 Okay, I think we've got sound going now. All right, sorry for that delay. Please confirm if you can't hear me, but I think you should be hearing me at this point. Okay, we've got the risk warning on the screen, which we will read this first page at this point. Okay, so basically Fed week this week, with the Federal Reserve meeting, that's probably going to set the tone of markets so far this week. Looking, it was a bit of a tentative start just a couple of hours ago. We're looking slightly higher on the US markets, but US stocks are looking sort of decently amount higher today, and I think in large part just can follow you on the sentiment from Europe. We haven't got that much in the way of economic data today, or really any prominent earnings except after the close, which is not going to obviously affect today's trading, regarding some Apple. So if you haven't checked it out already, and even if you're not necessarily going to trade Apple stock, then you still check out our Apple report. To me, Apple is such a success story, and so many fund managers hold Apple shares, that if Apple does well, it's really helpful to the stock market in large. If Apple disappoints, then that literally will have a big bearing on stock market. So there was one of the big news items last week that the NASDAQ Composite, you'll notice in our platform, we trade the US INDAQ 100, which is sort of a proxy for the NASDAQ 100. So not the same as the Composite, but the Composite made new record highs last week for the first time in 15 years, and a lot of that gain is because of Apple. If you actually break down how much each company within the NASDAQ has contributed towards that gain, Apple has contributed something like 20% out of the sort of 25-odd percent gain that the index has made in the last 12 months. So Apple's pretty significant, but that's tomorrow what we also have on the cards for. I mean, I think there's a few things going on this week, but some of the things I've got my eyes out on the most will be UK first quarter GDP tomorrow, particularly in the light of what's been happening in cable recently. So if we bring the cable charts up, this is the weekly chart. And you can see we've obviously been plummeting in a pound against the dollar. This test of this 21-week SMA works this time. We've made new lows. Didn't really make any new lows past here. We weren't really able to close the week below. We've pushed up. And now, as of last week, we've closed right at this peak here. But it's also on the 21-week SMA again. And so entirely possible that we just roll over from here down to the lows again, maybe even new lows. To me, just based on barely the new low being created there and the kind of break of what I deemed this to be a quite important level that we were bumping up against, basically the 150 round number. Having moved through that, I think the momentum shifted slightly to the pound. But whether that continues in the short term, I think may largely rest on this UK GDP figure. Because the growth was looking a little dicey, a little slower in the first quarter. But it seems to have picked up since. So maybe if it's not as bad as expected, then that could be quite good for the British pound. The main driver for pound dollar is dollar news. So don't get me wrong. If there's whatever happens out there, the Fed is going to be the main driver. But the reason the pound might outperform others, other currencies and dollar terms would be this GDP that we've got tomorrow. And also big news for the UK tomorrow. We've got earnings from BP, British Petroleum. Barclays reporting on Wednesday. It's got another big earnings report. And then US GDP report on Wednesday at the same day as the Federal Reserve Policy Meeting. So I was just having a quick look at cable there. But let's just go straight back to indices and look at the UK 100, our proxy for 50-100. Again, we're on the weekly chart again. To me, just notable that we've got a couple of Haramis on a weekly chart here. So Haramis are candlestick patterns, similar to an inside day. But it's more about the body of the candle than the high and the low. So here you can see that basically the body of this week was inside this week. It's not hard to do. It wasn't given the size that week. And then the high is down the low. I mean, this is definitely an inside week, but it's also another Harami. So you've got kind of two weeks of Harami going on here, which basically symbolizes sort of consolidation, a trading range, which typically you go for, the cycle of the market is trading range to break out to trend, to range to continuation of the trend, or reversal of the trend, range to trend, range to trend. That's the kind of flow of the market. So here's the range at the top of the market. Possible indication based off of this divergence here, which you can see where the RSI is not really made in New High, but the index has and got this rising kind of possibility of a wedge pattern here. So it suggests that there could eventually be a push out lower. But at the end of the day, the trend is higher. So never particularly recommended to trade against the direction of the trend. Just important to note when things, there was a few signs put together that could indicate a reversal, not necessarily for trading it, but at least for being a bit more cautious if you are going long. And let's just go down to the daily chart. And so here you can see this line again. This is where these inside weeks were. Here's that RSI divergence on the daily chart again. And so probably right around the 7,000 is the big round number. We managed to hold off it, bounce off it a good number of times, which in itself is quite a bullish sign. But a drop through there to me probably marks a move down to this rising trend line, which sits around 6,900 odd. And not too far away from our 55-day FMA, which hasn't been working especially well as an area of support, but still worth FMAs and not necessarily useful just for getting a specific bounce off but just telling us where we are in the shape of the trend. So these moves through the 55-day moving average here basically just tell us that the trend is not a really fast accelerating trend, which we can also see from the wedge pattern. So that being the case, we've got to kind of trade expecting corrections in line with a slower-paced trend rather than just very minimal corrections. So we've got this move up here. If this ends up being the end of the correction, we fire off. Then that's an acceleration of the trend. We're moving way above these moving averages. And then we've got to kind of pace ourselves according to shallower corrections if that trend is to continue. So let's just have a look at Germany while we're staying in Europe. Now, a bit of a tricky one there. Now, this was a fast accelerating trend through to March. Got a new high in April, but not really much of a follow-through on it, and we've traded right down to the lows. Now, in the latest price action to me, this is kind of a bullish arm. We had a strong move down that week, but we never actually moved below the lows, and we managed to kind of break above this inside week. Not much follow-through on the upside, but since we've managed to hold on to the 11,700 for a few weeks running, not managed to close above it. And now we've potentially got this move above this declining trend line. Now, I put a dash because it only touches a couple of highs. Not particularly meaningful, but does give us some indication of the change in trend. The big one for Europe this week, so for trading the Germany 30, but also on jumping across, jumping around a little bit here, but just jumping over to the Euro. A big one is going to be the Eurozone CPI. Not game-changing because we're still very much in the mode of quantitative easing from the ECB, and the last policy meeting from the ECB tells us that that trend, QE, should be pretty ongoing until the end of the program, which is meant to be September 2016. So that being the case, there are some signs here that the Europe could be beginning to base out because my takeaway from that meeting is that, yes, QE is most likely to continue, but it wasn't completely off the table that it could stop, and so there's been slightly better economic data from Europe recently. Obviously, the main driver of ECB policy is inflation, and so that's what we're dealing with this week on Thursday at 10 a.m. British Standard Time. So that'll be a big one to watch, but still we are, QE's probably going to maintain and it's not going to stop or start or accelerate based on one economic data point, but if inflation does start to pair back and we're no longer oil prices are starting to recover a little bit now, economic activities picked up a bit, if we edge slightly further away from deflation, the reason for this quantitative easing program, which is pretty controversial, certainly those in Germany and the Bundesbank don't like it, then we're going to start having questions as to whether this program is really needed. Now, we've already been questioning it, but not really to some massive extent. Obviously, we've got to always keep it in mind, but if we start edging towards just noflation or even small inflation, then definitely it's going to be interesting in terms of the result for QE policy. So a couple of things to consider here. So this was the first thing on the chart. We never moved, we didn't make a new low, we weren't even able to test the low. And so since then we've got this declining trend line, which does have three touches on it, and we've broken through it as of Thursday. And we've hurled above it on Friday. Now we've got a bit of potential resistance coming in from the 55-day, and I believe something. I don't know, right, okay. This zone up here is where we can run into the 21-week SMA. So plenty of room for a bit of recovery here. And so I think if we were to break above the 110-50 type area that we struggled with so far, we could be running into where prices broke down here in the week of the 22nd of February, and that does correspond roughly without 55-50 SMA. But before we get there, we do have to break this pretty strong resistance. But to me, three tests, a fourth test possibly could fail. A fifth test will often break. I wouldn't say CPI is going to get us through there, but CPI in combination with the result from the Fed meeting very well could do. CS pushing through 111 this week. Now jumping around again, as I mentioned, let's just jump back to indices. I was referred to the U.S. since we have talked about the Federal Reserve meeting a couple of times. I was just looking at the USSDX today just because we're pretty much in our charts pushing into new all-time highs. The official cash-in disease has not seen all-time highs just yet, but they are pretty close, and we could well see it today. So obviously that's all-time highs generally pretty indicative of an uptrend, but it's been pretty choppy getting there. As I'm reading this price action, we tried to push through the sort of 2040-type level here, 2050 being the big around number, failed sort of three odd times more if you count some of these higher-wicks, pushed through on this big update here, closed the bubble of these moving averages, trended up until we hit this declining trend line, saw a rapid fall-off there, but held the moving averages and basically bounced right out of this, you know, this was the big important day on April 6th, held that breakout area and have just pushed on up to new highs since then. So the only risk really at this point is that we see a push-up maybe to 2130 or even just where we are and see a sort of long wick and then close below. That is a risk to the uptrend, but a potential trading opportunity when you see a failed new high and a trade back into the zone you know, we could be looking at prices falling down significantly from there, but to me, this sort of general action suggests that we are on the way to getting out of the out of the sideways zone to the upside. Again, largely depends on what the Fed have to say. And then falling on from the RSI, I mean really the RSI doesn't work or it doesn't work perfectly all the time. To me, we had a break here, and we had retest here. Now, it did follow through pretty well down to the lows here, but you've got to realize when a kind of stronger trend is starting to take shape and when we came down to this low here and then we weren't able to get through the low on the RSI equally with price, you've got to realize, well actually, this doesn't seem like it's following through this break of this rising trend. We're not even getting a lower low on the price. And then you keep aware of these peaks and then you see we break that and retest here. So suddenly this rising line has been outdone by this declining line here as well as the other factors I talked about. So I mentioned we've got the US GDP report. That could be quite significant because it sort of feeds into the Fed meeting. The Fed, they're going to reach their decision at 7pm. Now, they're only getting the GDP information. You know, a few hours before, but it is going to be a consideration to them. They're going to be aware anyway that the first quarter looks like it's slowed down a fair amount in the US. General assessment being about 1% GDP whereas before it was more closer to 2.6%. So definitely a bit of a slowdown and that's going to be a consideration for the Fed alongside a weaker inflation and wage growth as to whether they actually still suggest that as early as June we could see a rate hike. I remember basically at any meeting, well, starting two weeks after they removed the patient's language, it shouldn't be this meeting or the next one, but starting in June, we could, from then on, where the possibility of a rate hike is on. So the kind of volatility we've seen here with some fast drop-offs and snapbacks, that's probably going to only accelerate as we go into the summer months, which is definitely a bit more choppy anyway, and also just past June where any meeting from then on could be a rate hike because any little data point is going to sway investors one way or another whether the Fed are actually going to make them move and tighten. There's a general acceptance that they will at some point, which that may in fact get challenged as the data stays weak, but for the moment there's a general acceptance and they will hike, but each data point is shifting the consensus to sort of when exactly they will. If we have a look at the US 30. What did I do there? Do I just close that straight away? Similar looking pattern. I've got this channel on here. I think it's vaguely instructive. It's not the greatest, basically because it hasn't lasted that long, but you can see these loads are kind of in parallel. These highs were kind of in parallel. Right now we're basically, as of today, opened above the channel. To me, I think there's probably a pretty good chance that we're going to see a push through to 1800. But I think there is still a risk that we see a bit of a fault. Same as the S&P, the SPX, where that could be a false break above new highs. Here, I think we could see a false break above 1800 in the Dow. Remember, of course, Apple is now in the Dow. The US 30 is our proxy for the Dow Jones Industrial Index, and the Apple is now a component to that. So really strong earning from Apple, really strong price performance from Apple is going to help the Dow and help the US 30. So maybe, depending on how well Apple do, we get a push above 1800 if they do quite well. And then we're going to start looking ahead to some of the other earnings reports and the effect of the US dollar on international earnings. And we've also got the likes of Chevron reporting later in the week for the big US oil companies. Their earnings are probably going to be pretty bad, maybe better than expected, but still bad. So that may temper how well the Dow can push beyond up into 1800 roughly, which is its all time line. So we're kind of covering indices. We're covering the euro and the pound in currencies. At any point, if there's something you wanted me to look at, just let me know, send a quick chat through or Q&A. I can't actually see the Q&A right now. I don't know if anyone's messaged me or what. So let's follow through. The dollar again, it's been some pretty useless data out of Japan recently, but still it's just not the main driver. They've still got QE going and the dollar is still generally stronger because of the prospect of tightening, but because of the massive run-up that it had prior to hitting 122. It's just still in sideways mode and broken a couple of rising trend lines here, some sort of opportunities down to this sort of, you say you have the low here, the trend line breaks, retests and touches the low, here there's the low, retests again. But it depends on your trading style. If you regularly trade the dollar again, then it's just tricky trading right now. If you trade on the slightly longer time frame and you can pick and choose which markets you want to trade, my opinion is probably to stay away from dollar again at the moment because it's just pretty choppy. Somewhere I would look for more potential favourable price action is in some of the commodity currencies given that oil seems to be basing out a little bit at the moment which we'll get to in a minute. New Zealand dollar I think is interesting at the moment. So looking pretty chop-tastic on the daily chart, but if we jump out to the weekly chart, something along the lines of a double bottom here. Now it's in the breakout. It's in the immediate move back below the neckline which is certainly not a positive sign. But it's not like we've been golfed a week or anything. The pattern is still roughly on and there's been quite a nice little short, so you've got that longer term potential of a breakout. But when you're right up here, you're right at sort of the highest since, the highest all year basically. So if you do want to be buying right at the top of the breakout, you can, depending on your risk tolerance or a way to reduce your risk on these longer term trades is to scale down to the shorter time frames and just look for a retracement. So here's looking alright so far. Here's that big weekly push and break higher. A couple of kind of shooting star patterns suggesting there's going to be a pullback. We've rolled back straight down to the 61.8% retracement which nicely sort of lines up with this kind of breakout level here and where we found support and also this kind of peak here which is where we broke out above there. So a few things to suggest that might have been supported. It has. We've basically got kind of tweezer bottom here, thereabouts off the fib level and the sort of significant price level. So a few things to suggest, maybe this could be the level at a slightly lower risk than buying right at the top of the market to help us push up past last week's highs and potentially reaching an objective from this double bottom pattern right up around here at 8050 and that would match up with some of these peaks back in October and also this rising trend line that we had here on the weekly chart. Similar looking picture in the Aussie dollar and that's often a good thing if you're trading these basically the Aussie and the Kiwi dollars. They're moving to in sync. It's just a bit of extra confirmation of what's going on so if I just quickly look at the Aussie you can see that we've got this down slipping trend line. Now we had this one which where a false break above but we found support at the moving averages and this was the kind of weekly supply zone as drawn according to this breakout here pushing above there. We've come back and retested the top of that zone having failed to push low a couple of times not far off being a sort of almost a triple bottom here in the Aussie dollar. We've got this declining trend line and as of Friday we closed above it. It was quite a long term pattern so that was a weekly close above it because it was a Friday and now we're just consolidating retesting the line at the moment. The low is actually perfectly where the turn line is so potentially right from here we're off up to 79. Certainly could be a deep direction down to this first trend line or even the moving averages again. Below this low the breakout about the declining trend line not looking so hot but given the number of times that we tried to re-challenge this sort of 75, 50 type area I think there's a good chance we can at least get to 79 and then obviously that needs to be broken to sort of really help this double bottom maybe even triple bottom type pattern to break out. We do run into some supply just above which is something to bear in mind which is where we saw that heavy breakdown on this week of January 18th but that comes in around just before 81 I believe. So given that we're below 79 we've just put in quite a sharp reversal on the week down here and we could be looking up to conservatively 80, 81-ish possibly even the high. There's some opportunities. Count the trend at the moment but if the breakouts follow through then you're picking the trend reversal. How are we doing for time? We're actually coming right into the end of the event. It was a couple of minutes late so let's flip over to gold. Gold is also one of those where feel like Dolly Yen, if you trade it all the time then trade what you see but if you trade a variety of markets and maybe you're trend following just don't look at gold right now because it's pretty choppy because I had it read there's a potential still just there about inverse head and shoulders after this down trend here which kind of corresponded with the multi-year lows just above 130 but after bouncing off this rising trend line here we couldn't even get close to pushing through the highs towards highs for a fourth time counting that as one, two, three, four, five even and we've actually dropped below this debatable rising trend line here and we found support just at this supply zone just having closed above that low so holding on thereabouts to a potential inverse head and shoulders but the fact that we broke below what was quite a reliable support and then retested and moved low again below 50 on the RSI more 47 thereabouts suggest we could get a bit more follow-through to the downside you know the breakout in gold and its eventual move probably does again just depend more on the US dollar side of the equation than it does gold and the big driver of the dollar is going to be the Fed meeting this week but in terms of the completion of this pattern need to hold above this little bit of neckline here really and we need to break sorry, neckline but the bottom of the right shoulder and then we need to break the top of the neckline here obviously you can get in early if you think it's wise to do so quick touch on silver here we're right down at the bottom here just on the very sort of, this is the daily chart I tried to look at the peaks and troughs of the trend and you know we had a trough here could barely close below it here but pushed up, did eventually break down it here broke below this low made a new low down here weren't able to close below that low and we pushed up a bit and we're seeing a bit of follow-through today and that sort of corresponds with this breakout over here so we are kind of making steady lower lows but haven't actually managed to here we close below this low on this day but we haven't, for the low of this day we've not had a close below it yet and it does correspond with the breakout over here so potential early signs of a reversal of this move down inside this demand area here off the lows again a dollar story really that's the last in a way because we've got all markets which have been threatening a move higher but we've just been stumbling a bit in WTI at 57 failed at it a few times probably going to have another attempt at it but we have broken down below this sort of fairly steep RSI rising trend lines so perhaps a move lower first before we really push higher in Crudo we're just going to have to watch those inventories report starting tomorrow the American Petroleum Institute Wednesday's report and then the recount on Friday that's really what we're going on that's the main driver here of all markets rather than I would say any threats to supplies from Saudi Arabia or Yemen or increased supply from Iran I think they're sort of sideline topics okay quickly touched on Brent but I think you can see that it's a kind of similar picture I've drawn in this rising trend line which does have three tests here so it's vaguely valid obviously nothing really confirming the top side of it but somehow maybe somewhere to sort of judge where this potentially could go up into this supplier up here does correspond roughly with a 70 mark so you know if momentum that we saw on Thursday continues you know 70 looks like it could be a possibility based on this sort of general rate of increase in prices the fact that we are able to open above and hold above the previous peak last week I think it's pretty key you know we tried to push below couldn't close above it close higher that's fairly bullish for the week so unless there's any sort of last minute questions which I don't see at the moment I think we're going to call it a wrap at that thank you very much for attending good luck for trading this week just below the signing out