 Hi guys, good morning and welcome to today's products and focus so most global equi markets are a little bit higher this morning China's managed to post another positive day and lots of government intervention over there Not much else coming out about Greece just now with the UF 30 just Almost breaking above 18,000 12 we teched above there yesterday just got pushed back down towards the end German Germany 30 and UK with 100 pushing on nicely higher this morning as well as Everything seems to be all right with the world for this week. Anyway, you can see here looking at the UK 100 Smash through 6771 we're edging closer to that 55 pureed SMA people still died digesting Kearny's comments that he made on Wednesday And the sterling is getting out a bit the bushes now so breaking that down a little bit more He expects the first rate rise to happen at the turn of 2016 so probably right January February time potentially and They thought they might have a normalization of rates within three years at about half the Average now the average interest rates in the UK would be about four and a half percent So some commentators are taking that to to think that we might have rates in the UK of two percent by the end of 2017 currently is your point five percent So maybe a quarter percent rate hike to begin with and see a thing pan out after that Certainly sterling is getting out getting a boost. We'll have a look at that in a second and the UK 100 This kind of bounce back right here We could really do with getting above the tips of these candles here and getting close to six to nine oh six Otherwise we might be this could be what we would call a trumpet formation Which is it's ever increasingly large waves up and down But the overall end result is negative But it'd be quite good if we just break the tips of that and that can put that technical signal out to water In regards to the technical indicators, we are still relatively neutral. We don't have any overbought Signals yet. In fact the MACD is close to crossing the zero line It's not happening as of yet But that would also add extra below the momentum especially we can get above this 55 period SME as well So moving on to Japan 225 Grinding higher 2868 still on return potential resistance dollar yen's been great. It's been above 124 And that we should have a look at that more primarily MACD's across the zero line here to the technical indicator relative to neutral Japan 225 potentially has more mileage should dollar yen continue to move higher as well So you can see we pretty much got 12442 yesterday fail to break through there so far today We've got bullish momentum on the MACD not yet overbought on the other technical signals So kind of similar to Japan 225 and there's a lot of momentum behind The US dollar in regards to Jan's testimony seemed to indicate that we're still going to get a rate of height in 2015 Macro data events will have probably dolly ends for the best place to put to put your potential analysis on should Risk on still remain in play so as long as then you kind of grease doesn't blow up and China doesn't start to Sell off dollar yen looks to be the FX pay that a lot of people are looking at However, if there is a little bit of negative news out there in the market, then people will buy the yen as a safe haven over gold That's what we've seen historically There's a beer that mine But certainly if the times are good and the US dollar looks like it's taking up dolly and will be popular So looking at West Texas crew grounding lower getting close to 49 40 we've talked but it's a lot of the last couple sessions Not much else to talk about one above that same reasons as ever Iranian deal is obviously dollar crude oil negative But they're not pumping oil To the global economy for some time So looking at gold looks to be 1137 is going to be the potential support level to watch out for we're slowly grinding there Just now other technical indicators are relatively neutral with only the slow stochastic Open-map it's also stochastic and the RSI are just going into oversold territory But no reversal signal given yet And if we look at your dollar the euros been losing a little bit of strength in the back of The deal to bail out Greece because we don't know if the IMF is going to pay a map that they're not paying for the first Trans anyway looks to be that the euro zones have been to fund The first transfer of bailout for Greece first and then the IMF might get involved after that So there's still a little bit of uncertainty about who exactly is paying for the day Greek bailout the UK certainly isn't they managed to get that signed off Yes, that either was gonna be like a 700 million pound Contribution by the UK to help Greece, but apparently that's not actually happening now And that's causing a little bit of instability in the euro So I'm finishing up the GP USD you can see the sterling there bouncing off one spot 56 yesterday looking pretty good trading by both moving averages bullish cross on the MACD Still a further room from maneuver based on the RSI and slow stochastic So one spot 5743 is the next potential resistance level to watch out for so I can update wise We've got a whole host of CPI data from from the US at 130 And we also have the consumer Sentiment survey from University of Michigan at three and then if we fast forward on to Monday We've got German PPI and then on Tuesday. We've got UK public finances Nothing really that exciting Wednesday. You've got the NPC Bank of England minutes That'll be interesting for GBP USD traders or cable traders And then you've got your existing home sales and crude all inventories there as well So as ever keep your eye on grief Make sure we get a flavor as you know how the deal is potentially going Keep an eye on the chart forum keep looking at insights make that part of your leg going forward and Join us again on Monday to find out what happened next