 Hi, good morning and welcome to today's products and focus. So I guess a lot of news overnight is people looking at the PMI data from China Some of it disappointed some of it came in just marginally better than expected We also had confirmation that Chinese Yuan will be added on to the IMS basket basket of currencies major milestone for the country biggest impact is going to have is potentially on the euro which Did account for 37% of all FX trading It's expected to drop down to about 30% of all FX trading when the Yuan comes really into the foray in 2016 towards the end of 2016 as well and what we can see in there His moves and the equity markets to bounce a little bit higher on the US 30 at 17747 which has been a potential support level that we talked about for quite some time now Which also coincides to be that 21 period SMA German market is is ticking up the UK market as well and Asia So a lot of the Asian indices I can see that they're Hong Kong 43 is up about a percent Australia 200 up a percent Commodity has had a slight bit of a rebound as well Perhaps more of a relief rally than anything else, but non-farm perils is on Friday That's gonna be massive. And of course you got the ECB Paul monetary policy Decision on Thursday, and that's gonna be pretty big as well So looking at the UK 100 grinding ever ever ever higher interesting candle formation yesterday We managed to hammer out the lows. We were much lower got pushing the positive territory by the end of the session We're approaching 64 at 15 now So actually having a look at the UK market. I'm gonna have to completely redraw that now I would even take this point here, but I think we have to look here So that's that's probably a much more suitable potential resistance level to look at 64 89 could be the next potential resistance And that matches up that little bit more nicely as well So then moving on to Japan to do five Great candle so far today bullish and golfing pattern Looks to be that we're at a recent high holding we've been as high as this and tell me the tip of this candle But 20,087 is in play and that's been a resistance level that's been looked at for quite some time Then moving on to dollar yen dollar yen was moving higher yesterday reversed again today To be honest dollar yen is not really that exciting at the moment moving on to West Texas crude We had a chance to rally yesterday got pushed back down again A lot of people are talking about the legal oil flow from from Syria and Iraq and to Turkey at the moment That's ruffling a few feathers and a lot of people questioning the Middle East oil aspects many many times And that's maybe having a little bit of an impact on depressing prices because China the PMI date is not that bad It's not that great either But China has been quite a decent proxy for West Texas West Texas crude as well If their demand is slowing you normally expect West Texas to go down a little bit lower Certainly 42 dollars seems to be a potential resistance level that's been in play for some time longer term potential support 3750 Looking at the yellow metal Interestingly it managed to kind of rally up yesterday. We had some disappointing data out of the US. We go back to yesterday We had the Chicago survey data came at forty set of forty eight point seven versus fifty four And the housing index sales figures were pretty rubbish as well And then if we look at today, we've actually got a couple of extra bits of data to come out You've got lots of PMI data We've already had it from China and we've got some of it coming out from Germany got the Eurozone the UK employment data Data as well and then finishing up with more US PMI data and domestic auto industry sales later on in the session So that could make things quite interesting in regards to you know, well, they are won't they raise interest rates in the US This is a kind of unusual step for gold to make Had a decent day yesterday is rallying up again today I guess a dollar has kind of reverse course a bit. You've got cable and your dollar bouncing a little bit higher But those are some decent moves for the yellow metal unable to break through resistance as of yet So finishing up with your dollar and GBP USD. So your dollar Not really doing a huge amount but grinding lower towards one spot zero five twenty four People are beginning now to talk about parity It's already come off so much like how much of an interest rate hike has been priced in to your dollar already Is a very good question, but hopefully we don't have that much longer to wait Remember, we've got ECB policy decision on Thursday Non-farm perils on Friday, and then we actually have the FOMC decision mid December as well So that's when they'll make the decision about what's gonna happen next And then if we finish up with GBP USD Modest bounce hammer formation yesterday bullish engulfing pattern again today one spot 5110 is the next potential Resistance to look out for on that FX pair So guys keep you on the chart forum make insights part of your leg going forward and join me again tomorrow to find out what happened next