 Hi, good morning, and welcome to today's products and focus. So having a look at the US 30 there We managed to push on a little bit higher with 17.561 be the next potential resistance U.N. currency fluctuations have kind of stabilized some really good data coming out of the US on Wednesday out on Friday PPI was better than expected as well adding more of credence to the prospect of a September rate hike It seems to flip-flop one day rate hikes off next day of rate hikes on In Chinese stabilisation is it is fine. I'm saying that Chinese stocks have actually come off a little bit today But the currency has been okay. It's a massive devaluation in Indonesia and Malaysia and some of those other countries with their currencies as well not really has a massive impact on us But I guess the prospect of if the Fed is going to raise rates You can see more capital influence into the US as people start buying more US equities because they're then a bit more Attractive because then you get the capital growth and you get the currency growth as well So we are probably going to begin to see a little bit of a move today to the upside there If the interest rates Kind of decision does continue to go in favour of September But then you have the knock-on effect that higher rates can sometimes have on corporate earnings when they're earning money Outside of the US and that's repatriated that money back So it could be quite an interesting time for the good luck on that Marcus, but looks to be that September still on but that can change So 7561 is a potential resistance. We've got a bullish crossover in the Mac the other technicals are relatively neutral So looking at the UK 100 not quite such a great picture Interestingly, you've got a low a higher low a higher low a high a lower high lower high So probably a symmetrical triangle formation developing here, which if I go to my drawing tools on here Let's just see how ugly that might look It's not gonna it's not gonna meet for quite some time, but That maybe gives you better an idea of what we could be playing with Actually, it's kind of interesting. So Could be the bottom of this this level right here could be support potential resistance train below both moving averages Technicals relatively neutral. You've got a negative cross on the Mac D right there I guess the problem you've got with the UK 100 is it's so mining and oil and gas heavy And commodities are just not really feeling a love right now if I can put you on us You got West Texas crude just below $42 right now and copper down languishing at multi-year lows as well So that's probably not gonna help. So moving on to Japan 25 There's not something that Euro sterling is actually dumping a bit But dollar yen 124 50 back above potential resistance We are probably quite firmly in a range right here. You see a 20 87 20,000 87 being potential support 20,000 868 being potential resistance. We're just above both both the moving averages right now And you're probably gonna be looking at dollar yen, which is flattening off a bit more as well I really hope we don't get into the same Aspect as cable. We're just also a drawing 156 for a long period of time But it looks to be 124 42 as a level that I quite like so other technicals are flattening out longer-term potential resistance 126 But people are buying the yen the same haven and we really want to figure out Or is a dollar gonna be the place to put your to put some of your cash in there if we're gonna be raising rates Maybe dolly ends that Pete in the short term. We actually had some quite bad data come out of Japan over the weekend And then I heard again that monetary stimulus in Japan's not not out of the question So that would surely be devalued Devaluing the Japanese yen and pushing Japan to be five up, but not seeing a huge reaction there So they're moving on to West Texas crude As you can see there doji formation Friday lower again this morning towards bottom up is range longer-term Potential support is at $35 and that's obviously a big big level, but that's from the end of the 2008 at the height of credit crunch And you're 42 dollars is the potential support So that's for a lot of people will be looking right now crude oil is very cheap at 42 But remember it can go to 35. So here we are with gold Not really sure what it's doing because nobody can decide if September will be that rate hike or not. So we had a kind of Doji formation there on Friday. We're up slightly higher this morning off the session highs actually looking at energy charge flight spike First thing the morning only she's drift down later on longer-term potential resistance at 1137 So finishing up with a euro With dollar your dollar and GBP USD. So we have seen quite a strong sell-off And not a strong sell-off, but your dollars only come off this morning But I'm looking at euro sterling and it's dropping off as well So there seems to be a little bit of euro selling at the moment probably something to do, but Greece The amount of funds necessary to to prop up that country as well But we're at the bottom of the range today negative day there on Friday bottom of the range is now and still dropping as we speak 11 is a potential support level, but we are below that which also is below the 55 period SMA Next potential support might come at a 21 period SMA around about one spot to see one spot ten We're only about 64 points away from there right now And not a huge amount of economic data due out today either. I'm finishing up the GBP USD So sterling getting an extra shot in the arm Bank of England's Member came out the weekend. I think in the telegraph with an article about the fact that they have to raise rates sooner rather than later Because low rates for this long is dangerous So some people have been pricing in that we might see a rate hike in January February and Kearnay had a meeting Statement just not that long ago for it seemed to be pretty obvious that they weren't going to raise rates anytime soon And then it's very strange to then go into the telegraph and see an article from on the Feb in Brazil No, it might be this year So really a lot of mixed signals coming out of the third out of the Bank of England I don't think anybody really knows what they're doing in regards to as in when they're going to raise rates They'll know when they know and there's not any There's not too much forward guidance that they can give that's really accurate because people just keep changing their wealth traders and Commentators the flip-flop depending on how the macro data comes out and certainly Cable now is breaking above one spot 56 and looking at one spot 57 43 so Tomorrow a whole bunch of UK data if you are interested in trading cable We've got CPI and PPI and then RPI all at 9 30 tomorrow so that's actually a lot of beg inflation related data which could be a big driver for debates about UK interest rates and Then on Wednesday, I just not a huge amount actually happening in general But you do have to create all the material on Wednesday and Thursday not a lot There's just not really that much excitement happening even Friday very very little looking at data Looks to be tomorrow is going to be the best one if you're trading cable or the UK 100 So as ever goodness make sure you got a chart form here lots of cool analysis here I can say Michael Houston has already started to pull some of his analysis on there So get a chance to see that and you can copy it directly from here Megan says privately I going forward and join me again tomorrow to find out what happened next