 Good morning ladies and gentlemen and welcome to your daily news update from the Frankfurt office of CNC markets The Federal Reserve yesterday actually did not hint to Any sort of rate hike that might come in March at the next meeting when there will also be a press conference They did not hint to any sort of reaction to the fiscal Fiscal policy the Trump government wants to initiate or the expectations that have been changing so no hint to any Government and fiscal a polity politics side from the Federal Reserve yesterday, which led to a decrease in the probabilities of another rate hike At the several Fed meetings So a little drop of probabilities at for a rate hike in their March meetings a little drop for any succeeding meetings So that was what we saw yesterday a another weaker US dollar after the Federal Reserve the day before we had a Navarro and Donald Trump actually Saying that the US dollar is too strong and now The US dollar moved down then we had a little consolidation and yesterday with the Federal Reserve There was another drop in the US dollar So for the time being we had good numbers and good earnings numbers from Apple We're somehow increased and Yeah Actually led to a better mood on Wall Street But the February the month of February normally is a month Which is typically weaker so bear that in mind and we also have the honeymoon rally Which actually ends one or two weeks after the inauguration of the new president so that is Somehow this or next week it should end and so we are in correction territory Which is a healthy thing for itself because we have quite a run-up on on inequities and equity prices So some correction might just prove to be healthy to continue to go up and the rest of the year That might be a scenario that we have so we had a strong move up And we are now in a retracement and from that retracement 38.2 Fibonacci 50% or 61.8 We might bounce off of those supports and just go up again