 Good morning and welcome to today's products in focus. Last night we had some more details coming through about the potential greed deal. Today is pretty much a very important day of negotiation between the eurozone leaders and Greece. The potential bridging loan has been approved by Germany and that's having a bit of a dampening effect on many other markets right across the globe. Now we had some actually quite impressive US data come out yesterday in regards to their unemployment claims which was a little bit better than expected. So the latest kind of data coming out of America has been a real mixed bag and that's what's causing all those volatility. So we were doing a lot further at one point during the US 30. We ended closing bang on the potential resistance at 17,000. This is 18,000. Today we're still up there just now. The NASDAQ I think has reached almost I think 4% away from the all-time high which would be even above its tech bubble a year 2000 high that it made as you know people are still looking for growth stories out there because the yields are not that great right across the group. So there are still further gains to be eked out in the global equity markets I think depending on how the global macroeconomic picture goes. China is obviously going to be a big part of that but the the American macro data is very keenly watched. We've seen some emergency moves on the US dollar overnight in the back of those jobless claims which usually because weekly figure it's not usually a big deal but after the double chef OMC you know people latch on to any decent data coming out of America and immediately go oh they're going to raise rates sooner. As soon as anything negative comes out I know they're going to delay those rate hikes. So I don't think people really have a real handle on exactly which way the Fed is going to go. Even they themselves have given a little bit of mixed signals they've hedged their bets I think so there's nothing definitive for setting stones. It makes it a little bit harder to read but if you look at this in context the US 30 is still trading near and all time high there so things are still looking pretty good. So moving on to the UK 100, it's a very similar picture still within this ascending triangle formation we could do with the close above 6906.8 to really push on getting closer to 7 that's a logical 7000 round number. If we move on to Japan 225 now the yen's been strengthening slightly overnight there was a bank of Japan Governor Karoda has been speaking about the Japanese economy and how they're going to tackle inflation that's caused a move to that. So we actually broke through potential resistance at 18306.5 we're still firmly in this potential channel that we've had on here for some time. 18306 could be a potential springboard for Japan or a bridgehead for Japan 225 to push on higher feeling that we get a close below this level tonight and that basically means that all bets are off and that there could be quite a significant move to the downside before we reach potential support so hopefully Japan 225 maintains its momentum. It's getting hard to get excited about a dollar yen it's not been doing anything for the last couple of months. You are in this wave formation the waves are getting tighter. Arguably we could look to draw a level here kind of hopeful that this is going to be a trend line support but I'm not that I'm not that bullish in fact I can probably get rid of many of these other support and resistance levels because we are a long way from any of these currently I'll help tidy things up a little bit everything's all flattening out right now so this needs a bit of a catalyst either America needs to do something or Japan needs to do something but the and the FX world's dollar yen is no longer that exciting so if we move on to West Texas Crude we had a bullish day yesterday there's rig date out today which is supposed to show a reduction in available rigs for hire for them to do more exploration which is going to have a positive impact or traders will look at as a positive impact on on crude oil prices albeit obviously they're the effect of those rigs wouldn't be felt for quite some time but no less the markets are taking bullish momentum from from statements like that cruel inventories were we're quite high as ever but we are not yet on the right side this is if this was a recently in triangle formation we are on the wrong side of this potential trendline was support now expected to act as resistance moving on to gold gold had a bit of a shot in the arm after the devil chef emcee but as you can see it's completely reverse course once again on the daily charts right there this is a pretty bad candle to have there yesterday all over the place incidentally as you thought began to gain a little bit more strength after those jobless claims numbers that were way more bullish than what the market had expected gold can't kind of catch a break as pretty volatile 1218 still potential resistance this is a real ugly candle formation to have with a failure to break through potential resistance we live in 86 the next potential support level and we move on to your dollar the euros getting hit a little bit harder as that debt and today is the day that is supposed to make some sort of deal with with Greece I think it's actually about two weeks in fact before they get to a final final meeting but there's an important session today potentially trying to sort out this bridge loan for Greece but as said Germany's playing hardball if this is a symmetrical triangle formation this candle here is not good news if we close below this that would be a technical break and that would potentially put up a move towards one spot 11 and then we've got a cable and cable had been on a good run on the wrong side of potential support slash resistance one spot 54-24 today's clothes is going to be very interesting it needs to stay above there if we have a shot of recharge in one spot 56 if we have a look at the equipment data there's actually a fair amount of European and UK data out which would be good for your dollar and cable hopefully you've got German PMI you've got yours on PMI and you've got UK retail sales and public finance data due out and we fast-forward onto Monday Monday you've got more German data business survey IFO business expectations and existing home sales and then on Tuesday you've got GDP in Germany house price data again from the UK and then you've got CPI from the Eurozone and then you've got to finish things up you've got CCI from the US so you got a fair amount of data Monday and Tuesday next week not an unbelievable amount today but perhaps enough to keep our head above some major support and resistance levels and we join me again tomorrow not tomorrow join me again on Monday to find out what happened next