 Hi, good morning, and welcome to today's products and focus and what a difference the day makes all of a sudden everything It's all rosy and good in the world again as China came out with much better than expected trade data today And we'll have a look at that in a little second But basically global stock markets have cheered the news global equities have pushed higher the dollar against the yen has has completely rebounded and we've seen some interesting moves in commodity markets golds come off quite quite a lot and Crude will look at that from a charting perspective in a second as well So can we trust the the news coming out of China seems to have come at a very opportune time very interesting question But the market certainly ours is taking it as a as gospel at this stage anyway So other kind of news out there is more rumors as ever rumors rumors rumors about Saudi Arabia and Russia coming to an oil production freeze albeit that would be at all-time record highs ever blah blah blah and Obviously, we're not going to have another Iran Anytime soon coming into the picture with a whole huge amount of of supply to the press prices so perhaps we are potentially reaching a little bit of a bottom on the With West Texas crude going forward. So we had had a big move up It's better to sell off and then another acceleration to the to the upside. So that is the current fundamentals Impacting the markets today. So let's go ahead and that look at things as ever from a technical analysis perspective So Looking at the US 30 you can get an idea as to how strong yes This candle was bullish engulfing pattern again another decent day today We're a little bit off the session highs 82% of CMC marks clients are currently long But it kind of feels that this this is getting a little bit of extra momentum behind it Albeit we need to break above the tip of this candle to have any type of re-challenge between 17 9 79 And then you can see that we did have a cell signal is close to cast it But that's already come through that the technicals are relatively neutral right there We might be getting potential support for that 21 period SMA and it does give you better flavor that I'm gonna make that Red just to make it a little bit easier for you guys to see at home as well And to be honest, I normally like to make this one black Just so we can get a flavor of where we are. I like to be a traditionalist So moving quickly on to the UK 100 Finally breaking out of that range beautiful technical breakout and actually we're not Stolen throw away from 63 23 if we are lucky enough to continue that momentum and break higher than 64 53 could be the next potential support level But we are miles away from the highs that we had there at March So it kind of feels like a long time coming and that's a decent move actually from 5 to 500 Back to where we are just nice about a thousand point move and just two and a half months or two months If you take it from here to here, that's a decent move Moving on to Japan 2 to 5 again another decent move to the upside obviously help with the fact that we have had Rebound of dollar yen we talked about we're getting quite close to those dual moving averages to be interesting to see if they provide any level of resistance We are we have just broken through potential Resistance at 16 384 be good to see even get a close decent move yesterday a decent move today We're still top in the range 60% of CMC marks clients are currently long So let's have a look at dollar yen The dollar yen is is it kind of the the driver the moves are not as extreme and dollar yen as they are Don't want to say extreme, but they're not as powerful as it moves It's what we've seen on the Japan 2 to 5 You've got the double whammy of the turnaround in the end and also that that better than expected Chinese data But as you can see we do have arguably you can kind of say this is like a kind of a shooting star But that's not really a hammer either But you've got this kind of doji formation at the bottom of that of a downtrend and fall by by two decent candles You could get a little bit of a rebound It kind of feel that From an FX point of view things really haven't changed too much for for for dollar yen So just be careful if you're trading this product, but 110 is the potential resistance So looking at West Texas could decent break higher yesterday Comfortably above 40 spots 79 looks to be This is awesome the daily on the daily interval if I just quickly go into five minutes Just to have a quick look at that you can see decent breakup move down with imagine we're getting quite close That's 40 spots 79. This could be a very interesting level if you are a short-term Technical trader looks to be that we're getting we're getting retracement pretty much back to that level right now If we are lucky enough to continue to see a push to the upside 42.95 is the next potential resistance Looking at gold gold retreated Not an extreme move. This is a such an ugly formation to have right here Something 9% of seems to mark clients are currently long. They're the technicals relatively neutral They do the bi-signal on the MACD This still feels a bit like a head and shoulders formation, but we've not yet had a break of that neckline It's not really choosing a proper big direction if this goes longer term. It could be an ascending triangle formation to be honest If we continue along this path, so we'll just see which way it develops Finishing up with your dollar and GBP USD. So the euro tried to rally Failed so I tried to break through potential resistance failed to do that and then has retreated the longer candles here and here There's a battle going on just now with the euro. The euro wants to try and push on higher There's different forces that play just now It'd be very interesting to see who wins the battle the euro is perhaps well I can see here based on technical indicators. It is overbought So there needs to be a little bit of gas a little bit steam taken out of the pipes So to speak the question is are we going to get a retreat that down to one spot 11? Are we going to punch through one spot 1480 1489 are we going to try and re-challenge the tip of this candle right here close to one spot 1714 and Then finishing up the GBP USD Does look like a descending triangle formation still in development a better retreat yesterday as well on the GBP it was much higher Then got beat back down again. They're technicals are relative to slap. Okay so having a quick look at the market calendar to finish things off as ever and Is giving you a bit of an idea of what to of what to expect trade balance data as you can see That completely smashed the estimates estimates exports much much stronger than expected the imports Less than the than the forecast bill so they imported a lot less as well So export a lot more and portalized over and all quite quite a positive Rosie decision and we also had a better revision there as well in the previous exports But that's actually revised that it down But nevertheless still very very tasty results we do have the crude oil stocks due later on today and On Thursday you got CPI from eurozone interest rate announcements for Bank of England CPI from the US and employment claims And they're finishing up with more Chinese data. This looks to be even more important This week than never if we continue to see these coming out quite positive that just builds confidence and the resurgent Chinese economy and then we finish up Friday with industrial production and Consumer sentiment survey data. Well guys, that's it for me very good. Love the trading join me again tomorrow to find out what happened next Thank you very much and goodbye