 Hi there and welcome to today's products and focus actually been quite a lot happening overnight not so much in American markets But over in Europe and Europe over in Asia as well So US markets can flat volatile session and slight hammer formation in the candlesticks right here Nevertheless potential resistance still remains at 1640 one potential support remains at 16178 If we then have a quick look at the UK 100 The UK 100 has Moved slightly higher. We're trading above potential support at 6581 the next potential resistance is at 6666 Why I really actually want to show you is going to be the Germany 30 now over in the euro zone Of course of which the UK 100 is part of but we don't adopt the euro They're talking about this EBC a ECB rate cut and they've mentioned this quite a few times before previously But now there seems to be a little bit more credibility that this is actually going to go ahead and happen and As you can actually see now, and we'll be looking at your dollar in a minute Which is which are completely reversed and selling off quite strongly this morning You can see the US 30 there is at the Germany 30. Sorry. It's trading above 94 25 the next potential Resistance is all the way at 97 89 and this has had quite quite strong Move upwards over since mid-March really and on your day charts. The Germany 30 is Rallying strong strongly this morning. So people are certainly taking it quite seriously I've ever looked at Japan 2 to 5 for quick seconds and you'll be able to see there that it's also moving quite nicely But if I look at one of my other screens right now, I can see actually dollar yen is kind of sideways right now And we're seeing this shot on the arm and the reason for this is because over in China There are rumors that there is going to be monetary Stimulus over in that side of the world. So we're actually seeing a lot of the Asian indices such as the Hong Kong 43 to China E-50 And obviously Japan to do five has a lot of trade agreements with China as well And we're seeing that big move to the upside. However, you'll notice that 21 pure to SMA is still acting as a kind of a block But we'll see if it manages to break above their later on today And if I look at dollar yen just for a second, you'll notice there that we are kind of Drifting lower. It's been a sideways market since about mid-March incidentally And we're not really getting a huge amount of a huge amount of movement over the last couple days It's been kind of unexciting to be honest. So yesterday. We did bounce off that potential support at one-on-one spot 80 But looks like we are getting this this period of drift So it looks like one-on-one spot 80 is going to be relatively strategic in the short term for dollar yen So if we have a quick look at crude oil west Texas, which has had a good couple of sessions But it's now going it always to say is now going a bit flat on the internet charts mother screen I can see it's it's in positive territory, but for the last Alaska lovers is it's been kind of sideways, but looks like we're gonna have a re-challenge of the potential resistance at 103 That may act as resistance that could be a potential breakout opportunity Depends on where you think the US dollar is gonna go and where you think crude oil is gonna go But certainly the last couple sessions have been quite strong there. So 103 is the level to watch Gold continues its descent as that stronger US dollar and kind of risk risk on as Taking away the spark from gold a little bit. This has been a very staunch sell-off actually That's actually even good surprise me by how far it's actually come off But we are trading below the 55 period SME We are trading below the potential support at 1295 the next potential support is that 1267 Now we have had a bit of a bounce this morning But looks to be potentially capped by that broken support now expected to act as potential resistance. So 1295 We're just ever so slightly above it right now. This is the level for gold traders to have a look at today You'll see the technical indicators are mostly that's just crossing the zero line. That's not yet oversold That's just about to become oversold. But there isn't any reversal signals as of yet Just early warning alarms so to speak that there could be a bit of a bounce, but 1295 as a level to watch So your dollar, let's have a look at this because it's coming off more aggressively this morning Since about 3 a.m. This morning as a ECB rate cut rumors swirl across the market But we are at the potential support at one spot 3709 the next which is also the 55 period SMA and we are now looking at the next potential support that breaks and close below there The next potential support is at 3645 any rebound next potential resistance at 37 72 Technical indicators are all neutral indicating that there could be extra room for maneuver if the sell-off continues Okay, so that gives you a bit of an idea of what's happening with your dollar. So cable is looking okay I can see in today. It's been a bit sideways Looks quite different from your dollar incidentally We are capped look seemingly capped by this potentially capped this 21 period SMA If we do continue to see an increase in the GDP The next potential resistance is at 6744 and reversal next potential support is at 6519 So looking at the economic calendar, but you do have UK GDP today So that's going to be quite interesting for UK 100 and cable traders Then you do have a consumer conference for the eurozone at 10 a.m. UK time Obviously if you're a DAX trader or a euro dollar trader people will be looking at this today This figure coming out We'll kind of have a key to add or remove fuel from the argument for the ECB rate cut So it depends how it comes in its forecast at minus 0.9 And the previous was at minus 12.7. So if you're interesting matter of fact I'm going to set my alarm on there and guys you should do do that today as well it's probably the biggest bit of fundamental data due out today and You can see that later on in the US 155 there is the sentiment index Reuters University of Michigan consumer sentiment survey This is a red impact probably worth you having a look at the fact of the matter is that Reuters actually give this to Reuters customers five minutes before it comes comes out So a lot of the market movement will already have happened by the time this comes out So we'll have to wait and see how that pans out. Keep your eye on the chart for them I can see a couple of CMC market clients are actually posting some analysis on there Which is great and make sure you make insights part of your layout going forward and join me again on Monday to find out What happened next