 Hi, good morning, and welcome to today's products in focus. So we'll be looking at the US there in a second And we just got to talk a little bit about some of the data that's been coming out of the US Yesterday and what's what's due to come out later on today. There's a lot of film And kind of inflation of data that came out of the eurozone that was surprisingly better than what was expected And then last night we also had an industry statement from the World Bank of Australia Which was way more hawkish than what most commentators have thought so you've seen some big moves in the Aussie dollar Over the overnight as well and the euro has strengthened quite strongly as a as a Greek deal looks more likely And the euro bond yields could have shot up yesterday on the back of that news as well So very very interesting markets that we're in right now most global equity markets are a little bit flat to be honest All the actions being on FX Predominantly and come back to that in a second So because this inflation data came in quite a lot better than expected in the eurozone That caused an influx of buying of yields which then also pushed up the value of the euro You combine that together with the hopes strong hopes for your deal. You own has gone Stratospheric yesterday Jumping like way over a hundred points considering how much dollar strengths been in the market The euro has dominated and the US dollar kind of unraveled there was a slightly yesterday So you can see the the kind of the hammer formation that we got here, but we were down much lower And then we've rallied up still down for the day But just above that potential resistance level support level at 18,000. We've had a little bit of a bounce this morning The Germany 30s flat UK 100 is not doing a huge amount But today does carry with it a huge amount of global Macro data from America and the eurozone. So if you're trading FX is a big day today, I think and we'll cover that a little bit Further on throughout the session But ADP ADP private perils is what a lot of people will be looking at later on It's looking at the UK 100 very negative day yesterday actually smashing through that potential Trendline, but most importantly finishing bang on that line. The fact that has been broken the UK 100 was looking pretty ugly yesterday And this break of this trend line is relatively significant very top-heavy Almost a head and shoulders formation kind of forming right here if we if we break some sort of neckline support right here You could be looking at 67 71 Which to be fair the UK 100 most global equity market could do with maybe coming off a little bit more before we Started to have a resumption of any meaningful uptrend because valuations seem to feel quite high considering the economic back backdrop as to what's happening and This this break of this trend line here I think is going to be Significant for a lot of technical traders We've also got a death cross on the moving averages The other technicals are quite neutral with a MACD cross in the zero line But the UK 100 it really needs to stay above 6906 if it's gonna if it's gonna remain at the top end otherwise 67 71 is the next potential support Japan 225 so dollar yen reverse course fair bit yesterday. We're back down below 124 You can see we've got a bearish and gulfing pattern in Japan 225 It's ticked up ever so slightly today looking a bit top-heavy as well There's nothing else really changed here from a technical perspective still looking at 2868 is long-term potential support Dollar strength is not expected to dramatically change Unless the economic data today completely misses all expectations and has been coming in better than expectations the last couple of sessions It's moving on to WM Quite a strong reversal yesterday back below potential support slash resistance 124 42 longer term potential support still 126 130 ish should things get back on track But this isn't a great candle to have at the top of an uptrend to be honest Not quite a full bearish engulfing. I was not birish engulfing pattern at all. In fact, so it's not actually closed It's not completely eclipsed a full price action from the previous session, but it's quite close So moving on to West Texas crude Moving up nicely actually Almost getting to the recent high points at 61 73 is not quite there yet With 59 50 expected to be our potential springboard for move higher That mainly is getting a little bit better shot in the arm because the dollar has reversed course It was a slightly and if you have a look at gold, it's not really going to be doing a huge amount I'm not expect even even with dollar weakness interest rate increases On the bottom the kind of backburner are going to put a lot of gold traders off People aren't want to really build up a huge mass gold position if they're going to be increasing rates sooner rather than later, so Pressure always remains any bit of good news coming at the US is going to continue to hurt gold But it's stayed above 1186 for quite some time now So moving on to your dollar you can just see this huge massive spike up at one spot 11 is Broken resistance now expect to act as support again Temporarily capped but that 21 period SMA you can see the tips of these candles Are indicative of the importance of this level longer term potential resistance one spot 1642 Otherwise another reversal brings back down to one spot 07 86 So finishing up the GBP USD strong reversal again bullish engulfing pattern not necessarily Stunning strength, but the dollars have a little bit reversal one spot 54 24 is the next potential Resistance level and the other technical indicators here are relatively neutral There's in between two moving averages. You got that 55 period SMA here and the 21 period SMA right here So looking at the economic data wise you do have a whole host of inflation data You've got German PMI Eurozone PMI UK PMI Eurozone employment data Eurozone employment sales ADP private payrolls a trade balance and PMI in the US followed by Your crude alarm to raise their own session so lots of incredibly important information here So make sure you don't miss them and if we fast forward on the Thursday, you've got interest rate data Coming from the UK and employment claims from the US, but today's a big day for a lot of effects between cable your dollar So much data due out today as ever keep you on the chart for make insights popular going forward and join me again Tomorrow to find out what happened next