 Hi, good morning, and welcome to today's products and focus so most global equity markets have rallied very strongly overnight with the US 30 managing to almost clock up 300 plus points Very strong performance now that the the Fed interest rate hike looks to be dead in 2015 Many other markets are moving up higher in tandem Japan is also ticking up, but we'll talk about that in a little second. So Great session yesterday ending towards the top in the range just before that 55 period SMA and long-term potential resistance remaining at 17,000 and 34. We are slightly retreating first thing this morning, but after yesterday's performance That's not massively surprising So then looking at the UK 100 Because we've seen such a big bounce and commodity prices in short covering We've actually had three or four days of really strong gains You've got gain gain gain and another strong gain. Yes, he's punching up through 62 96 again cap of that 55 period SMA with Let's just say 6,300 now acting as a potential support. It's a broken resistance now expected to at As support with a longer term potential next potential resistance at 64 15 other technicals relatively neutral The mat day is going to cost a zero line and next number of sessions and we'll see how that goes So japan there is a two-day session with the bank of japan Governor corota and a whole number of other Policy makers and rumors are rife that japan is quite close to Starting another round of monetary stimulus, which should be good for stocks But again, we've had four days of gains. We've had a little bit of a reversal first thing this morning trading below potential resistance 18,300 at the trading at the bottom of this range as we speak right now, but you punched up through that trend line resistance Put our heads just above 18306 but then kind of reversed the first thing this morning But I think we might get some more that the thing is monetary stimulus should be actually quite good for equities because it would devalue the yam But it also has a negative connotation Because of the strength of the japanese economy, why do they have to do it? Well in japan really wants to do it, but you never know so moving on to dollar yam You can see that the yen has kind of lost a little bit momentum Obviously the dollar hasn't exactly been getting strength post non-farm perils But with this monetary stimulus potentially coming out for japan that's causing a little bit of extra weakness there And dollar yen is actually just creeping above that 21 period sma But I think the reality is that dollar yen is a little bit boring right now unless you're trading ultra short term So this is a daily interval if we just jump on to say a five minute interval for a second And we can get a chance to look at those that that kind of movement in more detail Well, it's been it's been so tight, but it's been in such a narrow trading range You could probably almost draw a line here Apart from the fact obviously broke through there yesterday and then there's a line at the top area right there So that gives you a bit of an idea of what to expect for a good old dollar yen Let's move on now to um onto west texas crude Let me just minimize that so west texas crude So you have russia as willing to meet other oil producing countries to discuss the market i.e. Maybe cutting back on production, which is causing a bit of short term Upwards momentum for for west texas crude so trading above 45 85 longer term potential resistance still remains at 80 dollars You know 50 dollars my mistake Um, but these candles is not really showing conviction in one direction or the other one minute You've got a graveyard doji next minute. You've got a hammer. Then you've got arguably a harami And then you've not really got a lot happening so far this morning I don't think west texas really knows what it's doing, but we do have more economic data On wednesday for the crude all inventories to talk more about that so gold Obviously had itself a great session friday monday. It's not really done a huge amount And today it's pretty much sticking to potential resistance at 1137 I'm surprised you're not seeing more movement in gold since interest rates look to be kind of dead in the us for now But it's really struggled in the last couple sessions the tips of these candles there are indicative of the selling pressure If we break up through 1137 with any more momentum and some conviction Then we can challenge this tip and then this tip The fundamentals should be in gold's favor, but it's kind of interesting that it's not really taking off So looking at euro dollar Not really doing a huge amount I guess the dollar managed to stage late recoveries On friday and yesterday, but we're not doing a huge amount today We're trading between two moving averages the 21 and 55 period with one spot 11 being longer term potential support and one spot 1475 being longer term potential Uh resistance, I'm making a pattern of lower highs right here Probably we have a kind of a triangle formation right here If we if we take the tips of this And then draw like so And then if we take the tip of here And equally draw like this this could be a symmetrical triangle formation In fact, I'm gonna get rid of some of this other analysis because maybe it's not so prevalent right now Because there's probably not a lot of extra Moment I'm going to break up through these other areas So let's just clean up the chart make it a bit easier to look at and that probably is not so bad So we're either going to get a breakdown below one spot 11 or hopefully a break above one spot 1475 So that's your dollar finishing up the gbp usd It's looking a little bit ugly top heavy trading below one spot 51 85 keeps ticking up above it then getting pushed right back down So that's going to be acting as potential resistance now As you can see the tips of these candles is pretty much confirming that it is acting now as a potential resistance One spot 51 85 longer term potential support one spot 48 13 So economic data-wise we've got Halifax house price data coming in at um, that'll be around about 8 am uk time and then we've got trade balance data at 130 uk time Which can be pretty important for the us and then going on to wednesday We've got industrial production for germany at 7 am uk time And then of course we've got a crude oil inventory Figures there on wednesday crude oil wednesdays as you would expect and then going on to thursday not a huge amount We do have bank of england mpc minutes. That's a big one if you're trading cable Because you have the voting rights other than the the vote how it went in regards to interest rates Though with the state of the world affairs right now is probably looking pretty flat And we've got unemployment claims due there at 130 uk time as well So as ever guys keep your eye on the chart forum make insights part of your leg going forward and join me again tomorrow to find out What happened next?