 Hi, good morning and welcome to today's products and focus so most global equity markets are still just trying to grind out a little bit Higher following a potential week deal on the cards yesterday More news out later on the session about potential interest rate hikes in the US one in September and one in December from one of the Fed members Came out obviously is not the only one that makes a decision, but that caused some big moves in the US dollar But also kind of Restricted US they're even pushing up too much higher US Nasdaq hit an all-time high last night as well But it's mainly the European Boris's and Asian Boris's that continued to do very well with the Japan to 25 actually hitting 18 year highs overnight And also most Chinese stock markets also recovering quite strongly later on in the session so we're trading above potential resistance slash support at 11 not 112 with 18 2084 being the Long-term potential resistance level to be aware of but certainly 11 spot 12 18 112 seems to be an important level in the short term for as long as it stays above there We should be okay. So moving on to the UK 100 a couple of good sessions there We are she already kind of getting the kind of a doji formation beginning to materialize We're unable to stay above that 21 period SMA We got pushed down last night and we tried to break through it and it's happened again This morning on the interday charts is mainly kind of consolidating around here to be fair that seem to be like a Short-term spike this morning on the on the interday charts It's been quite flat a very quick spike and then strike the straight back down again So we'll see that continues on throughout the session, but the 21 period SMA looks to be relatively significant And we also the tip of this candle over here that we had on the 11th could be acting in a short-term potential resistance at 68 68 Moving on to Japan 225 You will to see that we did to slightly tick above that potential resistance at 2868 and that did hit fresh 18-year highs as we discussed before And with the moves that we see them dollar yen with the US dollar really getting a lot of strength after the Fed member I can't remember exactly which one it was but came out with His thought process behind the next and straight hikes that caused dollar yen to Really get some momentum went all the way up to 124 and change It's not it's not managed to break through there as of yet But again that 21 period SMA looks to be significant in the short term So they're moving on to West Texas crude Even with the US dollar gaining strength actually kind of surprising to see this candle tick up right here But I think it's worth putting a resistance level along the tips of these candles You probably take this one right here to be completely fair, but that's at 6184 We have been kind of stuck in this range for a little while now Well since the start of May really And you would take that 6184 as potential resistance with 56 57 dollars being the potential support That was tips of these candles right here. This is daily intervals and stently and you can see each time It's kind of tried to break through there. We've had these like a hammer-style formations, but We are kind of flattening out as as we get closer to 6184 So goals not been having a great time in the last couple sessions Obviously with interest rates still firmly on the agenda one rate of height this year was kind of already kind of priced in But two, I think it's a little bit more aggressive considering young was kind of saying that the trajectory of future rate hikes it would be much slower than expected to so have another fed member saying oh well No, I we expect one million February and September sorry 50 50 chance in September and again in December That call off traders off-guard and that's what was pushing gold down below 1186 with 1137 still being a longer-term potential support You could be looking at the tip of this candle Maybe we're in about 1163 as the next as the next level and for as long as we're below 1186 People will be having a slightly kind of a negative outlook on gold But we do have US GDP today, which will be another big Kindly watch macro data event that comes in way better than expected That was add extra fuel to the fire that we might actually even get to rate hikes in the US It probably is not going to happen instantly because we're talking about this for such a long period of time But it's just a fear of fact that it might happen That puts a lot of traders on edge. So moving on to your dollar had bad day yesterday Fallen the break of the trend line Discussion now moving beyond the Greek deal and the fact that the eurozone system a completely mess right now Over and above Germany most other countries are kind of struggling right now. So obviously the dollar strength helps a lot as well We've had a little bit rebound this morning Maybe trading between the moving averages again as ever one spot 11 is still the Next major level of support, but we're a hundred points away from there right now And we're miles away from any potential resistance So it probably feels that you might flip flop around here a little bit But that one spot 11 will be level where people will decide which direction they want double yet your door to go next So finishing up with GBP USD. We had a retracement back down to 157.43 These and bounce this morning actually first thing So as you can see there we failed to break 159 We had a retracement it stopped pretty much on one spot 5743 and it's pushed right back up again Just now that towards the top end of this range on an radar. It's actually is spiking a little bit higher this morning I'm already at the top end of that range just now and it's not like there's any UK based data first thing this morning We do have some German data at 9 a.m. We've got the business our survey IFO business expectations We do have a webinar tonight. I believe or If we do have a session you'll the support and the live trader events, but tonight said GDP figure will be Very important for number traders. So do make sure you set your alarms on there Make sure you don't miss it I need to make sure I select the right one as well And you can get all the details from there once you set you reoccurring alert like so you won't have to Be warned of it manually yourself. It'll automatically come back through If you first forward on to Thursday, you can see you've got German consumer confidence And employment data from the US is good another big one. I also should point out if we go back to the day Sorry that we do have crude oil inventories due at 3 30 UK time And that's going to be very interesting if you trade my Texas crew So as I ever keep you on the chart forum make insides probably late going forward and join me again tomorrow to find out what happened next