 Hi, good morning and welcome to these products in focus. So we've been able to see there that the U.S. there is he has hovered just below potential resistance at 18,112 which also coincides that 21 period SMA. Retail sales came out quite good in the U.S. so we're getting some decent data that's getting a little bit of support for the U.S. dollar and we're still waiting to see what's happening with Greece with the IMF leaving in negotiations yesterday unexpectedly and that having a bit of a knock-on effect against the against the euro with Germany giving basically Germany and the IMF basically saying that Greece needs to get real about the negotiations and apparently drawing up plans for bankrupt sale of the country so things are getting a little more serious in that aspect but it's not holding back many of the European borrowers this morning that are still moving that little bit higher and the Germany 30 had a decent recovery yesterday as well so that's where we currently sit with the U.S. 30 just below potential resistance could if we managed to get a little bit of extra and later on today with the PPI and the Consumer Sentiment Michigan Survey in the U.S. that could be the catalyst that we need but we also have the Eurozone industrial output as well so we're treating you a dollar Germany 30 that type of stuff that will be impacted by those macro data events so looking at the UK 100 and burning months in the commodity market have come off a little bit very volatile session yesterday we were down as low as about 6,800 we were as high as 68 almost 6,870 and we can reverse course ever so slightly this morning off the session lows but certainly not as strong as you would have liked US 30 maybe looking a little bit better but so close to potential resistance so Japan 25 had a good day yesterday trading above that 21 pure SMA dollar yen creeping up again to 123.60 on the retail sales yesterday and that's giving a little bit of extra and for the Japan 225 as well moving on to dollar yen you'll be able to see the was actually much higher at one point yesterday stopping just side potential resistance 124.42 before getting squeezed back down again but slowly creeping higher and it looks to be the 21 pure SMA is adding short-term potential support as well so moving on to cruise more news from Saudi Arabia increasing output potentially that added a little bit of pressure on prices you're still probably looking at 5950 as a potential support level now and it's just creeping down a little bit lower to that the other technical undercares are gonna flattening out to be honest so that's where we currently sit with them then moving on to gold gold as approaching potential resistance at 1186 volatile session again yesterday off the session low still just that this level is to be strategically important as people begin to build up their positions either the next move down to 1137 or for a break above 1186 challenge 1218 and certainly any positive US data you would have thought we've had more of a negative impact on gold so it's very interesting to see that it's whether in the storm a little bit better than what I had them so your dollar creeping lower not able to break the pattern of lower highs here one spot 11's next potential support which also would be the 21 pure SMA other technicals are neutral the MACD histogram slowly moving down and taking a change momentum which isn't that surprising because it does seem to be following over there slightly moving on and finishing with GBP USD we actually have an interesting candle formation here is in it sold off quite aggressively earlier on in the session yesterday only to finish up pretty much where it closed so if those are the bottom of the downtrend that'd be a hammer formation very interesting I think a Harami they call that very interesting to have that the top end of an uptrend who's obviously been bit the sell-off due to the fundamentals only for sterling to recover a lot of lost ground by the end of the session now it's not doing a huge amount first thing this morning but one spot 56 is the next potential resistance we're not that far away they're trading above 20 period SMA we got a bullish cross on the MACD and not a huge amount elsewhere so as I mentioned already we do of course have a number of economic announcements due today the industrial production is at 10 a.m. UK time PPL night at 130 UK time and the University of Michigan segment survey data due at 330 and then if we fast forward on to the Monday there not huge amount and then Tuesday we do have CPI and Germany CPI and the UK PPI and UK and their retail sales retail price index sorry and the UK ZDW business report huge amount of stuff on there anyway so that will give you a bit of an idea of what to expect so Tuesday's gonna be a big day as well so as ever keep you on the chart forum make insights partly later going forward and join me again on Monday to find out what happened next