 Hi, good morning and welcome to today's products and focus. So big news overnight we had a statement from the Fed that basically highlighted that December will be a very likely candidate for the first rate hike in almost a decade but the upwards trajectory of future moves would be at a much slower pace than what the market might be expecting which basically cause equity markets across the globe to spike higher and the dollar take a significant bath as it could have reduced its longer-term value by the fact they were going to raise rates at a slower pace. So the US charity almost getting close to re-challenging the tips of these candles right here breaking above potential resistance 17747 with the next potential support run about almost 18,000 but then you look in 181112 all the way up to 18284 if the trajectory continues very strong candles really decent candle yesterday other technicals are relatively neutral. So moving on to the UK 100 and we have seen a slight rebound in commodities because the dollars come off slightly so the UK 100 also getting a little shot in the arm getting his head above 6300 could be capped at 21 period SMA but 6415 is the next potential resistance after that level. Then moving on to Japan 225 asset purchases continuing in the region at one point that's gonna have to stop but it wasn't at this policy anyway decent candle yesterday not doing much today but still very close to 20,000 and 87 which is the next potential resistance level to be aware of so looking at dollar yen as we mentioned the dollar lost a bit of strength more obvious in GBP USD and your dollar than anything else but having a look at dollar yen we are looking at this is a bearish and golfing pattern currently puts 124 42 into doubt it's off the session lows looking at from an interday perspective the scale is kind of ugly actually so we'll see how that pans out. Moving on to West Texas crude small bounce considering that we've had that that dollar reversal crude still languishing it was below 40 dollars for a slight seconds yesterday and 42 dollars will be broken support expect attack there's potential resistance so that's something to be aware of looking at gold gold should have had a big bounce yesterday but not really that big but it still moved in the right direction it's just on the right side of 1172 right now we could be looking at a 1050 and change level at some point there if rate chatter continues on but it's not like a super strong move considering that lower trajectory rhetoric from the Fed last night but nevertheless it's at least moving and they are in the right direction depending if you build it or bearish of course so looking at your dollar we're off the session highs so that's kind of interesting isn't it did initially spike up higher this morning but it's been getting pushed right back down again a little little sell-off first thing this morning if you were to look at this right now you would think that your dollar just from a technical perspective these candles are indicative of quite strong selling interest above 107 so one spot 05 24 still seems to be in play so actually when I'm kind of looking over these charts that little bit more it does feel like that that Fed message might have had a little short-term spike for on the FX markets but maybe things is really haven't changed that much in regards to the traders view as to future industry at high so December seems to be very much on the cards but look in the FX markets they're not really taking the news that it was going to be a slaughtered trajectory to negatively on the value of the USD actually if you look at cable that's when you see a bit more of a pronounced move okay candle yesterday short-term technical breakout today we just ticked above that 21 period SMA we're still quite far away from everything else what is quite interesting is if you look at your Stirling and your Stirling is just broken 0.7 it's currently trading at 0.69 and that's it that's a kind of quite a low point for you for your Stirling in some time so it's your weakness that is impacting obviously you've got the GBP strength so economic data wise right today is Thursday we have retail sales Philly Fed index and employment data from the US and then tomorrow doesn't really have a huge amount you've got a German PPI UK public services and then you've got inflation data from the Eurozone I started out inflation data but you've got the consumer confidence index and that's due at 3 p.m UK time so there we guys keep your eye on the chart for them make insights part of your layer going forward and join me again tomorrow to find out what happened next