 Hi, good morning, and welcome to today's products and focus as you will to see there the US 30 managed to hit another all-time high There yesterday Only to drift down towards the end of the session has been quite volatile across most equities As Janet yelling give her testimony yesterday Some looked at it being quite quite dovish, but she also Kind of ties in interest rates as to job growth So there's a little bit of dollar positivity in there equities have responded relatively well to the statement as well You're throwing the fact that the the Chinese data Just CPI inflation data today Actually came in quite quite good. So not not stellar, but certainly a little bit above expectations there So we're currently trading above potential resistance at 17 1075 only just as most global markets are trying to claw backs and losses that they made later on in the session yesterday, but very volatile across the equity markets, obviously we had Goldman Sachs and Citibank and JP Morgan now having all reported and certainly speed at the financials looking quite healthy So you've seen some decent gains in Barclays a little bit of love and Lloyd's but not not a huge amount And obviously Intel are reporting quite well yesterday as well Their shares were up 4% and IBM and doing a deal with Apple as well So there has been a little bit of a little bit of positivity out there Even when the markets are already trading at quite a high level You can see that the UK one hundred has remained quite quite volatile right there And we are coming up quite close to potential resistance at 6774 or the potential support remains at 6713 Looking at Japan 225 It looks to be that 15,488 will be the short-term resistance to breakthrough. We're back inside the symmetrical asymmetrical triangle Sorry ascending triangle formation But really this is level to look at and the way that dollar yen has been going Recently it's slowly creeping up higher there again So the yen is losing a little bit of strength should be helping to support Japan 225 if I haven't look at that dollar yen position We're coming up quite close to that 21 period SMA We're a fair bit away from one-on-one spot 35 Still a bit of a downtrend that really we want to be getting Above one or two if a dollar yen's gonna have any hope of breaking out of this kind of slow bleed that has had for such a long time So cruel with Texas has been a real conundrum over the last couple of sessions Just before yelling to test me maybe we're at about what 1 p.m. UK time that young testimony was at 3 p.m Oil started to to shoot back up again And you just see that this candle he was storage the negative hit bang on the potential resistance in that $9 Which is like from a technical analysis perspective And they're closed just below potential resistance. We're having a retest that resistance right now at 100 spots 61 So what I've kind of found out a little bit more about cruel now if you take if you strip out all the Middle East Fundamentals Ukraine Iraq Libya blah blah blah people are now looking at crew bus Texas as a barometer of global kind of growth Potential and the fact you know obviously a lot of people a lot of commentators are thinking at the markets a little bit Hoppy right now usually when people say that there's a slow grind higher for a couple of months But who knows But incidentally when you look at crude oil with Texas and you see the prices that we're seeing now on the backdrop before equity pricing is at the moment Some may look at crude oil as an early warning barometer as to you know, if there is this Ability to have further growth in the future wise crude oil coming down so much And you're talking about you know a decent 10 12 13% drop from the high just in June So, you know, that's a very interesting story itself, but this candle here is very interesting From a technical analysis perspective is very very strong hammer formation be interesting to see if could can get above 100 spots 60 so gold Not really doing a huge amount bouncing around about that 1295 Getting hit that a little bit harder on the back of the Ellen testimony Has it inadvertently helped to support the US dollar because of time the interest rate decisions to job growth and job creation And the US has been quite good. Even if you strip it all the other I come a day that's been coming out You know, nonetheless Janet Yellen said that the law interest rates will remain and play for as long as the US markets needs them And certainly if you look at your dollar, which we're looking at in a second It's you know, the dollar is wrestling control from Europe right now This 1295 level is pretty critical for gold and we're bouncing up to 55 pure SMA as well So let me look quickly your dollar. It's just broken one spot 3568 potential support That's bad news for your dollar in the short term because the technical breakout You'll be looking at the next potential support at 35 12 if not 34 55 is the next longer term Potential support and that was a broken resistance will be back last August finishing up with GBP USD had absolutely blinding session yesterday only to actually hit You know multi-year high as I say two and a half year high anyway, I'm sorry It's playing further than that But we got pushed right back down again, and we're struggling to make fresh fresh end runs there. So The CPI inflation data from the UK was well beyond expectations Greatly increasing the chance for an interest rate rise this year, but the markets, you know one spot 71 80 or one spot 72 in fact is having multiple chance to try and break through it But it's really struggling so in regards to a Chinese data I should apologize. It was GDP industrial production everything slightly ahead of expectations You know not amazingly so but better the expectations as a bonus UK wise we've got employment and jobless claimant rate due today through cable trader. That's gonna be really important And you also have cruel inventories which haven't been that important recently But the way that credit is right now. We were looking at fast forward on the Thursday You can see you got a whole bunch of your own CPI that'll be important for your dollar jobless claims also important for your dollar And the fellow Fed number your dollar Is pretty interesting right now. In fact, we've had this technical break here This is where a lot of effect trades will be looking make sure you keep it on the chart form as ever guys It makes you make insights for your layout and join me again tomorrow to find out what happened next