 Hi, good morning and welcome to these products and focus. So today is Wednesday, which brings us our ADP private payrolls But overnight we had news that a particularly dovish member of the Fed actually come out with quite a pro interest rate Comment last night. He was kind of saying that it would take very very disappointing economic data before he would change his view Then the trip hike in September was I was gonna be off the table This is coming from somebody who's usually quite dovish in regards to interest rates So we've seen a little bit of a jump up in the dollar The global equity markets Like the US 30 It's kind of drifting to the side But Germany 30 taking solace from that is up a little bit just now and the UK 100 also grinding up But US 30 trading below potential support now potentially acting as resistance at 17561 Other technical on neutral, which means that 17361 could be the next potential support now That does lead us to very interesting Aspect where as of today's ADP private payrolls disappoints That could actually be kind of positive for stocks because it means that they might not raise rates quite so soon And if it comes out really strong Actually, it might cause a little bit of a fluctuation and the global equity markets as well I guess the safest place to look If you want to take a view on on interest rates offices trade the US dollar Rather than the rather than the indices. So moving on to the UK 100 You can see complete this camera image to what the US 30 is doing trading above potential Resistance at 6 to 686 next potential resistance 6771 We're trading above the 21 period SMA just slightly below that 55 period SMA Other technicals are relatively neutral Indicating there could be still further to go But if you look at these candles these last four candles, they've been making higher highs Albeit they've been getting the closing price has been pretty much constant It has been closing below 6 to 686 last number of sessions. So that is pretty interesting in itself. So moving on to Japan to do five so dollar yen pushed up overnight to 124 and change 124 40 odd and that's helped push Japan to do five up the potential resistance actually 124 40 On dollar yen, and that's why you've seen this this kind of little mini sell off there on Japan to do five So quite far off the session highs But nevertheless if that dollar advancement continues at the expense of Japanese yen 20,860 remains to be the potential resistance and that's been in play for Remains unbroken the clothes above there for a number of years. So as you can see they're looking at dollar yen 124 42 It's it's trying to break above there finished quite close to the top end of his range yesterday Kind of a doge formations for fire this morning But we've only just started the session looking at the technicals We are quite far away from being overbought at the moment. So this could still easily break up higher But I think we'll be waiting for the adp power perils before that actually happens And obviously you've got non-farm perils and Friday, which would be the big one Moving on to crude oil west Texas has bounced off the rules from yesterday, which we're in about 4520 So we're actually above potential Resistance slash support right now 45 85. We do have crude oil inventories also due to the And obviously the US dollar begins to advance again That could add pressure But obviously we had that spike in the dollar yesterday and that didn't stop west Texas from having a little bit of a move up to A little bit higher But it does this feel it might be this little bit of profitec and considering that there's nothing really can Change fundamentally. I'll be it does look like the war in Yemen is Increasingly getting a little bit worth the Saudi Arabia now with the hundreds of tanks having gone into Yemen I guess maybe some eyes are looking at Iran who are back in the Houthi rebels out there What they're going to go ahead and do next so that might be a cause for the sudden spike in West Texas crude so looking at gold still It can't define not breaking through either side of this potential symmetrical triangle We might have to wait till later on to find out what score is you can see Yesterday on the back of the Fed comments We had a spike up only for to drop back down again And we're still very much at the apex of that triangle formation So finishing up with your dollar and GBP USD so your dollar sinking towards one spot zero seven eighty six Obviously a DPP paraphernalia by that further We got a negative crossover on the MACD the other technicals are relatively neutral trend here is down We're trading below both moving averages with one spot zero seven eighty six be the next potential support And then if that breaks then one oh five twenty four Now finishing up with GBP USD Drifting lower finally broken out of that one spot 56 oscillation. I'll be not like convincingly. We do look like we are still sticking around that Completely flattened out you'll moving average crossover the 21 and 55 period SMA Completely flat at the moment We had a dip down below are the wrong only to push back up long like a candle sear indicative of selling pressure above one's spot 56 Again, we'll wait for the ADP power payroll number to come out. So I come in date wise. What do we have coming out? Well? We've got Eurozone PMI. You got German PMI UK PMI due between 9 and 9 30 Then at 10 you've got Eurozone retail sales. So it could be kind of interesting for your dollar Then you've got ADP power perils and trade balance details Remember ADP power perils as a quarter past one today with the trade balance at 130 and finishing up the day You've got you've got PMI the ISM non-manufacturing business index 3 p.m. From from the US and then finishing up there with them crude oil inventories Which surprised the market last week with a figure that was a little bit lower than what was expected So better than to see if that continues on especially when you consider the low point where West Texas is at the moment So as ever guys keep your eye on the chart form I can see there's a number of CMC markets clients are posting analysis on here, which is absolutely fantastic Make insides popular to get the inside track as to what's moving in the markets and join me again tomorrow to find out what happened next