 hi good morning and welcome to today's products and focus most markets are still hover near all-time high levels the Germany 30 is absolutely smashing this morning going on a little bit higher as it's looking more and more likely that we still will be reached some positive data from Germany as well but some good data of America well depending if you if your interest rate focused or not so we had inflation data yesterday which is a bit higher than expected and we got GDP due today now a GDP figure of around about two two point one the expectation of two point one will deflate the dollar bill slightly anything greater than that I think will add extra credence so we had like durable goods yesterday as well and we had the CPI data that came in slightly higher than expected so we've seen some big moves in the dollar overnight and we'll come back to those in a second but that is kind of interesting to see that the US 30 still begin to flatten out around about this 18,000 level so not really a huge amount of trading opportunity in US 30 today. So looking at the UK 100 looks to be that we're almost getting this new triangle formation or not triangle formation that kind of a new trend line on there so if I just take this point here you can just see the massive steepening of these of these levels I'm interested to see it that managed to hold but 6906 seems to be the potential pivot that was the all-time high that was broken so was resistance now expected to act as potential support I combine that if you look at the tips of these candles there is a lot of reluctance from the US for the UK 100 sorry to break up that that much higher just below 6964 and that's me in play now for a number of sessions and today's candle we're already trying to move that little bit higher so maybe we can get some momentum so Japan 225 the big turnaround we saw in dollar yen has undoubtedly undoubtedly helped Japan to do five had a really strong breakout yesterday but that was also compounded by the fundamentals behind the civil service pension funded Japan switching their metrics for investment from 8% of local equities to 25% big boost for Japan to do five and then you have the dollar yen reversal as US dollar massively strength and so about a hundred hundred points anyway and then on the entire day charge it looks it looks significant I'm surely in the daily charge it's not that bad but the dollar bills have definitely tried to wrestle a bit of control anyway after being a little bit fast last couple days so that gives you an idea what's happened with Japan to do five we move on to dollar yen dollar yen even though we have had this the spike higher on the entire day charts this is a daily interval and certainly it's still kind of hard to get that excited by this FX pair has been flattening out in this way for some time 119 still seems to be the level is going to bounce around for a while crude oil came off five and a half percent yesterday at one point recovered slightly still still down on the day we're up about three quarters of a percent right now crude oil inventories obviously much higher than expected but you do have oil production issues over in Libya I'll be mostly at the Gulf States are absolutely fine there's still a little bit of demand out there there are prices are slightly supported by a reduction in exploration in the North Sea in many other areas as well people are trying to talk up West Texas a little bit but five and a half percent drop yesterday I'm sure that's been a little bit shaky for a number of West Texas traders so longer-term potential supports the remains of 43 29 longer-term potential resistance 54 85 so looking at gold gold probably had a strong reversal yesterday it was looking quite quite bullish there before before the inflation data came out and the US GDP figures when they come if they come good gold is obviously potentially exposed to move to the downside if it comes in greater than 2.1% so we get something like 2.6 I think that'd be significant big moves in a dollar again big moves in gold it comes in as expected or two or less than two then gold will be back back in play and we might have a rechallenge of 1218 we do have a death cross on the moving averages incidentally so from a technical perspective there is a little bit of weight however if you look at this like slow stochastic and the MACD were quite close to having reversal signals on there but they're not yet come to fruition so finishing up with the euro dollar and GBP USD so that dollar move really smashed that he's sending triangle formation that is a proper technical breakout right there real decent move yeah it moves about 250 points and quite a decent other 150 points but that's still a significant significant move you can see it quite clearly there they're in the charts the potential support level and actually if you just go ahead and get drawing tools out there for a second and add that on there you can see your one spot as basically one spot 11 as the next potential support to be aware of on there so if we have a look at GBP USD strong reversal bullish engulfing pattern we stopped pretty much bang on potential support one spot 54 24 pressures on though almost got a golden cross and moving averages other technicals are overbought kind of a flip side to what we saw on gold but you can you can kind of see they were quite close to getting a crossover the slow stochastic is overbought it's almost just about to cross that 80% level which would be a reversal signal but we just have to wait and see how things pan out with this GDP figure so let's let's have a look at that so you've got German CPI so that's gonna be interesting for your dollar and it is this GDP figure that's a 130 make sure you've got your alert set for that there is obviously a lot of a lot of information on here to get to grips with a lot of different GDP data results due out I'm sure that is going to be an interesting day so make sure that that when they're set because after that you still have the housing index and you've got the university of Michigan inflation data as well so that should be quite good for your dollar and cable but it's GDP that people are pretty much waiting for today as well so we'll keep you on the chart for make it as part of your leg going forward and join me again on Monday to find out what happened next