 Hi, good morning and welcome to these products and focus so big guess the biggest news today is that Greece are not going to make their IMF payment today of 305 million euros They've deferred it to pay Over a 1 billion euro payment on the 30th of June Which kind of just came at the blue came out of nowhere So we're gonna pay all four tranches in one go at the end of June and obviously gives more time for Further negotiations. That's a bit of a cop out to be completely honest but There's a more data come out of of Asia. I think we've saw the Chinese markets spiked up As there's still greater hopes that there's gonna be further stimulus out there as the latest data releases more in Asia again disappointed What you've seen there is US 30 ticking down a kind of a cautious approach before today's non-farm perils Thing is probably expected to come in around about 200,000 odd anything above 250 or below 150 would would be enough to shade the tree a little bit, but very negative day yesterday As in it's quite firmly a bearish engulfing pattern. It's drifting lower again this morning European Germany 30 and UK 100 markets Also drifting lower this morning 1795 is an X potential support Mac D's crossing the zero line the other technicals are relatively neutral To be honest, it's all about non-farm perils What typically happens is nobody places that many trades until they know exactly what's going on So things quiet and down all the markets gonna flatten out a little bit So don't be surprised if you see that happen today You can see here that the UK 100 chart looks particularly ugly. We've been talking about this breakout for a good couple of sessions Well, it happened yesterday. It's following through again today 6771 is the next potential support and you break this you break this trend line that that is usually Proceeded by a lot of downwards pressure. So there needs to be something quite spectacular coming out of non-farm perils if we're gonna get a Decent spike up and to be honest, even if non-farm perils came out and blew away everybody's expectations People the market still might react negatively because they might go well interest rates are definitely gonna increase So let's take some money off the table. So it's better cash 22. You just can't really tell if the number just comes in Okay The market might recover slightly if it comes in wait if it comes in really really strong Then that also can check things up a little bit as well. So moving on to Japan 225 Not doing huge amount dollar yen creeping up 124 50 Japan 25 isn't worth kind of really looking at because in the middle of two ranges right this second Moving on to dollar yen dollar yen still bouncing around 124 42 longer-term potential resistance 126 Obviously, this is going to be important for non-farm perils today Depending how that figure comes out Moving on to best exit crude is coming off again. OPEC meeting today widely expected to keep the To keep pumping production at current levels and that's caused a bit of a sell-off We're almost kind of getting into kind of a range here incidentally But I say the fifty seven dollars potential support followed by 54 85 I'm not entirely quite sure what time that OPEC session finishes up or how they report what their oil production Details are but you'll soon see it move in crude oil with Texas as it comes out. So looking at gold Gold obviously taking the lead that non-farm perils is going to be on target to good That's why we're seeing this kind of that that sell-off once we get below the tips of these candles right here 1137 is the next potential support gold is the one to watch it if Non-farm perils comes out really weak really strong at 250 plus I think gold's gonna get smashed very interest rates specific. Obviously. It's got a big dollar connection as do all commodities And it's already can week almost got a death cross here in the moving averages and the MACD's firmly Below the zero line and the other technicals like the RSI and the source to cast it kind of show that there is further room For downwards action So finishing up with your dollar and GBP use the your dollar very strong horrible looking doldge formation bond yields really dropped off big reversal and bonds yesterday obviously pressures off the the euro a Little bit because we differ in the payment there until until June Well, I say the pressures off they've not gone the resolution that the euro probably would have really liked which is you know Everything's all all Rosie in Greece. So that's making the euro come off slightly obviously with my brown pearls as well But this is an ugly technical signal to have Burnley graveyard doldge formation. So finishing up with GBP USD Surprising strength from sterling because there is not been a huge amount of data. I think there was some sort of inflation a date that came out of UK recently there's like slightly better than expected, but yesterday we were much higher 154 24 before we dropped off a little bit So we've not had that that Proper reversal it does look like it did bounce off that support level on spot 51 85 It's also coincides with the 55 period SMA. We need to get above 154 24 before we can reach challenge 156 So we talked before make sure you have your alarms and your alerts set for non farm pearls We do have a webinar today as well with Michael hueson You go to support and you go to live trader events and just sign up the non farm pearls webinar He'll give live commentary at 115 to 145 UK time And we wait to see if things kind of finish up We don't have huge amounts else if we fast forward then on to Monday You've got Chinese trade balance is going to be important as ever and you've got German industrial output as well So keep you on the chart form as ever make insights probably going forward and join me again on Monday to find out what happened next