 0.9%. Then running out on Friday, we get private sector credit not for the month year over year, looking for 0.7% and a 5.8% print there on the year over year data. That runs out of the data down under in Australia. From a technical perspective, the Aussie dollar continues to trade in this corrective ascending trend channel. So what I'm looking for is any pullbacks into support of the 66-40s, watch your bearish reversal patterns there. So engage on the long side, we've got an upside quality objective at 16.814s. At this stage, it would take a close back through the pivot low here at 66.19, suggest a deeper move back down to this monthly adjusted range sport, and then the prior cycle lows at 65.60s. Last but not least, let's get a weekend updates for the risk barometer of no being Bitcoin. Bitcoin looks like we're seeing a five-way signal to the downside here. So 28,330 area, watch your bearish reversal patterns there for a fifth wave of ascension down into this support zone at the 26,500. Now from there, watch your bullish reversal patterns to engage on the long side, looking for a move up to test trend channel resistance back into the 29,416 level. That concludes the weekly market outlook for a week commencing the 24th of April. As always, try to plan the trade, trade the plan, and most importantly, manage your risk. Until next week, thanks very much.