 Hi there guys good morning and welcome to today's products and focus well as you see there most equity markets have come off fair a bit as of yesterday we saw a little bit of pullback in most global markets with Germany 30 and UK 100 being particularly hard hit US 30 is now trading below potential support at 69 69 bouncing around that 21 period SMA next potential support is at 16 738 and that is despite a particularly impressive results from Alcoa and the US overnight with a beat estimates and there is a slight adage that people kind of want to take the strength at the markets right now and bring it down to a level that's a little bit more palatable so wouldn't be surprised if we do begin to see a slow kind of drift down to say 16 738 as a potential support level or the next couple of sessions but each time is a pullback people always try and jump back in so it might not be anything too too aggressive you can see there in UK 100 however yesterday's day was particularly bad and we actually stopped dead on the potential sport at 6 713 and we had a bit of a bounce we're moving back down to there again today it looks a little bit weak this morning as well so we do break below 6 713 we are looking at 6 6 6 6 as the next potential support and that's not been a level we've talked about for some time looking at Japan 2 to 5 is not so bad obviously on Monday and Tuesday I did come off not a biggest movie what we see across in Europe we seem to be supported by a pureed SMA potential resistance at 15 488 is still in play and if we continue to see a little bit of a sell-off we will be looking at 14 977 as well so looking at that dollar yen position the yen took control again save haven yen coming back and play as is gold and obviously a potential sport at 101 spot 35 looks to be in focus with some traders as we begin to drift that level or break down below that we're looking at 100 spot 80 we totally put this before the US dollar you seem to have had it this day last Thursday during non-farm payrolls there is an update today from the Fed a statement due that people looking for extra kind of ideas at where US rates are going so I think you'll you'll see a little bit of positioning before that result comes out later on today and then when it comes out trend in the yen trend in the euro the trend sterling will probably continue on depends how pro US dollar that Fed note is when it comes out so looking at West Texas crude 103 as the potential support we've seen a fair bit of volatility but this is pretty much the level that's strategic in a short term that most traders should go ahead and have a look at so gold nice to rebound again this ascending triangle formation seems to be in play 1332 is a potential resistance a weaker US dollar would be good for gold as soon as they start start talking about higher interest rates in the US that's very bad for gold so that Fed note will be of great interest to gold traders as well see if you can break fresh ground it's looking like it's going to be quite tough though so moving on to your dollar as ever it has had a bit of a resurgence there since Monday Tuesday and again Wednesday potential resistance one spot 3645 is a level that would be in play well I've been looking at it for some time anyway this is the short term potential resistance followed by one spot 3710 and then we finish up with a GBP USD it's been a bit flat last couple sessions one spot 71 84 is still the short term resistance short term support one spot 7048 a common data wise we have had some Chinese data that is not really massively impressed to be fair we've got crude oil inventories due at 330 that would be good for crude traders and we fast forward on Thursday then we've got some more Chinese data UK trade balance UK interest rates and US jobless claims keep behind the chart form as ever make insights particularly going forward and join me again tomorrow to find out what happened next doesn't seem to be a huge amount of major US earnings data due out today but we'll keep you posted on these videos as to the next majors and when they're due okay take care bye bye