 Hi, good morning and welcome to today's products and focus the US there there had a strong rally posting a bullish engulfing pattern and getting close to potential resistance at 178 95 we've had a slight drop back today and most European markets have also Had a little bit of a retreat this morning, but still we are moving in the right direction And some very interesting Kind of results coming from apple last night as they closed above seven hundred dollars a share for the first time Uh, sorry, that's think about this 700 billion market cap I think they're probably trading about a hundred and twenty two dollars a share right now Which we do if you go back to the original Stocks but details there that'd be one thousand two hundred and twenty dollars. So apples had an incredible Run as of late with record sales and everything else that's helped to push up most of the other global equity markets as well So looking at the uk 100 We have another hammer formations We've had two hammer formations, maybe a tweezer bottom potentially happening here close to potential support at 67 71 But again, we've um, we failed to follow through the uk 100 actually Coming off a bit more strongly versus some of the other markets this morning as oil Resumes that slides some of our resource companies firms are feeling the pain a little bit I can see Bruton on a bad day yesterday and it's as down again today So a lot of mining stocks must be struggling So moving then on to japan 225 Dollar yen firmly On the up again. So the dollars began to advance getting us a little bit of momentum as This interest rate hike seems to be more likely to be happening Sooner rather than later, but with the idea that The acceleration of future interest rate hikes might be a lot slower That seems to be what the policy makers and the Fed are the kind of the rhetoric that they're coming out with right now So dollar yen is actually getting close to 120 again. And that's helping to push japan 225 up higher And we still look like we could be targeting the next potential resistance at 18 306 So if you have a look at that dollar yen Position we're going to get a little bit of an acceleration You might have short term potential resistance at 120 spot 80 plus 121 spot 87 that we want to see broken So making challenge 124 There's a bit of an ask for for dollar yen, but it's uh, it's had that acceleration before So we move on to west Texas crude Um We've actually a couple of bad days as the dollar began to gain strength there again This doji formation we had there on monday has been preceded about being followed again by another bearish candle and we're again we're on the back foot this morning almost trading below 50 dollars But obviously we've been much much slower than that But this is getting a little bit ugly if it doesn't turn itself around pretty soon If we break the law of yesterday's candle that might open up a move towards 47 23 on west west Texas crude but today you do have crude oil inventories Make sure you've got your alarm set for that And as mentioned before the last couple of weeks the inventory data has come out much stronger than the estimates Some traders might be positioning themselves for that But certainly they're expecting 3.46 million. Um, the last couple of weeks has come out It's been now almost double that so it'll be interesting to see that figure come out So if you're trading crude oil, that's worth to keep keeping your eye on So looking at gold it's not doing a huge amount But the fundamentals will be firmly stacked against it should the us macro data continue to improve the dollar advances and that interest rate Hight does happen sooner rather than later. You might be looking at 12 1200 and 18 dollars We are trading below the 21 pured sma, but we're coming up close to the 55 Other technicals are neutral heading towards bearish, but they're not quite bearish as of yet Um As no sign of a potential reversal, I should say But I guess closer get to 12 18. These technicals will be into the oversold territory And that's when you want to watch for any potential reversal So, um over in Greece, you had the prime minister over there when uh, full of confidence And his anti-assurity Stance of position Still playing a hard ball out there. I think FX traders are assuming that a last minute deal will be reached with Greece because it There's so much at stake should not so much turmoil turmoil and hassle And not just for Greece, but for the eurozone countries as well could get very very messy at a time And they don't want it one thing's between messy, especially with Ukraine bubbling away in the background Because the euro certainly is not uh, it's not falling off the bed Which you would potentially expect the traders to be getting slightly nervous They're closer and closer we get to the talks between the eurozone leaders and the group prime minister But especially when the us dollar has been advancing across most other FX pairs as well But your dollar is standing relatively solid at one spot 1324 obviously to come out with With the potential deal with with Greece That helps to solidify The stance of the off the euro and you should get a little bit about where's momentum in the back of it Should things continue to deteriorate however and things look Very unlikely that a deal would be reached in time and people keep talking about Greek exit And that actually looks like it could happen That's not the case right now, but that is what what ends up happening And the euro will certainly be under pressure and you could be looking at that 107 86 potential support level And we finish up there with gbp usd Looks to be one spot 51 85 is going to be a nice springboard it bounced up there yesterday It's moving a little bit higher today not with a huge amount of conviction on the on the harts The sterling is is benefiting from a short-term boost first thing this morning So Data wise there's very little to look at today apart from that petroleum report And thursday's when all the action is and we mentioned before cpi and germany industrial production and europe employment data in the us and retail sales Helps round that off on friday a couple of bits and pieces as well But thursday's a big day for the mac with data and that will be very interesting for your dollar traders in particular So as ever keep you on the chart forum for trade setups for from our global analyst team Make insights part of your layout and join me again tomorrow to find out what happened next