 Hi, good morning and welcome to today's products of focus both global equity markets are trying to recover following from a Friday sell-off and a little bit of a bounce back last night But then moving a little bit lower this morning with 17 895 coming up as the next potential support and 70 maybe about 18,000 be the next potential Resistance and we had one of the Fed members a Fisher and his last FOMC speech last night where he advocated the Getting a faster increase in interest rates So that is happening sooner, but less deeply than leaving it to later and then having to accelerate more aggressively So that's had quite a big positive effect for the US dollar. We'll come back to that in just a second So looking at the UK 100 Not such a great picture. Actually, I'm surprised we didn't have that same bounce back We had in the US stock last night But we're broken below the 21 period SMA below 6906 and now the next potential support is at 67 71 We should probably cool inside with that 55 period SMA once things catch up other technicals are relatively neutral Trending downwards right there. In fact, the UK 100 looks particularly ugly even versus the Germany 30, which is still moving in the right direction Japan 225 Down to the volatile session yesterday, but we have seen a lot of movement and dollar yen overnight So a lot of yen weakness which should be actually helping the Japan 25 to push on higher And this is obviously recent recent highs, but looks to be the 186 48 is a potential pivot level potential support level The markets might be looking for a springboard to move higher Which also might coincide with the 21 period SMA, but that is a bearish and gulfing pattern We're getting on the candlestick formations right now We've got a bearish cross on the MACD a cell signal is supposed to cast take and we're just about to get a Technical cell signal from the RSI as well So it doesn't really look that great if we get closed below 186 48 and that could open up 18300 but we're not there yet. It has already had a bounce this morning So if ever look at that dollar yen, you can see it's come from comfortably smashed through a previous resistance Breaking above 122 for the first time Since 2007 reached the highest since 2007 there anyway 124 42 the next potential resistance level looking at this right now It's been a number of months in the in the in the waiting since start of December there It's tried to break on higher and that comes after an unbelievable rally point that we had there Starting towards the end of summer last year. So the dollar advancing across the board Dolly yen was particularly vulnerable, especially as they are embarking your own stimulus measures across there But let's come back to the euro in a minute as well because obviously the ECB just started at their own stimulus measures there this month So looking at West Texas Crude Still moving the sideways sideways market $50 seems to be it seems to resonate around that level Not really expecting anything else to come out of West Texas over the next couple of sessions And could of course we might get crude oil inventories tomorrow But that's not been having a massive impact the last couple of days gold has been the Probably the worst hit as of this Potential rate hike that we might be getting in June, which is a month that everybody keeps kind of bandying around Is getting absolutely smashed just now I'll down lower again today 1137 is the next potential support level any piece of US data I think you have to wait until Thursday before you get anything quite that decent And then we do actually have Some ECB meetings on on Thursday as well. So whole raft of stuff to come out Moving on to your dollar. You can see that your dollar is just hitting one spot zero seven eighty six Which is that support level from from back in the day I think it's about 2003 if we break below that then it opens up one or two twenty three and then we're looking at parity after that So the fundamentals for the euro is aren't is not really that strong right now And the dollar is definitely opening up a fear lead against a common currency So moving on to GBP USD we had a little bit of a rebound yesterday down again today One spot fifty one eighty five is potential resistance one spot forty eight thirteen remains to be the potential support Technicals are neutral But the MACD's just crossed the zero line You're obviously trading below both moving averages could be a death cross happening there at some point As long as we stay below one spot fifty one eighty five the pressure will remain on a cable going forward So we already has the data come out of the out of China So their inflation data came out better than expected. So it's one point four percent for the CPI versus zero point nine expected There's not a huge amount else due today Neither on Wednesday, actually, I think you've got cruel inventories. That's it And then you have to go into Thursday before you've got a rafter German CPI You keep trade balance you got your zone Dutch a production US employment claims US retail sales So we do have a fair amount of Macro events of Thursday and that's when people look for additional confirmation as to the non-farm payrolls figure being strong Let's see if they can follow up in historically the macro data coming out of America has been pretty mixed to say the least So Thursday would be a big test as I ever keep you on the chart for them make insights Probably a going forward and join me again tomorrow to find out what happened next