 Hi, good morning and welcome to today's products and focus. So the Chinese stock market is down currently at around about 3% It was then almost 4% at one point as we're heading in towards the the close of that session With unsurprisingly the Hong Kong markets down about one and a half percent Chinese 50 down Most actual global markets are slightly drifting lower this morning as well European markets On the back foot the US not massively impacted as and you can see we just as a slight kind of dodgy formation there yesterday It's been a lot of volatility can have overnight and then in the US market, but nothing that aggressive But 17 5 61 is potential resistance which also coincides with that 21 pure the SMA and the other technicals are relatively neutral We as my home builder data out yesterday was expected one at one spot 19 came in at one spot 20 Million new homes Which is still pretty bullish not the most important bits of data that came out but still more positive US data there So looking at then the UK 100 you can see is it's firmly broken out of the symmetrical triangle formation next potential support as a 6415 and again a lot of that is due to oil gas mining stocks that make up the UK 100 and Copper prices Highly the press silver down At the time of looking at this you can see that gold is actually spiking up and West Texas crude is just off the lows, but it's still running back 42 40s. So Still quite a decent break there So 64 15 is the next potential support. We had a negative cross on a MACD just maybe about five sessions ago and You we're going to see the other technical indicators trend down as well So looking in Japan to do five Quite a down day for Japan following on numbers from the sell-off in China Japan's down over a percent at the moment so in relative terms versus the Chinese stock market It's not done that much But a firm we had a bearish engulfing pattern yesterday have followed through today Obviously, we've still got a while to go before the end of the UK US sessions. So 20,087 as potential support that's been arranged has been in place and it's probably around about May apart from the Massive sell-off that we had there on the 8th of July And obviously the fundamental pressures will certainly remain So looking at dollar yen flattening out around about 12442. This is doing exactly the same as what cable was doing Staying above with moving averages So the moving averages and that potential resistance level are flattening out and eventually we'll get a break on one side or the other Moving on then to West Texas crude. We mentioned that had a modest bounce You just see the tips of these candles could be a tweezer bottom, but to be honest the fundamentals aren't going to change anytime soon So the pressure still is on here But does look to be 42 dollars is is going to be a significant potential support level and it's not closed properly With any significance, but or any kind of momentum behind it to be able to re-challenge that potential 35 Dollar level that was reached at the height of the credit crunch So moving on to gold that we mentioned before it's kind of spiking higher this morning been volatile last three days Doesn't know which direction really wants to go but it's pushing on a little bit higher as I guess the prospects of a rate hike in September become slightly Less pronounced though. We do have the FOMC minutes tonight, which will probably be more keenly analyzed than ever For clues as to what the Fed is likely to do But in the backdrop of everything else that's happening just now the number of world economies that are struggling the macro data that's coming out and This is a very isn't in the stock market moves in a lot of emerging markets as well It could cause a lot of a lot of issues for many other Economies, maybe not that the US is really too too bothered about that But if they raise rates in September, that's going to exacerbate capital outflows of a lot of these other countries And as a lot of money begins to pile back into the US dollar and US equities Which may be actually not a thing about America has made ballpark the plan But so many of their giant big companies do business right across the globe So I'll be interested to see how that pans out, but the next potential resistance 1137 on gold So finishing up with your dollar and GBP USD. So Your dollar trying to do some sort of bounce after having this is three black crows these three Descending candle formations bouncing off that 21 period SMA. We're off the session highs already I wouldn't be surprised if Once but 11 remains quite a strong resistance level especially because that also coincides with their 55 period SMA So finishing up the cable some real good RPI CPI Data coming out yesterday, so almost all of them being expectations that's brought up to the forefront about UK interest rates again And but we were finished well off the session highs on cable as well We're modest a tiny little bit higher this morning one spot 5743 remains an exponential resistance level And this actually resistance level from a long time ago. So I Might actually have to go back and redraw some of this Chart that we have here because as you can see if I switch that on to a weekly chart That's where I would have gotten a lot of the key levels So that would have been that would have been a high point from just running back here in the weekly chart So actually just maybe that little bit higher, but that maybe gives you an idea as to where cable is right now So I come in data-wise Today we do have US CPI that's gonna be a big bit of data today So make sure you don't get a chance to miss that make sure you've got your recurring alerts set on there as well And you've got the cruel inventory and remember tonight. There is FOMC Data due later on. Okay Keep your eye on the chart for them make insights part of your layer going forward and join me again tomorrow to find out What happened next?