 Hi, good morning and welcome to today's products and focus so most global equit markets are down a little bit lower today as Everybody's pretty much talking about the Greek default on debt, which is very much on the On the horizon should things not get worked out They basically got till the end of this weekend It's a final opportunity for them to all meet up and they've got that final payment to make to the IMF for 1.2 billion euros on the 30th of June and everybody's kind of playing horrible now And it's gonna go straight down to the wire so as such most global equit markets struggling a little bit It's nice to get your head above water with 17 747 being a potential support level Almost got a death cross and moving averages next potential support is at 17 5 61 Other technicals are relatively neutral indicating this still has room further to go lower Bear in mind. We are still historically at relatively near historic highs You can 100 looks ugly and since it broke the potential trend line It's now broken through multiple levels of potential support with 66 86 being the next potential level then 65 89 other technicals are neutral Getting quite close to being oversold but not quite yet and just the candles that we're seeing just now There is a lot of damage pressure still come in this potential way and we've got the FOMC meeting starts today culminates tomorrow and I think a lot of people are obviously thinking well, let's see what US interest rate impact could have on global growth I think many commentators actually think that the FOMC session will be relatively dovish So that's why we're not seeing huge moves in the US dollar and when we look at cable your dollar, etc And you'll see dollar weakness across the board there, but Japan to do five Not a huge amount still in between two ranges 20,087 to 20,860 is next potential resistance And we are hugging this potential trend line just now as well We're below the 21 period SMA and that 55 period SMA is catching up pretty quickly And as ever the other technicals are not giving a lot of technical signals. So moving on to dollar yen Longly long like a candles, but kind of doji formations last three sessions Thursday's candles quite telling seems to be struggling to get above 124 42 21 period SMA is providing short-term support And the other technicals are not doing huge amount either Should we break below that 121 87 is the next potential support and The Bank of Japan governor Corotas come out and said that his comments from last week talking about that yen is already too weak We're taking out a context and that's You know kind of given dollar yen a little bit more support relative to the other FX pairs Which we'll come back to in a second So the big tropical storm out in Texas is closed as shutting down some oil production facilities over there Some refined reproduction facilities there So we are seeing Not the markets did come off a little bit yesterday not a huge amount still had a negative day But we're just ever so slightly taken up There's all about higher off the session those as that storm started to kick in $59.50 is still the potential pivot level and an important potential support for Traders to be aware of looking at gold Gold is interesting especially with the FOMC and just look for me to see the dopamine moves in the dollar Be so very surprised if the FOMC were incredibly dovish but the inside track for many analysts everybody's all talking down the dollar and What the statement will be like at 7 p.m. Tomorrow, and you'll actually be able to see that and that's UK time And what we'll be able to see is we actually have a webinar at 7 7 p.m. Which you guys can join can join in If you just go to support and then live trader events on the platform here You'll be able to sign up to that session as well. You might even see it on your log on screen So that should be a very interesting session. So the finish up with your dollar and GP USD So your dollar pushing up a little bit higher short-term potential resistance one spot 1370 ish and Obviously long-term potential support one spot 1940 to a one spot 1642. We're a good bit away from there just now We're just trying to get out of this kind of it could be a symmetrical triangle formation We could do with getting a break above the tips of these candles Which is then lead on to here, which then ultimately would lead on to here It was quite interesting that the euro is it's not getting that much of a pummeling considering everything that's been said about grease right now, and I think that's telling more so about the strength of the U.S. Dollar rather than strength of the euro, but it's it's kind of holding fast and not Being being billied around with all this fundamental data about grease. So we finish it up with GBP USD It's just been going great guns last couple sessions Each time it sells off it's been getting pushed back up. So sterling looking pretty strong Breaking through one spot 56. So it's a technical breakout looking at one spot 5743 is next potential Resistance, we've got a bullish crossover in the MACD and if you look at the RSI and so stochastic We have a fair bit to go before we get into overbought territory So GBP USD actually looking pretty bullish and the yeah in the short time So that looks that does look very very interesting. So economic data wise We do have a whole host of a UK-centric data loads of CPI PPI An RPI data all due at 9 30 UK time and then we got the ZDW business report, which is a big German piece of data That's obviously impact your dollar and the UK data is going to be good for you came in 100 in GBP USD Wednesday We got the FOMC Statement at 7 p.m. UK time Bank of England NPC minutes employment data and the whole host of CPI Inflation data from the Eurozone as well. And of course oil inventory data 130 S or at 330 UK time So as ever guys keep your eye on the chart form lots of cool bits of analysis here for Michael Houston He's been looking at Germany 30 Euro 50 UK 100 T-Bonds a Lot of major effects Make sure you keep your eyes on insights for the inside track from our global analyst team as to the impact of Greece on Global economic markets and join me again tomorrow to find out what happened next