 Hi, good morning, and welcome to today's products and focus most global markets I should drift them down a little bit lower this morning in the back from this point data coming out of China with non-farm perils be expectations on Friday, which Caused us dollar to rally but most had a quite a muted response across most other markets because it now makes it more likely that the US will raise rates Sooner rather than later many commentators I obviously thought the non-forms who disappoint because of the recent macro data coming out the US obviously does one Data release is obviously one of the most important, but the Chinese data out today Showing a 20% drop in factory production as one of those things that does cause a little bit of a ease in the markets And we actually finished with the dology formation on the US 30 on Friday Which isn't that powerful a signal to have especially the top end of an uptrend and we're a little bit lower this morning I'll be at the US market has recovered off the session lows the Germany 30 is Moving further into negative territory as is the UK 100 as we just kick start off the session in the UK So potential support 17 7 3 8 there on the US 30 So moving on to UK 100 we had a negative session on Friday We've moved a little bit lower this morning in between two ranges We were unable to break through that all-time high at 6906 next potential support as it's 67 71 We've got a negative crossover on the MACD And we are just about across the 80% level in the source stochastic. So from a technical analysis perspective There is a little bit of weakness to start off the week on the UK 100 So then jumping on Japan 2 to 5, which will be benefiting slightly from more yen a Little bit of a weakness as the US dollar soldiers on against that we're now 118 We're almost at 119 on dollar yen and that Chinese Data hasn't massively dented Japan 2 to 5 too much for still at the top end of the scale 18306 to the long-term term potential Support our resistance level on there and actually if I get my drawing tools up here and we add a trend line Across the bottom here. We couldn't begin to see Ascending triangle formation. I'll be there is certainly the possibility of a channel They're developing between these two levels right here. So we might get an upward trajectory there Over the next couple months. So they're moving on to that dollar yen position very strong candle on Friday We stopped just shy of resistance at one 18 spot 95. We did take ahead above it, but we haven't closed above it We're doing about both moving averages the MACD's just crossing the zero line The other technicals are neutral and to indicate that this could have further to go So as long as there isn't too much instability in the markets there Which would encourage people to keep start buying the yen dollar yen looks positioned for An attempt anyway to try and move that little bit higher, but again all depends on The MACD events that are coming in. So if we want to cruel west Texas that Chinese slow down put the brakes on it Slightly there are there is more instability in Libya Output potentially being affected there So not a massive turnaround today But nevertheless about 55 dollars is going to be a potential resistance cap on West Texas crude, but we've certainly had a very Good couple of sessions and we're You cruise not out of the the game yet, incidentally So the more consolidation we get closer to 55 dollars and more possibility. We could get a move closer to 60 So Gold is not feeling very shipper this morning as that higher interest rate and stronger US dollar really is not gold's best friend trading below 1242 To be fair, even though we've had a retracement this morning Each macro macro data event that comes out that makes interest rates more likely Will add further weight more pressure to gold prices over the next couple of next couple of weeks and months Obviously anything that disappoints people will still have a little bit of a nibble of gold But certainly known farms is the most important figure out there So for it to come in better than expected That is making it more likely that rates will rise sooner rather than later Which is going to be negative for gold So we finish up with your dollar and cable your dollar down a little bit this morning Greece, they're the new prime minister out there He's pretty much come out and said that they will not negotiate with europe With the latest potential debt deal and that's caused your dollar to come off the euro has been Retreating across the board and certainly we're looking at a longer term potential support probably around about once about 11 Unable to break through the 21 period sma the other technicals Did have bullish breakouts there, but that was a number of sessions ago and then we're back on the retreat Is slightly ticked up this morning friday was not so good So if we then finishing up with uh with cable cables had a fantastic last couple of days Albeit friday's candle was not so good Obviously the dollar gaining strength after that non-farm perils figure we've started to Slowly tick up again this morning one spot 51 85 looks like a logical springboard A potential springboard anyway for traders looking at that fx pair in regards to their kind of data that's due out today um You can see there that there's not a huge amount In eurozone or over in the asia or the us we fast forward on to tomorrow We've got some more chinese datum that you got cpi and ppi We should be keenly watched to shine as this world's second biggest economy And then if we fast forward on to wednesday You can see we've got some petroleum data that there isn't a huge amount of exciting data until you get to thursday And thursday has a shoot as a fair amount. You've got a lot of important german data cpi We've got industrial production for europe and you've got u.s Retail sales and unemployment claims and that will probably be your biggest Fundamentals macro data event day of the week So as ever keep you on the char forum make insights part of your layer going forward and join me again tomorrow to find out what happened next