 Hi guys, good morning, and welcome to today's products and focus well last night We had the FOMC and they came out with some very interesting rhetoric last night Let me just explain exactly what has gone on there But first of all you can see that the US 30 has accelerated away from the potential support at 16 738 The SPAX 500 made a fresh all-time high and most global markets are up today and the dollar has reversed course So let me explain what this is So Janet Yellen last night basically came out with the statement Which was that interest rates in the US were expected to rise faster than expected but not in 2014 They're going to start in 2015 and they're going to rise by more than what was what was going to be Forecast so you think about right away. Okay, that's a that's a little bit punchy We have seen the economy in the US do particularly well But what's really kind of turned things around in regards to equity market spiking in the US dollar tanking is the fact It's the mention last night that longer term Interest rates are going to be lower than what was originally expected So we'll just have to wait and see how things hang out there But the effects and the FX markets have been absolutely huge So as you can see there next potential resistance will remain at 16 9 8 2 So if we look at the UK 100 as you be able to see there a real strong move to the upside there coming up to this potential Neckline broken support now may be potentially acting as resistance and we've also got that 21 period SMA as well Next potential resistance is at 68 74 if this kind of upward trend line there is broken Technic indicators are still relatively neutral almost got a crossover on the MACD But at least we're making some decent heavily the Germany 30 is trading it actually above 10,000 Which is pretty bullish and the trends and most other equity markets doing very well Japan 2 to 5 absolutely smashed it last night Even though the yen as you take the initiative from the US dollar this outperform most other Asian markets So very strong move to the upside very good So very sensitive to US interest rates there longer term so shorter term Maybe a little bit of pain to slow things down a little bit by increasing those rates a little bit faster But over the much longer term that rate is going to be a bit lower than what's going to be forecast So they've actually done things pretty well to support the global economy right now So next potential resistance is at 15 828 so looking at dollar. Yeah The dollar is basically lost ground against everything apart from the euro from what I can see so far today But you can see this this move to the downside here. This isn't that necessarily yen strength. It's just dollar weakness and Quite a strong reversal candle right here next potential support is that one-on-one spot 35 We're good for dollar yen to take in that to pick a direction Though there are some commentators believing that the dollar has now had its kind of signal of what direction it's going to go that this weakness is going to Kind of start to be priced and obviously do have that shorter term higher rates than what was expected But longer term lower rates as they ordered the day so cruel was Texas even though the we had this oil refinery and and Iraq taken over by well potentially taken over we still really know exactly what's happening on there Which is about a quarter of the whole oil production for the whole of the of the country? Crudolph's kind of a little bit of a holding pattern right now after coming off last couple of sessions It looks like it's slowly been creeping up this morning But after four down days and lower highs each time From a pure technical analysis standpoint that opens up potential support at 105 As being the next potential level if we do begin to see a deterioration of things over there in Iraq Then 110 obviously could be in play so looking at gold so gold's been shooting up this morning Kind of a verse course away It looked like we had some bites of profit taking there on the Monday and Tuesday And then I moved to the upside right here And interestingly this this downtrend line that I had when we had the symmetrical triangle formation might be acting as a short-term potential resistance though the real potential resistance is at 1295 so with a weaker US dollar that should help support gold In the short term as well. So your dollar, you know, it's been moving to the to the right direction On the back of yesterday's FOMC statement Short-term potential resistance is at one spot 3645 So we are seeing it. We are actually seeing a decent move breaking about that 21 period SMA So one spot 3645 will be what to look at though as cable that is continuing to go great guns And they're trading above one spot 78 at the moment That longer term five and a half year resistance remains at one spot 7048 That's the level to look at especially if it breaks and closes above it and you know The UK economy is doing well keep your eye on any UK specific data. And in fact make sure today's 19th You do have retail sales people will be looking at this at 9 30 UK time We've got US jobless claims and the Philly Fed business outlook survey at 3 o'clock Not much else to report there, but there could be some stuff some interesting stuff there If you're looking at cable these all these updates here will be of interest we go on to Friday and We've got more UK data, which again will be good for cable public sector net borrowing and That pretty much gives us an idea of what's happening So keep your eye on the chart form as ever make insights part of your layout and I'm actually in tomorrow. So join me again on Monday to find out what happened next