 Good morning. I'm welcome to today's products and focus looking at the US 30 stage to late recovery Later on in yesterday's session to stop just below 17 546 as most traders are waiting for tonight's FOMC statement And I'm wondering if it's gonna have more of a hawkish or dovish tone regarding the US dollar as more earnings Come out as misses blaming the strong US dollar moving their competitiveness in the global landscape only Apple managing to Shake that kind of negative shadow with record iPhone sales over Christmas with them up five six percent in Postmarket so as you can see there We do have a death cost there on the US 30 which from a technical perspective would normally be quite negative And we do have a flattening MACD indicative of more pressure. And certainly we haven't broken 17 546 yet After coming off really strongly yesterday on the back of a very terrible durable goods Figure which is well well below expectations, but we are off the session loads. It was down about 300 points at one point So there has been a limited bit of recovery, but looking at today's candle already We have been higher and we've been pushed back down. So Certainly bears do seem to be in control first thing this morning So that can all change obviously depending on what happens later on in today's session with the FOMC Which you do at 7 p.m. UK time Of course, it's not the actual rate that people will be looking at is a statement from the Fed and We'll come back to that in a second when we look at FX So the UK 100 actually the opposite opposite signal. They've got a golden cross on the moving averages Technical indicator is actually overbought but not giving a signal to sell very strong Hammer formation following on from yesterday's recovery on the UK 100 very close to challenging all-time highs on UK 100 as growth is Accelerating as fast as in seven years As we're coming up close to 6906 as that as that all-time high And we've got a dose information just now with the UK 100 flattening out as we Just enter into the start of the UK session So that will certainly be one to watch especially if we break to fresh all-time highs in the background of that quantity of easing To you by the ECB as well, which would certainly help Propel the eurozone our biggest partners out there and back into life. So looking at the Japan 225 Decent move to the upside right here breaking above 17496 still eyeing up 18306 with dollar yen quite volatile. It's down one minute up the next I don't think the dollar really knows exactly what's doing, but it should have a better idea after today's session Most technical indicator is quite neutral Mac. These more positive and negative And you know, certainly we are coming close to shorter potential with the shorter term potential resistance just below 18,000 we might get there later on today depending on how the macro data comes out And there is a fair amount of information still to come out Including the crude elementary to come back to that in one second. So looking there at dollar yen Death cross moving averages flattening of the MACD most other technical indicators are neutral Depending how they have that FOMC comes out tonight if they don't really change any rhetoric that would be seen as a dollar positive But there are some commentators I think they might be more of a dover's tone to try and soften the strength of the US dollar It's all about the likely to increase interest rates towards the end of the year rather than summer, which many commentators are Debating right now Especially when you've seen our earnings come in as the as they are slightly disappointing But the formations here on dollar yen is indicative of the fact that this could go lower But all depends on the on the fundamentals, so we should know more by later on tonight So moving on to Crudel West Texas Still looking weak still bouncing around $45 Crude elementary today could be the thing that tips it up or or pings it higher. That's due at 3 30 UK time And there's been some Some big numbers coming out of the inventories the last couple of weeks with much higher than expected figures And they're expecting about 4 million barrels extra in storage. We'll get an idea about that later on today So gold actually had a decent rebound yesterday surprising quite quite a few But unable to break above $1300 so it still seems to be the big pivot on yellow metal. So moving on to your dollar Decent bounce yesterday again. We've not really followed through with it that much this morning Probably not going to be huge amount of activity before the FMC statement tonight That is gonna be Kimmy watch remember that's at 7 p.m. UK time So there'd be many traders are waiting for that statement to come out It's usually a pre-prepared statement. So it will it will come across the news wires live at the same time And there'll be it could be a fair amount of volatility dependent on the language that is that is utilized And if there is more hawkish bullish dollar Retrick on there, you could see a decent move on your dollar and obviously vice versa So moving on to cable cable actually a really good day yesterday in the back of those growth forecasts Bouncing around one spot fifty one eighty five potential resistance has remained in place for what pretty much the whole of 2015 Binnerson see if we can follow through with that a break a break close above that and the 21 period SMA We'd allow to re-challenge one spot 54 24 So we've already talked much about the economic data due out later on today Make sure you've got your alarm set for the FOMC But remember it's not just a decision source of the statement and then fast forward on to tomorrow You've got German unemployment rates, and you've got CPI And American unemployment claims and their housing index data, and let's just finish off a Friday there as well You've got German retail sales Eurozone CPI unemployment data and GDP Coming out of the US so a fair amount of fundamental data to round up the end of the weekend As ever keep your eye on the chart forum make insights part of your leg going forward and join me again tomorrow to find out What the next