 Hi, good morning and welcome to today's products and focus so looking at the global markets today the u.s 30 slowly creeping down look at the European markets You give them hundreds actually being hurt a little bit and the Germany 30s a little bit more Supported this morning, but we are having a slight curve down here in the middle of two ranges right now You might have noticed I've removed a number of other old support levels on here Just take it a little bit clearer for us to see But we've got long-legged candles on both the downside and upside with a kind of a bearish engulfing pattern Kind of developing on the u.s. There is still just a start of the UK market right here But as you can see there we just about to get across over in the MACD And we've talked before about the social static and the RSI just about to hit those those cell triggers right there as well So from a technical perspective, there is a little bit of extra pressure on here But we do have such a large raft of data from UK Europe and the u.s today Which will help to choose the next direction So looking at the UK 100 And this is quite quite a tough one because the candle yesterday was quite negative and then it managed to almost rally right back up Almost in the positive territory only to really get hurt again today So potentially we're trading below a new potential support level I picked out here around about six six eight six and That's on the wrong side And we were looking to be getting a golden cross on the MACD right here But we have just crossed over the RSI and so it's fantastic there as well Just moving to the to the other side, but the signal to sell there has not yet been generated But this is not so good for the UK 100 in the short term and it looks a bit ugly on the intraday charge as well to be completely honest Probably more issues with the resource Style minors and stocks and whatnot because we have seen big moves in the US dollar as ever and Commodity price prices are getting extra pressure So looking at Japan 225 you can see I've got this level here at 17.4 and 96 I've actually go back on to my weekly chart I have to go quite far to pick out this level but as you can see there We've got the tip of this candle right here This gives you a bit of a flavor of what we've what we've seen It's from 2007 so it's a significant level So when we actually look on the daily interval you can see the multiple time Just trying to break break above there with a failure to do so But 17.4 96 is the level almost got that crossover on the MACD You almost got the break of the RSI and we're getting this flattening down with a slow to cast it there as well So talking about The Japanese market we've got a look at dollar yen, which is absolutely soldiering on We actually hit a high last night of 118 spot 94 So 120 almost looks like a formality right now the longer term potential resistance remains 124 spot 42 Again, we'd go into a weekly chart go long term to pick out this level Which is all the way back also from 2007 These candles looking quite aggressive as well really strong At least the three advancing white soldiers they call that as a candlestick formation And with the FOMC minutes last night pretty much given the green light for more US dollar strength And the fact that we're probably looking at more stimulus than dollar yen It seems to be that further momentum is quite possible Though I've certainly read a number of reports from Reuters I mentioned this before that a number of Japanese firms that are Importing Kind of raw resources and materials into Japan because they have to import as an import a lot of Extra goods see them have a lot of their own resources are complaining about this dollar yen exchange rate This is great for exporters because it makes them more competitive But not so great if you're trying to import lots of raw materials But raw material costs have been dropping the crude oil iron ore. That's what's hurting Australia and Obviously it causing pain over in Russia And we also know kind of running back here is when people start to complain but not everyone So now we've talked before about kind of interventionist policies But they're gonna be doing stimulus in Japan that goes completely against what the other Japanese firms are after So 120 is definitely inside 124 the next potential resistance So moving on to crude oil West Texas there for a second On the wrong side is 75 still line up 70. It's looks like it's slowly consolidating around about this 74 level Not much else to say that we've not said before in here Things a lot of pressure still remains Looking at gold. We were unable to capitalize I don't know if you know that the Swiss Bank or the Swiss are going through a referendum just now to peg more of their currency to the gold reserves So they have 20% of their currency reserved as gold currently it's about 9.8% I believe that referendum took about a knock yesterday as the latest opinion poll shows that it's probably going to be No vote to the to the extra gold reserves. That's caused a little bit of a tumble there 1186 is a new potential support level. You can see it was all the way back here December last year It's been in play again just now and you know where we are right now And that's also bouncing around that 21 period SMA very quickly finishing up with your dollar Your dollars being a bit all over the shop because that ZDW business report one spot 25 79 is a new potential resistance FOMC didn't really put too much of a cap on your dollar This is a level to to keep an eye on longer term potential resistance one spot 27 46 And obviously in reverse opens up one 23 67 and to finish up there with cable It's Not really doing a huge deal as long as it's trading below one spot 57 43 It's a bit more bearish We could be looking at 54 24 is the next potential support and if things really go pear shaped cable because dollar strength is obviously Paramount out there. You can be looking all the way down one spot 48 13 So any retracement to 57 43 could be an interesting level for those clients who have a bearish view But we'll have to wait and see how that pans out economic data wise we have a fair amount We Chinese Chinese data disappointments Ever so slightly forecast 50.3 actual 50 and then we go retail sales here is due at 9 30 UK time We've got CPI from the US at 130. You've got consumer Outlook surveys fill the filly fed numbers. You've got jobless claims data and you've got existing home sales There's a certainly a huge amount of data coming out for the UK the US and The Eurozone so to be honest, I think your dollar and cable and the dollar yen for a lot of people have their focus today It's because that's for the best potential opportunities are and Keep your eye on the chart form as ever make insides part of your layer going forward and join me again tomorrow to find out What happened next?