 My good morning my good morning and welcome to today's products and focus be able to see there the US there It managed to hit another all-time high yesterday in the back of very positive US earnings eBay actually be expectations by about 1 cent where as Intel jumped about 9.2 percent Obviously in the back of their results that came out the day before very positive momentum right there And that's helped push a lot of the global markets up that little bit higher Bank of America slightly disappointed But we still had some great momentum from IBM from Apple and obviously a lot the banking stock still doing well in the back of Goldman Sachs and and JP Morgan We do have Google reporting today, which will be keenly watched So the US markets at all-time highs and you've got low interest rates lots of monetary support from from the government Should earnings continue to be impressive. I wouldn't be surprised if the US markets continue to grind higher Though I'd be very surprised if we see a massive move to the upside Because we are already at such a such massive highs, but should earnings begin to disappoint We might be able to see some further disappointment or further volatility. Sorry in the markets But until then you're above potential resistance at 1745 75 we should act as potential support in the short term UK 100 had a great day yesterday actually moving into positive territory again today trying to get above potential resistance of 6774 Which is also coincides with 21 period SMA next potential resistance at 68 74 and the UK economy continues to look like it's doing better than some of its European counterparts and You know there is some interesting data still to come next week. So Japan 2 to 5 Has failed to break through potential resistance third fourth time has tried to break through 15488 We are trading above both moving averages technical indicators are neutral with a crossover in the MACD Coming out a break above 15488 would open up 15828 but it's really about dollar yen and dollar yen is really interesting today because The US dollar had tried to wrestle control last couple of sessions, but now the yen is coming back in It's probably more so a little bit of US dollar weakness after having a couple of real strong days right there But this is a bearish engulfing pattern which follows a doji formation I wouldn't be surprised to be retested one-on-one spot there at 5 As a potential support followed by 100 spot 80 is obviously that's a bit more of a negative support I've got down to there that'd be more of a negative move, but we have been stuck in a slow ground lower since the start of 2014 So that is quite interesting with going in moving quickly on to West Texas crude real shot on the army yesterday in the back of that A crude oil inventories came in way less than what was expected a massive dollar move So if you can't come up with this hammer formation right here followed by this massive bearish engulfing pattern The fact that we're moving further forward right now closing in on one one or two that could open up the next potential resistance up one oh three Relatively soon, so this looks quite good Especially after such a long period of sell-off the question is are we going to get a bigger move higher in crude oil? Or is this just a retracement before we start further move back down? Remember that people do look at crude oil as a barometer of global demand They look at it for China for growth and it has been getting hammered pretty hard considering all the Fundamentals around the Middle East and Ukraine So switching on to Euro dollar where it's an area that a lot more FX traders are looking at today Especially with the CPI and US jobless claims due but we broke through one spot 3568 yesterday Quite a negative candle closing in on closing near the lows of the day is floating right now We're a fair bit away from the next potential support at one spot 3455 But they level psychologically that a lot of people will be looking at is one spot 3500 As you can see that is the the bottom of this candle range We're closing in it every slightly we're not doing anything so much so far today But if that level breaks and we close below it then one spot 3455 might be a formality in the short term But just keep your eye on the economic data the macro data will be the big driver for your dollar And obviously there's a lot of turmoil in Eurozone just now with the really poor ZDW business report that we had Earlier on the week and obviously you've got the Portuguese banking issue The the Banco Esperanto Santo Esperanto getting absolutely smashed just now was down about 17% there are there on in the week and You know if we move on to GBP USD actually it's failed to break through one spot 71 84 It's kind of floating right now even in the back that really good Really good but inflationary data that came out for the UK really putting the pressure on the UK to raise rates sooner rather than later We're not making any great end roads higher or lower So we're slap back in the middle of two ranges right now to prepare one spot 71 84 one spot 70 48 on the other side So I can a bit data-wise as I said CPI from the Eurozone followed by jobless claims in the US Nothing too exciting tomorrow apart from you've got the sentiment index from Reuters Never usually that exciting to be honest today is more so the day to be involved in The fundamentals of macroeconomic data side and Euro dollar is probably where most traders are looking at obviously the US indices And crude all this text this will be good to keep an eye on today Look at the chart forum make insights party layer and join me again tomorrow to find out what happened