 for the webinar itself. So just before we actually begin the webinar on today, Monday the 21st of August, just have a read of the webinar yourself. Just have a please read the risk warning yourself. I just need that on screen there for you to read. So that concludes the actual webinar. That concludes the risk warnings for the webinar itself. Now we can actually proceed with the actual main event of the webinar itself. So taking a look at the movements over the past number of days, what we've seen is that, I suppose the big macro story is that this week marks the beginning of the 10-day military exercise the United States of America and South Korea carry out every single year. It's sort of a practical run-through of what would happen in the Korean peninsula should we see some aggression from North Korea. It happens every single year and then I think it's a bit of a way for the South Koreans and the United States to show off to the world what would take place. What would happen should there be an attack launch from North Korea. Every single year the North Korean regime has an angry response to this. It's not best pleased by this decision and as you can expect, we could expect another angry response this year and bearing in mind tensions have been running quite high in that part of the world very recently. So that's been the kind of major news over the weekend. What we also saw was we had some house price data from the United Kingdom. The right move house price data for August showed average house prices in the UK declined by 0.9%. Out of China tonight, well today rather, we had the PBOC, the People's Bank of China, the Chinese Central Bank injecting 50 billion won into the Chinese banking sector. On the back of that we have seen the push higher in base metals and in turn the share price of BHU Billiton, Rio Tinto, Anglo-American, Glencore, Artificasta all the usual big miners of course have benefited from the push higher in the actual upward move that we've seen in the price of the underlying metals market. We have seen some quite strong moves and positive moves in the independent based metals market. High-grade copper, zinc and so on and so forth have done quite well in recent weeks. So we have seen some positive upward moves in the mining companies on the back of it. Taking a look at our week ahead on the news and analysis section of our website that's where it can be found. This right here is all the updates we do, some of the updates we do throughout the day get posted to the news and analysis section for the week ahead article. Click on the filter by topic, scroll down, third option, weekly outlook, click on it here, weekly earnings calendar commencing the 21st of August 2017. To be honest with you, in terms of both corporate stories, it's very, very quiet. We have a few about a whole lot in terms of economic indicators. It's also fairly quiet. So in terms of big economic, big corporate stories to watch out for this week, we fuel a pack of enterprise reporting tomorrow on Wednesday. We've got a couple of UK companies, we have Krillin, Krillin and we also have WPP and we also have Lowe's from the United States. We have a number of companies reporting on Thursday, but to be honest, nothing a whole lot of any major significance. Taking a look at our economic calendar, which is located here on our website on the training platform is under the market pulse tab, fourth option down. What you'll have in the market calendar sector is a breakdown of all the major economic events penciled in throughout the week. It'll also give you a forecast of what to be expected from which economic event and also the previous reading from the economic event. So taking a look at Tuesday, we have German, the ZEW confidence numbers coming out of Germany tomorrow morning. We also have the CBI industrial trends from the United Kingdom. Turning our attention to Wednesday, we have the PMI figures from Germany. We also have the PMI figures from France. We also have the Eurozone as a whole. We also have consumer confidence from the United States and as we do every single Wednesday, we have the all imagery figures, the energy information agency numbers come out every single Wednesday at half past three. Turning our attention to Thursday, we have revised GDP numbers from the UK at half nine. And then as you do every single Thursday, we've initial jobless claims every Thursday at half one. At three o'clock on Thursday from the United States, we have existing home sales. And on Friday, we have the German GDP numbers coming out at seven AM. We also have earlier than that we have inflation figures coming out of Japan. We have the German IFO business numbers coming out at nine o'clock in the morning. And we have some true good numbers coming out of the United States. Also bearing in mind, the biggest economic event of the week is going to be the Jackson Hole Symposium, which kicked with last for three days and kicks off on Thursday just coming. It's been out in the news for over a week now, for about a week now. That unfortunately, Mario Draghi is not going to be discussing. It was suggested by a couple of underscore sources from the European Central Bank that Mr Draghi will not in fact be discussing European central bank monetary policy for quite a while. The we had traded speculating that Mario Draghi was going to begin was going to lay the foundations for talk about tapering the euro zones, the ECBs 60 billion euros per month bond buying scheme. Because bearing in mind, it was Jackson Hole three years ago, when he first hinted at lay the foundations for the European Central Bank going down the route of a very aggressive monetary easing policy. So it looks like that that that appears to be off the table. We have seen some negative implications for the single currency and the back of that we should discuss now in a moment. But that is by far the biggest economic indicator of the biggest macro economic story of the week. Let's take a look at some of the big markets. And as always, the usual one down a covers of the major indices, the major commodities, major currency pairs. That'll be that'll be the bulk of the actual webinar itself. If you do have any markets you want me to cover which I which I haven't covered, just feel free to stick it in the comment section or the chat section, and I'll be sure to include it. And taking a look now at the FTSE 100, the UK 100. It's been a very much sideways trading for the last number of months. But we're now up against a very important level here. We're currently trading at 7325. And this price here at 7295 has been a big area of support in key support for the last number of months. We tried to break them through it on a few occasions. We haven't quite got there yet. But with the exclusion of this large upward move here in August, it has been by and large, we've been pushing lower. And we all seem to kind of pushing back down towards the bias seems towards the negative side. So this is going to be a big level to watch out for. Should we break south of 7295, the next big level to watch out below that, it's going to be the tunerty moving average at 7260. And then below that, it'll be 7200. Any moves higher in the FTSE 100, we're going to counter resistance at the 50 moving average of 7416. And then beyond that 7481. If we while we remain below 7481, I think I think we could continue to see a negative outlook for the FTSE 100. Over in continental Europe, things aren't looking as rosy. The German market, the DAX has been in decline since June. And we still have very much in the downward trend that we've been in. It's a fairly clear and concise downward trend we're seeing here. A downward trend is defined as lower lows and lower highs. The creation of the first lower low, the lower high move to a lower low, lower high, another lower low. And then it failed to take out the previous high. So you could, you could argue that this is another lower high for the DAX in Germany 30. It's a very clear downward trend. While we remain south of 12343, the August high, the outlook is going to, the outlook is going to remain bearish for the Germany 30. The level to watch out for to the downside is going to be the Trinity moving average at 11,970. As you can see, it's previously acted as support here. So it's going to be a big level to watch out for to the downside because it has already acted as support should we move south of it with them bearers and sellers, we'll be looking towards 11,800 and 11,692. But if you do see a break north of the resistance at 12,343, we'll then be looking towards the one or day moving average at 12,456 bearing in mind, it acted as support on the way down once they really decided to break through it. It didn't get anywhere near back up to it. Even though the United States indices were looking much better compared to the European counterparts for several weeks, we have seen quite the greatest sell off in both the S&P above the Dow Jones and the S&P recently. So we could be could be assigned that the client inequities isn't just confined to Europe. It's also it's also spreading to the United States. So speaking of classic downward trends, creation of a lower low, lower high and the creation of a new lower low. This the aggressive sell off and decline in price is also mimicked by the decline, the aggressive decline in negative momentum. So while we can see the price moving lower and the negative momentum picking up pace, we can be more confident that that this move is here to stay. Should we receive prices lower and negative momentum is declining versus positive, that would be a sign that there's divergence. And with that, we could see potential price turned around. But as they're pushing lower, keeping in mind, we haven't even kind of stopped short of the resist of the support rather, at the 50 moving average of 21,633 a break below that will then bring us back towards 21,400. And then south of that, sellers if you're looking towards a 100 day moving average at 2664. While we remain south of this price here, just north of 22,000, the outlook is going to remain negative for the Dow Jones. It is worth pointing out in the grand scheme of things, the markets are in a very positive trend. So so as we move lower, we could actually see fresh buying commitment to play, but the kind of more near term trend is to the is to the downside. It's a similar picture. I thought it's not actually slightly bleaker for the S&P 500. Similar situation where by a new lower lows created a lower high and the new lower low, we're trading well below the 50 day moving average on the S&P 500. And it's actually the 100 day moving average in around the region of 4,000. Sorry, 2,420 that is actually providing that is actually providing the support. So that's going to be the key support to watch out for. The price action is heading south, creating a lower low, lower high and another lower low points to the downside. We're seeing negative momentum is actually increasing. So should we take out the 100 day moving average at 2,420, we're looking towards 2,405 and then back down towards 2,380. We would need to take off this level here go north of 2,470 before we can become more confident that this is just a kind of a minor pullback in the grand scheme of things. Taking a look now in the opposite on the opposite side of things, taking a look at the commodities market. Gold is still trading lower on a comparison to last week moves, but it's still very much in its upward trend. The gold market hit a new 2017 high on Friday traded up to just north of $1,300 per ounce, but then it quickly sold off after that. So that is slightly to be something to be worried about creation of a of a highest level we have seen since November 2016 and then it quickly sold off afterwards. So it is also worth pointing out that slight cause for concern that positive momentum is still catching on, but he hasn't really gained a whole lot. When you see prices move higher and momentum doesn't really correspond to this. It could be assigned that the move higher may not last, but nonetheless, the price is the element to watch out for. While we remain north of the support at 1280 for gold, the outlook is still going to be positive for gold. If you break below, it's a different story that could be above a game changer. But while we remain above 1280, the outlook is going to be positive. And traders will be looking towards 1300 and 1308 as the levels to watch out for surely move south of 1208. The region in this kind of 1170 1165 that's going to be the next support level to keep an eye on. If we then move south of that, then we can become then then we become wary that we could be headed this could be the beginning of a downward move. And that would be looking back towards the fifthly moving average at 1252. Continuing with the Kamali theme, turning our attention now to the energy market. We're now looking at Brent crude oil. Break crude oil obviously had a jolt higher on Friday, but we seem to kind of can't really kind of get beyond Friday's high today. While I mentioned about positive, but I was mentioning about momentum yesterday. Only only only only five minutes ago. While the price of oil was declining here, we saw an increase pick up in negative momentum. And now we're seeing a decline in negative momentum and the price is not to be is not to be higher in the last few days compared with say, it's Tuesday and Wednesday of last week. So we could be looking to kind of retest the August high of 5383. And should we do that, then traders will then be looking towards the may high of 54, 57. And then beyond that, that the the next step of the watch out for will be 56, 53, which of course is the April high. So there's a left to keep out for to the upside on Brent crude oil. Should we move south, we could find support, as we will be trading a couple of times below the support at the fifthly moving average. So we could find support in around the $50, 55 cents down to around $50 itself. But should we move south of 50 bucks, that will will be a bit of a concern that this is the is the beginning of a move lower. And then traders, we're looking back towards the $48 and 92 cent mark. It's a similar move that we witnessed on WTI. As you can see here, pushed higher on Friday, given back a small bit of ground since then. But as you can see, negative momentum is dwindling nicely. So this could be this move could here could well just be a correction in the wider move to the upside. And we've given back some ground health support at the fifth of the moving average. And this could be the market going to pick up momentum again, and having another test at the July high of $50 and 27 cents. And then should we break beyond $50 and 27 cents, we're looking towards $51 and 66 cents from the May high. And then of course, the April high is $53 and 56 cents. If we break if we take off this level here, the 50 moving average $50, $46 and 38 cents, the previous the which has been the low and the support in August, then we could be looking towards a move further further south, back towards $44 and 93 cents, then down to $43 and 50 cents. Like I said, any any markets you want me to want me to cover, feel free to the stickman stickman chat box, and we'll get around to talking to that before the webinar is out. Turning our attention now to the euro versus the US dollar. It's obviously had a great run for 2017. Basically, from August onwards, from early August onwards, we have seen the currency pair hand back some of its gains. For a couple of reasons, as I mentioned at the very beginning of the webinar, the we had a couple of unnamed sources from the European Central Bank stating that Mr. Draghi would not be talking about tapering the European Central Bank's 60 billion euros per month bond buying scheme. So a lot of the movie we saw here, especially from June onwards, has been was a lot of money was poured into the single currency in anticipation of Mr. Draghi laying the foundations of the groundwork for a potential shift in ECB policy. Now that we haven't seen that, we are seeing some pushes in some ground being given up on the euro versus the US dollar. Not to say that this is going to be a complete turnaround, but seeing as negative momentum grew all along here as the price was declining and we still haven't really gotten, we haven't seen any kind of major tapering offer decline in the negative momentum. We could be looking at a negative move or setting a pressure on the single currency against the greenback for at least for another while just yet. We would want to take out this level here at 1847 before we can actually before we actually get a regain confidence in the euro versus the US dollar. If you take out that level, then we've been becoming more confident that we're that that the client we saw was just a sell off or some profit taking or a pullback in relation to the kind of wider positive upward move. And should we take out 1847, we then be looking towards the the August high of 1910 and then of course beyond that, the big psychological 120 level. But if we move, continue to move south, should we take out this price here, the the low from Thursday at 1662, then traders we're looking towards back towards 1613. And then below that, the 100 day sorry, apologize, the fifth day moving average would then be put on the radar. And that kind of coincides with the support at 114 79. So the fifth day moving average is in at 115 18. And then and then the support from the upward move in July at 114 18. So that way the region to keep an eye on should we take out one 1630 on the euro dollar. Turn your attention now to the pound versus the US dollar. So this was coming up as over two weeks ago, this this red candle here that we sell off on the Thursday, the third of August, we had a product with a double shop date from the Bank of England. It sent pound lower versus the US dollar and it hasn't really kind of gained any ground since. As you can see here, while the market was falling off, we did see a increase, a stepping up of negative momentum to was increasing all day long. We've seen a slight decline in the rate of negative momentum. And that's kind of matched by a kind of failure to really kind of make make a concisive and divisive concisive move below the 100 day moving average. So this could be a sign here that the pound is encouraging is encountering buyers in around 100 day moving average against the US dollar, which is that much that that price is in around the 128 74 region. So should be gonna should be hang remain north of the 100 day moving average. The next level to watch out for to the upside will be 129 38. And then of course the 130 level itself. And then beyond that 130 59 and then towards 131 64 this price up here. What you would like to see to be more confident if you're buying into a market which is which has declined, you would like to see a tapering off or declining in negative momentum. Because as you can see here, so this doesn't always kind of guarantee it. But if you look at this this price action here, as you push to lower lows, before we had the upturn here in late June, we saw negative and declined and the positive then momentum turned positive. So you would like to see that replicated on the momentum indicator. Should be make should be move decisively lower below the 100 day moving average at 128 80. We'll then be looking back towards 128 the figure itself. And then south of that, we've been looking towards 127 16. And then of course, the big one to watch out for will be the 200 day moving average at 126 45. The euro starting it's had a great run. And it's pretty much knocking on the resistance just created only on on Friday. We're currently trading at 91 28 on the euro versus the British pound euro sterling. The high just created on for the year 2017 high multi year high for the euro versus the British pound is that one sorry 91 49. That's going to be that with the watch off or to the upside. We've been in a very strong and kind of solid upward trend for the for the euro versus the British pound. The trend is your friend until it comes to an end as that old market saying goes. But should we see any pullbacks in the euro versus the British pound, we could see some buying entered in entered the fold in around this region here at 90 88 and then south of that this price here at 90 52. So it's a fairly clear and concise upward trend. So we should. So the next step of the watch off or to the upside will be 93 on euro sterling. It is slightly worrying though that we are seeing a bit of a tapering off in positive momentum when markets when prices is creating new multi month higher multi year highs and the momentum the rate at which the market is moving upwards is declining. It could be a bit of a sign that we could see some a change or a turnaround in the price. We could have a scenario whereby the momentum that the buyers have is running out of steam and we could see a bit of a pullback and should we see a pullback as I mentioned 98 88 and then down towards 90 54 will be the levels to watch out for and then of course 90 itself. Turning our attention now to the dollar yen the American dollar versus the Japanese yen. This has been aggressively losing ground since July. It's very much pointing south only on Friday. The low that was created on Friday took out the low of June. As you can see here in the last few sessions we have seen negative momentum ever so slightly creep higher. So it's very much to the downside we're looking at on the dollar yen that the the the low here created on Friday just gone at 108 63. That's the level that next level to watch out for to the downside and then should we take all that clarity that we're looking towards the April low of 108 13. Any rallies we're doing counter in the dollar yen could encounter resistance at 110, 110 37 and 110 62. We really would need to take out sort of say around 111 or maybe even up as we're 100 and the 50 moving average are at 111 22 and 38 respectively before we can actually become more confident in a positive our upward move. I take a look now at the dollar index and then I'll do a recap of the DAX and then we'll come then we bring the the webinar itself to an end. So taking a look here and the kind of longer time frame from late May up until now it's been a very kind of clear and kind of size downward trend creation of a lower low lower high and then all the way down here very kind of clear and concise downward trend in the dollar index but we have seen some positive moves since over the last maybe three weeks or so going on three weeks below here created on the second of August so coming up now on a few weeks the market has been has been pushing lower if we do if you do continue to see a push higher in the dollar index the next level to watch out for is going to be this price here at 94 27 and then beyond that 95 itself the dollar index it's been in such a kind of a large we have since the large selloff in the u.s. dollar a bounce back isn't it's hardly surprising it would only be kind of a move north of 95 could you then become more confident that that they that you become more confident that it's actually a correction of the move that we witnessed the selloff we witnessed from late May if we if you're going to fail to take out 95 it could be just a a bounce back an interim bounce back in the dollar index before the if you want to add the next move lower I should move south in the dollar index the levels you watch out for to the downside would be this price here the first person to keep an eye on to the downside at 92 83 and then below that we've been looking for the recent low of 92 0.4 right I will just now recap on the Germany 30 the the decks and then we would bring the as I showed you a couple of things on our website and then we bring the actual webinar itself to an end so looking at the Germany 30 here it rallied all the way to 2017 created a new all-time high here in june but ever since then it's been pushing lower and the context book definition of a downward trend is a creation of lower lows and lower highs so the market creates an all-time high here takes out the recent law and the support in in around this level here quite decisive as well quite large selloff here a steep red candle we're seeing here trades through through that creates a lower low pushes higher here gets curtailed runs out of steam at the 50-day moving average which previous support becomes resistance can take out the 50-day moving average and it creates a lower high then after that turns turns lower again taking off most recent law going on to create another new low here the market push is higher but yet again can seem to actually turn around and resume the upward trend that it previously was in for so many months runs out of steam turns over on itself yet again so we create another lower high here and then the market creates another lower low here obviously the journey moving average is a big is a is a big level to watch out for certifies action whereby whereby traders are not wondering the movie saw here from up to um well that's that's called the 12,900 and then it pulled back here of about a thousand points people are going to be wondering is this move lower of a thousand points just a market handing back some of the profit curtail pullback pull back or hand back some of the profit that is maybe because it's been in a very obvious and powerful upward trend and then are we going to actually move higher from here or are we deployed whereby the markets going to turn over on itself yet again trade through the turn the moving average and continuing the downward trend that has been in since June we haven't seen any evidence that the market is going to get a push higher as of yet while we remain south of this price here 12,343 the lower the lower high from august the outlook is going to remain negative but we would be more confident of a continuation of the downward pressure that we've seen should we take out the turn the moving average and the turn the moving average comes into play at just shy of 11,970 so if we move below the turn the moving average then we can become more confident of a continued sell-off in the facts so let us watch out for it to the downside 11,969 the turn the moving average and south of that we're looking towards 11,800 and then below that we've been looking towards the old support from February at 11,692 if you do take out the the resistance at 12,343 we then be looking towards the 500 the 100 day moving average at 12,456 and then beyond that we will be looking back up towards 12,576 and then beyond that 12,678 it's one of those things in the as a market when a market's moving in a certain direction the lower that the lower the market goes the more confident you can be can be of a continuation of a lower move and the more higher the higher it goes the more highs it takes out and the more new as it creates the higher it goes that the more confidence you can be of the that that market continuing on in that direction it is up to you when do you want to get involved do you want to see if we break below the turn the moving average or do you want to take a short position in the expectation it's going to take off the turn the moving average or do you want to wait and see until it breaks through this resistance here at 12,343 or do you want to go ahead and buy in advance of it so it's entirely up to you just before we go today is Monday the 21st of August because this day next week is a bank holiday there will be no webinar next week next Monday but there are other webinars to keep an eye out for so this week on Wednesday the 23rd at 1930 BST British summertime we've webinar covering the global market report also on Wednesday we on the following Wednesday on Wednesday the 30th of August we have a 1930 BST British summertime we have the introduction to Binary's webinar and on Friday the 1st of September at 1315 BST we will have the non-farm payrolls webinar live covered by analysts here in London and also over in Toronto as well and then Monday the 4th of September we will resume with the weekly Monday market update with myself Dave Madden at the future time of 1215 as always I mention every single week just keep an eye on market insight which can be found under the market pulse this is the inside here some of our updates get put up there from around the globe same a chart forum chart forum is the third option down on the market pulse tab it's essentially it's we write a few characters about a particular chart that we find interesting and a lot of the stuff that we cover in our webinars will also be replicated what you see in our commentary and analysis from the actual chart forum itself so I do thank you for your patience I've been Dave Madden market analysts on CMC markets thank you for your patience have a good trading week and have and good luck