 Hi, good morning, and welcome to the day's products and focus and most of the markets are still reacting to Janet Yellen's update there In regards to US interest rates So the dollar is still just ever slightly grinding lower Well as global equity markets are for the second day moving in the right direction and as you'll see when we have a look at the US 30 is getting relatively close to some decent highs now and There's still lots of question marks in the market about how much gas is left in tank to get us up over there But certainly you know all the other major world governments are working to try and prop up their economies using a variety of different measures, so Everybody's all trying to work to try and get these global equity markets a little bit higher So sometimes it's almost work in their favor, but that gives you a better idea of what to expect We are hearing that there is a big capital inflows back into commodity ETFs as commodity prices are kind of recovering And some of the mining stocks are able to account some gains They've gone through about seven straight quarters of declines So it'd be quite interesting for for equities if we do see that bit more capital inflow into commodities Maybe it might push some of the commodity Related stocks higher mining oil and gas for example, and that could be your catalyst there to get that extra growth there I think margins are still getting squeezed quite hard But nevertheless that gives you an idea of what to expect Bill Groves Who's quite quite a famous quite famous trader and analysts have probably seen quite a lot on TV He's been talking a lot about the fact that the global equity markets really need to show some decent gains He's looking for about four or five percent or we're going to be in some some trouble He thinks and extra news coming out of Japan that not because they've got their value added tax coming in next year They're looking to have the biggest fiscal budget That they've had in over a decade if not longer and they're also talking about doing additional stimulus measures So check out the dollar yen. So that gives you a flavor off the current fundamentals that are out in the market Let's have a look at things from a technical perspective So as ever starting off with the US 30 You can see the the turnaround we had on on Tuesday following Yellen's comments decent gains yesterday off the session highs Still closing positive territory It's struggling this morning a little bit to go back into positive But it's just ever so slightly down seems to clients are still very very bearish on this potential resistance at 79 79 83 percent of seems to markets clients are currently short Moving on to the UK 100 you can see the decent Gain that we had yesterday still failing to break above the tips of these candles again a little bit negative this morning But not too much 69 percent of seems to markets clients are currently short Moving on to Japan 225 you can see the the news of the fiscal budget has not been helping the Japan 225 Is slightly reversed reversed course had a negative day yesterday another negative day today breaking through 16 896 Could become could become up to potential support at the 55 period SMA and if we break through that you're looking at 16 384 Moving quickly on to dollar yen and you can see dollar yen still drifting that little bit lower Even though the dollar is weakening We have obviously had some some some yen negative stories coming out about the fiscal policy and Stimulus so it's kind of stalling and it's moved lower at the moment But you still have 111 spot 61 has been support 56 percent of seems to clients are currently long Moving on to West Texas crude and it careers smashed through 37 59 Back through that 21 period SMA and you could be looking at 35 dollars 13 cents It'd be the next potential support level should that continue kind of an ugly candle to have yesterday Was massively in positive territory and got pushed back down 55 percent of seems marks clients are currently Short gold is flip-flopping all over the place as ever So I had that real decent gain there on Tuesday following yon's comments pretty much a complete reversal yesterday And now do nothing this morning Could be some sort of head and shoulders formation You could have a shoulder neck and maybe the other shoulder forming and if we ever do get a break Bolo 1191 and then you could be looking at 1131 has been that next potential support Otherwise you're looking for a break above these highs here to break that potential head and shoulders formation Moving on to euro dollar and you can see the the euro still managed to make some gains. However, it closed Pretty much round about the tips these historical of the candles We are maybe making series of higher highs it has broke obviously broke above here But didn't quite reach the highs of this one almost so goodness to see if it continues on 71% of CBC clients are currently short and moving on to GBP USD So the important data coming out today. You got GDP figures coming out for exit conversations still in play Jobs numbers and there's obviously the steel industry in the UK's and the news a lot at the moment because of the closure of some major facilities But wonder if that's actually transfer into the data Maybe a little money hen shoulders formation appearing here, but obviously necklines all the way down here But nearly to say a failure to break above the highs here might be sending some warning signals Almost I got a golden cross there the moving averages Like if you have an idea of what to expect. So let's have a quick look at some of the The market calendar data. What is still to come? So you got GDP today? They are expecting point five in the quarter to quarter 1.9 year on year you do have CPF of the eurozone and employment claims with close employment data for Germany And then of course you got non farm payrolls tomorrow Exciting times so ADP came in at 200,000 jobs pretty much as expected loads of PMI data house pricing data from From nationwide as well, but it's non farm payrolls That is the big one and then you've round up Friday there with the University of Michigan sentiments Herbie and PMI Well guys, that's it for me very good up your trading and join me again tomorrow to find out what happened next. Thank you very much and goodbye