 Good afternoon and welcome to the week ahead video with me, David Madden. Today's date is Thursday the 23rd of January 2020 and the time has just gone 1215 GMT and I'm looking ahead to next week Which is Monday the 27th of a Friday the 31st January so we're looking ahead to next week which is the last week in January and Before we take a look at the big economic and corporate stores next week. Let's just take a look at what's been going on financial markets this week and Because the theme of an ass 24 hours has been The health concerns out of China has impacted stocks both in Asia and also to an extent here in Europe Unfortunately the death toll in relation to the corona virus has increased as has the number of confirmed infections so with that we've seen the downward pressure on stock markets in Asia and also here in Europe and the essentially the kind of belief is that If this health crisis gets worse in China and deed the wider world We could see a slowdown in economic activity They're already kind of parallels being drawn between this potential crisis and the the service crisis of the early notice So taking a look at the 50-100 here. We can see that achieved a multi-month high the highest level it's seen Since that summer only last Friday, but since then we've had a move to the downside We've all seen a steady increase in negative momentum So if you press on lower from here, we could be looking at our getting 7,500 or potentially this area here 7,470 But keep in mind the wider upper trend is still very much intact So if the wider upper trend does continue we could see the market retesting the January highs and beyond that We could be looking at our getting 7,700 over in Germany It was only yesterday the DAX managed to break above 13,600 and set a fresh all-time high, but since then we have seen a move to the downside If we do press on lower continue to press on lower from here, we could be targeting this old here down around 13,360 Bucket in mind, you know the overall trend is the wider trend is still very much to the upside So we could be looking at retesting the recent all-time highs If you go beyond that, we could be looking at our getting 13,700 800 so on and so forth US stock markets are in decent shape as well. It was only yesterday the S&P 500 racked up yet another all-time high We're expecting the S&P 500 to open a little softer today in around 3,320 there they're about As long as you hold above 3,300 itself It's like it's likely we're going to slightly at the wider upper trend could continue But even if it doesn't even pulls back below that we could buy support to this commit to play from this zone here down around 3,274 I'll also take a quick look at what's going on over in Japan. Like I said the The the health fear crisis are the health fears in relation to China as impact is stock markets in the far east So we can see here the unique a 225 has been pushing a bit lower the last few sessions It continued to press lower We could retest this blue line here at the fifth that he moved the average and that comes to play in around 23,605 It's only if you have a slice of break below that could then we'd be looking through to retest potentially retesting The early January lows and but keep in mind, you know the trend in the last few months has been very much to be upside So if you press on higher from here, I would take off the recent highs We could be looking at targeting 24,474 Now next week some of the big events they go for next week We have a Interestate decision from both the Bank of England and also the Fed reserve But it is also we're pointing out that I'm recording this video about half an hour out from the European Central Bank Interest rate decision Economists are widely expecting industries to remain on hold The ECB a fairly difficult task ahead of them. They need to bump up inflation Inflation is currently around 1.3% of the eurozone They'd like it up around 2% but given that they seem to be fairly restricted in terms of the tools that they have at their Exposal to their disposal. It seems going to be a difficult difficult task. We could hear the ECB Chief Christine the guard talk about call for fiscal stimulus That that's only a possibility But you know speaking of the kind of central banks theme next week with the Bank of England We also have the Fed reserve now the Bank of England is much likely to be the more likely of the two I'll talk about that in the context of the euro versus the British pound only a few days ago The financial markets were pricing in a 70% probability on the Bank of England coding interest rates next week That's now being dialed back to somewhere in the region over on 50% So traders are less are out of dobbish as they once were in relation to the perception about what the Bank of England Will do next with that we're seeing the strengthening and sterling But we're also seen a steady decline in the last few days in euro sterling So if we continue to press on lower euro sterling It could be that you're targeting zero spot 84 and a break below that could take us back down towards Zero spot 82 76 a bounce back to take a good one into positions from this zone here at zero spot 86 As I mentioned, we also have the Fed reserve Making their interest rate decision next week as well to be honest. I think it's gonna be Not not an overly exciting update But the Fed reserve seemed to be fairly content to keep policy as is But nonetheless if we are both the Bank of England and the Fed reserve Have an interest rate decision. It's quite likely It's worth the while taking a look at what's going on in the pound versus the US dollar So the wider cable trend on wider train for cable The last few months have been very much to the upside and while we hold above this blue line here The fifth removing average. It's likely we could see further gains being made We could be testing the highs of late December and if you go beyond that we could be looking at targeting the one spot 35 zone If we do have a decent move back below the fifth removing average support might be found in this zone here down around one spot 29 Also next week. We have a other few bits of pieces I go for fairly busy week We have fourth quarter US GDP eurozone flash CPI like I said Whatever the ECBC later on today back and this this fit the eurozone CPI flash reading could be of importance We also have the UK CPI retail sales report. We also have the German IFO We've third quarter numbers from BT group. We have full year figures from roll dot shell Now the oil market has been On the underlying oil market has been under pressure itself in the past couple of days Obviously that they're kind of fears about global growth in relation to the the health situation in China But also there are fears in relation to all potential oversupply In relation to oil and with that we see downward pressure on the share price of roll dot shell So the big picture of you for the trend has been at the downside While we hold below a fifth of the moving average here This blue line here. It's likely we could see further losses on the share price And we could even look at retesting the loans that we saw in December We've really need to take out this zone here this zone here in around 2330. There they're about In order to kind of shake off the recent negative trend that has been in It's a busy week for earnings. We've got second quarter figures from Microsoft We also have first quarter figures from Apple. Now Apple has been one of those tech stocks that just been absolutely cleaning up recently If you take a look at the share price We can see here at the market has just been this has been one of the kind of When you hear about it, the NASDAQ 100 and the likes setting all time highs and the S&P 500 Ratching full-time highs. This is what this is, you know, this is an indication of how bullish The kind of sentiment is it's just going up and a 40 almost almost a 45 degree line. So the upper trend is very much in play You know, we're not the next level to keep an eye forward the upside will be around this zone here in around 320 dollars per share if we do see any pullbacks this zone here in around 310 Potentially 300 this kind of zone might act as might act as porch Even if it doesn't we could be like me heading back towards the early January lows in around 292 bucks a share We all speaking of phenomenal upward trends Tesla Tesla have both quarter figures, which are due out next week I take a look at Tesla's share price now Very similar situation whereby in fact is actually taken off and even much more aggressive rate the share price performed phenomenally Very recently what I will say about this is that the upper trend is clearly intact But I'm just a bit concerned about that this candle here a long wick in this candle to me No, that's it. That tells me that's a bit of indecision That indecision could just mean a pullback of you know five or ten dollars. It could mean a wider correction But the upper trend is not very much in play for Tesla But if you do have a bit of a pullback support can be found in on the kind of 520 500 a service a big cycle and you can remember or even out for this price here in round 492 92 dollars per share. So we could see a bit of a correction in Tesla You know, it's unusual for a stock to have a phenomenal one for such a long time I'm not a decent pullback, but it doesn't you know, unless I forget the wider upper trend is still very much in play Now thank you for listening. Have a good week trading and please tune in next week. Thank you very much