 Hello and welcome to the weekly market roundup with me at David Madden. Today's date is Tuesday the 30th of October And the time has just gone at 9 30 French mean time Starting off we've had a fairly mixed session in Europe this morning I think markets started off in reasonably okay shape on the back of a positive run in Chinese at the stock markets But we have to give them up a fair bit of the games We have seen in Europe and the first is just about holding on to positive territory While the DAX and the CAC are firmly in the red The couple of stories going on Yesterday we have initially heard from President Trump who said he's considering Ratchetting up addition tariffs on China should trade not to trade talks not go ahead But then he turned around and seemed to be more optimistic in the terms of the possibility of the trade talks actually Resulting in in a deal, but also pointed out That China maybe aren't optimistic as are as hot or as hopeful as he is overnight we heard from the Chinese securities regulator and they're essentially making the process of Investing in Chinese stocks easier. So for share buybacks MLA activity and so on and so forth Essentially, they're kind of deregulating the investment market as a way of actually propping up Chinese equity markets and In Shanghai and Shenzhen we saw decent gains made in both those markets And those gains initially can transferred over here to Europe But now once again a bit of uncertainty as crept into the market and we're seeing largely speaking European stocks in the red What I'll do in terms of the video this this time around. I'll actually change with the format slightly I'll now run through some of the major markets and then towards the end of the video I'll then talk about the major events which are coming out during the week Starting off with the footy 100 I want to talk to you about a certain key level the 200 week moving average Which is this line here. We're trading back above it now But we have traded below only only yesterday and and on Friday The 200 week moving average is a could potentially be a fairly Important level and seeing as what we're back above it It would suggest because you're looking ever so slightly positive if we can hold above it We could that that could potentially be the beginning of the kind of the bottom of it in the market that with that We have seen recently, but if you do fall below it They could be looking any back down towards the march lows of this area here in a six thousand eight hundred thirty one And we go south without we could be looking any back down to this area here at six thousand six hundred and seventy eight I take a look now on the daily chart Talk about the potential upside move if you can push on higher from here And what's your hundred the next time to keep my form the upside would be this high here Kind of late October high of seven thousand one hundred and fourteen And if you go beyond that, we can really heading up toward this region here at seven thousand two hundred and fifty So he talked about the two-to-week moving average on the 14 100 We're also going to talk about it on the on the the tax the German market as we can see here This is red line here is the two-to-week moving average and on the tax isn't considerably worship in the first hundred And it's well below the two-to-week moving average It's a bit it's a bit It's it's quite worrisome that the DAX is below that metric But if it acts can get a back above it and the footsie can hold above hold above its two-to-week moving average It would suggest that we could see the potential of the bottom for me I could be looking to move on our from these levels But why we remain south of the two-to-week moving average on the DAX is likely that the outlook is going to remain negative So particularly here on the weekly chart It's been in a fairly obvious downward trend in recent months So if you do continue to push on lower from here on the on the on the footsie on the DAX rather We could be looking heading back heading down towards 11,000 any moves to the upside In the in the DAX current one in resistance at this area here in that 11,000 just shy of 11,700 if you go beyond that You could be looking at heading heading up towards the at the middle of mid-october high of 11,800 50 And if you go beyond that you could be looking heading up towards 12,000 big psychological number Take a look now. What's going on on the from the Dow Jones? This is quite interesting because if possible possible, so the channel support coming to play if we draw a line between the lows February of this year and also of April and also of May We can see that this forms a trend line here as you can see only only yesterday We actually traded well below the trend line But today we're back above Russia pretty much sitting on the trauma at the moment So if you could hold above that trend line, it's likely that we could see at the wider upward trend in the Dow Jones Continue and if you do continue to push on higher from here We could be making a turn in the 25,000 area or this red line here at the 200 a moving average Which comes in the play at 25,124 But if you fall back below the trend line that will that would signal a bit as you That would say now be assigned for potential further losses and should we push out lower from there We could really get down towards 24,000 Take a look what's going on with the S&P 500 S&P 500 also in due to fairly sizable sell-off recently But notice how we actually managed to hold above just above this this area here 2600 big psychological number and also 2600 wasn't too far away from the main lows So if you can hold above 2600 and also keep in mind if the if the Dow Jones manages to hold above That that trend line support the outlook of both in the seas could potentially be positive if you do look to hold above 2600 on the S&P 500 We'll keep it looking heading back up towards 2700 but a break below this and a break below the the the may low of 2594 would point for the losses and if you do have a fairly sizable If you do continue in the kind of recent downward trend that we've been in we keep it looking heading back down towards this area here The lows of February which come into play at 2532 Take a look now what's going on the currency markets So it appeared that Euro dollar has fallen back into the end of the wider negative trend that started out in April So we did fairly good for the fairly obvious sell-off Let's begin beginning in April, but since since August we've had a bit of a correction But ever since late September with the sell-off appears to be kind of Appears to be kind of taking hold yet again if you do continue to push and lower on Euro dollar We could be like any back down towards the 1 13 area and he moves to the upside may run into resistance in the kind of 115 115 10 region notice our 115 115 10 did act as a very decent level of support over the last 11 months So the possibility that could become your resistance and if you do have a decent break north of that 115 115 10 area It could be looking at retesting the The water day moving average this yellow line here which comes into play At just north of 116 apologies Take a look now at pound dollar similar situation for about the pound verse that the dollar a lot of ground between August and April and for a while They're between a between mid mid August and late September It was shown signs of a very decent bounce back But it would appear that we've been reporting moving lower yet again Notice how the height of October failed to take up the highs of September and of course the lows of October have taken up the Lows of a very very early October and we're at we could we're actually even back below the lows Of early September so if it didn't if you continue to kind of push it over here We could be looking any back down towards the August lows this price here at once about 20 6 61 And he moves back and you're gonna bounce backs In a pound in pound dollar couldn't run into resistance at this area here at once about 28 95 And beyond that we could resistance may come to play at once about 30 Tickler what's going on in the gold market School that a major sell off between once again, but similar to the party dollar driven not a very sizable sell off between between April and August, but we've heard a gold has been pushing higher in recent in recent weeks And only actually only on Friday that actually in a level not seen since actually early July While we remain north of this area here at 1 14 10. It's possible We could see gold continue in the kind of in the kind of positive in the positive move that we've been seen since mid August And he moves to continue move to the upside in gold may run into resistance in a visited up towards 1250 or this price here in 1265 and he moves to the downside could find some support in 1214 and if you go south of 1214, you could be looking any back down towards 1200 mark Take a look now. What's going on in W. The oil market Brent crude oil to begin with So Brent crude oil obviously had a fairly sizable sell off as a WTI TI since mid since mid Sorry since early since early October so it's actually beginning of the beginning of this month So a fairly sizable sell off negative momentum is quite strong But we are seeing some signs of the market pushing higher We are seeing some signs that negative of the intimate is cooling So if you can hold above this area here at 75 and it's a possibility that we could look to actually Pull back some of the losses that the oil market has incurred So we go like heading back up towards the 80 direction if you can hold up if you can hold above if you can hold above the recent lows At 75 17 the possibility could be hanging back up towards the 80 dollars a barrel region But the market does turn over on itself again take out 75 keep an eye off of this this red line here the 200 a moving average at set at $74 Notice how market today that just ever so slightly below the 20 moving average back in mid-August So it has previous history recent history of acting as support So it could act as potentially new support. I should the market turn lower yet again turning attention now to WTI similar Shaped at the chair provides a fairly aggressive sell off since early October and this occasion actually WTI's in worse shape because it's actually Treaded well below the 200 a moving average at this red line here, which comes to play at 76 spots six Sorry 67 spot 68 with this red line here But we are seeing signs of the market trying to kind of get Get back above it But for the time being it is acting at resistance and I think while we were in south of it It's lucky that the at the naked move is going to continue So the market does turn over on itself yet again and take out the recent most here We could really head back down towards 65. We could be heading back down towards this this The mid-August low of 64 spots 66 Once again notice how the 20 moving average didn't manage to act as support for WTI And if it's accidents as a support in the past it could act as a port again in the future And if you do take out that the mid-August low we keep it again You back down toward the kind of mid-June low of 63 spot 58 It's only if yes, you can take retake this year line here at the water moving average at 69 spot 95 Heading towards the kind of 70 mark could then we become more confident that a WTI is going to push on higher And if you do have a slice of break north of the of the of the as they call it the 70 dollar mark We could be looking at it towards the kind of 72 50 region Take a look now at some of the at the week ahead Discussing some of the major update corporate and economic updates for the rest of the trading week The week ahead article coming can be found on our website if you go to your CMC markets calm under news and analysis You will find the week ahead article Obviously today is Tuesday Tuesday, so come events have already taken place So there tonight we have third quarter figures from Facebook. We also have an Apple event Tonight that on Wednesday, we have the back of Japan into the internet rate decision We have a raft of global manufacturing PMIs coming out on Wednesday also on Thursday We have the back of England made decision and on Friday. We had us non farm perils That is that is going to be the most important economic indicator of the week possibly even of the month as well And we're actually holding is a webinar which you're which you are welcome to join sign up for The webinar can be found if you go to our website seems markets calm under learn and they go webinars and events You can see here that we can sign up free for webinar non-farm perils live coverage three sorry 1315 British meantime on Friday the 2nd of November If you've any comment comments on this video or any of the other videos that we've made here at CMC markets Please feel free to leave review on Google reviews, and that's all for me this week. Thank you very much