 Hi, good morning and welcome to today's products and focus most global equity markets are substantially higher today Led by the American markets that reached an all-time high yesterday So many other markets are taking a little bit of solace from that and they moved that a little bit higher as well even though there's been a little bit of disappointing macroeconomic data at the US last night PMI again disappointed only just but still still a miss as we head into this week with the ECB meeting on the press conference on Thursday talk about their stimulus measures and of course non-farm payrolls on Friday We're a big figure. We'd obviously add a lot of weight to an early rate hike But nevertheless US market a great session yesterday and hit an all-time high as well So looking at the previous levels there that were broken if I just get my SR line right there You could be looking at a new potential Springboard in about 18 to 4 0 We already are seeing a slight little bit of drift this morning Germany market looking particularly strong on the back of Record highs in the US and obviously the rate cut we had in China over the weekend moving on to the UK 100 Resource-style stock given a bit of a late burst the UK 100 still ending and negative territory last night But looks to be that we're going to be re-challenging in 69 64 at some point today very volatile the UK 100 has been the last couple days drops in them and West Texas and Brent impacting BP and shell I haven't actually had an update yesterday, but that only happened later on in the session So we'll see how the UK market starts things off when we start taking So looking in Japan to do five we saw a bit of a resurgence in the Japanese yen last night That's caused a little bit of a move down by Japan to do five But you're looking at 186 48 is being that was a broken resistance now expected to act as a potential support level The other technicals are of course slightly overbought because the Japan to do five has been in a Two-month long rally going away from 16,000 above 18,000 so it's been a decent move to the upside right there So a little bit of pressure removed wouldn't be necessarily a bad thing for Japan to do five And as I said the yen has wrestled a little bit control off the US dollar after that disappointing PMI data yesterday So actually let's have a look at dollar yen right now Just look like it was going to break out a little bit higher Feel which break across 120 spot 46 any drift well one 19 has been something we've been talking about for quite some time I wouldn't be a massively surprised if we saw dollar yen move back into that area But obviously depends on a lot of the macro data not a huge amount today You've got domestic auto industry sales in the US fast forward on to Wednesday You've got a Chinese PMI German PMI your own PMI UK PMI retail sales ADP public payrolls and of course course cruel inventory So Wednesday you've got a whole raft of US and European focus data and now obviously Thursday the ECB press conference So a lot of fundamentals still to come so looking at West Texas crew just not really doing a huge amount pretty volatile Yes, they look at this doji formation right here. It's flattening out just now We could just begin to see moves around about this $50 level for quite some time Moving quickly on to gold gold very volatile again already this morning. It came off that a little bit more yesterday kind of I guess a lot of surprising on the back of the PMI the weakening PMI data some traders is really feeling that the Interest rate hike in the US is going to come sooner rather than later Obviously that initial spike that we had yesterday was in the back of the potential Chinese demand such a volatile start to the morning, but 1186 is the next potential support. So Depending on traders views as to interest rates in the US. That's gonna have a big impact on gold going forward. So moving on to your dollar Your dollars next potential support is one spot 11 effectively It's tried to push higher the last last two sessions yesterday in particular We're trying to move higher only to get pushed that little bit more as well So it looks at your dollars and really struggle That's even in the back of that kind of disappointing PMI figure from America. So finishing up with GBP USD Broken below one spot before 24 hugging 21 pure FMA This could be a trend line break, which would be very negative for cable actually that would open up one spot 51 85 That's a case you got a crossover in the MACD A crossover in the slow to cast it so from a technical perspective if we break below those moving averages Then that's that's that's not looking that tasty for GBP USD But we've not done it yet and those moving averages have got a history of providing some relative support and resistance So do bear that in mind So as ever keep your eye on the chart for make insights probably be late going forward and join me again tomorrow to find out What happened next?