 Good afternoon and welcome to the week ahead video with me David Madden. Today's date is Friday the 7th of February 2020 and the time has just gone 1225 GMT And I'm looking at it next week, which is Monday the 10th of Friday the 14th of February now it is worth pointing out I'm recording this this webinar about or this video rather about an hour in advance of the US Non-famper support so some of the numbers and terms of levels price action refer to might be out of date Depending on how the numbers come in Before we can run through what the big events of next week are let's take a look at the big events of this week And essentially the kind of main story in town has been up. Fortunately the coronavirus situation has been getting worse Chinese stock markets reopened on Monday. There was initial massive sell-off, but the authorities in Beijing were quick to step in the Chinese Central Bank Stepped in by injecting the equity into the markets We also leave the regulators took action in terms of tighter rules on short-selling and on top of that Restrictions were placed on fund managers in relation to offloading big positions So with that we saw a decent rebound in Asian European and US stock markets So we can see here this is the price action on the footsie this week decent move to the upside It's we gained a fair bit of the ground that has been lost In the last few weeks we're currently above this blue line here the fifth of the moving average And if we're sorry with their their abouts you're pretty much trading ever so slightly below it rather We're in that zone if you can get back above it We could that could be a sign that kind of wider upward trend is going to continue because all the markets such as the Dax Doesn't be 500 and the Nikkei to do five we should come up to a second are all doing much better If you could press on higher from here, we could likely targeting 7,600 And if you go beyond that we could likely targeting the mid-January highs on the flip side if markets turn sharp in lower again And we break below this red line here the truth in moving average at seven thousand three hundred sixty four We could look at retesting this area here the lows of late January Now to be fair to it the footsie is probably Has it's probably the weakest in the bunch in terms of the big markets So if you take a look also coming on here over in Germany and the Dax We can see at the old-time I was achieved in late January between eight January And if you look at the levels that were currently at not too far away from the old-time high So the Dax has recouped Nearly all the ground that lost on the lack of a health crisis If you continue to press on higher from here with Kubilik it retesting the record the record high in this zone here in around 13,640 there they're about But if you do see any move to the downside Support could be found in this blue line if it's in moving average and that comes into play just south of 13,300 also the same consolidation is in this zone at 13,200 that area might act as support and even if you go below that This became a big psychological 13,000 could act as support should we see fairly move very large moves to the downside The US markets have been in great shape series of record highs being racked up They quickly kind of shook off the fears surrounding the coronavirus situation even though in a health-wise Tragically things are actually getting worse But because the intervention by the Chinese authorities and also we had the Chinese Government announcing plans to lower tariffs on US imports worth 75 billion dollars worth of imports that are committed to play next week That also added the upwards upward move in Europe in Asian European and US stocks so yesterday we saw S&P 500 hit a record high that'll give an indication of how strong sentiment is if you press on higher from here We've been looking at targeting 3,340 50 60 as well as a fourth Any moves to the downside could find some support from this zone here at 3,300 seemed to be near Salvation And even if you go below that the fifth any moving average which nice the active support Last week could act potentially act as support again Let's take a look at what's going on over the Far East with Japan It's a similar story with the Nikkei 225 whereby her very aggressive sell-off on the back of the health fear of thought between Intervention and the between the reactions from the Chinese authorities has helped helps The stock market in Japan pulled back almost all the ground for most of the ground that has lost So you could see here the level to rush I've achieved yesterday not too far away from the highs of January so if you could press on higher from here on the Nikkei Nikkei 225 Should we take out the highs that were achieved in mid-December and also in January with Kubilik in targeting 24,474 Any moves to the downside might find some support from this blue line here the fifth any moving average and that comes to play at 23,622 and if you go below that you could be looking any back down towards the psychology formed 23,000 level Now we've also had a fairly decent move in the US dollar this week The US dollar index hit its highest level since late November And with that it you see a downward pressure on Euro dollar and also on pound dollar and keep in mind I'll come on to a bit more detail, but we have Growth figures from the UK and from the Eurozone as well as Germany next week So that's all very important. So taking a look at Euro dollar a lovely example of a downward trend We've seen the lower low a lower high a lower low a lower high and yet again another lower low We're back below the important one spot 10 level on your dollar So if you move any if you keep moving lower, we could be looking at retesting the lows that we saw In October, we'd really need to get back above the 50 moving average are possibly even the journey moving average This red line here on your dollar to kind of then think Trashy could begin to think you know what maybe the kind of reason up downward trend has come to an end in relation to The pound versus the dollar as I mentioned We need to important economic indicators out of the UK and the US next week We have a US CPI in retail sales, which I'll run through when I go to my list of weekhead items So the British pound has been broadly speaking in a decent upward trend from a from this from a from September onwards But ever since the kind of the jolt higher on the back of the conservative party win at the election We've given up we've given us a fair bit of that ground But if you could hold above this zone here in around one spot 29, we could see the wider upward trend to continue We could see it retaking the fifth and moving average and a movie on that could take us up towards 132 If we do have decent break below once about 29 It could take us back to this zone here the lows of early November or mid-November, and that's in around one spot 27 68 So in relation to some of the big announcements of next week We have UK GDP preliminary GDP coming up from the From the from the UK. We have US CPI numbers along with US retail sales That's gonna give give us an indication of demand in the in the UK In terms of other kind of important economic indicators. We've German GDP. We also have Eurozone GDP In terms of corporate stories We have Barclays a full year results roll Bank of Scotland how full year of figures out what all your figures Full your figures from a cattle the online supermarket the Reserve Bank of New Zealand as an industry decision And that's widely tipped to keep rates on hold Don Elm have first half figures and Centrica the owner of British gas have first half have a full year figures up rather So in relation to some of the stocks to keep an eye on next week Starting off with Barclays, so Barclays share price I said a decent rebound had a decent rebound from August into mid-December I was in this jolt higher here was in the back of the editorial party winning the UK general election But since then it's given up a fair bit of that ground But notice how it's getting decent support from the one or two moving average along here and that comes into play In around one spot six one pound one sixty nine there They're about if you can hold above that metric It's likely that the kind of wider trend could continue and we could be looking at re-testing Up towards 180 or potentially up to the highs that we're seeing in a in mid-December If you do in their hand of a break below 40 moving average We could take us back for this red line the turning moving average in around one sixty Notice how it acted as resistance here in July also in September and act as a bit of support in October So the metric has been important in the past. It makes it more likely it will be important in the future But obviously there are no guarantees also taking a look at Taking a rollback of Scotland Roll bank similar scenario by they got a jolt higher on the back of the election results But they've given up some of those gains. So this year as the The decent move to the upside on the back of the election The Tory party winning the UK general election But with that what we saw was the market moving a fairly fairly dis-moved to the downside give it up Favour those gains or training in around the turning moving average Which comes into play in around two pounds and 18 218 pence. We're just about holding above it If you could hold above it We could we could continue in the kind of wider trend We could head towards the 240 zone that a consolidation in around there and beyond that could potentially take us up to the December Highs, but if you do have a decent break below the turn to moving average the risk red line It could take us back toward the psychology important 200 pence zone and you notice here There's some consolidation in that area back in September and also in in October I'm just coming on to my last chart now. I'll finish in a high note done elm done elm at the retailer I've been doing quite well, which is which puts it in minority of our retailers It was only yesterday the share price hit In an all-time yet another all-time high relative far away from the all-time at the moment That tells you everything you need to know about sentiment If you continue to press on higher from here because we're currently about 12 pounds a share We could be making a target in 13 pounds a share any move to the downside could find some support in around this area here in around the in this though here in around 10 pounds 90 or 11 pounds You can see the same fountain support in here. It actually resistance on the way up It also coincides with this blue line here if it really moving average, which acted nicely as support in early December So keep an eye on that. All right, just keep keep up those places in mind when you're looking at done elms numbers That is all for me on this video. Thank you for tuning in. Have a good training week and good luck