 Hi, good morning, and welcome to today's products in focus Well risk seems to be kind of back off the table in the short term as yesterday's right and crude oil has really spooked the markets coupled with some Kind of dire macro data coming out of China and Japan on Monday has caused this sell-off there in the equity market So you can see there's a bearish and gulfing pattern on the US 30 that's balled through to today We're touching that 21 period SMA almost now eyeing up next potential support at 17 7 3 8 Moving swiftly on to the UK 100 you can see there again That's a very aggressive downwards candle right there again Bullition gulfing pattern breaking below the 21 period SMA breaking below 66 86 And now we've got to be looking at 65 89 is the next potential support level We might not be getting our Santa Claus rally after all looking at Japan 2 to 5 We saw a big reversal in Japanese yen last night as people started buying safe haven assets and gold also spiked Japan 2 to 5 now getting closer or closer to 17 4 96 rather than to its resistance at 18 306 After the clear massive sell-off It's not a surprising this actually be quite a good springboard there for Japan 2 to 5 But things do turn themselves back around but the pressure is on already today's candle Tried to move in deposit wasn't positive territory and got pressured right back down again. So we're now into negative Looking at that dollar yen Obviously we we had such a great session there getting up to 21 80 at one point Another big sell-off another moves down side. I'm up 118 basically 119 And you know people are buying yen as a safe haven So the cause of all this is pearl crude oil Which is really kind of shaking people up there a little bit in regards to how aggressively is getting sold So drop drop about 4% yesterday. It's down again today We're currently trading at 6267 next potential support is at $59 50 And Brent's also come off quite aggressively as well. So this should be a bit of a boon for For for global markets But you take this and you couple it together with the fact that the Fed are re-examining interest rates in the US That does tend to freak people out a little bit. So What people what kind of analysts are swirling about it there is that the Fed is reserving his right to revise its It's current kind of rhetoric So perhaps an interest rate hike and mid 2015 is not impossible This seems to happen for never a good bit of information comes out, but the markets are reacting in kind So looking at gold there to finish things up We did have a kind of a reversal of fortunes there creating above the 55 period SMA 12 18 is an exponential resistance Safe haven't buying the ends probably a little bit more attractive because already come off so much So there's a little bit more oomph there yen against the New Zealand dollar or yen against the Aussie dollar is particularly good Some really big moves there Obviously considering how weak those especially the Aussie dollar is in the wake of the potential Chinese slowdown So very interesting moves to keep your eye on if you're interested in the world of FX So looking at your dollar and the USD took a bit of a breather yesterday We've had a little bit of a reversal, but potential resistance is at one spot 2367 Which was broken support that could be an interesting retracement level After all the eurozone has not fomented itself overnight and obviously everything's still looking good in the US Looking at GBP USD. We did have a very similar picture. We're back above potential Support at one spot 55 99 or one spot 56 Looks like we could be capped by that 21 pureed SMA there anyway. Let's have a look at the economic data Nothing much due out today to be honest all medium impact levels. We talked about this yesterday There's nothing tomorrow either apart from Chinese CPI that could add a little bit more pain To the markets. I've seen some really big moves in the Japanese and the Chinese market markets over the last couple of days The China a 50 I can see here has come off over 6% So that gets you it was already up about 5% yesterday just to put that into context But very very volatile session over in Asian markets And you have to fast forward on the Thursday before you can get retail sales and unemployment claims As ever keep you on the chart forum make insides part of your layout going forward and join me again tomorrow to find out What happened next