 Hi, good morning, and welcome to these products in focus. You can see that the US 30 there is once again hit an all-time record high Same as the SPX 500 as we break above 17, 8, 95 and now we're kind of into uncharted territory This will be acting as a new potential support Adding as a potential springboard For the US 30 to make its next move as non-barm payrolls is due tomorrow I think a lot of the US macro data is quite buoyant and most markets are doing relatively well this morning I've ever look at the UK 100 Obviously it came off a little bit yesterday drifting a little bit lower today a failure to break through potential resistance at 67 71 As ever the technicals are are massively overbought if we do get the drift the next potential support is at 66 86 So Japan 225 is really getting a nice shot on the arm on the back of the potential further stimulus the fact that Shinzo Abe is likely to have a very good presidential election or primary premier election Then that comes back up that the the polls are looking quite positive for for his party and Doll again is just I hear his breath away from hitting 120 and in fact if I look at one of my one of my other charts, it was very very close Maybe missing it by about 15 pips, but we'll come back to that in just a second But nevertheless in the middle of two ranges right now next potential support a resistance or is at 18 306 New potential support is this broken resistance here at 17496 So will dollar yen break 120? Well, it kind of feels like when there's a target like that It's only a matter of time before it does the actual next potential resistance as you guys know from us talking about this is 124 spot 42 there is a decent bit of upside right here with the new potential Support being the broken resistance at 119. I just remember if we get in here too quick Be careful of banking intervention by the Bank of Japan something likely to happen, but There has been a few whispers out there basically saying that the yen is depreciation depreciating too quickly Which makes a lot of their their core imports that are a bit more expensive But as oil prices and commodity prices have been absolutely tumbling perhaps slightly less of an issue But do just be aware that there could be dangers of that happening in the Bank of Japan does sometimes do this This looks like to be a clean technical breakout the longer-term potential resistance 124 spot 42 So moving on to crude oil West Texas And again going on to daily interval. There has been a lot of volatility crude elementaries on Tuesday the AI AI numbers came out slightly worse than expected But that still caused a little bit of drift there We're in a little bit of positive territory today But it probably won't last looking at the tips of these candles psychologically standing This isn't looking to be that bullish as I know that we're going to read challenge 70 spot 41 But we are in the middle of two ranges. We're not showing conviction either direction right now But obviously the pressure is on the downside. So 64 dollars is an X potential 64 64 dollars as an X potential support level So gold's probably come off a little bit today had a bit of a bounce yesterday to be honest this does feel like it's Looking at the candlestick pattern right here might rechallenge 2018 But the fundamentals are not in its favor stronger us the higher chance of early rate hike in the u.s Should be adding lots of pressure onto gold. It's not coming off a sharp place. I might have expected actually which is Maybe a telling sign, but 1218 is a potential resistance if you're breaking clothes above that then that can change things a little bit Filling that drift towards 18 1186 might be on the cards So finishing up with the major FX pairs So you've got your dollar finally broke 123 67, which is decent if you're a technical trader It's a nice clean technical break watch for any retracement back up to the broken support longer term potential resistance one spot 20 47 and with the ECB meeting again very shortly to discuss the potential Stimulus measure might not come today in fact, but they might lay out the foundations for stimulus next year They might shock the market you never know But certainly the fundamentals are static against your dollar And as long as one spot 2367 isn't broken on the upside This should be seen as a new resistance and this could be your next potential support level with many of the technicals still currently in Neutral territory there is further. This could still go so looking at GBP USD Not the clean break that your dollar has fundamental obviously we had the autumn statement yesterday UK doing okay Apparently with the fastest growing economy And the eurozone eurozone that wouldn't be that tough instantly since most of those countries are really struggling right now But UK seems to be doing a lot better growth at 3% But we've not had a massive technical break out to the upside so probably sideways moving Markets on GBP USD for that well, we're still cut up in this downward trend line. So not as exciting as your dollar or dollar yen We're probably most effect traders are looking today. So economic data wise. You do have the UK industry announcement That's going to be an event Then you've got unemployment claims in the US at 130 which should be okay And you've got natural gas which if you're trading natural gas will be quite useful That's something we don't normally cover in these sessions and the fast forward on to Friday We do of course have non-farm payrolls And unemployment and average earnings massive massive day as ever make sure you've got your alert set on that And we do actually have a webinar So you guys can go to support and then go to live trader events and sign up to our live non-farm payrolls webinar very popular with our clients and As ever keep your eye on the chart form make insights party late going forward and join me again tomorrow to find out what happened next