 Hi, good morning and welcome to today's products and focus US markets They were treated quite a fair bit there on Friday down at the bottom end of their scale today Roundabout next potential support at 17 034 some poor data out of China this morning Their PMI figures came in at 49.7 dollars To give them a little bit of a backseat as well With gold spiking higher and crude actually having a good day there on Friday But it's come down a couple of percentage points this morning US markets looking a little bit tired as we discussed before this is looking increasingly like a like a descending triangle formation a break of 17,000 and 34 would be significant for the US there in the short term opening up a move much lower towards 16,000 So looking at the UK 100 a very negative start for the UK 100 bearish and gulfing pattern Down a fair fair bit this morning first thing Actually, the UK market is down particularly hard this morning With the next potential support at 66 86 That's quite a bad technical technical sign The MACD is almost crossing over Almost everything else is showing negative from that perspective. So we're looking at 66 86 the next potential support on there And as you'll be able to see Japan 225 Negative session there on Friday Matter of fact, the UK 100 candle looks a lot like Friday's candle And we are looking at a potential support there at 17 496 dollar yen Drifting a little bit lower actually obviously people buying up yen as a safe haven In the back of a little bit of uncertainty and we actually have a look at that dollar yen position You can see that we had broken through that potential support Which have been a consolidated phase for quite a number of sessions So that's actually significant that we brought down below that is actually at one 16 spot 75 so that's a decent break now has moved into positive territory, but Dollar does seem a little bit weaker just now people are looking more for safe havens today On the back of that week data from from China and a little bit of uncertainty over Greece as well So West Texas cruise short squeeze apparently there on Friday as the dollar began to lose momentum This isn't necessarily a whole bunch of oil refiners as well. I've just gone on to strike So this isn't seen seen necessarily as something too significant But it's one of the biggest moves to the upside that we've seen for for some time But there's not been any fall through this morning in fact crudes down about 1.4 2% already But I had a monster day there on Friday to recover a lot of what was lost I had been sitting around about 44 when all the way up to about almost 48 dollars So that gives you an idea of the significance of that move But it does feel a bit transitory some analysts think in the credible text is that this is it the bottom has been has been met But I don't know if you can say that after just one one day short squeezes People start take some other short positions off the table might be there's no excuse for them to reintegrate those again So then moving on to gold gold had a great day there on Friday safe haven status back in back in Vogue and obviously dollar weakness Surprising well it was the US GDP figures on Friday that they're really Shook the the world markets and that's where the dollars a little bit in the back foot And why safe havens are back on play The European markets not quite so heavily hit because of quantum easing but the US definitely looking a little bit shaky this morning So gold probably eyeing up another move towards that 13 that $1300 level. It's not quite there yet And it's just to stop them in the tracks. So we did have almost a Bullish and golfing pattern right there, but it's not followed through Technicals are actually negative, but that's not surprising after Thursday's FOMC data Causing that move to the downside, but with GDP figures quite weak. It would be interesting to see If the FOMC are quite so bullish Proceeding those bits of data coming through and your dollar is now floating around about that one spot 1324 level Not that the euro is looking that strong But the dollar is definitely taking a bit of a backseat because people already have been pricing in this whole idea But the US rate hike soon rather than later is looking less likely with every bit of weak macro data at the US It probably will still have a little bit of weakness to come through because the the euro zone obviously is in the toilet And you do a constant easing the program is just kicking off. So I'm not sure if we're ever gonna get back up to one spot 1642 anytime soon Which is next potential resistance. So the most obvious path is towards one spot is your 786 But it's it's not going there without a fight and the US is it is not following through with its pledge of being a stronger economy So finishing up with GBP USD Floating around to two levels looking a little bit Kind of heavy down the sand still one spot 4813 is a longer-term potential support one spot 51 85 as a potential resistance Accommodate wise is a whole day of PMI. You've got German PMI you use on PMI UK PMI and US PMI I'll expect it to come in these decent levels apart from this one right here, which is 39.5 That's not a great level instantly But make sure you've got a recurring alert set on those and China is already disappointed They were expecting something over 50 actually and it didn't come in came in below 50 That's actually showing a contraction of his below 50. So that's a very weak number from China fast forwarding on to Tuesday You've got the UK housing index and you can finish up with domestic and not industry sales in the US and let's move on to Wednesday loads of more PMI data Coming out for the Eurozone and everything else and we finish up with ADP power perils because it is as non farms this Friday and Then you do have weekly petroleum sales to later on the day So a fair amount of information about Wednesday and as well leading up for non farm perils on Friday And as ever keep your eye on the chart for making sites probably are going forward and join me again tomorrow to find out what happened next