 Hi, good morning and welcome to today's products and focus so most global equity markets move much much higher yesterday following the ECB's Announcement that monetary stimulus is potentially on the cards the US 30 had a massive bullish engulfing pattern yesterday smashing through 17361 hitting 17561 and Basically moving beyond most other technical indicators, which are getting quite overbought right now as well as the global equity markets from every corner Had a fantastic Thursday because it's not just the eurozone The ECB basically signaling that they'll do whatever it takes to prop up the local economies gave the green light for emerging markets for Japan for many other major areas there as well of China's I've been talking about it So it looks to be that Currencies might be getting devalued But equities stand to do quite well As more lending gets pushed out into other areas more economic stimulus, it's just a big positive I would have probably thought that they might have wanted to keep that in the in their back pocket for another day because things are Slowing down, but they're not that bad yet. I guess But there's only so much monetary stimulus They can really do before it starts to become an effectual, but nevertheless global equities having a fantastic end to the week Looking at the UK 100 bullish engulfing pattern again stopping at 64 15 Technicals are definitely getting overbought where the sales signal and the slow stochastic there Probably about two three days ago, but it's not been stopped with the fundamentals buying the ECB as well Lex potential resistance would be 65 89 if we managed to punch through 64 15 later on this morning So looking at Japan 2 to 5 again from task to break out close at the top end of this range smashed through both moving averages This is an interesting time. So 18 648 was a potential resistance as long from there Just now if we look at the tip of this candle right here around about 19,000 and 95 that was broken Support now expected to act as potential resistance. In fact, I'm gonna add that on there So I don't forget about it. In fact, will you take this point? Maybe you even take this point Oh, no, we're gonna go for this candle because it is that a little bit neater. So it could be looking at 19 104 as an exponential resistance longer term potential resistance 20,087 So having a look at dollar yen dollar yen having a great breakout capped by that 2055 period SMA graveyard doji formation currently 121 87 is the next potential resistance So the dollar seems to be getting a little bit of an acceleration today I guess if you're euros weakening on the back of potential monetary stimulus and the US is still thinking about Raising rates in December, which I don't think will actually ever happen That does give rise to people buying the US dollar at the expense of the euro and obviously people buying Exuberance in the market people are not buying the safe haven yen So dolly end could be an interesting play for those of you that want to take that dollar momentum as a potential trade So then having a look at crude oil West, Texas is not doing a huge amount even the stimulus measures Proposed by the ECB aren't really going to change much in China, which is the big driver of West Texas crude And obviously if the US dollar is gaining a little bit of momentum Then that's going to be a net bear as could be kind of negative for commodities are all priced in USD So not a lot happening with West Texas crude looking at gold Goal had a little bit of a move higher today. It was down yesterday again strong with US dollar 1168 still remains the potential Strategically important level for gold and I'll probably also lay around there similar to what other commodity products have done once it picks a level With a huge lot of clear direction from the US as to what's happening with interest rates It's probably not when I do a huge amount now either So finishing up with euro dollar you can see the euro got smashed yesterday Bearish engulfing pattern back down to one spot 11 and it stopped dead in its tracks today It's not doing a huge amount one spot zero seven eighty six as an ex potential support level to be aware of So it's just knocked out a whole month worth of gains in one day So that's kind of interesting and if we look at GBP USD sterling had a bad day yesterday as well But not as bad as a euro. It was a lot more positive actually the sterling was trading much higher But they got pushed right back down all the way to the end and now we're trading below one spot 54 24 And now the next potential support is all the way down at one spot 51 eighty five So that gives an idea of what to expect on the major markets and Microeconomic data wise we do have German PMI and Eurozone PMI to finish up the week That's obviously quite early in the morning Over the weekend. We don't have any Chinese data always check the weekend for Chinese data Because sometimes it can trip people up and then on Monday. You've got German IFO business expectations index Which isn't really that major but it is for the Eurozone but not for many other traders Tuesday brings us UK GDP and US durable goods. And of course, you've got the CCI data Wednesday retail sales for Germany consumer conference for Germany. And of course, you've got the FOMC That's gonna be a big one on the 28th of October. Don't miss that one. That's gonna be big So guys as ever keep your eyes on the chart for them I can see we've got a client and actually this is Jasper posting a whole host of very very useful analysis for you to take advantage of Make sure you make insights part of your late going forward lots of really interesting updates from our global team As to what's hitting the markets today and join me again on Monday to find out what happened next