 Hi, good morning, and welcome to today's products and focus most global equity markets had a little bit of a down day yesterday following on from the Fed with the US 30 actually is trading above potential Support round about 18,000. So it's still just kicking around that 21 pureed SMA We've almost got a bullish cross and a MACD. Whereas the other technicals are relatively neutral just now So we've pretty much seen the dollar retrace all the losses that had made following the Fed statement With cable and euro dollar and dollar yen and your yen in fact pretty much bang on exactly the same level As they were on on Thursday night. So quite an interesting turn of events right there seeing in front page of the Financial Times just now That a large number is the big gulf between what the markets believe the Fed is doing what the Fed ends up actually doing so there's Obviously a little bit of miscommunication going on there But nonetheless most global equity markets are drifting a little bit this morning The UK 100 is very close to breaking at an all-time high again, but we'll come back to that in a second So not really much to kind of do in the US there I think the UK 100 probably for more of the action is going to be so looking at this rally that has had comfortably we are and I've broken above 6964 we are a stone's throw away from breaking 7,000 Normally when you see a big technical breakup a psychological number like 7,000 That is a quite a big psychological level to to be breached and a lot of clients now will immediately start short the U.S 30 the UK 100 because it's at an all-time ever high But there's obviously a lot of reasons why is that an all-time high? So just do consider that before deciding what you're doing so 7,000 probably going to be broken at some point today So looking at Japan 2 to 5 it continues to go from strength to strength It's not quite halfway, but almost halfway We've always talked about this a lot before if there is any small sell-off in this market I'm bringing my adult yen is already beginning to move back up towards 120. It's almost 121 again If there is any sort of retracement around about 19,098 would be the potential support level that with broken resistance now expect to act as support The technicals are massively all overbought, but this has been driven by the yen movements that we've seen and The pension from buying that the Japanese government are doing over there So Japan 2 to 5 looking to be very interesting Especially if you spread betting rather using CFD's because it's all in pounds per point You don't have to worry about that yen exposure that you would do with CFD's So moving on to Dolly Em Dolly Em obviously very very volatile not quite reach 121.87 Well when we look at cable in your dollar you'll get a chance to see that in a bit more a clearer detail But nevertheless decent day yesterday not absolutely stellar, but still reversed its losses It's in positive territory only just today 121.87 still long-term potential resistance has not managed to break that properly for quite some time So crude oil still bouncing around about potential support 43.29 You know a big big lot of crude from last oil inventories use out of Saudi Arabia is Production is still going to continue unabated dollar rising again But we are now at six year lows on crude oil. So It's going to be quite tough I think to break through 43.29 long-term potential support 35 30 is very very low for West Texas. I think People are really trying to defend that $43 support level And we'll soon see if it manages to hold but the stronger US dollar gets the hard to crude oil will Have to hold on obviously if people are begin to talk about resurgent interest rates again And it probably will never happen at this rate. They'll keep talking about it and we'll never end up happening People will be worried about global demand aspects and that will also have pressure on to crude So looking at gold gold. Obviously had a great day there on Thursday On Wednesday sorry decent day on Thursday very volatile session again looking at this candle formation spinning top showing diverging opinions right there and Today's candle where we're pretty much flat for the day looking at all the interday charts It's doing very very little We are accelerating close to turning on pureed SMA Slow to stochastic and the RSI and the MACD are all posting bullish signals So if we do get a real mixed bag of economic data from the US still that's just going to delay Interest rate hikes in the US even further 1186 is a potential resistance to keep your eye on and that regard so finishing up with your dollar GBP USD Your dollar is almost back to where it started We're looking at close to 105 We're currently a 106 and change So still got a little bit further to go. I was quite negative day yesterday It's not doing a huge amount today But one spot 07 86 is the potential resistance to be aware of there that could be the potential pivot level for Re-challenge of one or two Dependent if you think that the dollar still got steam left in it as I think commentators are slowly coming around to the idea that These are interest rates Probably not even gonna rise this this year even though the market will think it will happen in September It will probably be after that depending who you speak to of course now finishing up with GBP USD You can see that this house pretty much retraced all the way back Shooting straight up shooting straight back down as we had some bank of the member talking about it could be just as much Chance of an interest rate cut as it would be a financial rate rise in the UK dependent on the macroeconomic data And that's really just put sterling on a very shaky footing So we're below one spot for a 13 which is potential resistance and that could be an interesting pivot point as well So looking at my data We've got UK public finances today if I remember correctly not a lot happening on Tuesday Home sales and CPI inflation data from the Eurozone Tuesday brings PMI from China Eurozone Germany UK you got CPI and PPI RPI all inflation data you could possibly ask for very interest rate sensitive should be big for your dollar and cable And you've also even got CPI data as well Due in the US so actually Tuesday is a mammoth day for FX traders because all about inflationary data And that is obviously the thing that's going to impact future rate hikes in the US as well So as ever keep your eye on the chart for make insights perfectly going forward and join me again on Monday to find out what happened next