 Yeah, hi. Yeah, hi. Good morning and welcome to these products in focus So the US 30 managed to have another record high close last night as long as the SPX 500 though volatile session It was up a lot higher. So spinning top formation just above historical highs 18,284 we're on the right side that potential support at the moment But let's see if that will continue throughout the day jumping then on to the UK 100 again grinding higher long-legged candles or all the way up here indicative of You know directional trades in both directions and what you're actually getting right here is a struggle to break above 7,000 but we'll also go inside to the 21 period SMA and A flat lining MacD the other technical indicators are almost a waste of time at this point this kind of whole formation right here still Would send a little bit of warning signs to people looking at a longer term potential trend Developing because getting very very top-heavy here because you've got the the hammer-frame formation right here But then a stronger verse at the top right here could be almost like a symmetrical triangle formation developing right here So that's something to be aware of in the UK one hundred is not in the same position as the US 30 Japan to do five some decent figures coming out of Japan regards to GDP I actually thought that might actually have a bit of a negative impact Because good news sometimes could be bad news in this instance When you think about stimulus anything else But I think the reality is is the bank Japan really just don't want to use any of the stimulus until they Have to so I think at this stage things are looking a little bit better for Japan valuations are good The economy is moving in the right direction and they still have some aces in the hole still to apply So longer-term potential resistance 20,868 Is in play so I'm look at all you and it's finally smashed through 120 that's probably also not another reason why The Japan to do five doing well the end retreating We've seen a dollar game momentum actually against the other majors as well against sterling dollar and your dollar as well But this is probably the best Push-up that we've seen here for some time getting close to 121 spot 87 Trading above both moving averages and you can see the other RSI is close to getting into overbought territory But not there yet so 121 spot 87 longer-term potential resistance And this is probably the most Kind of exciting last couple of candles we've seen and a trend for dollar yen for some time So moving on to West Texas crude came off quite aggressively yesterday. I think this is again on There's some Chinese some Chinese and Australian demands Aspects there is the dollar increasing and value Which is pressuring commodities ever slightly Breaking below 5950 was a potential support. So that's been broken The next potential support 56 pretty much 56 dollars actually a 57 sorry And we're down out there at the moment looking at intraday. It's Consolidating around that area, but with all these other technic indicators So already so massively overbought and already coming off There will be technical selling pressure in the short term if we do break below 57 look for 54 85 as an next potential support Let's take out sort of gold Getting hurt by the stronger US dollar had a real negative day yesterday Incidentally and it's following again lower this morning. So I think We're all hoping for a bit more of upwards momentum to get this back up towards 1242 That's not materialized. This is a very negative candle to have bearish and gulfing pattern and I fall through today Wouldn't be so good for for the gold bug out there. So keep an eye on this and there are some economic data announcements due but is mainly UK and The crude oil inventory data. So you got the NPC minutes. That'll be interesting for cable And UK 100 but not so good for the US dollar and gold and West Texas crude So looking at your dollar, you can just see the extent of the move right here the extent of the reversal as people are getting worried about the Greeks meeting their debt commitment 5th of June It's when they've got a 1.5 billion Euro payment to make and they say they want a deal, but there's there's gonna play close to the wire as ever So longer turbo one spot 11 is a support. We're below that at the moment Entry day it looks weak. I was looking at a day chart right now And so it's moving lower as we speak out longer term potential sport one spot 0 786 You do have the 55 period SMA might provide shorter term support one spot 0 8 or 0 9 But it's not it's not a nice-looking chart if you're long your dollar as good if you're looking short and Cable managed to retreat up the lows But again a similar type of picture real aggressive switch around now This is obviously has been quite a strong uptrend and the size of the sell-off is probably comparable to the size of that sell-off So as long as one spot 54 24 isn't broken And it looks to be that the 21 period SMA is going to be coinciding with that level as well if cable can cones it can consolidate one spot 54 24 it can try and remount another attempt to break through one spot 56, but It's not looking so good first thing this morning But your dollar dollar certainly looks a lot weaker than cable and we do have the NPC minutes Potentially providing a little bit of support for the sterling later on this morning So as ever keep your eye on the chart form lots of cool stuff from a global analyst team right here Make insights part of your layout be aware of the NPC minutes Of course and the crude all inventories and if I was a fast forward on the Thursday You've got Chinese PMI German PMI euros on PMI all by market you got UK retail sales You got us employment data fully fed data and home sales So Thursday actually has a whole host of economic data So we don't get a lot of opportunity to date and there are things happening in the markets then Keep an eye on the market calendar for tomorrow because there's plenty going on and join me again tomorrow to find out what happened next