 Good morning and welcome to the week ahead video with me David Madden. Today's date is Friday the 8th of January 2021 and the time has just gone 11 10 GMT and I'm looking ahead to next week Which is Monday the 11th until Friday the 15th of January and Before we take a look at what's going on next week. Let's say a quick look what's been going on this week It's been a great run For global equities we've seen multi-month highs multi-decade highs or in many cases all-time highs racked up on stock markets around the world Why is this? Essentially Traders the last few sessions have kind of shrugged off some of the concerns about the health crisis and the lockdowns I'm really focusing on the fact that that is the belief going around that the future By the administration is going to be going down the route of introducing stimulus packages overnight President Trump finally Acknowledged that there's going to be a change of administration later on this month and That was kind of a difficult final confirmation that you know There's going to be a transition of power and with that in the last few days There's been a bit there's been a quite aggressive move to the upside particularly in US stocks Which I've been coming on to the S&P 500 records of records have been achieved and that's rippled off across the board Obviously the lockdowns and the health crisis have haven't gone away, but but the real kind of story has been the belief that the stimulus help story Also playing in the mix always had a very popular very bullish run in the oil market That's with the energy stocks. It was also contributed to the upward move we've seen in some indices What I'll do is quickly run through some of the big economic indicators that are coming out next week Then I go through a few of the popular charts and then talk about some of the kind of corporate stories to watch out for next week So looking at you next week What's going to be in play? We have some China data coming out on the 11th CPI and PPI But the real update in China is going to be later on the week. I'll give the trade data China is obviously at the manufacturing shop of manufacturing workshop of the world But it's internal demand hasn't been great Hasn't rebounded fully in comparison with the retail sales in comparison with this is manufacturing sector So the internal section or the imports component of the Chinese data is going to be very much in play Also the external the exports in China is going to give us a gauge for global demand But keep in mind a lot of the kind of PPE Personally protective equipment and relating to the health crisis itself comes in China Sometimes those figures are skewed By the by updates in relation to the health crisis in relation to exports Also during the week we have CPI and retail sales and the beige book from the US The seat the retail sales are going to give you good indication of demand in the US There's been some concerns recently that there's been a bit of a softening of the Rebound in the economic and the US's economic recovery in the retail sales for the all important kind of from festive period That's going to be a that's going to be a good indication of how much of a consumers will they go and spend money You can a couple of GDP announcements next week We have the monthly GDP reading at the month of November from the UK The opposite there was a lockdown and reduced in England and other parts of the United Kingdom That's going to be likely to show up. We also have the annual GDP forecast Pretty good estimate estimate for 2020 coming off in Germany on the 14th What I'm cooking you now is going to run through some of the big indices and And then the constant corporate stories as you can see here There's the fuss even under it has been in a solid upward trend the last few months It traded above the kind of six thousand nine hundred mark, which is again the highs seen since since basically the crisis began Kind of you know spring of February last year. We can see here that we're hitting multi-month highs We've cooled ever so slightly you could say that the the long wake of the relatively long wake on yesterday's daily candle Could denote a bit of indecision which could mean we might trade it sideways for a bit Or are maybe the upward trend would continue but out of lower a slow pace We're currently around six thousand eight hundred and six six sixty one on the On the on the on the foot you under if you press on higher from here and if we were going to retake Six thousand nine hundred next big numbers left off for beyond that. It's like I do number seven thousand And he moves to the downside could find support from this general zone here in around six thousand six hundred That would say six thousand six hundred and just north of it up here on six thousand six hundred and seventy eight area Actors as resistance on a few occasions. So could may well act as support Very moves to the downside Taking a look what's going on over in Germany as mentioned to get German GDP numbers out next week Germany with Germany's tax has hit a new record high today So that really sums up how bullish it seems today's it's been nice upward trend the last few sessions my series of higher highs and higher lows We're currently north of 14,000 if you continue to press on higher from here because it's uncharted territory Terriers working out towards 14,000 100 200 So on and support upwards kind of say 400 500. It's only really when you get into the high fourteen hundred for then 15 100 they could then potentially come on the radar if they do get lower from here. It could find support This general area here in our 13,600 or down to down towards 13,500 and it's 65 I Took a look at what's going on over in Japan Overnight the Nikkei to take two to five hits highest level since August 1990 So we're talking in a multi-decade highs racked up today's candle as you can see you it was quite bullish It's in this strong upward trend if we press on higher from here We could then be heading up towards 29,000 because we're currently around 28,170 there They're about so far distance away, but that'd be the next really big kind of number to look off for to the upside Any moves lower in the the Nikkei two to five could find support and this is on here in around 27,000 or just south of it in around 26,963 there they're about the lows really What essentially the lowest I've ever only seen a few days ago Let's look to take a look at what's going on the S&P 500 very strong situation in very strong market as well New old-time high was rocked up yesterday when cash trading begins today In about two and a half or so or about two or two or three hours We're expecting it to open a new record high at 3815 that's a current level we're expecting it to open up keep in mind The week head V was recorded in advance over two hours in advance of the U.S. Nonfront payrolls, so these numbers might be all about it these levels could be all about The trend for the last few sessions has been very much to the upside if you press on higher from here So you're going to be looking out for you know the recent recovery up towards 3820 3040 and so on and so forth So the more we kind of keep getting all time highs the more likely we're going to achieve more all-time highs If you have a little bit of a pullback, you can head back down towards 3700 or even the kind of the low there you're on this week in around 3300 3660 So it's a very clear Very clear across all the big those stock markets there in the seas that are in a polish trend What the tenants of doubt theory to the average is must confirm each other essentially says if one if if Markets that are if the markets in an upward trend and similar markets to it are also trending higher you've been more confident of Lou We'll take a quick look to what's going on a couple of currency pairs. We got a couple of Important economic indicators out next week. We have had some weakness in the dollar very recently, but in the last few sessions We have seen the turnaround Rebound is the two and a half year low or even longer than two and a half year low So only at the beginning of the week Pound dollar hit its highest level of over two and a half years. It's drifted a bit lower frauds Has been this has been a move to the different a bit lower If you continue to drift lower from here, you can head back down for this area in one spot 3429 break below that could take us back down for the fifth of a moving average Is he this blue line here? So as you can see after the license support of a complication recently But if the broader up for a trend and pulse early continues Sorry pound dollar. We could be heading up towards one spot 37 92 but keep in mind We have seen Even though broadly speaking the dollar has been weak in the last couple of sessions We have seen a rebound so is this going to be a rebound before the market turns over on itself yet again Or is it going to be at the beginning of a fairly sizable fallback in the dollar? this year is is an Is the euro versus the dollar as you can see here? We're not to hate, you know a fresh over two and a half year high on Wednesday, but we can see here looking on Thursday's Thursday's candle Has the potential to be a bearish engulfing whereby this red red rectangle here the body of The candle completely engulfs the previous days positive candle and now we're moving lower again So if you continue to move lower on the euro dollar We could look at heading back down towards the lows of late late December in around one spot 2129 and move move below that again could take us back down towards one spot 20 If the upward trend continues keep on up for the recent high in around one spot 23 49 And if you go beyond that Apologies if you go beyond that we could then be looking at heading back up towards one spot 2480 a level which wasn't hasn't been seen in a while My apologies. Thank you shirts Yeah, we could be heading back up towards one spot 2480 last seen in March 2018 Keep in mind in terms of corporate stories We got a lot of the UK high street retailers are posting their numbers up next week The big one is going to be Tesco how people are going to focus how they get on over the old important Christmas period Keep in mind That Both Morrison's and Sainsbury's and then the next all other numbers of today The Morrison's and Sainsbury's numbers were probably in terms of percentage sales were quite good as always with M&S the clothing department and the home where disappointed This year is the the the share price of the discharge rather of Tesco It's been a solid upper trend the last few weeks and months. In fact, the highs we saw yesterday Basically the highs every saw since May. So we're talking multi-month highs Nice series of higher highs and higher nose if he continues to press on higher from here when we take out the read the may high of The may high of just just just north of two pounds fifty We could they may be heading up towards up towards two pounds sixty. I was last seen in February last year Also on the corporate front next week. We have JD sports. We have done down. We have boohoo. We have a sauce We've associated British food. We have a couple of updates and housebuilders persimmon and Taylor wimpy Now what quickly go through is now let's take a look at boohoo because the high street has been has pretty hard Because of the lockdown But on the flip side the coin boo boo is open rather quite well out of it because it's a online fashion house Now the company itself and obviously their issues with their presence in relation to its supply chain Which I'm putting negative impact in the share price in July, but the broader trend get at the loans They're all higher and we've been pushing higher the last few weeks and months So they continue to press on higher from here in boohoo. We could be looking at targeting Four pounds a share if you go beyond that We can then be testing the record highs that were achieved in June of this year and boohoo have their update Coming out on the 14th. Now. Lastly, I'll take a look at persimmon one of the biggest home builders in the UK They've got a trade. They've got a trading update a Equal trading update Coming up next week Basically the housing market has been slowly but if the share price the housing market has been grinding higher I'll ask you months. It's found it difficult to really kind of get above It's gonna get towards 30 pounds a share, but if you move higher from here We could take up the recent highs seen it before Christmas heading back up towards 30 pounds a share And then if you go beyond that you can maybe looking at targeting the all-time highs that were set back in February back in February Of 2020 back up towards 33 pounds a share That's all for this week. Thank you for listening. Have a good trading week and good luck