 Hi, good morning, and welcome to today's products and focus as we all to see there the US Theory has continued to soldier on fantastic end to the session yesterday as FOMC is pretty much falling through with the with a promise of Come back to me, but lower interest rates for longer. Obviously we'll know 100% for sure later on tonight 7 p.m. UK time But the markets are taking their cues early from Some comments kind of trickling out of those sessions which actually started yesterday More good earnings from the US sans Facebook, which didn't do quite so good Don't learn about 8% last night But nevertheless, I think it's about 73% of US firms that have reported have actually beat expectations And that's up from around about 65% in the previous couple of quarters. So earnings have been good Lots of people worried about global slowdown impacting the US economy It's really not happening yet and that positions us there to be a stone's throw away from it's all-time high at 17362 we're not a million miles away from there right now, and we've got a technical breakout And we might expect 16 9 69 to act as new potential support But the US dollar on the back of that is maybe probably looking a little bit shaky Because obviously lower interest rates for longer will derail the Value of the USD ever so slightly but we'll come back to that in a second So you came in hundreds soldering on not anywhere near a prettiest picture as the US markets 64 63 the potential resistance right here potential support 63 90 technicals are neutral Seeing it this morning. It's just grind up higher US 30 moving higher as well in tandem Japan to do five did quite quite well. I'll be I think the Japanese government can be revising some of their growth forecasts But decent technical breakout above 15488 Now coming quite close to that 55 pure deaths in May targeting 15 828 is next potential resistance Technical show further room for maneuver things probably looking a little bit brighter for the Japan to do five the next couple of days So looking at dollar yen Dolly is not really doing a huge amount Mainly because obviously the dollar has been coming off a little bit because the FOMC But then the end's not been doing too great either because of these revisions and their growth forecasts So I expect not a huge amount to be happening unless obviously the FOMC completely surprises later on tonight Moving on to Cuddle West, Texas Not really doing a huge amount. I'll be we have we have ticked just slightly close to 80 the last couple of sessions Pressure remains global growth forecast not doing anything. That's spectacular All usual fundamentals of the cover in the session are still in play and goals Not really that exciting either to be completely honest trade in between two ranges There's nothing really going to be happening that much or FOMC comes out as expected and gold is going to Take a little bit more of a of a bath 1218 support potential resistance at 1241 And moving on to your dollar Your dollars slowly grinding up higher Unable to break two potential distance one spot 2746 a break and close above that would open up 128 61 But looking at it from the daily perspective. It's completely flatlining that resistance. So Euro hasn't exactly had a lot of love the dollar obviously a little bit in the back foot So until one of them becomes a dominant force You're probably going to see a little bit of sideways moving markets going forward and similar picture to GBP USD I'll be UK GDP figures came out slightly better than expected It maybe has a little bit of a head start on your dollar if we start getting some decent UK data But we do have some interesting bits coming out today. Now, obviously it's on the market calendar here at the moment But the FOMC is at 7 p.m. UK time tonight and that's when they'll talk about when they'll actually confirm about But the QE3 are they going to scale back the last part of the bond buying program the last 15 billion and What are the actual full comments going to be regarding? interest rates in the US and We do have crude oil inventories as well due to 30 UK time Which will be keenly watched for people trading West Texas crude last time the figures came out much higher than expected Which caused a bit of a rung on oil better drop there So keep your eye on the chart forum as ever make insights part of your layout naturally before I finish up Let's have a look at Thursday. We've got an issue wide housing price index German employment Eurozone business and consumer Confidence surveys and US GDP and jobless claims. So these are the figures here that many traders will be looking at I just want to make sure there that I've got my Recurring alert set on GDP don't want to miss about that one and join me again tomorrow to find out what happened next