 Yeah, hi good morning and welcome to today's products and focus so looks to be a grease deal is closer than it's ever been Latest admissions seem to be a promising start Though grease is pretty much fast when I get money right now And in fact know that they can pass legislation quick enough to where to fulfill the Minimum objectives that the IMF or actually after but nevertheless markets taking it to be quite positive Though you at US 30 is down from its highs that it was reaching it later on in the afternoon UK time To sell off towards the end of the session now. It's taking up again just now just above 18,000 112 targeting 18284 But there's still a lot of things to talk about in regards to grease but certainly There almost seems to be 80% the way there at the moment didn't cross any red lines with any of their Pension pots, but I'm not really quite sure where they're getting the additional money from In order to meet the Commitments that the IMF near is on are after there's also a big question about where the IMF is actually gonna get the money to give to them So it's not completely done and dusted yet, but certainly it feels like there could be some sort of solution at the end So looking at the UK 100 European markets absolutely smashing it so there obviously must be pretty confident This is all gonna go ahead and go through especially Germany 30 it was up almost 3% 4% yesterday enough percent again today Looking these gains just now looks to be potentially capital 21 period SMA Looking at 6906 is a potential resistance bullish crossover on the Mac the other technicals are relatively neutral We recently had a set a bi-signal the slow stochastic, so There's actually a lot of room for further gains possible on the UK 100 Once we get this this grease thing out of the way Moving on to Japan 225 I think you can pretty much say there that that is the highest that the Japan 225 has been in 15 years, I think At a great start to the day in fact if I've got I've got to go into a monthly time interval right here to be able to see it And this is the highest that the Nikkei has been Since 1997 So that is a significant move Japanese equities looking very very interesting on the index obviously We've talked about this a number of times and it's had a stellar two sessions It's it's a top inverse range We're still just going it's not instant reversing on the interday charts It's up 1.67% of the day and it's still going higher as we speak so 20,868 Obviously market is closed right this second as little gaps in the Japanese market trading hours, but Interest in market to look at Obviously is quite extended at the moment so moving on to dollar yen dollar yen pushed higher So the USD actually gained momentum versus most major global currencies last night Again cap the 21 period SMA. We need to get above 124 45 For dollar yen begins to look that level more interesting Mac the histogram slowing down Show you we could get a crossover some points in and the other technicals are relatively neutral So it needs to get above the 21 period SMA and 124 42, but all the ends coming back to life ever so slightly In regards to yesterday existing home sales, that's what it was came in much better than expected and We had some European data of which was okay Today we have a whole host of PMI inflation data Coming out for Germany and the Eurozone And then Wednesday you've got the I'm I'm IFO business expectations data from Germany and the GDP for the US that that one's going to be a real big one for the US economy But that home sales basically meant that it's a solidifying that's September potential Month for the first rate hike in the US could consolidating again round 5950 Trillion below 60 dollars as we speak right now to be honest with Texas is not that exciting right now Moving on to onto gold in the back of the US home sales yesterday It came off quite aggressively We've got a bearish engulfing pattern and we are now resonating around the 1186 potential support level any much further any further Divers movement right there does open up a potential Gateway to 1137 Especially with the more macro data GDP figures tomorrow Should be a big one for major USD FX pairs and for gold as well depending obviously how it comes in Moving on to your dollar Your dollars is broken that upwards trend line right now fail to Capitalize on the momentum elsewhere in the market following on from the grease deal We didn't get a break through the top of the ascending triangle formation So a break of that trend line is indicative of a potential move to one spot 11 Which also coincide with most other technical indicators as well And that's more so on dollar strength at the moment a resurgent dollar rather than that your weakness And then moving on to GBP's USD Failure to break through one spot 59 and tried three times to be fair failed to do it again yesterday We're actually off the session those already this morning But one spot 5743 is a potential support We're in the middle of two ranges right now other technicals are over bought the RSI Just giving the signal to sell and the slow stochastic got a crossover But it's got a break back to this 80% level before you get that signal to sell So we've also already talked a little bit about the economic data expect Greece to still be quite a dominant factor Chinese stock market again are a little bit under pressure Following their local haul day on Monday They did move into positive territory at the start of their session But it still looks to be Pressure so we'll keep an eye on the on the Chinese stock market only because second biggest economy in the world It does have a better knock on effect in other regions as well Keep you on the chart forum lots of analysis there from Jasper lawyers back from holiday now Michael Houston Make sure you make insights probably going forward and join me again tomorrow to find out what happened next