 Hi, good morning, and welcome to today's products and focus so we had more disappointing big data come out of China They're on Sunday industrial production missing forecasts And you couple that together with the FOMC which the two-day meeting starts Wednesday finishes on Thursday with the announcement of the Interest rate decision Promises to be quite interesting week, but until Thursday the markets are probably gonna be and a bit of a sideways moving Kind of formation as basically everybody's waiting to find out if If it's going to be September or more likely obviously December for that first rate hike with all of all till it in the markets for the last couple of weeks, but also in the 24th of August really There's a lot of big question marks about the validity of what we're raising now I guess the reality is if you raise it in September or December it's only two months difference It's not really got a huge amount But it's about a 50-50 chance some commentators feel that we're gonna have that rate hike in September But certainly there has been a lot of volatility Chinese stock markets down about three percent three and a half percent following the disappointing data But as you can see the US 30 is very much Just grinding along Not doing a huge amount today Just the kickstart of the week 21 period SMA capping any potential gains I was trying to go into positive positive territory earlier on but as you can see by the tip of this candle right here We're currently in negative territory We've almost we've had a bullish crossover in the MACD a number of sessions ago But that's pay it failed to materialize than a decent game And as I said, we're not likely to see anything that's significant until after we get the FOMC Result out on Thursday, and I think that's about six or seven PM UK time But we'll check that in a second So looking at the UK with 100 in between two ranges 62 96 being potential resistance and 60 73 being potential support Trading below the 21 period SMA other technicals are relatively neutral We also had a bullish crossover on the MACD But that that ship has sailed graveyard dodge information adding pressure on the UK 100 and we'll slow down in China commodity prices must be getting a little bit of pressure from them Which will again be pushing the UK 100 down a little bit more because of our heavy weighting with mining and oil So Japan to do five obviously big connection to China and with industrial output They're dropping because the Japan to do five has got currently a bearish and golfing pattern Over the previous two days candles with them 18 306 acting as potential resistance have been in play now Are stayed as a potential resistance level for number of sessions obviously got broken out here But still close below it. We're now looking at 17 for 96 has been potential support Moving on to dollar yen big question marks over there for MC means the dollar doesn't really know which direction it wants to go and We're currently losing a bit momentum against the yen So people are safe haven't buying the Japanese yen at the expense of the US dollar and they'll have a look at GBP USD And your dollar in a second, but 12187 is potential resistance looks to be that 21 period SMA is acting as potential resistance as well It's failed to break above their last four sessions with 119 being an x potential support level to be aware of So looking at West Texas crude 45 85 acting is quite an interesting resistance level there With $42 being an x potential support We are in the middle of two ranges, I guess right now, but we're closer to the resistance and we are to support We almost have a crossover on the MACD. The other technicals are relatively neutral and obviously with the lack of global demand China's slowing down blabber blabber blabber negative Chinese data comes out that does have a negative impact on West Texas Could so looking at gold not doing huge amounts as we had this big move to the downside there on Tuesday on Wednesday last week Probably expect to see a flat line on gold until we get FOMC at the way So finishing up your dollar and GBP of D. So your dollar making some interesting headway there with one spot 1474 being an x potential resistance We are looking at about seven positive days right there bullish crossover in the MACD Trading above moving averages. So your dollar looks a little bit more bullish in the short term But remember one spot 1474 being potential resistance. And then if we have a look at GBP USD We are above one spot 54 24 next potential resistance one spot 56 We're trading just below the moving averages just now bullish crossover in the MACD bullish cross on the slow stochastic I've been listening to see if you can get some extra momentum at GBP USD And today we've got yours on industrial production at 10 a.m. UK time Tuesday brings with us a whole host of CPI data PPI data from the UK and The ZDW business port from Germany. That's a big one retail sales big one again And then let's actually fast forward on the 30 because so I can get the FOMC time is 7 p.m. UK time So actually there is a lot of data between now and then actually coming out But I'd be surprised if we saw anything that's significant in the equity markets until we get that FOMC out of the way So as ever guys keep you on the chart for Megan's it's probably like going forward and join me again tomorrow to find out what happened next