 Hi guys, good morning and welcome to today's products and focus as you'll see that the US 30 is kind of slap bang in the middle of a Range bounced off its 21 period SMA S&E That's also in the back of a very very poor GDP figure that came out from the US yesterday. They're expecting to put minus 2 you came at minus 2.9 Really bad figure really But it looks like there isn't going to be a rate hike anytime soon in the US So there could be a little bit of extra cash trickling into the equity markets Even at these kind of heady highs and people think you know low rates for longer Means there, you know, they've got to try and get that yield from somewhere So there there's a possibility that the equity markets will still be relatively supported even by such a poor figure from the US We are slightly in the positive territory today We were a lot lower yesterday as well instantly but we managed to finish in a positive note 16 9 6 9 remains the potential resistance to look at there the UK 100 is a slightly different story Though it bounced off potential support at 6 7 13 pretty much bang on yesterday managed to make up some of that lost ground but showing a negative candle again today Indicating there is definitely selling pressure per evident just now and we are trading blow both moving averages specifically the 55 period And we are quite close. Well, this is the potential resistance here at 60 77 for that level We'd have to be broken for the kind of selling pressure to kind of come off a little bit Looking at Japan 225 and Japan 25 flat last couple days as has a dollar yen Instantly nothing really too excited and interesting to report right here. The potential resistance still remains round about 15 828 we're miles from there just now potential support is that 14 977 so because we are so away far away from there just now you could be looking at this broken resistance here We're in about 15 208. I could act as potential support if Japan 25 still drifts slightly lower over the next couple of sessions So looking at dollar yen Dolly in slowly grinding down towards 101 spot 35 We are at the bottom tips of these candles right here pretty much does it run about 101 spot 60 But this has been happening in the last couple sessions as well. So slow ground lower Slight bits of yen buying along the way. I can see the yen's actually gained against some other currency pairs as well So that would be the level to look at 101 spot 35 is the next major support potential support So crew I was Texas had other volatile day yesterday. We did have Crew all inventories came out cause a little bit of volatility again looks at one 107 spot 86 Is a potential resistance as once twice three four times just tried tried and failed to break through there So we're still in the middle of the range, but if the fundamental as the fundamentals permit 107 spot 86 could open up to 109 spot 24 If we get a break and close above there, otherwise one of five still remains a potential support to keep your eye on So gold looks like it's finally Managed to I was gonna say is finally managed to shake out shake out its range very volatile day yesterday We did hit the top of the range at 1325. We also hit the bottom of the range at 1307 And we're slightly drifting down as we speak right this second in fact So we're about 1310 could be the neckline not the neckline, but the broken Trendline from the symmetrical triangle formation. We're still trying to get above 1332 or at least challenge it again But we're a little bit away from there just now So this will be the level that will be relatively strategic in the short term for many traders to be looking at now I'll give you a bit of an idea about where we are So looking at your door has actually been doing not so bad in the last couple of sessions And it's actually having a bit of a retest of one spot 3645 That GDP figure yesterday really hurting the US dollar Lost a lot of ground against many currencies As the interest rate hike seemed to be quite distant in 2015 The euro has certainly strengthened as I get to USD if we do break and close above there That's a big level to get above then 3709 is the next potential resistance. I'm finishing up there with GBP USD It's not actually done so well versus the euro I guess the GBP also had that double ban me if just a few days ago When Kearney basically came out and said oh, yeah, by the way rates aren't gonna rise at the end of this year In fact real wages are softer than expected rates will remain lower for longer And that was this was the Thursday when he said oh, no, everything's all looking great And this is the day there when he kind of backtrack completely. So that's probably put 11 GBP USD slightly But one spot is 69 95 as a potential resistance to keep your eye on so economic data wise You got jobless claims people will be looking at that big time today If you're a dollar trader or a cable trader keep your eye on there and we fast forward on to Friday You can see you've got UK GDP Eurozone consumer confidence and you've got the University of Michigan consumer sentiment survey data due and that will run this up for the week Keep your eye on Barclays. It was done about 5% are there on this morning in the back of US Treasury Investigation into their practices. It's already jumped up an extra percent while we've been recording this session But the chart for Barclays makes it look very weak. In fact just to quickly give you a bit of an idea Let's go ahead and have a look at that now You can get a bit of a flavor of how these things are going That's where we currently are and if I finish up actually if I was looking at the client sentiment You can really get a flavor of how the markets are trading US 30s net short Germany 30s net short Spanish 5 net buyers UK 100 net buyers so a real mixed bag Off a client sentiment as well and join me again tomorrow to find out what happened next