write 20 words summary based on this youtube script without saying in this videoHi and welcome to this blooper markets video update with me John Kibler senior market analyst in this video I’m going to take you through the week ahead we’re going to have a look at some of the upcoming news and some charts to watch so lots of high impact data coming out

Next week and it kicks off in the UK with the climate count change but most importantly I think would be on the Wednesday which is that GDP data month on month forecast showing that we’re going to see a drop from point five percent to minus 0.2 percent and we have

Seen the price of cable and pound weaken last week that was largely due to the fact that the bank of England Governor Bailey thinks that their interest rates in the UK are now at its peak and that we should potentially see a pause in the next meeting and that has caused

The UK or the pound to continue to weaken next we’ve got the US dollar we’ve got some CPI data coming up month and month is the one that’s looking like we’re going to see a little bit of change from point two percent to point six percent CPI year on year looking to actually

Increase from 3.2 percent to 3.6 so on Wednesday we might actually get a little bit of data that sees the US dollar strength continue we’ve had some real successive gains recently in the US dollar and uh it doesn’t look like that’s going to slow down anytime soon although we are approaching some key

Areas of interest from a technical point of view other interests disright decisions this week uh from the ECB so we’re going to see a potential pause here for the ECB again could that potentially fuel a little bit of Euro downside I think the ECB press conference that follows this

Meeting will be interesting to see if the is a hawkish pause whether it is and in fact a good uh sort of pause here for Europe we then get some further data out of the us we’ve got core PPI and core retail sales all looking to have some

Sort of changes here especially core retail salesman the month expected to drop from one percent to point four percent and that could see some interesting developments so that’s the news for this week going on to the strength meter you can see the change in the pound it’s gone

From plus one to minus four and we’ve seen the change of minus five last week so pounds definitely a currency that looks to be weakening at this current moment in time the US dollar remains bullish being at positive five although that did come down from its plus sevens

But we could expect that dollar strength to potentially continue going into this week can actually strengthened last week as well we can see it came from minus one to plus three so cadders also strengthened two going on to the US dollar Index then this is exactly what

We mean price has been in these extended gains now and we’ve just breached the 105 key resistance level which form from this high back on the 13th of March 2023. now that we’ve breached that level the next level of resistance price could come into is the 105 spot 75 which were

The highs that formed at the beginning of March 2023. I’ve also put in another level 107 spot 75 because if you were to breach this level to the upside we could see some real strength out of the US dollar with 107 spot 75 being those targets

Going on to Euro US dollar then that could mean some further downside here we spoke about this after price stayed below that key level of the one spot zero eight fifty we said that price could potentially come back down into the one spot zero 675 which is nearly at

Right now if we breach that level to the downside the next level of support comes all the way back into these March lows at one spot zero five two five going on to Cable then we’ve had some real good discussions about Cable in our live streams as well we recently talked about

This breach of this consolidation and potential re-test for further downside we have seen that now price has continued to push lower we are now sub 1 spot 25 on cable which means that we could see some further downside with potential for price to reach the one spot

23.50 handle from a longer term point of view going on to the dollar Yen then as our final currency pair dollar Yen still in this very very strong upper wood Trend and it looks like we’re still heading higher here you can see we recently breached a consolidation pattern price

Trading around about the 147 spot 80 at the moment if we do see any further Yen weakness this week in any terms of risk-on situations and dollar Yen could start to head towards its Channel highs around about that 149 handle now that’s going to then bring in the conversation

From the bank of Japan about intervention are we going to start to see the potential 149 150 151 being those areas where the bank of Japan have intervened in the past will they intervene again at those type of levels at the moment doliant doesn’t look like

It’s slowing down here for any kind of pullbacks but if we just take a look at the stochastic you can see down here that we are starting to get a little bit of a Divergence here you can see the stochastics you’re making lower highest prices May can hire highs so there could

Be a point where we do see a little bit of a move perhaps back down into that 145 but I think 149 can still be Targets in the near term thanks for watching this video update I really hope you enjoyed it if you did leave it a thumbs up subscribe to the

YouTube channel to see some more 4-H training content and I’ll speak to you in the next video

write 2100 words and add headings article based on this youtube script use 20 words in a sentence in maximum 25% of sentencesHi and welcome to this blooper markets video update with me John Kibler senior market analyst in this video I’m going to take you through the week ahead we’re going to have a look at some of the upcoming news and some charts to watch so lots of high impact data coming out

Next week and it kicks off in the UK with the climate count change but most importantly I think would be on the Wednesday which is that GDP data month on month forecast showing that we’re going to see a drop from point five percent to minus 0.2 percent and we have

Seen the price of cable and pound weaken last week that was largely due to the fact that the bank of England Governor Bailey thinks that their interest rates in the UK are now at its peak and that we should potentially see a pause in the next meeting and that has caused

The UK or the pound to continue to weaken next we’ve got the US dollar we’ve got some CPI data coming up month and month is the one that’s looking like we’re going to see a little bit of change from point two percent to point six percent CPI year on year looking to actually

Increase from 3.2 percent to 3.6 so on Wednesday we might actually get a little bit of data that sees the US dollar strength continue we’ve had some real successive gains recently in the US dollar and uh it doesn’t look like that’s going to slow down anytime soon although we are approaching some key

Areas of interest from a technical point of view other interests disright decisions this week uh from the ECB so we’re going to see a potential pause here for the ECB again could that potentially fuel a little bit of Euro downside I think the ECB press conference that follows this

Meeting will be interesting to see if the is a hawkish pause whether it is and in fact a good uh sort of pause here for Europe we then get some further data out of the us we’ve got core PPI and core retail sales all looking to have some

Sort of changes here especially core retail salesman the month expected to drop from one percent to point four percent and that could see some interesting developments so that’s the news for this week going on to the strength meter you can see the change in the pound it’s gone

From plus one to minus four and we’ve seen the change of minus five last week so pounds definitely a currency that looks to be weakening at this current moment in time the US dollar remains bullish being at positive five although that did come down from its plus sevens

But we could expect that dollar strength to potentially continue going into this week can actually strengthened last week as well we can see it came from minus one to plus three so cadders also strengthened two going on to the US dollar Index then this is exactly what

We mean price has been in these extended gains now and we’ve just breached the 105 key resistance level which form from this high back on the 13th of March 2023. now that we’ve breached that level the next level of resistance price could come into is the 105 spot 75 which were

The highs that formed at the beginning of March 2023. I’ve also put in another level 107 spot 75 because if you were to breach this level to the upside we could see some real strength out of the US dollar with 107 spot 75 being those targets

Going on to Euro US dollar then that could mean some further downside here we spoke about this after price stayed below that key level of the one spot zero eight fifty we said that price could potentially come back down into the one spot zero 675 which is nearly at

Right now if we breach that level to the downside the next level of support comes all the way back into these March lows at one spot zero five two five going on to Cable then we’ve had some real good discussions about Cable in our live streams as well we recently talked about

This breach of this consolidation and potential re-test for further downside we have seen that now price has continued to push lower we are now sub 1 spot 25 on cable which means that we could see some further downside with potential for price to reach the one spot

23.50 handle from a longer term point of view going on to the dollar Yen then as our final currency pair dollar Yen still in this very very strong upper wood Trend and it looks like we’re still heading higher here you can see we recently breached a consolidation pattern price

Trading around about the 147 spot 80 at the moment if we do see any further Yen weakness this week in any terms of risk-on situations and dollar Yen could start to head towards its Channel highs around about that 149 handle now that’s going to then bring in the conversation

From the bank of Japan about intervention are we going to start to see the potential 149 150 151 being those areas where the bank of Japan have intervened in the past will they intervene again at those type of levels at the moment doliant doesn’t look like

It’s slowing down here for any kind of pullbacks but if we just take a look at the stochastic you can see down here that we are starting to get a little bit of a Divergence here you can see the stochastics you’re making lower highest prices May can hire highs so there could

Be a point where we do see a little bit of a move perhaps back down into that 145 but I think 149 can still be Targets in the near term thanks for watching this video update I really hope you enjoyed it if you did leave it a thumbs up subscribe to the

YouTube channel to see some more 4-H training content and I’ll speak to you in the next video

Choose The Best Forex Broker