 Hi guys, good morning and welcome to today's products and focus global markets are assuming the slide again Even the back of some positive data within us last night positive ISM numbers good manufacturing But Germany kind of didn't do quite so well this morning showing a real slide Thoughts being that the Russian sanctions or the potential Russian sanctions will hit hard It's a lot less business confidence in the year and in the Eurozone US 30 their touch potential Support at sixteen thousand four hundred last night bounced off there still floating around there today But most global markets are not showing much conviction to recover this morning. There seems to be a lot of weight And certainly pressure pushing these markets down look at the UK one hundred Breaking below six six six six. We're actually down below the low that we had just On on Thursday there last week next potential support is that actually at sixty five eighty one This looks like a kind of a kind of a bugle formation that we're getting here with Extending highs but also extending lows potentially going to be prevalent And the Japan 225 it's also come come off as about a percent down Falling on from yesterday's quite quite aggressive sell-off and this obviously is not Necessarily a dollar yen shifted move We are looking at next potential support at 14 at 977 retreating below the 55 period SMA Certainly a lot of pressure on Japan to do five Looking at crude oil West Texas it touched 97 yesterday before bouncing up We're now to Rangers 97 99 People who be looking at crude oil at these levels longer term is going to be back It's gonna be a benefit benefit for the global economy the lower we get down People kind of look at crude oil has been like the fuel of the economy or a kind of a taxation on the economy I should say So if oil prices are low means paying less tax if oil prices are high you're paying Let's say a higher tax because oil is so widely utilized across all commerce Across the global economy that actually missed out dollar yen right there. I don't yen We've been seeing some interesting moves in the US dollar overnight Especially good against the euro dollar. That's where a lot of people will be looking But the dollar in particular actually managed to get back up to a dollar yen So I managed to get up to one or two spot 87 on the back of his pot better than expected results in the US But we're slowly kind of drifting back down again is it might be a little bit of safe haven yen buying I can see your yen is just absolutely tanked it as well But potential resistance that remains out one or two spot 90 It kind of feels like any any sliver of good news coming out of the US was because the dollar bills are still in play They'll help to propel US dollar up higher And your dollar probably for a lot of the action is right now because of the state of the euro zone and Germany So looking at gold I had a little bit of a kind of a previous to the kind of all-tile session again Stronger US dollar perhaps pushing it down. I still think we're probably in this Kind of wedge formation that we've talked about the last couple of sessions I won't get a break out one direction or the other Certainly when there's this sort of level fear in the market be thinking the gold we'll be doing quite well But the testament to the fact that it's not shooting up in the positive territory that most traders should be looking at 1295 is the potential resistance to keep your eyes on So moving on to your dollar is it's again moving lower a negative session yesterday negative session again today I'm actually going to put this level on here at one Spot 33 that's the next potential support level on Common currency then followed by one spot 31 93 We don't have a huge amount of USDA We do have trade balance and UK industrial production and the crude oil inventories, which will be interesting as last the crude oil inventories were Quite bullish which added extra pressure to West Texas crude Looking at cable we actually had a bounce on Monday and Tuesday We are in the middle of two ranges right now that Economic data due out today for the UK will be Another driver for cable run between two ranges right now on spot 69 23 a month spots 68 20 and I'll be fast forward on to tomorrow. The more German industrial production figures That'll be kind of interesting Interest rate announcements in the Eurozone and the UK and jobless claims in the US so there is a fair amount of fundamental still sloshing around it out there and I said there is a little bit of pressure still looking to be Found on the global equity markets keep your eye on the Char forum to get updates from our global analyst team They'll be looking at things from a technical perspective to the next couple of sessions and make sure you make insights part of your layout and Join me again tomorrow to find out what happened next