 Hello and welcome to the Monday Market Update with me, Dave Madden. Today's date is Monday, the 1st of October 2018, and the time has just gone, 12.20 BST. Well, I've had a fairly decent start to the European session today. Essentially, the news from North America overnight at the US and Canada have reached a trade agreement to effectively bring in to play a new and revised or revamped or renegotiated NAFTA North America free trade agreement. This has actually boosted market sentiment in Asia overnight and it's also managed to list sentiment here in Europe. I'm also looking at a much higher start for the Dow Jones and the S&P 500. The US and Mexico managed to agree their component of the revised or revamped or new NAFTA deal back in late August and there's a deadline of midnight U.S. time last night which was an agreement was reached just beforehand. So the news of the agreement has boosted equity markets essentially all around the world. There's obviously ongoing issues with the trading relationship between the US and China but for the time being clear, it is focusing on the fact that Dow Jones managed to actually bring in the Canadians into the vote. So that's the big picture. It's been a relatively quiet day in terms of actual individual news stories. The big one would be that the Ryanair issued a profit warning to set up the lower the portfolio profit guidance to blame higher costs, industrial action and also compensation for flight cancellations as the reason for their lowering of the profit guidance. But they're still hoping to make, expecting to make over 1 billion euros profit so they're still actually in very decent shape. Take a look now at what's going on at the Week Ahead. The Week Ahead article can be found on a website if you go to cmcmarcus.com and under the news and analysis section you will find the Week Ahead article among other articles that we that we write. Turning our attention to tomorrow, the Reserve Bank of Australia will release an interest rate decision overnight. No change is expected respecting the interest rate in Australia to remain unchanged at 1.5%. Also tomorrow, we have third quarter figures out from PepsiCo. On Wednesday, we have first half figures from Tesco. We have the IPO of Aston Martin on Wednesday. On Thursday, we have first half figures from Ted Baker. On Friday, we'll implement and also we have US non-farm payrolls on Friday as well. So non-farm payrolls will be will be the most important update of the week. Turning back now to our training platform. As you mentioned, the Week Ahead article can be found on the news and analysis section of our website. But some of the articles that we do actually get posted to the training platform itself under Insights, which is this type here, which I've opened. And it has can be found under Market Pulse, second option down. And also what we have on our training platform is the chart forum. A chart forum is essentially a set of some of the analysts take a screenshot of a particular chart and write a few words about what you potentially could see in terms of price action. And it's also available for commentary by clients. And the chart forum can be found once again under Market Pulse, third option down. So please feel free to check out those, those tools and also for chart forum, please feel free to actually post on it. Turning our attention now to what's going on actually in the markets. I'll take a quick look now at some of the major markets. Turning off the 5200. So the 5200, as you can see here, kind of early September to mid September set a fairly decent run. We saw a steady increase in positive momentum on the MACD indicator. But we have seen the market kind of turnover ever saw slightly. We have seen a slight cooling in positive momentum. But while we hold north this red line here, the eternity moving average, which comes to play at 7,491 is likely that the outlook is going to remain positive. And we should continue to press on higher from here. We could be looking at targeting this yellow line here at the one day moving average, which comes into play just north of 7600. And if we go beyond that there, that metric, that level, we could be looking any back towards 7700. If you do have a sizable move with the downside, I mean, we have a fairly decent break below the eternity moving average, you could be looking any back towards this region here in around the 7250 or 7250 or perhaps even as low as down the download at 7,220. And if you go south of that, we could be looking any back toward this area here at 7,488. The DAX continues to be in a downward trend. The DAX has been losing ground, essentially, since June, it's been a classic example of a downward trend. We've seen a fairly steady series of lower highs here. And once again, we're back below, but why would we remain below this trend line here, which can be drawn through the highs of June, through the highs of July, notice how the market push higher later or actually get up as high as that trend line, we didn't see in active positions yet again in late September. So while we remain south of this trend line here, it's possible we could see the negative move in the DAX continue. And if you do look to continue, if you do look to continue to the downside of the DAX, we could be looking any back down towards this area here in around the 12,120 region or as possibly even down as low as 12,000 itself. If you do have a fairly sizable break to the upside in the DAX, and we do manage to take out this trend line here, we could be looking any back towards 12,500 or perhaps up a high as 12,600. And notice how at the 12,600 market, it managed to act as both support and resistance throughout the summer months. The US markets are in far better shape as I said at the start of the video, respecting the Dow Jones and the the SAP 500 and the DAX 100 to actually open higher in the session. So as you can see here, the big picture for the last few months has been much moved very much to the upside on the Dow Jones. We're looking at pushing higher yet again. So let's start off our trend for the last number of months. If you look at it, push on higher here, we could be looking at targeting the all-time high. And if you go beyond that, if you could be looking any back up towards, if you print separately new all-time highs, the next kind of big psychology number to keep an eye out for to the upside will of course be 27,000. Move to the downside, may find support from this area here, which comes into play at 26,330. And if you go south of that, it may even find support coming to play in around the 26,000 mark. And the possible even that that was low. That was this blue line here at the 50 moving average, which comes into play at 25,871. Notice how the 50 moving average did act to act as very decent support back in mid-August. And if a metric has acted as support in the past, it makes it more likely it will act to get a support again in the future. Take a look now at the SAP 500. We are opening higher and we could be looking at re-testing the all-time highs. The US open is cash open is about two hours time. Once again, the SAP 500 has been in a solid upper trend, a nice series of higher highs and higher lows. And if you continue to push on higher from here, we could be looking at heading back up towards 2,941. And if we go beyond that, we could be then printing fresh all-time highs. We could be looking at heading up towards 2,950, 60, 70, so on and so forth. Moving to the downside, may find some support from this region here, which would be just north of the 2,900 mark. And if you go south of that, you may find some support coming to play in around here, which would come into play in 2,864. Turning your attention now to what's going on in the gold market. So gold continues to be in a downward trend. Gold's been effectively a very solid downward trend since April. So as an example of lower lows and lower highs. Come mid August, we did see the gold market in a very decent rebound. It got north of 1,200, but it's been all time in around the 1,200 region. As you can see here, on more than a couple of occasions, it ran into this blue line here, the 50 moving average, but never really quite managed to actually get above it. As you can see here, we're back below the 50 moving average. We see the market sell off in recent sessions. We've seen a fairly decent increase in negative momentum. So as the underlying market's moving lower, we're seeing an increase in negative momentum. So the rise in negative momentum confirms the downward move we're seeing in the gold market. So we could see the gold press on lower from here. And we could look back down towards this area here at 1,175. If you go south of 1,175, you could look back down towards 1,160. We would have to have a fairly decent break north of this blue line here. This 50 moving average would come into play at 1,2012. And if you do go north of that, you could look back up towards 1,225, or perhaps even up to 1,236. Taking a look at what's going on in the oil market. Starting off with WTI. WTI has been in a fairly decent upward trend since effectively mid-August. Can't example of kind of higher highs and higher lows. Brent has obviously managed to print fresh new four year highs. I want you to come up in a second and the kind of the upward movement in the Brent market has also been dragging WTI up as well. But WTI hasn't quite gotten to a lot of your highs just yet. But if you continue to push on higher from here, we could be looking back up towards the $75 per barrel region. And if you go north of that, we would then be in the territory of any levels not seen since late 2014. Hence fresh four year highs. Should we see it? Any moves to the downside of WTI, may find some support in around this area here, $72.50 or even down at $61. Sorry, apologies, $71.69 or as low down as the $70 figure itself. As I mentioned, Brent crude hit a four year high last year. So we saw four year highs on Brent crude on Friday. The market's been in a fairly decent upward trend for the last number of months. If you do continue to press on higher from here, let's be kind of slick about if you can remember to keep an eye forward with the $85 per barrel. If you do manage to do drift flow, we could find some support to play in this area here in around the $81.53 or perhaps even as low as $80.89 and even if you have a decent set of support make them into play in this area here at $80 per barrel. You know, like I said, we've recently hit a multi year highs. It's been a solid trend for months. Even if we do have a decent move lower in the Brent market, we could see fresh buyers enter the fold because traders are very concerned about future supplies of oil because we're now in October and come early November, the US sanctions on Iran will kick in and Iran's obviously one of the major major overtducers in the world. As I mentioned, the Australian Reserve Bank of Australia, the Australian Central Bank, have an interest rate decision overnight, so take a quick look at the Australian daughter versus the US daughter. In fact, I actually did a video on the Australian daughter versus the US daughter only last week and it was posted here to Insights, so if you want to find that, you can find that on Insights. Essentially, the Aussie daughter, as the current spirit is known, has been in a downward trend, effectively all the way through 2018. Classic example of lower lows and lower highs moving all the way along. As you can see here, on a few occasions, the market managed to run into resistance at this blue line here, the 50 moving average. Some occasions, you can actually quite get as high as it, but as traded slightly above it on a number of occasions, but it remains firmly in the downward trend. While we remain south of this blue line here, the 50 moving average, which comes into play at 0 spot 72, 85, it's likely that the downward trend is going to continue. So, if you continue to push on north from here, you keep looking back down towards 0 spot 71, or the recent low of 0 spot 70, 85, and if you take out the recent low, we could then be head back down towards the 0 spot 70 region. It's only if you have a decent move above this blue line here, the 50 moving average, could then actually start to become more confident that the downward trend has come to an end. And if you do manage to get a press higher from there, oh, apologies, we could be heading back up towards this yellow line here, the 180 moving average, which comes into play at 0 spot 73, 80, or we could also see resistance coming to play in this region here in around the 0 spot 74, 78. Take a look now at the euro versus the US dollar. So the euro versus the US dollar lost a lot of ground between April and mid-August, but since mid-August, the euro has started to have a bit of a comeback, but in recent sessions, we can see here that the euro has become a weaker again. So we saw higher, high, higher, low, higher, high, but now we'll see the market push lower yet again. So if we manage to hold above this area here, which on this region here at 1 spot 15, 10, 1 spot 15, if you could hold above that, we could see potential for the euro dollar to get a push higher and higher yet again. And if you do that, we could be looking at retesting the late September highs of the 1 spot 18, 15. Kind of if you go beyond that, we could be looking at any back up towards the 1 spot 15, apologies, 1 spot 15, 1 spot 18, 50, and if you go beyond that, we could be looking any back up towards the 1, 20 region. Moving to the downside, if you do have a size of a break below the 1 spot 15, 10, or 1 spot 15 area in around here, we could be looking any back up down towards the August low of 1 spot 13. And finally taking a look at the pound versus the US dollar, similar situation where the pound started losing ground versus the US dollar in April, but has managed to have a fairly decent comeback since mid-April. You know, we can see here the market started to have a few kind of higher highs, but once again, the trend of the US dollar has hit the British pound, also a bit uncertainty in relation to brexit negotiations that are going on as well. But ultimately, while we remain north of this blue line here, the 50 moving average which comes to the play at 1 spot 29, 83, if we can hold above that, it's likely we could see the recent positive move continue in the pound versus the US dollar. And if we were to push on higher from here, we could be looking at it towards the 130 to 50 or the mid-September high of 1 spot 32, 96 and 98. And I think I'll be on that. We could be looking at it towards this area here at 1 spot 33, 61. Most of the downside, if you resize the break below the 130 or 129, it's about 83 level here. We could be looking at it back down towards 1 spot 28, 95 or down to the early September low of 1 spot 27, 95. And it goes south of that or could be back down towards the August low of 1 spot 26, 61. And just before I finish the video, if you have any commentary on this video or any of the other videos we've produced here at CMC Markets, please feel free to leave a review on Google reviews. And that's all for me this week. Thank you very much.