 Hello and welcome to the Monday market update with me. David Madden today's date is Monday the 15th of April 2019 and the time has just gone 1150 British summer time. It's been a fairly quiet start to the European session today We've had no major economic news out over the last number of days Over the weekend. We heard from US Treasury Secretary Steve Mnuchin who said that Trade talks between the US and China get you to go Well, and he believes that they're sort of kind of in the kind of end in zone Of a trade deal being negotiated and he said it's going to be far further reaching than any of other of the trade agreements that have been but being put in place between the US and China and It turns a kind of big picture macroeconomic news That's been pretty much it. We had a fairly subdued session in Asia overnight But keep in mind we did have a very strong finish to European and US markets at the back in the last week And I would seem that at least for the first few hours of this this morning's traders This this morning's trading traders have seemed they've kind of been a bit kind of catching their breath as they work Sitting on their hands to a small extent But nonetheless, we fit multi-month highs on European markets and also on US markets only on Friday. So by and large the sentiment is still fairly positive In terms of what's going on today, we do have a couple of US banks reporting Goldman Sachs and also Citigroup were essentially just beginning the process of the latest round of US reportancies So that's probably going to be dominating the headlines for the next few weeks to come I'll be talking about that later on towards the back end of the video when I look ahead to the week ahead But I've hooked up now at the major European markets and see how things are fairing up So it's pretty fairly kind of common theme across equity markets both European and US is that they've been bouncing back nicely Since the back end of 2018 My series of higher highs and higher lows. It was only last week. We hit Multi-month high levels not seen since October on the FTSE 100 We're still very much in that upward trend and should we see the bullish move continue to play out on the FTSE 100. We could be looking at targeting this area here which is 758 the high highs in late September 2018 And if you do see a drift to the downside And we could see fresh buyers enter the fold because buying on the dip has been a fairly popular strategy for the last few months So if we do manage to drift lower from here sport might be found in around the 7400 area or for perhaps from this line here in around the 7,370 mark and even if you have a fairly sizable pullback support might be might come into play From this red line here the charity moving average, which is just north of the 7,200 market the dirty moving average comes to play at 7216 I take a look now what's going on over in Germany on the decks Similar situation in the decks or by it's been a nice series of higher highs and higher lows and a fairly solid upper trend In that for the last few months We're not too far with the highs of today or not too far essentially or similar to the highs that we saw last week So we're pretty much at Multi-month highs highs levels seen since early October And we're never it's fairly clear that we remain in the upper trend and should you continue to press on higher from here We could be looking at targeting this this level in around here, which comes to play in a 12,123 And if you break beyond that we could be looking at it towards the late September high in around 12,450 460 If you do manage to drift a bit lower Support will be found from this area in around here, which comes to play at 11,823 And even if you draft drift below that support could be found from this red line here the dirty moving average It's also common-sized a fairly important metric here Which is in around the 11,690 mark we can see that this that that region of access for decent support back in February 2018 And also active resistance on a couple of times in early 2019 and that Particular zone seems to be coinciding with the dirty moving average So the more indicator the more metrics are kind of overlapping each other more potentially More potential has to become important in the near term should we drift lower from these levels? But like I said the upper trend has been in place for a number of months Even if you do have a size in a pullback towards the kind of 11,700 region 11,600 and 90 the area It's likely we could see the wider upper trend still continue The US markets are in far better shape. I'll start off with the S&P 500 Which marks your close above the 2,900 mark on Friday We haven't seen the market close above those levels since that isn't early October last year So once again, it's all kind of it seems to be a very similar pattern global equity markets printing printing multi multi-month highs Over the time being we've um, if the upward trend continues to kind of push on higher from here We could be not too far away from the all-time highs and the all-time high of the S&P 500 was up around the 2,940 mark and even if you do manage to drift a bit lower I guess we could see a support coming to play in around this area here in around the 2,865 say the 6th region in around here or perhaps even Down at this metric here we can see here and the 2,817,820 mark Which notice that was a fairly decent important level of resistance back at the last quarter of the last The latter half of last year managed active resistance on a few occasions very 2019 and it's a possibility that the 2,817 2,820 mark Might act as a support should we see a fairly sizable sell-off from here But once again, we did a fairly strong upper trend. So most of the downside may attract new buyers Taking a look at what's going on with the Dow Jones The Dow Jones similar situation multi-month highs were achieved for a very much the strong words upward trend And if you continue to press on higher from here We could be like you're heading up towards the kind of towards the psychology born 27,000 mark And even if you do manage to drift a bit lower from these areas support might be found from this area here psychology born 26,000 mark And even if you drift below that An area of potential support could be this blue line here at the fifthly moving average We can see how it acted as support on a few occasions only at the back end of last month So the fifth day moving average might act as a support again in the near term and the fifthly moving average comes to play at 25,828 So if you talk about how the active markets are fairly strong conversely the gold market has been By large strong the last few weeks a bit weak So the gold market has been bouncing back since August, but it's really been to the mid November Have we seen a fairly solid upper trend? We did see a fairly sizable sell-off in February and that the subsequent push higher in March failed to take out The highs of February, but then again the same time the lows of April are still kind of above the lows of March We seem to be in a fair in a bit of a Relatively small range, but nonetheless while we hold above the lows of March and also the lows of January We should enter on the kind of 1280 1276 region while we hold above that region It's like that we could see the wider upper trend continue I should be pressed on the higher from here We could be looking at targeting the get a bit of our size of 1324 and should we go beyond that we could be looking at targeting The highs that we saw in February in around the 1345 1346 region Also, it's an interesting point out at a fairly interesting level here on the and the gold market for pretty much resting on this Vietta line here, which is the water learning moving average and we can see it that active support only Only only in early April only last week and then also it active both support and resistance In November and in November last year So it's metric as it's a track record of being important to support our resistance And it makes it more likely that we'll do so again in the future And we're pretty much resting on that mark at the moment and the water day moving average comes to play at 1286 if you can hold above that We could see further moves to the upside being gained if you refer to size of break below that if you break below 1276 We could be looking any back down towards the 1260 region down around here Or perhaps even down towards this metric in around here in at 1250 Take a look now what's going on on the oil markets. The oil markets have been fairly strong We've been recently ratcheting up multi-month highs, but the volatility has been fairly low on the oil market. So We've been a solid upper trend since late since late December 2018 if that level has not seen Since November last year. So five month highs were racked up And if you continue to press on higher from here, we could be looking at targeting this area here Which comes into play at 73 spot 53 on Brent And I think I'll be on that. We could be looking at targeting this area here in around at 77 spot 95 Move to the downside in Brent Brent crude all may find support from this red line here The dirty moving average which comes to play at 69 spot 29 We can see that actually has bought resistance and supported a few occasions in This month and if the metric was important was important recently It makes it more likely that will be important again in the near term And they believe drop below that support might be found from the 68 dollar region We can see that a few occasions They're there about some that area saw some consolidation. So it could be an important metric in the near term Take a look now at WTI Similar situation where WTI has been bouncing back since late December We've seen a nice series of higher highs and higher lows or classic upper trend in WTI Very similar situation what we saw on Brent multi-month highs were achieved levels that since and since November So five pies were achieved and if you continue to press on higher from here You could be looking at targeting this metric up here. It's this area up here Which comes to play at a 67 spot 80 and if you go ahead beyond that We could be looking at targeting the psychology important 70 dollars per barrel for WTI And even if you do manage to drips a bit lower support could be found from this red line here The tour the moving average which comes into play at 61 spot 19 And below that Support might be found from this area here the psychology important 60 dollars per barrel We can see that that area broadly speaking active of resistance a few a few occasions at the market was pushing higher So the possibility that all resistance might become new support Take a look now on the currency markets Turning off with Euro dollar So your dollar here looking since January has been if in a fairly obvious downward trend I'm fully aware that the highs in March managed to take out the highs in February But as you saw a 30 since we saw a pretty aggressive sell-off yet again In April front of the lows in April failed to take out the lows in March But we're still very much in the in the kind of broader downward trend If you do manage to do a turnover yet again and turn lower We could be heading back down towards the 112 area, but we really need to kind of break below The match lows in around once by 1175 76 for us to be kind of more confident that the We're gonna continue in a downward trend should be press on if you be managed to take out one 14 to the upside We could really get dragon at 1 14 48 Which was the kind of in around the the march highs and if you go beyond that that's the point We could be looking at thinking maybe the downward trend Has come to an end that should be go beyond that level We could be like you heading up towards kind of the 115 region here take a look now at pound US dollar volatility is really Drifted off recent the last two sessions with the granting of a kind of a flex tension it We you know the exit the UK's Exit dates with the European Union has in pushback to potentially as long as the 31st of October Halloween So the last few sessions last week. We did see a pretty low trading range on pound starting So the pound has been broadly speaking in a fairly upward obvious upward trend versus the US dollar for the last over months But that has been making much headway to the north at the same time has been as it's been holding above the kind of 130 region Keep in mind here that this red line here is the Trinity moving average and that comes to play at one spot 2975 if you could hold above the Trinity moving average or up towards the kind of 130 mark It's likely that we could see further gains be made and should be pressed on higher from here We could be looking at targeting once about 32 But if you break below the Trinity moving average, we could be like getting back down towards this year You hear the loaves mid-February in around one spot 27 75 that sort of area I'll take a look now at the week ahead and the week ahead can be found on our website If you want to see the markets calm under news and analysis, you will find if you find the bulk of the articles in myself and My colleagues do colleagues right all to the site. So we have a look now at the week ahead article as I mentioned at the beginning of the beginning of a video common sense and common sense and City group have first quarter results out later today But the two banks are our major players and what major trade major players But they occupy different sectors of the banking sector common-slacks is very much focused on investment banking fees and trading revenue where city group is very much a retail bank Given that we've had volatility drop-off financial markets And given that we had a kind of flattening of the yield curve because the Fed have got indicated that that they're not going to be changing industries for the time for the foresee the future That could impact the the banks profitability Tomorrow Tuesday, we have funer figures from JD sports tomorrow also and choose it We have UK wages and unemployment tomorrow. Also. We have first quarter figures from Netflix Looking ahead to Tuesday and Wednesday We have a number of economic indicators coming out of China first quarter GDP retail sales and industrial production on Wednesday Wednesday the cross Wednesday of Thursday with UK read UK inflation CPI and retail sales on Wednesday and Thursday, we have Canadian retail sales and inflation and on Friday We have sorry apologies on Thursday. We had US retail sales So we've a lot up to add to keep an eye forward it On the week ahead quite a few corporate and economic announcements Which so we could see addition of volatility being injected into the market It's before I go if you any combos to make on this video or any of the other videos We've made here at CMC markets Please feel free to leave review on your views and that's off me to speak. Thank you very much