 Hi good morning and welcome to these products and focus so looking at the US 30 We've had a fantastic run yesterday smashing up through potential resistance at 18 112 Bullish and gulfing pattern above both moving averages And we've got a bullish crossover there in the MACD and we still show plenty room for maneuver with the RSI and the slow Stochastic right there and the picture is the same right across the board the Germany 30 and UK 100 all up And the US dollar family taking the backseat as it looks like we might just get one industry hike this year not two With most ball and still pricing in not September, but a December hike in the US so moving on to the UK 100 We managed to get that bounce we were down as low as 66 26 earlier on in the session only to reverse course As the American markets began to tick up There was actually rumors towards the end of last last night that a German newspaper reported that there's going to be a debt extension till the end of the year for Greece But as far as I'm aware that's that's not been confirmed in England Merkel and a number of other Partners in the in the euros one have come out and said that's just not the case and that Greece is in fact Just down to the last two weeks be interesting to see that pans out that certainly with global equity market moving higher on the rumor And we have been lower actually in the UK 100 learn about that 66 86 level, but it had a short-term bounce Now the formation of this candles and take it the fact they're still selling pressure right there But it's still very very early on in the session and the UK stock market has not actually officially opened yet So moving on to Japan to do five staying above 20 80s 20,000 and 87 a slight hammer formation Yesterday bouncing off that 55 here at SMA on the right side of 20,000 and 87 just as the Bank of Japan Governor Corruda came out with a upbeat assessment of the Japanese economy Talked up the end a little bit and that's why you're seeing dollar yen We're in about 123 that obviously to quite far away from that 124 and change it hit are there all in the week And that's why you just getting that little bit of positive momentum in Japan to do five Chinese stock market is getting smashed We've done about 3% earlier on this session still very volatile as many traders are the same. Where's the stimulus? massively overvalued hugely impacted by a Huge retail traders audience all leveraged up to the hell it would probably end in tears at some point But people just having complete faith in the Chinese government that they're gonna sort things out And that they won't let things get too bad They just keep buying they'll be kind of interesting to see that pans out They're moving on to dollar yen You can just see the kind of volatility that we've had through this kind of graveyard doji formation We had a Wednesday sell-off again yesterday off the session lows and we're just not really doing a huge amounts of part this morning But 121 87 is the next potential support. They're the technical the relative of the neutral Moving on to West Texas crude with the drop in the dollar crude's not really getting a huge net positive out of this Floating around consolidating around 5950 and this level has been in play for a while Not much else report here to be honest. It's getting a little bit boring on West Texas food Moving on to gold though gold's had a great day Obviously as the news begins to fill it around that yeah, there will be a rate hike this year, but the rate of trajectory of future increases are likely to be scaled back so I Think I think two rate hikes in quick succession were priced in the now They're obviously a little bit more of a gap between those aspects there So that's helping to push gold up I think the upside is really really limited to be fair because they're still gonna raise interest rates at some point But I probably closer closer that we get to 12 18 Now I'll be telling to see if we're gonna get any move forward I think it's already telling today that even though we had an incredibly bullish candle Yes, leave breaking above both moving averages that has failed to deliver So far later on today so Moving on to euro dollar Grinding higher you could argue say this a nice trend Could be a Ascending triangle formation usually a continuation pattern. We're not a million miles away from there right now Let's just go ahead and draw these details on here. That could be what we're what we're seeing and We're gonna get a break of one fourteen sixty six or break below this trend line and retarget once white lemon And the great news about a symmetrical trying about an ace in the triangle formation It's break one direction over the other so one spot fourteen sixty six if that's broken it opens up one spot sixteen forty two and Certainly the euro's not being slowed down while this talk of grease defaulting on debt etc. Etc. So looking good one thing that's still looking good, but maybe it's actually flatlining looking at the daily intervals as cable So I think interest is switch now from the US to the UK if you're trading FX About the next future rate hike because a lot of macro data coming at the US coming at the UK Sorry, it's a fairly positive this massive game. We've seen right here Have a look at your mortgage interest rates because I'm sure if you were shopping around for a deal right now They're probably a little more expensive than they would have been theirs this last week. So One spot 59 has been touched that she poked his head above there last night 162 65 his next potential support and Basically as long as the UK data continues to come in strong and the economy seems to be chugging along relatively Okay, not stellar mind you, but still okay I think you'll hear more interest rate talk and chatter over the next couple weeks and months and Certainly people aren't expecting anything before the US raises rates, but I think it's interesting that you've had this massive increase in the value of the sterling against huge massive occurrences and Cables for a lot of people be looking right now because it because of the strength of that trend So I come at day wise you've got UK public finances That's obviously gonna be good if you're trading a cable not really that exciting head on to Monday You've got Eurozone CPI and existing home sales in the US and in Tuesday. You've got a whole host of PMI data for market Where you've got Chinese data German Eurozone and durable goods and that is obviously going to be quite an important one for your dollar and cable as well There's a big factor and how the US economy will be doing so as ever Gonna keep you on the chart form make insights part of your later going forward and join me again on Monday to find out what happened next