 Hi good morning and welcome to today's products and focus so we finally had our first rate hike in almost a decade in the US and the markets have actually reacted with a lot of cheer so most of the global equity markets are actually trading that little by higher with the US dollar obviously making a little bit of enrhoads but nothing too excessive because it was one of the most telegraphed rate hikes in history. Everybody knew what was going to happen and it finally came through. Yellen gave a conference at the end basically talking up the strength of the US economy and most markets have taken a stride apart from crude oil which obviously has taken a bit of a knock it's trading back down towards $35. This is where we are just now with the US 30 just about to get through 17747. Long-term potential resistance will be a 18,112 briefly followed by a move beyond 18,284. Then let me look at the UK 100 it's pushed on the even higher smashing through 6,073 a little bit of follow-through this morning off the session highs almost got bullish crossover on the MACD other technicals relatively neutral. We did have a buying signal on the RSI and maybe the slow to cast it earlier on but we're a little bit away from from both the support and resistance we're almost trading toward in the middle of two ranges right now but that's where the UK market stands. Then looking at Japan 225 a similar picture to the other markets a decent gain yesterday again off the session lows so highs this morning maybe potentially capped that 21 period SMA in the middle of two ranges once again. Then having a look at dollar yen the dollar not like completely going on fire yesterday but still pushing up a little bit higher again capped that 21 period SMA 121 spot 87 could be potential support next potential resistance 124 42. Then looking at West Texas Crude you can see the candle from yesterday after FOMC pushing it back down 35 30 we're in the wrong side of potential support right now we're currently trading around about 35 15 the next potential support is all the way down around about $27 so if we do see an acceleration of that downtrend $27 is the next potential support though the way the equity markets are right now you might expect that that the demand fears and the slowdown fears are not so prevalent some might have expected the US 30 actually dipped down ever so slightly but the reality is if the raising rates that means they must have a lot of confidence in the strength of the US economy which is adding to that net positive for for US stocks so gold interesting they actually went higher yesterday following FOMC only his drop back down again so 1,072 potential resistance and that's capping gold prices from going up any higher at the moment so looking at your dollar and GBP USD so unsurprisingly your dollar reverse course is almost bounced off one spot 08 19 this morning which also be quite close to that 21 period SMA you've got a potential reversal signal on the slow stochastic and we could be getting across over the MACD is the MACD histogram is actually moving down there getting smaller getting ready for that crossover so if that does break one spot 08 19 the next potential support is at one spot 05 24 and I finished things up with GBP USD you can see there that's four sessions in a row including today where we've had negative breaking below one spot 50 27 with one spot 45 59 being the next potential support other technicals relatively neutral we do have a negative crossover on the MACD so I come with data why today we still have UK retail sales half 9 UK time and we've got US unemployment claims at 130 and then fast forward on to Friday no data no data for Friday that would be pretty surprising I guess we've gotten all the big ones out of the way so that gives you a bit of a flavor of what's impacting the markets right now I guess the question is what's going to happen now with the who's going to raise rates next I guess you got the Bank of England you could be looking at with the Eurozone obviously they're talking about not doing QE so they won't be raising rates anytime soon but I guess focus will be turning to the UK I can even see that one of our colleagues there in Australia has mentioned about the Bank of England there as well so maybe get a chance to have rid of that keep you on the chart forum guys make insights part of your late going forward and join me again tomorrow to find out what happened next