 Hi good morning and welcome to today's products and focus so what we've kind of seen is a follow-on from yesterday's kind of listless trading session where the markets just don't really know where they're gonna go next but we broke through 17561 on the US 30 there on Friday didn't do too much yesterday and it looks to be a similar pattern already this morning though both yesterday and today we drifted down towards potential support at 17561 only to have a very modest bounce afterwards for the next potential resistance at 17747 we still have a Golden Cross and the moving averages from Thursday last week and the other technical indicators are beginning to look quite overbought with slight divergence on the slow stochastic so that we're seeing a downtrend slowly developing right here and we're still maybe in the cusp of an uptrend on the US 30 right now so that's something to be aware of today brings the earnings of Apple as well which many traders will be looking forward to so quite a big day if you're trading stocks or the Nasdaq or basically any American index with a big exposure to technology so that should be quite interesting to prepare yourself for moving on to the UK 100 we are just dipping our head below 6415 which is potential support obviously I kind of a interesting candle formation there on Thursday where we rejected the top highs to finish halfway up the candle which usually isn't a great sign so it's not as strong as signals what we saw on the US 30 which is still above potential support the UK 100 is struggling slightly MacD histogram really running out of gas right now which is indicative of selling pressure potentially on the horizon we still have a negative cross of the 80% level and the slow stochastic there so the UK 100 has its work cut out for it if it's going to make more progress in today's session looking on to Japan 225 negative day yesterday another negative day today with an acceleration to the downside looking at the color candle it's almost twice the size of the previous one as we get close to 18,000 and change that's something to to be aware of and to watch out for looks like we're not going to get our bullish cross on the moving averages at some point soon slow stochastic overbought RSI almost kind of getting there and you know we'll see how we get on but nevertheless 18648 is the next potential support level on the Japanese market and there is some central banker and meetings this week we've got the FOMC on Wednesday and I believe you do have Japan session at the end of the week neither are expected to do much in a way of any sort of action to do anything for their economies this month I think the FOMC is all but got a 0% chance of raising rates this session with only a fraction of an improvement towards the end of December so it's all about the statement what comes with it rather than the actual action itself so looking at dollar yen the dollar again is you losing a little bit momentum against the Japanese yen as people are buying the yen as a hedge against uncertainty in the equity markets we are now currently trading quite close to that 55 period SMA in the middle of two ranges right now with one spot 90 or sorry 119 spot 76 is potential support with 121 spot 87 acting as potential resistance you can see there on the RSI we almost hit the 70% level only for it to act as a kind of a quasi resistance so there still could be a little bit of further momentum on dollar yen should things improve but certainly the equity markets look like they're taking a bit of a breather after last week's strong rallying sessions so it's not that there's a huge amount of negativity in the markets because you have a huge amount of constant easing potentially on the horizon so any sell-off is kind of supported by the idea of cheap money just around the corner so looking at West Texas crude it's just getting destroyed the last couple of sessions really negative candle yesterday another negative candle today $42 is a potential support level the Mac these crossing the zero line the other technicals are not yet over but this still has some gas in the tank should that negative sentiment continue looking at gold still not getting a lot of love actually considering we're in a low interest rate environment for longer commodities are just not doing that great I would have thought that gold if yen has been bought as a hedge against uncertainty then gold is supposed to be a safe haven too but the technical signals and the candles are again indicative of selling pressure above 1168 with 1157 still being a potential support and we have that 21 period SMA racing up just behind it finishing up with GBP USD and Euro dollar Euro dollar is not getting much love either another negative day well that negative day on Monday we're having a bit of a retracement back up to 111 one spot 11 which isn't really happening with that much conviction Mac these crossing the zero line other technicals show room for further downside we the question for traders is this going to be a retracement or we're going to be able to break back through one spot 11 and that's up to the traders at home to make that decision so finishing up with GBP USD or cable modest bounce off the 21 period SMA yesterday not much follow through today one spot 54 24 is the potential resistance will that again be a retracement that's up for you guys but negative cross on the MACD we had a sell signal on a slow stochastic RSI pretty neutral so any upwards momentum we get to one spot 54 24 that's a very strategic point to be involved in cable so market calendar wise what do we have coming up we've got GDP in the UK at 9 30 UK time durable goods right there over in the US because of the time difference that's actually going to be 12 30 in the UK and then if we go on to Wednesday you've got German consumer confidence and you have the crude oil inventory change don't forget you do have that FOMC policy decision at 7 o'clock UK time sorry 6 o'clock UK time and if we have a look at some of the details right here you can see on Thursday you've got a house price data employment data from the US US GDP CPI from Germany the housing index Thursday's got a lot of data and if you go on to Friday I think Friday gives you a whole host of Japanese data and you've got the retail sales figures from Germany employment and a seat of CPI from the Eurozone so actually we've got a fair amount of economic data to finish up the week as well so guys keep your eye on the chart for make insights part of your leg going forward and join me again tomorrow to find out what happened next