 My good morning and welcome to these products and focus US 30 there has actually reached yet another all-time high today I did a big reversal and fortune just you looking at this candle right here We had a very very strong Philly Fed number completely beat expectations there again Eurozone's not doing quite so good with some of their data results But their equities are still pushing up the little behind but America looking pretty pretty decent US dollar still looking okay But we had some shock Have news come out of Japan last night in regards to the Japanese yen But come back to that in a second, but this is a technical break out It's not punching through with a huge amount of vigor But we are looking at we were training above that potential resistance at 17738 And as you can see we're above that right now and there is a bit of an absence of economic data today to be honest Of any consequence we do have some UK public finances data Let me fast forward on to Monday. We've got some more housing price data some German data Nothing major US wise until you get to GDP there on Tuesday, so that gives you a bit of an idea of what to expect Looking at the UK 100 We actually had some some pretty decent data come out of the UK at the start of the morning there with CPI and PPI etc Which was slightly better than expected for the retail sales in fact, sorry And we are trading above potential resistance at 6686 right now And this is quite a strong Technical signal to get after a silent sell-off to close it still closed negatively But it made up so much lost ground and we're getting quite close that golden cross on the moving averages as well Obviously the RSI and the slow to cast it there are both overbought But there could still be a little bit of room for maneuver right there So this could be a pivot depending if you've got a long or short view on the UK 100 if you're thinking about this Is going to be going short obviously a break at 6681 opens up 6589 So Japan 225 Resistance remains 17496 So what happened in Japan last night? Well, one of the finance ministers there has basically come out and said that the Japanese yen depreciation has happened at too fast a rate to accelerate and that's Kind of put a lot of dollar yen traders on the back foot. We talked about this previously other sessions that Obviously a lot of firms want the Japanese yen to be weaker It's great for exporters from Japan and also for international companies repatriating funds back to Japan If they're making their profits and dollars and euros etc, etc It's not so good for a lot of raw material companies and especially firms that have to export a lot of imports or a lot of materials from abroad to Japan and He basically said it's happening too fast now Bear in mind that Japan are gonna be doing lots of stimulus in the future anyway It seems a little bit kind of productive But that has thrown the brakes on dollar yen ever so slightly which probably is gonna put the brakes in Japan 225 ever so slightly Though I have read a report that they I think American investors bought about one billion dollars worth of Japanese equities last week Of the mindset that there's gonna be a little bit more stimulus to help push things further higher But it's got to get get above 17496 has not done it as of yet So if you look at that reversal and dollar yen on the daily charts It's obviously doji formation bearish engulfing pattern so far today and the daily chart still looks a little bit ugly reversed about 200 points On the back of that statement from the finance minister yesterday So obviously we said we're in about 120 to 124 was a danger zone for Bank of Japan intervention It probably still seems unlikely they tend to just throw out these Offhand commons to try and you put traders back into check But I think the reality is is that a lot of dollar yen traders can smell blood in the water And they'll probably push this up a little bit higher anyway to test it To see if the Bank of Japan really has has the metal to do in any interventionist Elements to that that strategy especially considering that they still want to have a weaker yen to a certain extent They can't have it both ways But a little bit of profit-taking after this superb rally that we've had is not unsurprising I guess a question that a lot of dollar yen traders have is is that it is this going to be the turnaround now? Or do we have to get down a little bit lower? Certainly? There's a lot more room for it to go back down before we hit 114 But this be kind of weary out there if you're trading dollar yet. So moving on to West Texas crude I had a bit of rally yesterday On the back of that really positive Philly Fed numbers from the US Go both man story as ever. I don't think it's going to be anything Spectacular we still have a potential resistance of $77.75 still a potential support This could be an interesting pivot to move lower. You'll just have to wait and see So gold let's talk a bit a little bit more about gold support at 1186 It's still so volatile In the middle of two ranges. I can't really See a lot of trading opportunity right here It does look that long like a candles right here at 1200 Might be indicative of a cap, but when you're already quite so close to potential support at 1186 There's not anything dramatically Not anything dramatic possible if you're looking at doing a trade on gold So just to bear that in mind of your short-term trader. So finishing up with the FX pairs Euro dollar cap at 125 78 potential resistance and we're actually in between two Two interesting areas right here. We've got that 21 period SMA and you do have that potential resistance Technical indicators are neutral There's not a huge amount of economic data obviously out today either I'd be very surprised if your dollar breaks through one spot 25 79 today Especially when it's been in play for most of November so far So that that looks to be the strategic levels and do keep your eye on that one Finishing up with GBP USD. We have had a slight reversal to potential resistance at 57 43 Again, it's another retracement. This could be also another interesting pivot if you're thinking about a short move on GBP USD Targeting one spot 54 24 that could be an interesting point if we and you do have a You do have a crossover that almost happened there in the MacD not quite as of yet You do have that on the RSI and the souls to cast it there as well But a lot of dollar positive momentum still still out there if we do break about 157 43 and you have a long Can more bullish view on cable then one spot 59 10 is the next potential resistance, but we're a good bit away from there right now So that gives you a bit of a flavor of what to expect Keep your eye on the chart forum as ever lots of cool trading setups available on here Make insights part of your layer going forward and join me again tomorrow on Monday to find out what happened next