 Hi, good morning, and welcome to today's products and focus so having a quick look at the markets You can just see how volatile it was yesterday with the US 31 point breaking above 177 47 only to get pushed right back down into negative territory away away from the session lows, but still a horrible technical signal to have especially when you've had kind of a negative candle here and a Bouncing negative candle and then yet another negative candle coming off such a turn around so today the equity markets Probably are going to look a little bit pressured from a technical perspective We're trading below that 21 period SMA approaching the 55 near 17361 The other technicals are however, relatively neutral, but there's not a huge amount of economic data out today actually But we'll have a look at that in a second Looking on to moving on to the UK 100 You can get an idea about where we are just now and this is this is looking pretty pretty ugly too Commodities are getting smashed at the moment. So you've got crude oil down below 37s We're at 3690 at the moment for West Texas crude Gold is it's not so bad. It's a 1073 copper is near multi-year lows I think there's a there's a famous white as commodity index Which takes a basket of commodity products together and is that 13 year lows? So if you look at most minors in the UK You've got Anglo-american, real-tental, BHP-Bellington Look something like the Longman, you know, they're all nursing 50% plus losses so that gives you a bit of an idea the pressure that the per-old UK 100 is under and The way the US dollar is going right now and raise a kind of a specter of increasing interest rates It's adding a lot of pressure to the UK index. So we're at 60 73 as the potential support. We're currently at 6095 and You know a break and close below that opens up a potential technical move towards 5770 Depends very much where you think commodities are going to go are they going to keep on dropping? Are we going to get a sudden turnaround? That's going to be a big driver for the UK market So then moving on to Japan 225 This is accelerating down lower again. We're actually broke below 19,104 We've already had that retracement back up to to try and Re-challenge it and it's been pushed back down again So the next potential support if we get below that 55 period SMA of course 18,648 So dollar yen Dollar yen the USD is not getting a lot of love and you can just see that move in the dollar yen last night That is a very bad massive candle. It's not as big as this one mind you But still that is a very very negative candle to have on dollar yen So we've broken below 121 spot 87 the next potential support will be one spot will be 120 Spot 55 and we can see we're pretty much hugging that 55 period SMA right now So 121 spot 87 should now act as a potential resistance that support has been broken So moving on to West Texas crude We're below 3750 next potential support 35 spot 30 again ugly candle from yesterday We had managed to rally up only to get pushed right back down again towards the end of the session Then having a look at gold Some of picture gold managed rally in the back of that USD weakness But getting pushed right back down again hugging that 21 period SMA and potential support at 1072 it's been in play for a number of sessions So finishing up with euro dollar and GBP USD so your dollar is beginning to get some acceleration behind it as the USD is firmly taking the backseat one spot ten one spot eleven as an exponential resistance We're above both moving averages other technical showroom for maneuver and the MACD just about across the zero line And that's just as latest your policy leader Has basically kind of peeped any as any potential Hopes for more monetary easing saying it's just not the time not the figures the way that they are in the euro zone They want to hold back They don't want to use everything So finishing up with GBP USD so sterling getting a decent run yesterday bullish and golfing pattern smashing through two layers of resist potential resistance one spot 50 27 one spot 51 10 Potentially kept that 55 period SMA longer term. We're still in the middle of this downtrend We're quite a good bit away from that trending support line And you can see pretty much for the other technicals are just now. They're pretty virtual So That's where we are for the most common products in regards to economic data You can see there that we still have the Bank of England interest rate announcement today. That will be unchanged That's at 12 UK time. You've got unemployment claims at 130 UK time and that's pretty much it for today And then if you fast forward on to Friday, you can see we've got German CPI We've got US retail sales We finish up the day at three o'clock with their consumer sentiment survey the University of Michigan sentiment index So guys keep your eye on the chart forum Make insights part of your leg going forward and join me again tomorrow to find out what happened next