 Hi, good morning, and welcome to today's products and focus so first things first Chinese stock market down on the 5% today Which isn't really massively spelling over on to the European market is that aggressively But it is starting to to hit in Australia's down Hong Kong's down Chinese 50s enterprise only is down as well And a lot of indecision in the US some real mixed data yesterday. We had the Empire index just came in at 10 year lows, which is absolutely Diabolical then you had US home builder sentiment was like a 10-year high So real mixed bag, but this is where we currently stand with the US 30 and volatile session of the lows 17361 bounce failure to break 17561 as potential resistance which also coincides with 21 period SMA We would have had a bullish cross over there in the MACD But the other technicals didn't really are still relatively neutral still a lot further To go before we get to any of those overbought or oversold sections on there So moving on then to the UK 100 almost breaking through the bottom of this Symmetrical triangle formation that managed to stay above there yesterday. So we didn't get a break We didn't get a close to to break that which we opened up 64 15 But not a great start to the morning as the oil was down to 41 50 Coppers down your six and a half year lows as well. So commodity is not looking that great the dollar Making a little bit of actual gains against the euro and the sterling Not so much against the Japanese yen. We're still in about 124 40 right now But we are towards the bottom of the range on the UK 100 this looks potentially vulnerable To another technical break, but it's not had a close below the symmetrical Support level as of yet So moving on to Japan to do five Kind of floating around in between two ranges just above the two moving averages 21 and 55 period with 28 68 still being the Potential resistance level to to beat other technicals are pretty flat But with Japan to do five is really just a proxy for dollar yen and dollar yen again 124 42 is potential resistance slash support Those moving averages now begin to move up just behind it With 21 period looking to act with last five sessions anyway act as as definitive Potential support levels on their other technicals relatively neutral not yet oversold yet either But the dollar doesn't know what's gonna do right now. We actually have a look at the market calendar on here You'll be able to see that the the feds index here was expected to come at five And I actually came in at minus 14.9 and that's I'm that's quite a Relatively new bit of data that that got has been created, but it's an important manufacturing index aspect on there and US home builder data came out much better than expected So as a real mixed bank of stuff there so looking at West Texas crude We're breaking below but we firmly broken below 42 dollars now We've almost broken the tip of this doji formation right here, which would be 41 40 We're just like 15 cents away from there right now $35 is the next potential support level, and I think as soon as we break if we do break below 41 40 that's gonna be one of the lowest levels that we've seen with Texas for for quite some time And that might accelerate to the downside as China is obviously a big buyer of the offer of crude and their stock market is under increased pressure and Their macro data just in free fall right now a lot of traders are positioning themselves For you know longer-term depression of demand for West Texas So I'm looking at gold kind of gold should be giving you a bit of an idea as to an obviously US Industry markets as well should be giving you a bit of an idea about the possibility of a September rate hike Which seems to well lurch one day from being absolutely to next day to not at all But gold is slowly grinding up here The long-legged candles are indicative of the fact that each time it tries to get put It tries to push up on any kind of positive momentum that rates rate hike is going to be delayed It gets pushed right back down again, but I think what most commentators are Trying to kind of throw out there is that even if there is a rate hike this year that the trajectory of future rate Hikes will obviously be quite low anyway The longer-term potential resistance on gold is 1137 We need to get back above the tip of this candle here in about 1126 before that looks like a possibility And that 55 period SMA probably over time if this continues to just slowly kind of grind grind higher that might coincide with that potential Resistance and that's going to be a tough one for gold break. So finishing up with your dollar and GBP USD So your dog 4th day down in a row This could be the start of what we call three black crawls depending on how much further this goes down We would have to see a body of a candle bigger than the previous days But that would see an acceleration to the downside But we do have a 21 period SMA not that far away at one spot 11 We'd be acting as potential resistance and we've also got the 55 period SMA which is looking like it could be pretty decent as a potential resistance as well. So The the euro not looking too strong this morning And that's currently where we stand with that and if we finish up with GBP USD Very negative day yesterday bearish engulfing pattern Down towards the end of the range today as well down below both moving averages Next potential support one spot 54 But I can completely imagine us just continuing to also rate around 156 for the next couple of sessions So actually 9 30 today lots of big uk data. You got cpi ppi and rpi Make sure you have your alarm set for that if you're watching this at 9 30 uk time And then you've got a whole bunch of housing data from the us later on And then obviously on to wednesday you've got us cpi. That's going to be a big Date release for the us and then you've got the crude oil inventories as well So keep you on the char for make sure you make insights popular going forward and join me again tomorrow to find out what happened next