 Hi, good morning and welcome to today's products and focus. So what we've actually seen kind of overnight It's in the equity markets apart from the UK 100 are pretty much flat across the board We're as commodities have sold us strongly and the US dollar is broadly rallying across the board and That's one of the reasons why the UK 100 has come off so much because it's got such commodity focus You actually have West Texas crude trading below 40 dollars as we speak So this is where we are with the US 30 just above potential resistance 177 47 now potentially acting as support longer-term potential resistance a 18,000 112 fall by 18 to 84 trading above both moving averages Almost have a bullish crossover on the MACD and the other technicals are relatively neutral Looking at that you came in hundred you can see the negative candle that you had there on Friday Was positive got pushed into the red towards in the session more read this morning 6300 is the potential support level to have a look at now We do almost have a bullish crossover on the MACD. It's not happened as of yet. The other technicals are neutral We are trading below that 21 period SMA 55 period SMA could act as a potential short-term cap But that's where we are UK market looking vulnerable should the commodity sell off Continue look in Japan to do five prospect monetary easing cause this to gap up this morning It's a negative territory from the start of its opening price to now Still higher than its close on Friday 20,087 has been the potential resistance level and it's slowly creaking and grinding up higher and should re-challenge that soon Looking then at dollar yen The dollar had a bit of a jump back this morning after selling off a little bit more after the FOM FOMC sessions on Thursday Long-term potential resistance remains 124 Looking at the other equity markets cables getting hit hard your dollars moving lower So dollar yen could be well positioned for a move to the upside Should the macroeconomic picture continue and we are seeing a prospect of Quantitative easing in the Eurozone so diverging policy aspects between the US and the Eurozone Makes Euro dollar kind of interesting, but we'll come back to that in a second moving over to West Texas crude You can just see the technical picture and where this is going right now 37 spot 50s and next potential support very ugly candle on Friday usually a strong psychological signal off a reversal He tried to go higher was in positive territory got pushed all the way back down Even below its opening price into negative territory and that's followed through with more pressure this morning So that's where we are with West Texas gold is probably not loving the dream either now on the wrong side of 1072 the next potential support is round about 1050 so we'll see where we get from there Moving on to your dollar you can see we're just slowly grinding lower one of the lowest levels We've seen since April this year with one spot zero five twenty four being the next potential support level there We'll come back to that when we look at the Mac with data events today The cable has had a really bad day on Friday Very strong bearish engulfing pattern on the Friday Folds through by another negative candle this morning. We're actually trading at the bottom of the range for GBP USD And the next potential support is at one spot 50 27 So my code data wise what do we have today? We've got PMI for Germany PMI for the Eurozone And existing home sales, you know inflation-related data for the eurozone is pretty much redundant at the point We're we're looking at monetary easing potentially to support the eurozone economy, especially with all the new anti-terror legislation they're ramping up new hiring new technology The European Union is going to be spending a lot of money on surveillance and kind of terrorism So I would expect it to be potentially a strong argument for further months for easing sooner rather than later Tuesday brings GDP for Germany IFO business expectations for Germany GDP for the US and then CCI for the US again Then Wednesday, you've got house prices for the UK durable goods orders and employment data for the US and crude oil Inventories, which will be interesting for crude oil It's getting quite close to thirty seven dollars now. It's quite impressive Right guys that gives you a bit of an idea of what to expect today in the backdrop of what's happening in Europe And the prospect of higher interest rates in the US keep around the chart forum Make insights part of your layer going forward and join me again tomorrow to find out what happened next