 Hi, good morning and welcome to these products in focus U.S. 30 there drifting slightly lower Heating potential support of resistance already at 17 0 75 quite Volatile session yesterday briefly touching support at 69 69 Before rallying back up to finish don't finish and bang on the level there only for it then to drift down a little bit lower most markets sign off this morning Germany 30 just ever slightly edging lower UK 100 just suddenly dropping We'll come back to that right now in fact Moving on to UK 100 and we were looking very decent first thing this morning But there's been a very short spat of selling in the last just five ten minutes pushing it below potential support 68 32 Next potential support at 67 74 Then having a look at Japan 225 It's been doing quite well because of dollar yen Pushing right back up through potential resistance at 15 828 next potential resistance at 59 87 That dollar yen was really helping Japan 2 to 5 mood to the top side Also, the Bank of Japan might be doing more asset purchases more money to policy updates Obviously things been looking quite good in Japan for last couple of last couple of sessions And once we break through there next potential resistance might be closer to 16400 which would certainly be beneficial for those the bill is few on that index So having a look at dollar yen Has been going absolutely great guns next potential resistance still at 110 spots 77 miles and miles away Doji formation currently prevalent we finished bang on the top end of the range yesterday Things still looking quite bullish The fundamentals by the US dollar are still quite quite positive with an early rate hike possibly at the end of this year We do have a Fed meeting. I think it's 15 16 17th of September Which might give more clarity as to what the view of that is And obviously dolly ends has been going Great guns smashing through potential resistance 105 spot 44 If there is any sell-off profit-taking might result in quite a steep slide and the short term So just be very careful Dolly ends also quite tough if you're not currently trading it It's hard to get into it at this level, but you're still currently long You know trailing stop losses can be quite useful in this instance So looking at crude oil West Texas has been feeling the pain that stronger dollar really dampening the spirits Lower global demand is China slows down PPI data that came out yesterday meant that they might be looking at a little bit of stimulus in that area So China growth not as strong as they were hoping global demand Prospects trim slightly and that's impacting people's view on West Texas crude I guess longer term the potential support is at 89 and the shorter term You are probably still looking around about 91 spot 13 as an ex potential support And you can see the pressure there is is still on on West Texas crude gold isn't that exciting right now It's not feeling Much support from that strong greenback Pushing it down below the potential Support level of this of this channel that I draw on there made the channels broken now You're probably looking at closer to 1240 as a next potential support I need to add that on to my chart just now so we can get a bit of flavor as what's happening right now and Then looking at your dollar It's broken through one spot 30 next potential support one spot 2746 Obviously the fundamentals are stacked against the the euro in this case. We have seen a lot of volatility But there has been a little bit of short covering there as well not as bad as GBP USD But I still give you a bit of flavor as to as to what's happening We are in the middle of two ranges right now, which makes it quite difficult and we are getting a period of consolidation right here But I will be interesting to see a things go You do have us jobless claims due today at 130 which might add more fuel to the fire Will just have to wait and see and they but retail sales and Friday in fact So there is still quite a number of fundamental factors that can impact these FX pairs Lots of traders looking at GBP USD has it been overdone because of Scottish independence? Probably yes Still a lot of unanswered questions about what will be happening to the pounds in Scotland. Will they use it? Will they not use it? Will independence be the worst thing that's ever happened to the to the Union? Obviously a lot of scaremongering going on out there just now as well I think most people still would quite like the Union stay together around the breakup But obviously the 18th of September isn't that far away right now And my favorite pretty much looking like week today Potential resistance one spot 62 65 potential support remains at one spot 60 0 9 And this could this this rally we had yesterday might have been in the back slightly a bit short covering after you know People booking some profits as we've had this big huge sell-off broken trend line very prevalent just now But we'll have to wait and see one spot 62 65 could be a potential resistance level that may result in a whole bunch of Sellers coming back in so just be aware of that level and we'll see your things and go on So job was claims due to day 130 make sure you got your alarm set for that That's UK time and then fast-forwarding on to Friday. There is like a University of Michigan consumer sentiment Sorry beam. I'm not really bothered about that one But retail sales should be keenly watched by anybody trading FX as well GBP USD dollar yen annual dollar all Fantastic FX periods be having a look at right now. You just got to choose which direction is going to go So if I finish up just by looking at client sentiment for a second Just to give you a bit of an idea as to the view of what seems to market clients are doing right now Firmly short the US 30 and the UK 100 64% long on the Germany 30 so people taking a bit more of a bullish view on there But then it has been coming off quite a lot the last couple of days If you look at FX you have 84% of our top clients are short your dollar 66% are short GP USD so not so confident right there Whereas Brent crude you are looking at 60% long This gives you a bit of a flavor as to what are the clients doing 96% of clients a long dollar yen So hopefully they're making a whole bunch of cash in the back of that as well And join me again tomorrow to find out what happened next