 Good morning and welcome to today's products and focus. So overnight Chinese shares sank right across the board The euro has rallied as your bond yields have leapt on the hope for some sort of deal to be reached before the deadline most other global equity markets are a little bit flat there And you can see the US 30 just struggling to get above potential resistance at 18,112 Not much to talk about on that market today I'll be it. We had a whole raft of data come out the US yesterday If we just have a quick look at the economic calendar here I'd ADP power perils came in broadly as expected trade balance was a better than expected But then you had a lot of the PMI data that came out naturally came out worse than expected. So State of the data was good was good to mixed And that's not really done a huge amount for US equities or help the dollar Push on higher against any of the other majors So looking at the UK when the hundred is really struggling to keep his head above 6906 Looks weak and then ready charts well same with the Germany 30 US 30 Entity doesn't really look that strong either And today there isn't a huge amount of back on the data either So break of this potential trend line would be negative from a technical perspective with 67 71 the next potential support should 6906 fail to remain intact Japan actually Yesterday was a okay day didn't quite overcome the full body of the previous day's candle We've been down again today. It looks to be that round about 2667 a short-term potential Resistance this looks like a pendant or a flag formation, which you normally get at the top of an uptrend We could be looking for some sort of breakout to be able to challenge 2868, which is you 12 15 year highs Japan to do five looks very interesting anyway Moving on to dollar yen similar can the picture consolidation that we're getting right here 124 42 is a potential resistance the tips of these candles the spinning top doji formations are indicative of Lack of willingness to move higher now that we're at this level We need some sort of catalyst and they're still you know, we could do with some really strong US data. That'd be good News of Japanese stimulus would be good But because it's had such a great run I wouldn't be surprised if you just see a slow drift and a slow bleed without some sort of Catalyst to get things going looking at Cridot West Texas OPEC met Or as meant to be meeting again actually on the on the fifth of June But there's been some Retrit coming out there as the sessions look to get started basically OPEC not looking to cut production Most analysts believe but they do think a fair value for a barrel of oil is 70 to 80 dollars They would of course say that incidentally Considering we're only at 58 59 dollars right now And we need to wait until Friday to see what really is going to come out of that session But why they expected that there's gonna be no cut in production They're just gonna reiterate what they believe a barrel of oil is worth and hoping that the market eventually Will settle a little bit close to that and we're talking about this time next year Before you maybe get something quite as strong as that very mind. It was all the other than 50 went all the way down to about 40 odd So it's got a long way back to go and version golfing pattern yesterday down again today 56 57 dollars is an extra potential support Moving on to gold gold played up on a huge amount rather than move down again So the data was mixed, but it was good to mixed With the trade balance decent ADP. Okay, obviously got non-farm perils on Friday That might be the big catalyst to get things going should the figure Come in while the different expectations comes in as expected I don't really expect there to be huge amount of volatility But a really bad figure or really good figure could kick things off especially in dolly in and gold as well So we're actually trading on the wrong side of 1186 right now. So gold looks very vulnerable With next potential support level at 1137 moving quickly on to your dollar your dollar As we mentioned is having a great run at the moment probably one probably the tip of here want to be 114 115 Is the next potential short-term resistance fall about 116? Because a deal feels like it's it's got to happen. Otherwise The the alternative is just to too much hassle for the market to kind of deal with there's just so much at stake if If they start missing these these payments it opens up a whole can of worms So it might be compromise made that would be beneficial to Greece But the bottom line is should a deal be reached by Friday, which it should be The euro stands to benefit and we're still at 112 40 Which means there's still plenty of upside potential certainly more upside than downside unless of course There's no deal in which case expecting extreme volatility on your U.S.D So you've got number on pearls and Friday You've also got the deadline for Greece to pay back the money To the IMF so they're going to use on to get that 305 billion 305 million euros necessary for that repayment and The move you've been seeing and euros perhaps indicative confidence that that payment will be made Moving on to cable Cable had a very strange day yesterday for it started good sold off strongly And then pretty much finished where it started only to drift lower again this morning looking at today It's flat to lower and between two moving averages 2155 period as ever one spot 54 24 is potential resistance one spot 51 85 is potential support other technicals are relatively neutral Pressure remains there's not a huge amount of data today if we just have a look We've got industry announcement, which is going to be as expected and You've got employment claims at 130 That's usually as weekly Better data that'll be quite keenly watched and if you fast forward on the Friday manufacturing data industrial orders from Germany Employment non-farm pearls obviously huge huge number to be aware of And everybody will be looking at that make sure you join our webinar Tomorrow to find out more keep you on the chart for lots of cool analysis here from Michael Houston and Jasper lawyer These are two UK analysts and Michael in particular likes FX and you can see euro Aussie and your yen he's been talking about and Insights make sure you make that part of your layer and join us again tomorrow for the big non-farm pearls day to find out what happens next