 Good morning and welcome to today's products and focus. So having a quick look at the US markets You can see that we're slowly drifting lower as news fillers down about crude oils 6% drop overnight down to about 37 dollars and change as big concerns over future demand begin to impact the markets with most Fingers pointing at China and the lack of growth in that in that area. So if you couple the growing interest rate Kind of fuel on the 16th of December and you combine that together with lower growth from China and the Increased output of crude oil people aren't even buying it even at these incredibly low prices That's got send a couple of alarm bells ringing and certainly on the equity market front We were lower earlier on yesterday's session, but we managed to recover some but we're back on the back foot already this morning So that's where we are on the US 30 Then jumping on to the UK 100 a kind of a bleaker picture Coming to already towards the end of today's range With 60 73 being the next potential support on the interday charts This looks very very heavy right now You had a negative cross over off the 8% level and slow stochastic and you've got the Mac D crossing the zero line as well So from a technical perspective UK 100 looking kind of heavy Some of a picture for Japan to do five bearish and golfing pattern failure to break through 21 pureed SMA next potential support would be 19104 other technicals are slumping downwards But it's the the final break of the 8% level and the slow stochastic Which will probably be from a technical perspective perspective more keenly watched Jumping on to dollar yen dollar yen not doing a huge amount version golfing pattern again failure to break up that much higher People will be buying the end of the safe haven of equities begin to sell off We do have that 21 pureed SMA that might provide short-term potential support other technicals are relatively neutral You can just see here from from dolly ends perspective that Round about 123 and change that's being a short-term potential resistance since November So let's look at West Texas crude so a very strong Kind of technical breakout. We had yesterday fall through must have had a whole bunch of stops on the way down brought below thirty seven dollars but as testament to To the sell-off there. We haven't actually seen an extended move towards thirty five dollars thirty cents, which is a 2009 low But consider me broken below my foot. Let me just draw this on Perhaps a little bit more accurately That's kind of where the support level actually is Which got broken last night. Now, we've not quite had that retracement yet. Let's have a look at our perspective So even let's go in a one-hour So that bit more clearly So you can just see it's just kind of waving but so they're waving but it's already coming off You can see the tip of this candle right here It's tried to break higher and got pushed back down again and for my intraday line chart It doesn't look really that strong or powerful right now either So then looking at gold. I had a bit reversal yesterday as we talked about I Was very unusual move for it to break so much higher even the strength of US dollar and Potential hike and interest rates is completely reversed course Not completely but it was on the wrong side of potential support at one thousand seventy two It's a brief rally this morning It's ticking up ever so slightly on the intraday charts, but could be capped by that 21 period SMA as well So finishing up with your dollar and GBP USD. So Euro dollar had a bounce of one spot 08 19 Not really actually doing a huge amount after that This would be quite a strong technical signal the fact that it's rejected moving lower It didn't make up all of its losses for the day, but The tip of the candle today we are making a series of lower highs. You got high lower high lower high lower high We might begin to consolidate around about one spot 08 Because obviously the 16th isn't that far away. That's the next FOMC session Well, there'll be a decision made on rates and that's Wednesday the 16th of December Which will be fairly important for most traders out there GBP USD drifting towards one spot 50 27 so it'd be quite good to see if we get a bounce off that level or not Obviously with the FOMC next week that that could be something that could cause it to punch out the FOMC is pretty much 80% priced in or an 8% chance that will happen. So they do raise rates I wouldn't expect the dollar to have an unbelievable catapult forward, but they don't raise rates That's when you might see some more exciting movement. So looking at the Chinese data So exports year and year was worse than expected and Imports was not as bad as expected Trade balance came in better than expected Which is actually not so bad GDP for Eurozone is due today at 10 a.m. UK time And if you pass forward on to Wednesday the whole host of Japanese and Chinese data followed by crude elementaries more Chinese data and then Thursday more Japanese data Interest rate announcement from the Bank of England and you also have Employment data from the US as well. So guys keep your eye on the chart forum Make insights probably later going forward and join me again tomorrow to find out what happened next