 Hi, good morning and welcome to today's products and focus So I guess the big news that came out this morning is the fact that China's GDP came in at 6.9% actually slightly better than forecast, but it's still the lowest figure that has come out as since the start of the credit crunch Kind of bringing additional kind of debate to the market to discuss if China needs to cut rates and Initiate new monetary stimulus to help prop up the economy now What we've seen throughout some markets there falling on from Friday with the US actually having a positive bit of momentum right there We've seen a slight dip this morning But if China does in fact cut rates or does embark on monetary stimulus that will help Kind of propel their stocks up a little bit higher will obviously help the import export aspect between China and the rest of The world as well So it might have a good knock on the effect in other regions Probably the likes of Germany would do quite well because they're strong trade partnerships on the US as well So nevertheless one between two ranges for the US 30 with 17,034 still being a potential support With 17361 being the potential resistance and you can notice there the two moving averages are getting quite close to crossing over This is going to be a golden cross if it happens the other technicals are maybe they're maybe perhaps slightly overbought Especially the solsticek which is just a better crossover But the signal to sell is not until it breaks through the 80% level So it could be still a little bit of momentum in the US markets. Yeah, so moving on to the UK 100 We had a great Thursday didn't do much from Friday We've actually gapped a little bit lower this morning similar kind of set up to the to the US 30 We're overbought on the solsticek They are a size neutral and the Mac the histogram is slowly lowering down We might get a negative cross at some point and now we might have a series of lower highs So the UK 100 not looking as friendly as the US 30 with Maybe 63 hundred being the potential support level to watch out for with 6415 being the potential resistance So they're moving on to Japan 225 that started the week in negative territory failing to break through 18306 other technicals are relatively neutral sands the Solsticek which is crossing over the 8% level just now So that is from a technical perspective slightly more bearish than the other two markets We just looked at we might be slightly protected by support of the 21 period SMA And we're a fair bit away from that 55 period SMA as well So then moving on to Japan 225 on Thursday the dollar yen managed to smash right through 119 And actually hit just at 118 spot 06 So almost breaking through 118 only to reverse quite strongly there in Thursday having a decent day again The dollar began to have a bit of a relief rally after coming off so much And now we're kind of stuck in the middle of two ranges again with 1976 being a short-term potential support resistance rate and 119 still being that potential support to look out for Now we've tried to break up higher already this morning, but we pushed right bad time So moving on to West Texas crude next which isn't really doing a huge amount with 45 85 being the potential Support all of the technicals are incredibly neutral. There's not really much happening on this today Moving on to gold is coming up closer to a more significant potential support one Sorry, 1168 was a broken resistance now expected to reverse and become potential support the 1205 Being the longer-term potential resistance now. We've had three days of Kind of lessening Momentum so it's negative days doji formation there on Thursday came off again on Friday down lower again today There's many traders looking at 1168 as an interesting level finishing up with GBP USD and Cable your dollar failed to break through one spot 1475 on Wednesday and Thursday moved lower on Friday I wasn't doing a huge amount today, but they were looking at the other at the other technicals There's still a little bit of room for upwards momentum. We're coming up quite close to the 21 period Yes, I may being potentially An interesting level of support for some traders, but one spot 1475 is still the level to watch out for and we still Keep an eye on GBP USD very volatile askable sessions. It's made a series of lower highs If I get my drawing tonight here for a second and have a look at the trend line If we just join the dots right here might give us a flavor. This might be a sloping resistance level for us to be aware of We've got a high a lower high and a lower high We could really do the cable breaking up through one spot at 56 Which is not looking likely to do today But one spot 54 24 is a potential support level and it's still very much in play this morning So that should be quite interesting So as I said, we had a whole bunch of data come out from from China some better than others Not a lot else to come out today and then fast-forwarding on to Tuesday. We've got German PPI Not anything else really that exciting till Wednesday UK public finances and in the patrolling report And then we have to go into Thursday. We've got UK retail sales You've got the ECB interest rate announcement US employment claims consumer Confidence from Europe and existing home sales from the US so Thursday has a lot more exciting macro data to come out And then Friday you've got German PMI and Eurozone PMI as well to finish off the week So as ever guys keep you on the chart forum make insights part of your leg going forward and join me again tomorrow to find out what happened next