 Hi, good morning and welcome to today's products and focus so most global equity markets are pushing on that little bit higher now And you have the Dow Jones above 18,000 for the first time in nine months And even the German Dax is comfortably above 10,000 so most global equity markets stretching on that little bit further from a technical analysis perspective we are seeing technical breakouts on the US markets And we have a whole host of US earnings due later on today including Goldman Sachs a number of other big bellwether Companies so it should be quite an exciting day on the markets itself There is still some macro data to look forward to and we have a look at that an economic calendar when we run through some of those Technicals we have seen the yen Kind of lose momentum as risk appetite has jumped back and the dollar actually has lost a little bit of Momentum as well, which is kind of interesting because as kind of risk on comes on you would have thought that the That might increase the likelihood of an increase in interest rates Especially when the US stock market is very close to actually breaking all-time highs It's not that far away from the levels that we reached last summer before things went a little bit sideways for a period of time So that kind of gives you a kind of a back background as the main core fundamentals We will of course be having a look at crude oil, which has had a quite a strong recovery After the big tumble I had on Monday morning following the doa Lack of agreement that many commentators have been hoping for but now there's a big massive oil strike in Kuwait Which is taking out some of that little sting from the oversupply that is impacting the market So that gives you an idea of what to expect now. Let's go ahead and look at things from a technical perspective So as ever, this is the US 30 This is the all-time highs we talked about in summer of 2015 and as you can see there, we do have a technical breakout So far this morning it managed to just Close a little bit above potential Resistance and that is pushing on that a little bit higher now at 18,000 and 17 seems your clients Don't have a lot of confidence in the rally It would seem with 86 percent of seems you marks clients currently short and they're probably thinking this is an over extension But the fact is we're breaking through potential resistance. It's not my technical breakout And there could be a little bit of momentum there should that fail and the price action dips back below 18,000 You could be looking at potential support right about 17 8 or a 7 Moving on to the UK 100 Very strong turnaround clubs be gap lower on the open And it's gone and pushed up that little bit higher Looks to be trying to push a little bit higher this morning But you can see the tips of these candles here round about 63 73 Could be providing short-term potential resistance But this is a very strong technical signal from a candlestick perspective But 73 percent of seems you marks clients are currently short So again a similar kind of bearish view that this move might be slightly over extended any drift down might reach Potential support at 63 23 failing that you could be looking at the tip of this candle or closer to the 21 period SMA Moving on to Japan 225 and a big turnaround again a gap lower in the morning Only to make up that entire gap all the way back in the positive territory another bullish move this morning But a similar viewpoint that 16 8 96 could be adding I could be acting as potential resistance And you can see the last three days that has been and play 74% of seems you marks clients are currently long So they might be anticipating that that risk on momentum and the turnaround of the Japanese yen might push Japan to do five slightly higher Moving on to the dollar yen dollar yen had a nice bounce off potential sport one or seven spots 67 in the middle of two ranges right now with 110 be the next potential resistance There's not really much happening on dollar yen until we get closer either to potential resistance with potential support Then having a look at West Texas crude again really strong bounce of potential support at 37 spot 59 We closed the entire gap all the way up. It's followed through a little bit this morning. It's not like being that dramatic I think Brent is above $42 at the moment, but WTI We're getting a little bit closer to potential resistance at 40 spots 79 68% of seems you marks clients are currently short anticipating a move back to the downside And then if we move on to gold gold doesn't get that exciting until we get close to this neckline We've talked about a lot potential head and shoulders formation as time goes on It becomes less and less like a head and shoulders formation mind you But we are bouncing in between this moving average area just now and other technicals are relatively neutral So gold not that exciting at the moment Now finishing up with the euro dollars or your dollars creeping up that little bit higher And that's more a dollar strength dollar weakness. Sorry, and it is inherent euro strength as well and We are just above that tournament period SMA your dollar doesn't get exciting to forget to one spot 14 89 Which could be a little while for that to happen and then finishing up the GBP USD I think there's been a kind of a decent turnaround in the sterling great day Yes, the fantastic fall through today already getting close to the tip of this candle here Which is one spot 43 46 is potential resistance. We could still be in a descending triangle formation We're in the middle of that triangle right now So we need to wait to see if we break above this level or not Then we target one spot 46 34 or if we simply retreat right back down to this potential support at one spot 40 80 finishing up as ever with the market calendar, and I'm just gonna very quickly Go into my filters here. I only really want to see the most important updates I think we've got everything we need there right there Okay done right so you got the ZDW business report. That's a big one for Germany That's gonna impact your dollar and the Germany 30 you got housing starts later on today as well Trade balance data employment data existing home sales, and then those petroleum status updates as ever very important Then Thursday we've got UK retail sales interest rate announcements employment claims and finishing up Thursday there with CCI Well guys that's it for me at the moment Very good up there trading and join me again tomorrow to find out what happened next. Thank you very much and goodbye