 Hi, good morning and welcome to today's products in focus. Well global markets are a little bit Flat today after coming off late in the session Chinese PMI came smidgen above expectations, but things aren't looking to good factory orders Even though they were they were positive They just came in slightly above 50 now below 50 is known as a contraction So the rally seems to have a danger of running a little bit of steam I'm looking at some of the European markets such as the Germany 30 in the UK one hundred and they're coming off a little bit this morning as those markets just began to open so US 30 trading between two ranges 16401 and 16 598 But pressure seems to be coming in and we've got a whole host of Eurozone PMI data today, which I think will be very keenly watched I'm as it is coming in very very shortly from the time this recording. So you got German PMI a 30 European PMI 9 UK retail sales and then US jobless claims and then you've got even the Eurozone CPI as well So actually you've got a whole raft of data today If traders were looking for an excuse to bail on this on this equity rally if all those PMI figures Disappoint then that's going to be your reason and just keep your eye on the on the euro as well Euro dollar will be keenly in focus because obviously the Eurozone Interest rate cut that people keep on talking about are probably going to be more more prevalent. So moving on to the UK one hundred reverse below 6390 next potential support 62 70 negative yesterday negative again today We are currently trading at the low of the range. Obviously the UK markets just opens at well supply past 8 UK time right now And the technicals well They have obviously come off from being given buying signals, but you know, we've already had a decent rally So I think it's all about the fundamentals today and we need to see what these euros on PMI data figures are going to be like Moving on to Japan to do five. So Dollar yen has been slowly moving up overnight So that should be providing a little bit of support so you can see Japan to do five actually edging higher That's obviously decoupled from the rest equity markets are moving lower this morning But that's specifically yen weakness helping Their exporters repatriated funds back all their profits are much better So potential support forty nine seventy seven next potential resistance 15488 But we do have a death cross and moving averages and a couple of positive technical signals there in the MACD and slow stochastic But really the dollar yen at the dollar keeps on advancing against the yen will support Japan to do five evening on the face of other global equity markets selling off So crude oil go absolutely smash yesterday as well It's in the back of the crude oil inventories came out much bigger than expected they're expecting about two million in storage But actually it's about seven million And obviously you've got the usual global demand fears So it's probably only a matter of time before we start to eye up 80 dollars We're obviously very close to there at night 81 spot 10 the next potential support below that is a 77 spot 40 Technicles are certainly oversold, but there's not yet the signal to buy back in fact I missed out dollar yen. Let's jump back down to there just now We are trying to once again for probably about the fourth fifth time to re-challenge one or seven spot 36 There seems to be a bit of a men's and behind this US dollar Advanced just now and especially if we do see the equity markets come off We will get a little bit of yen safe haven buying Which might be able to push it above 107 and give us a technical break out But remember we do have that 55 pureed SMA around about 108, but still that could be a Decent opportunity for those depending on your view on the Japanese yen. So talking about safe havens gold's not really come through the goods As you would expect considering the lack of interest rate rises and that level of uncertainty But we are bouncing around about potential support slash resistance. Let's just draw on there a little bit better At 1241 and we've bounced up. We landed there yesterday. We're still in there again today Technicals while the slow stochastic is certainly over bought almost close to the signal to sell However, there are a couple of positive technical signals the MACD's just crossing the zero line The RS online shows that there's a little bit of room from from maneuver on my art potential support If the markets do come off a little bit that hopefully should give Gold a little bit of a foundation or consolidation to be able to have a move to the upside But it's interesting that even as equity slide gold is also sliding But then again, we do have a bit more rampant USD So finishing up with your dollar and cable your dollar having three real negative days now Obviously today is just starting by broken below potential support one spot 2661 There probably is some very short-term Support or about one spot 26 and we're not stone throw away from there right now You could be looking at one spot 25 as a next potential support level MACD's close to crossing over other technicals are kind of neutral and obviously got all those PMI data results coming out So if they disappoint your dollars really going to get hit hard if they come in it as expected or massively bullish Well, then things are a little bit different. So finishing up with the GBP USD I still have in this consultative base You're probably still looking on the next couple sessions one spot 60 010 Sorry one spot 60 10 and one spot 59 17 has been potential core levels for us to have a look at As this current curvature here begins to get less steep But we do have some more UK data due today We've got retail sales 930 that might be a catalyst either for a bounce But probably more likely for another excuse to sell DUP USD in the face of that US dollar strength So we've already kind of covered a flavor of the PM of the importance of today's data You know loads of PMI retail sales jobless claims CPI for the Eurozone And we've also got some more gas storage as well if you're looking at crude oil fast forward on to Friday You've got German consumer confidence and UK GDP, but nothing major US wise Which obviously a lot of people would prefer to look at so that's where we are today Make sure you keep an eye on the chart forums ever make insights popular going forward and join me again tomorrow to find out what happened next