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John Downey technical analyst -- CQG.
Straight from London and you you brought the -- with you getting it within you know there's been a lot of slow Morocco are blamed him that never snows in London does very -- we've had more than that finishes I can remember the last hole -- so there are detractors of this whole global warming thing on this side of the Atlantic and on your side of the Atlantic -- -- -- -- I what do you make of let's start with a bomb Greece because we talk a lot about it -- an -- what's gonna go from.
-- in Spain and and Ireland's.
Japan and the UK and then to the United States is that's -- that's sort of the same fear on that side of the Atlantic.
I think -- Europe it was a very very horrified Casilla and what's moving.
Apple markets around so the -- in the global.
-- a lot of volatility in tree died.
As statements coming out and then account to -- and I'm -- -- was a massive confusion last week from the ACC and from the government since.
Ultimately the market didn't recovery phone put some there's a lot of concern.
Now I didn't see you see QG a lot back in my trading days so I'm pretty familiar with lawyer.
Technical analysis -- -- trading tools but -- right now as far as what's going on what are you seeing what are the major trends.
Using that technology what are what -- what is it telling him.
I think the big story is probably the dollar it was one thing from a technical point of view and from -- fundamental point here is who -- in the same direction it would be that that thing.
From a fundamental point if you person I think that if the if the economy and American economy does -- -- -- -- interest rate hike expectations.
And come -- some of the Carrie tries so that's positive.
If employment doesn't improve then we have the possibility of the stock -- coming back over and then you get a flood quote certain.
From a technical perspective.
The previous downtrend that we had -- -- Win now back at the point of political the most poignant that trend -- which reacts immediately -- -- -- hasn't happened in the last week.
So I'm very bullish technically as well as -- as we step -- some you know -- two on the index.
And we tried about Freddie won fifteen and we could -- -- the -- iTunes -- articles -- -- And you think what we've seen so far -- -- there's enough.
Yeah I measure them at the open wiping the sweat off our brow with Greece haven't -- -- -- point there where that's not gonna affect the dollar and the Euro.
Relation inning that much more going forward because the sort of know what we have with Greece.
When I don't think we are sure Soledad I think back come back with a vengeance I don't think it's been very clearly.
-- -- And so I think that's the potential for that to just resurfaced -- and and put the Euro on depression.
So just getting off -- plane from London can you tell us you know what are people saying about a front of people saying about the United States right now the condition of our US dollar.
What are they saying -- politically about the United States you know we love your perspective on the.
When you're you're not much purposeful in what we I think that would be very obvious.
This political she union and -- union and within the year around.
The pound we've -- we go to an election coming up it could be -- hung parliament.
That probably isn't any good for anybody.
And we don't seem to have the same political will to get rid of that deficits.
The Bank of England seems willing to see the -- -- Which would be another don't look -- story and I'm generally we think that America has always.
We'll find a way through its problems and I don't think.
And Europe feels that it has the you essentially community that he can do the same thing so generally pretty positive.
Want to talk about inflation risks that I want to talk to land separately.
In the United States and in the UK.
A because there's some news today that inflation may be you know little remorse there may -- -- the quicker worry in the UK than in the US.
Pumping hard whether Blackberry on its own -- promise you hit the ball in the should probably heads.
I thought about this home and am I knew that the -- it should that worry us here what's going on in the UK.
And inflation respect untouched and I don't think so I think nothing -- template if you look at the year -- -- numbers assessment of the oil we were little Lola a year ago side.
I think in the short term yes it can be -- it.
In the longer term I think we're -- much -- -- -- of deflation because China is exporting these questions for the rest the world.
How that affects wages and -- those things about the consumer in the western world.
So in the longer term market -- about deflation and inflated that is that done with in the states though deflation of those concerns not -- -- but a lot less than they were maybe six months ago there -- a lot less.
I think in the longer term when you look at the very big picture.
Then I could come back again but we are looking on the wild for the money -- some -- Who I think he should settle down -- -- too concerned.
-- being that you are the technical analyst.
At the top of the show I -- of the markets today we're seeing a pretty -- a while rounded rallied the bigger picture.
Individual sectors that we should be watching in the market.
Well this to say it is on particularly interested in us the golden -- them on -- in the commodities.
Dropper sharply last week when stock -- it but -- actually kind down to the point.
Wolf where the uptrend which was started about a thousand dollars -- -- it about 1041.
We've run it very strong again.
Gold stocks are interesting to me what a golden idol continuing I think so you had kind of the perfect point.
To actually bought it on a -- -- and should kind -- assault vehicles in the weekly or monthly price is still very much from them what's your target act.
I'm I don't have a talking -- -- think it goes a long long hard for our side I don't haven't been -- a -- -- on the minus because I think the dollar's gonna stronger.
I think commodities generally you can -- to perform the relationship -- if you want to be balanced -- -- -- -- long gold stokes.
And look at why -- -- being on the white or -- the -- Just now definitely talk about just the gold miners we also focused on other miners like this -- minimize -- -- -- -- -- -- things I.
I would things that and the vice metals and I would be much -- aerial I think a lot of the writing is priced in.
A few more interested in taking money off the title that.
And obviously the consumer's gonna play a big role in the us on I got your perspective on you know bluntly -- England looking over at the United States United States looking England.
But as far as the consumers' concerns.
Do you expect to see.
A quick recovery.
On the front.
The consumer well what we have had.
Really -- just statistics -- little bit.
And -- showing the same thing if you look at the ISM employment numbers for manufacturing and full service we've been high since 2004 and 2009.
Connected marife through -- pyro is expected pyro still better -- war.
I need to see payroll come up with some Canadian money an aircraft actually -- -- -- -- -- outside.
That's pretty critical to me -- for the next few months that hi rose improved considerably.
Then you can see the consumer coming back.
-- the -- the Daytona 500 is really big for us this weekend here in the states you really going on the American public is probably more of a big deal but okay how big is the World Cup for everybody over there in England right will hit America's cup the World Cup point one.
Talking about the world -- coming up there may -- my own cup.
Always very big as usual and England we find ways to undermine myself so we've -- I don't like I.
And I like New York Mets -- -- that you would ask him how big hits over there -- -- No I think that is they eat eat eat you know you're not gonna win because that that's what happens in the British fans like New York Mets fans here in the states.
They are you know as good as we might be is you know as positives things might be some is gonna -- by Chelsea huge media and by the way very well we're going -- and -- still the premium.
Technical analysis product for -- -- -- Why -- Well it's exciting screen and actually making things more powerful when using the power computers and office.
Well -- could -- -- thought thank you for -- on John -- technical analyst at CQG.
Joining us from London finally over here just to see Sandra.
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