 Hi, good morning, and welcome to today's products and focus so overnight We had news out of China that they're devaluing the yuan against the US dollar causing Kind of a bit of a ripple effect across some other global markets with most regional regional areas taking it as net net positive Most other currencies in the APAC region take a little bit of a head especially the Australian dollar as well. So we actually the big spike up in the US there yesterday very positive day Some decent data count that came out of the of the US But we are on the back foot already this morning With the most global markets actually just edging slightly lower with us 30 to slightly below 17 561 at the moment with other technicals relatively neutral. This still looks pretty top heavy We also have more news out last night one of the Fed members come out with a statement saying that the pretty much September is Unless something major happens It's going to be when they're going to raise interest rates and that's caused Some not usually much moves in the dollar actually have a look have a look at the dollar chart It's actually dollars lost value against the sterling and the euro and it's only made a little bit of gains against the dollar yen But it's looking like September is going to be that next rate hike UK 100 Very volatile session. Yes, the finishing still down, but I haven't recovered massively from the session those Fairly bearish engulfing pattern showing just now on the UK 100 Which we are trading below the 55 period SMA We're at 66 86 which the potential support also coincides at 21 period SMA with the other technicals relatively neutral And the Mac D unable to break through that zero line. So it looks to be pressure remains Commodities a little bit all over the shop, but we'll come back to them a second Japan 225 good day yesterday breaking above potential resistance only to reverse this morning But it looks to be potentially supported by that 21 period SMA But 28 60 longer-term potential resistance the fully and currently at 124 80 So just a little bit above that potential resistance level That we've talked about for a for a while longer-term potential resistance 126 Long-legged candle there on Friday and again already today As dick of the fact that there is selling interest around about 125 That's one thing just to keep your eye on So moving on to corolla with Texas that managed to bounce successfully off potential support at 43 30 Quite a decent candle actually bullish engulfing pattern It's not followed through today. So no continuation out of yet And it's down about half a percent at the time of recording And so we're still looking at that longer-term potential support run about 43 So looking at gold gold finally kind of break breaking out It's been all over the place again this morning You can see just along like a candle means it was all the way down here It's managed to e-cat positive gains just above 21 period SMA Next potential resistance actually be 1137 So even with these comments from one of the fed members yesterday About interest rates in the US. I think what was going to discuss is that yes again September is going to be the first rate hike, but that the trajectory for future rate hikes will obviously be very slow and very carefully considered and I think maybe that's what was causing this kind of flip-flop and Cable and your dollar and everything else but it's giving a shot on the arm for gold anyway, which is usually very interest rate sensitive But it's certainly moving higher at the moment So it's a dick of the fact that interest rates are less of a concern or stronger interest rates are less of a concern for people trading gold At the moment short contracts of gold obviously have been following quite dramatically recently So finishing up with your dollar and GBP USD so your dollar pushing up nicely Great deal. Hopefully going through Long-term potential resistance once by 11 Which is also coincided at 55 period SMA So again that came off this morning pushed back up again So that's got some some decent momentum and the price and looking at cable We're back. We're back oscillating around 156 again So but looking these long like candles that stat that patterns not going to just disappear I'm sure cables. I really struggled to get above 156 with any sort of conviction So we'll see how the MAC with data comes out. It's not really huge amount until you get to like Thursday So today you've got the ZDW business report that would be good for your dollar Wednesday, you've got not a huge amount Industrial production of the US that will be important crucial inventories But it's Thursday. You've got CPI for your zone and retail sales That would be a big one for the for the US as well. And then on Friday, you've got your zone CPI And and US PPI as well. So a lot of like interest rate sensitive macro events for the US over the next few days so make sure you have your alarms set on that and Make sure you make the chart form part of your leg going forward and the same with insides as well and And join us again tomorrow to find out what happened next