 Hi, and good morning and welcome to today's products and focus US 30 there is just bouncing off potential resistance at 17 0 75 We had quite a big reversal there yesterday after being down almost over 100 points Maybe about 150 points there yesterday before we had that late rebound later on the day still a lot of pressure From China obviously have the Hong Kong issue at Chinese markets. I'm feeling the pain a little bit the Japan 2 2 5 coming off ever so slightly. I'll be a dollar yen is still looking quite sprightly getting close to 110 But the US 30 there Just bouncing around about the 17,075 level and we do have some economic data due due out this week Which could not get one direction or the other but this would normally be a hammer formation from a technical analysis standpoint But we've not followed through with it with a push to the upside there today So obviously hitting all-time highs That was there on the 19th of September At 17,366 we since then come back down again, but it might just be a period of consolidation We'll just have to wait and see UK 100 Has obviously quite some aggressive selling days the last couple of sessions Obviously in true to the 23rd was a particularly bad day We're on the wrong side of 6 6 6 6 right now Which is potential resistance next potential support is at 6581 and the technicals are not yet oversold So that's indicative of the fact there could actually still be from a technical perspective could still be a Move lower on the UK 100. So looking at Japan 225 Obviously it was at multi-year highs recently, so probably about six year highs You can see it was almost actually broke above that recent high point there from Jan 2014 I'm pretty confident. I should go ahead and draw my next resistance level on there just now We did just briefly poke our head above there to break that down below just now a next potential support at 15987 But dollar yen is probably for a lot of traders still still looking grinding ever higher to 110 spots 77 It does look slightly overextended now We do have a crossover almost happening in the MACD and obviously the RSI is so to cast it there are massively overbought But not yet been given the the signal to sell, but the closer we get to 110 the more I think people will begin to start to book their profits perhaps more aggressively this break out here Quite fantastic from a technical analysis perspective, but we are getting closer and closer to that resistance The dollar index is that is that one of the highest points has been for some time. So They'll be interested to see how that pans out Crude has had a bit of a bounce Which is actually quite good considering the rampant strength in the UBSD over the last couple of sessions But 95 spot 40s and x potential resistance and might break above that next potential resistance could be at 97 spots 64 Failing that our reversal bring us back down to 93 spot 95 and obviously the girl and the trees due tomorrow as well But what's important about this is looks like some sort of triple bottom formation right here Which would be quite good because crudes been languishing around these low points for quite some time But I guess you do now have the added pain of the ice fighters and coaching round about Baghdad Just running it out of ring there. She and militia are You know getting ready for a potential attack on the west of the sea I'm sure that is finally waking up some people's the fact that the crude oil Could be worth a bit of a bullish move Depending on how that pans out moving on to gold Gold still languishing at the at the bottom of a month multi-month low quite close to to 1218 Obviously that US dollar strength higher US interest rate question is still Pressurizing gold next potential support is at 1180 and this is certainly consolidating around this level we're in about here at 12 1218 But if we continue to get dollar positive and interest rate positive news coming out of the US then 1180 will be the next potential support to be aware of So Euro dollar your dollar is down at 126 61, which is it's 2012 support level and Failing that I think that I should have to go on to the weekly chart to find something lower I would appear and this does look like it's kind of a little bit overdone, but look at the size of that potential Gap between the next support level so 126 61 breaks you're looking at 120 Which is significantly lower for your dollar But these moves that we've seen We've not even looked at a potential cut in the Eurozone interest rate yet So there still is a number of fundamental factors that could impact your dollar that a little bit further and You know you do have the Fed coming out a lot kind of downplay potential rate hike in the US So that's not even really fully getting aggressive yet So your dollar looking vulnerable should we break below one spot 2660? With the next potential support a long way away. So moving on to GBP USD It's been volatile last couple sessions obviously spiking up almost goes to 165 58 when Scotland vote no To independence but now drifting a little bit lower again That's more to do with rampant US dollar strength rather than a weakness in the sterling But one spot 62 65 does look to be strategic in short term. That's potential resistance and we're just trading slightly above that So economic data wise We had a whole bunch of Chinese data overnight a whole bunch of PMI data Which actually slightly disappointed Later on today, we do have employment data for Germany and we do have UK balance of payments and GDP data due at 11 30 a.m. Be fast forward on to Wednesday You'll be able to see ADP private payroll numbers that'll be very interesting obviously and then you've got the ISM manufacturing survey data Obviously, we're getting quite close to non-farm perils as we get to that Friday there as well So a fair amount of economic data people will be looking at non-farm perils obviously as a as a key eye for US rates and that will have a big impact across most other global markets Join me again tomorrow to find out what happened next