 Hi, good morning. I'm welcome to today's products and focus so most global equity markets have had a little bit of a rebound this morning as commodity markets have managed to turn themselves around ever so slightly Global mining stocks managing to cut recover slightly up to Glencore the 5,100 miner that had dropped 30% just the day before managed to rally a 16% gain yesterday as well, which Was almost a fifth of its value. So quite a quite a decent set of gains across a lot of those blue chip miners Which in turn has caused positive momentum to return to the markets With most global equities actually trading the top end of the range first thing this morning as we also look to finish the quarter So with the US 30 we're quite a good bit away from anything of significance in regards to support or resistance In fact one level that we could just draw on here is Looking at the tip of the candle from the 15th of October. You can see that we weren't that far away from there yesterday Albeit we'd obviously broken through it a few days before And we've had this kind of bounce this morning. So maybe 15,870 Could be a potential short-term support level for US 30 now today also brings a speech by Janet Yellen Later on in the session, but we also have a raft of of date releases due today We've got German Unemployment claims. We've got balance of payments in the UK GDP from the UK as well Consumer price index for the eurozone employment unemployment rates for the eurozone as well Followed up by the ADP private payrolls, which is usually a precursor to the non farm payrolls on Friday And then we've got a crude oil inventory Change there. So there's actually a fair amount of data mainly due after 10 30 UK time, but if you're trading FX or Maybe perhaps the the UK 100 and some of the American indices There is data coming out today that could have a little bit of an impact and people will be looking at the ADP Private payroll for a little bit of clues as to what that NFP figure will be there on Friday So jumping on to the UK 100 the kind of the rally that we had in not quite rally, but a slight Relief rally I guess on there on the mining stocks calls us to get off the session loads there yesterday We still end up negative for the day But similar to the US 30 we've managed to post a bullish candle so far this morning trading the top end of the range but this is before The actual underlying stock market in the UK opens up We're in the middle of two ranges a guess We're quite close to 60 73 as a potential resistance with 57 70 still being the potential support What does tend to happen is you have a relief rally the risk always is That the mining stocks become under getting the pressure again after managing to recover some losses yesterday So do be a bit careful out there as well So then looking at the Japan to 2-5 It managed quite a strong rebound yesterday a hammer formation away from the session loads at 17178 With 17,500 being the potential resistance level very very tight range right here It'd be interesting to see how things finish up there as we aren't towards the end of the quarter So a lot of fund managers From many different regions will be trying to shore up their gains and finish off their particular sessions To book their final P&L for that quarter And Japan will be no different So then looking at US dollar Japanese yen a little bit unexciting to be honest still also laying around that 21 period SMA Other technicals are relatively neutral The the yen was obviously getting a little more popular yesterday But there's more uncertainty in the markets when the markets had a bit of a spike back up again People start to sell the yen, but it's not like the the dollar has set the world on fire yet either So then looking at West Texas crude again not doing a huge amount just below 45 85 Which could be a short-term potential resistance level for the technicals are looking quite neutral But remember we do have the inventory data due today 330 UK 10 I'm at 4th at 330 UK 10 sorry, and then if we move on to on to gold Gold you can get an idea That we're still trading below 11 37 That's gonna be a potential resistance level but we're on the wrong side of that looks to be the 21 period SMA is providing support Which will be in to see if that manages to stand failing that you do have that 55 period SMA slightly below We've almost got a negative crossover on the MACD as the pressure on gold is certainly on And if we finish up with your dollar and GBP USD Your dollar not doing a huge amount after yesterday either still bouncing around 21 period SMA in between two ranges One spot 11 and one spot 1475 We really need macro data to come out today to add a little bit of extra momentum But we do have a host of the European data with your unemployment rate for the eurozone and the CPI for the eurozone due Round about 10 a.m. UK time and if we have a look there at the employment claim data from Germany that might also have a little bit of color onto your dollar and we finish up with GBP USD We're now drifting below one spot 51 85 next potential support is all the way down at one spot 4 to 8 13 But we're not moving down with any Kind of conviction at the moment, but it is a technical breakout But I'll be interested to see if we get any sort of retracement to try and get the head back above one spot 51 85 and that UK data today the GDP data and the balance of payments might be What we need to get above that level So that gives you an idea of what to expect for today. Let's fast forward on to Thursday. The big one is going to be the Chinese PMI data release, which will be around about 2 a.m. UK time a matter of fact, sorry is this one right here is the Zion and that's actually going to be at 245 UK time and this is the one that everybody's gonna be watching anything below 50 It seemed to be a contraction and they and the previous was 51.5 Very very keenly watched so make sure you don't miss out on that and remember There's a whole host of PMI data releases all due out tomorrow Tomorrow's a big day and then of course Friday brings you non-farm payrolls Don't forget to sign up for our live webinar, which will be with Collins-Vikinsky and Michael Houston You just go to support and then live trader events to sign up to our Non-farm payrolls webinar will they both be debating the nuances of the possibility if the US is going to be raising rates Or not post NFP so make sure you don't miss that So keep your eye on the chart form lots of very useful information there as ever from Jasper and Michael Houston in our UK office Make sure you make insights part of your layout going forward Our global team are ensuring that you are kept up to date with the major events in the market and join me again Tomorrow to find out what happened next