 Hi good morning and welcome to today's products and focus so most markets have actually managed to spike up a little bit higher as the market has now made the decision that the Fed statement due tomorrow is going to be a little bit more dovish than what was initially expected because of some of their commitment coming out of the US it's not quite as pro early interest rate hike as some traders would like so people begin to bet now that they're probably going to remove the word patience but then still marry it up to the macroeconomic data improving and that's why we've seen such a big turnaround on the against the US dollar and see more of the equity market spike up the level higher including the US 30 so we're trading above 17 895 we actually hit 18,000 last night we might have another retest that we're on today so moving on to UK 100 you can see that we actually broke through 6 to 771 yesterday stayed above there I'm moving on a little higher just now that also coincides with the 55 period SMA that might eventually kind of add support to 6 to 771 the MACD was going to cross the zero line that stopped right now so it might end up pushing back up that level higher the other technicals are still neutral with the RSI just slowly taking up crossing that 50% level so if we do begin to see that little bit more upside momentum right there 6771 could be the support you might have a little bit of potential resistance at the 21 period SMA followed by 6906 moving on to Japan to 25 it's soldiering on that little bit higher as well and dollar yen quite volatile still kicking around 121 we're almost halfway towards our next potential resistance at 20,868 decent day yesterday another strong day again today currently trading at the top end of his range moving on to dollar yen very quickly 121.87 is the resistance to be it's not done it yet it's flattening out quite close to there could be a consolidation move until we get a break one direction or the other technicals are also flattening out with the RSI and slow to cast it both overbought but no signal yet to sell but we'll soon see with the US dollar we've got a decent bit of macro data to come out I think over in Japan as well the Bank of Japan governor is due to speak very soon if he's not spoken already talk talk about more about the the Japanese stimulus and the fact that they don't have to go to too heavy-handed to begin with and that's probably holding dollar yen back a little bit moving on to Kurokawa's taxes to finish things up we actually hit a six-year low yesterday still moving lower again this morning 43 spot 29 is a potential support level fall by $35.30 from a technical analysis perspective on higher inventory data as ever gold probably quite volatile even though the dollar has rallied against the sterling and the euro we're not seeing that interest rate aspect filter on to gold which is actually just move I had a negative day yesterday and still slowly moving lower towards 1137 was the next potential support level as well so let's finish up with your dollar your dollar positive day yesterday positive again today still in the middle of two ranges there's really not much to talk about in that regard there isn't any specific momentum in any one direction or the other we have seen a little bit reversal of the US dollar and if you look at GBP USD kind of reversal trading back above one spot 48 13 we haven't followed through so far this morning this looks to be quite the strong pivot level almost go across on the RSI and we are certainly crossing over in the stochastic but we've not yet crossed back through that 20% level which would be the reversal signal that many traders are looking for we do have a death cross appearing on the moving averages however that'll be adding slightly more pressure so all depends what the FOMC comes out with on Wednesday so economic day wise you've got your own CPI due today the ZDW business report so the things that would be big for for your dollar but you're pulling up and get a huge amount of movement until after the FOMC to be honest and we fast forward on to Wednesday you've got the Bank of England minutes unemployment claim data weekly petroleum sales and then you have that FOMC meeting where people will be looking over that statement with that with a lot of interest so as ever keep your eyes on the chart forum make insights popular going forward and join me again tomorrow to find out what happened next