 Hi, good morning, and welcome to today's products and focus as you'll be able to see here the US 30 is is pushing up through that potential resistance at 16401 and looking towards the next potential resistance at 16598 And that's on the back of some dovish comments up by yelling yesterday indicating extraordinary measures are Still on play and slightly less hawkish than what she had come out with before as though market was all getting primed for an Early interest rate hike in the US in 2015 most other commentaries. We're still saying 2016 But after the comments yesterday people are kind of rolling over a little bit So we're actually seeing is a bit of a turnaround in the US dollar not against the Japanese yando But right across the rest of the board, which we'll come to back in a second So US markets looking pretty well supported in the short term But we'll see we've got some more economic data coming out today's quite prolific for data But anyway next potential resistance on the US 30 is 16598. So we have a look at the UK 100 It had shot up or they're on this morning only to get pushed right back down again slightly depressed Germany 30 is actually pushing up in the right direction UK 100 just can't seem to get as momentum going yesterday incredibly volatile sessions are horrible looking candle from a psychological point of view We're now trading below the 55 period and 21 period SMA And we've got to be looking at the next potential support at 6581 Any bounds might be kept by resistance at 6666 So that's where we are with that slightly disappointing on the UK 100. I've ever look at Japan 225 It got a little bit closer. It's edging ever so slightly closer to that potential resistance at 4977 today's Price action has been slightly pressured again by that 55 period SMA Potential support is at 14209 But to be honest we're seeing a big unwinding of the Japanese yen Against a whole host of other currencies, especially New Zealand dollar, which is a heavily bad at the moment because it's got a higher yielding interest rate than many others carry trades back and play just now dollar yen is for a lot of people looking but New Zealand dollar Japanese yen is for a lot of traders should be looking and That's where we are for now So if the yen continues to weaken that should be a lot of a shot in the arm of Japan 225 though the Taken index over Taken figures showed a lack of confidence by Japanese business owners of the next quarter, but that's going against the grain for the rest of the Kind of region for Asia is a little bit more bullish. So if you have a look at that dollar yen position, we are trading above potential Resistance or it was support I should say a one or two spot 87, which is good So we're finally making some some decent headway We're kind of Floating around the 103 level right now next potential resistance of one of three spots 77 Technical indicators are relatively neutral and the king's further room for maneuver to get a little bit of bullish momentum So some more dollar strength would be quite good, but after Yellen's dovish comics yesterday We need some pretty strong US data to help propel dollar yen up a little bit higher So if we continue to have a look at crude oil West Texas, which has been having a fantastic run Coming off slightly at the moment. Obviously that weaker US dollar should be giving it a shot in the arm There was talk about supply concerns of North Africa and Libya But personally, I think the resistance there 103 was had been relatively strong. We have had a very good 10 sessions slight little bit of profit taking so this could be retracement and move back up to 103 If it's not next potential support is at 100 spots 16 So poor old gold feeling no love right now and You know with risk on and people buying up, you know buying up the indices and dollars selling off It should be helping go a little bit, but as it stands right now people are winding yen people are winding gold And unless there's something Quite negative coming out in the markets There's a lot of fundamental factors and technical factors why gold is as feeling this pain The next potential support is at 1267 any retracement up higher might meet resistance at 12 potential resistance at 1295 Technical indicators are falling off a cliff right now. So they are slightly over oversold But there's not yet any reversal signal yet consider this just an early warning that it's perhaps come off too much But when you look at it's uptrend and in a selloff it is quite close to 50% retracement right now In fact if I go to my drawing tools Get my good old Fibonacci retracement add it on like so You'll be able to see where we are I've accidentally put a 55 Percent Fibonacci right there. We are actually trading below the 50% Fibonacci level. So you'll be looking at the 61.8 We're in about that 1262 1265 level. So do keep that in mind So if we finish up by looking at your dollar your dollar shot in the arm and that dollar weakness There are some big doubts that Thursday will yield that ECB rate cut by some analysts It may there's a there's a very few voices saying it will come as soon as Thursday They want to keep that ace in the hole for later. It's certainly a small possibility But we are seeing your dollar spike a little bit higher this morning breaking above potential resistance at 3772 Next potential resistance 3863, but we have to get above that 21 period SMA The more likely potential support that 7309 level and you do have the 55 period SMA nicely at the same point So to finish up then with cable cable has been drifting Slightly I will actually really say edging higher as it gets close to 6744 It's not a massive leap in the right direction But it's slowly edging higher there as that youth dollar weakness comes in and there is some UK data due today So 6744 is next potential resistance. So data. We do have European data German data So we give for you for your dollar and Germany 30. We've got Eurozone PMI. We've got German unemployment data We've got UK PMI European jobless rates and then and this is all 9 30 10 o'clock So a load of European data, which is fantastic and then at 3 p.m. Today You've got US manufacturing PMI, which everybody should get a chance to have a look at so remember to set your alerts on there Well guys join me again tomorrow to find out what happened next