 Hi, good morning, and welcome to today's products and focus well after the bloodbath of the markets yesterday following the Swiss National Bank's decision to remove the Euro Swiss peg We actually saw 30% swing in that FX period yesterday and that caused unto a volatility across many other markets specifically we've seen Huge jump in gold as well jumped about 3% a huge volatility markets up one minute down the next But many European Euro focused equity markets getting a little bit of a shot in the arm because the Euro Dramatically depreciated on the back of that news as well hitting an 11 year low against the US dollar And the US dollar is actually retreated right across the board as well So it gives you a bit of an idea about how bad the Euro got hit yesterday So the US 30 trading below multiple levels of support now 17361 you're probably looking down here now And then I'm gonna go ahead and get my drawing tool on there at the US market not doing so great versus some of the other markets It's certainly underperforming The Germany 30 for example was over 10,000 yesterday But the US 30 is coming off a little bit more obviously part of this news from Specialist national bank is now really looking to the fact that January 22nd. They very very widely expect That Mario Draghi is gonna come out with with QE on that day And he just couldn't hold a cap any further So this shows his volatility on the UK markets are quite a bit different to what we've seen on the US 30 That's just kind of grinding lore We actually managed to finish the day positive positive We're down a little bit today, but 64 15 could be potential support on the interday charts Things are not looking at 100 that great So I think we might we might struggle for the UK 100 to break up the little bit higher today And we do have a whole host of economic data due at your zone data CPI data at 10 p.m Today followed by a University of Michigan consumer sentiment stuff in the US and obviously CPI from the US as well So there could be a lot of effects related moves Japan to do five lost all of its gains yesterday on the back of the Volatility from the Swiss National Bank. We've got a slight hammer formation there in the candles Dollar yen briefly hit one well didn't yeah, but actually hit 115 yesterday So that safe haven yen resurgence in the back of the volatility is not helping Japan to do five We're pretty much looking at 16 392 is an ex-potential support level as ever. So looking at that dollar yen position You can see the it's not quite a feel bearish in government pattern, but close enough if I slept banks this morning about 1472 which was a support from quite quite some time ago Will be the next level this does not look good from a technical perspective across in the zero line here We're not quite yet oversold in the RSI slow to cast it there So there could be further still to go depending how this data out of the US comes later on today So West Texas crude shot all the way up to above $50 yesterday only to then completely reverse course as you can see here this candle That is also an ugly technical signal not a very nice candle to to post also closed down towards the end of its As trading range for the day We're flat lining so far just now at 4650 on West Texas crude I as ever you know 35 dollars is still that longer-term potential support And this is a bad candle to have so pressure remains on West Texas crude with job losses being announced in the UK from BP Up in Scotland about 300 jobs 200 full-time employees and 100 contractors That's probably just a tip of the iceberg if things continue the way that they're going so gold So last time the Swiss National Bank Had done some interesting things with their currency and gold had a massive shot in the arm the worry for from a few of Swiss and plot of Swiss Investor as your currency just just appreciated 30% in about five five seconds To actually finish 15% stronger by the end of the day, so obviously it rebounded Gold is seen as a perfect hedge against inflation So undoubtedly there's been huge amounts of gold buying going on and in Switzerland And obviously the safe haven appeal of the dollar weakness and everything else Has caused that massive spike up. So we've broken above 1254 that's a broken resistance now expect to attack that as a potential support level So it could be a springboard for the future So even if you go back to historical support and resistance levels here Arguably you could take the tip of this candle. You could still be looking at 1273 level So that was a broken support and now expected to act as potential resistance But this is very interesting move anyway on gold. It's most like I've seen in it for some time So we finish up with your dollar You can see there we managed to pull bang on one spot 1642 We probably think about where the next level is I guess some people thinking about can we ever think about parity for your dollar? This year We know we're only 16 cents away from it. So it's not an absolute impossibility You've got to go back quite some time. I might have to let me just Max this out right here. So as you can see here, this was 2005 lows that we broke yesterday About and you might even need to go into my monthly chart to put that into perspective our next potential level Could be Well Depending on where you take it is probably got to be at 107 and then Another level there one or two maybe And then things get a little bit more juicy the closer you get down here and that is pretty much just below the level one 9635 if things obviously continue in that fashion, this is a monthly chart I should point out so if I jump quickly back on today onto the daily charts there It gives you better flavor of what to expect So one spot 1642 will it act as a potential resistance stopping your dollar from recovering? Well, we do have a whole host of European data CPI due today Obviously 22nd of January that we've talked about a lot is the next Potential announcement for QE from the ECB so finishing up very quickly for GBP USD bouncing around one spot 51 85 Volatile as ever crossover in the MACD should be bullish Maybe ones one spot 51 84 could be a springboard to target one spot 54 24 But depends what happens with today's US data because they've had a couple of misses in the last couple of sessions Keep your eye on the chart form as ever make insights part of your late going forward And if we fast forward on to Monday because today we do have quite a lot of stuff not a lot happening Monday Tuesday as any W business report and PPI from Germany, and that should be enough to keep you a Euro dollar on its toes until next week in which case join me then and we'll catch you again on Monday