 Good morning and welcome to today's products and focus. Most global equity markets are a lot lower this morning following on from Friday's non-farm perils that came out a lot better than expected in the 295 versus 240 as the expectation so that came in much better plus the unemployment percentage dropped as well all in all pointing to a potential summer rate hike over in the US with the trade free markets potentially looking as soon as June being priced in but I'll have to Change is more macro fundamental data releases come out of the US and there is Another statement getting released by the Fed on the 18th of March Which are really looking at exactly the type of rhetoric that is Is utilized specifically the removal of the term? Patience in regards to interest rates in the US so the US 30 obviously having a massive negative candle out there Fully variation golfing pattern breaking through multiple levels of support And 21 period SMA just shy of that 55 period SMA certainly as long as we're below 17 8 9 5 That's negative opening up a pathway to 17 7 3 8 As we have crossover the MACD and across on the slow stochastic as well from a technical perspective Chart not looking so great and obviously this is just a short-term Shock from from an earlier potential rate hike with people think what will potentially dampen demand With the US dollar increasing and value It's actually having a negative impact on real wages in the US which haven't increased for some time So there's a lot of negative aspects attached to them So if I look at the for that region, so if you have a look at the UK one hundred You can see bullish engulfing pattern failure to break through resistance broken through potential support as 69 0 6 Not quite as a staunch Not quite such a negative Patterns as well what we saw on the US 30 there the UK one hundreds looking a little bit better You know as we were literally at an all-time high there Just a couple of sessions ago We have broken through a potential trend line, but that trend line was maybe not that great to begin with but trading blows 69 0 6 is a little bit Harsh in the short term because it also brings us below the 21 period SMA other technicals actually were relatively neutral Matty's been flat for a while. So the classic had a Signal to sell, but that was number of sessions ago So if we can get ahead above 69 0 6 then you keep 100 might be okay Failing that there's actually quite a big gap between this level and next potential support at 67 71 Moving on to Japan 225 and the dollar yen has been all over the place since the non-farm pools figure came out We were trading above 121 at one point But most global equity markets are a little bit down in the back of that interest streak Thought process just now, but certainly look at this this formation We had there on Friday is spiked up a lot higher as the yen began to run out of steam There are inflationary pressures Attached to the Japanese yen right now, which the some Japanese bank governors have said they would have to address at some point So that is quite firmly a doji formation right there But 18 648 is next potential support level to be aware of so if we jump on to that dollar yen position You can just see where we were finally breaking above the the highs right here from September We're still drinking above that right now 13187 is the potential resistance level to be aware of and as that spikes higher Japan 25 should move higher as well So moving on to West Texas crude Latest report for Goldman Sachs and tend to Kate that they are expecting a $40 a barrel move at some point I'll be at most of these investment banks to come out with all sorts of crazy target City Bank came out with a target not that long ago with a value much lower than that but With the US dollar moving the way that it is cruel material is being incredibly high things like that are outweighing things like trouble over in Libya and Price increases in Saudi Arabia Saudi Arabia, but nevertheless, we are kind of floating around this $50 range That seems to be a potential pivot area for us to be aware of $55 is potential resistance or 54 85 and 43 29 is actually the next potential support level from a technical perspective Gold got absolutely smashed in Friday real horrible candle formation right there breaking smashing through 1186 We're now almost between two new ranges of 1137 and 1186 broken support now expected active resistance Death cross and moving averages other technicals are quite oversold just now But no reversal signal as of yet The slow stochastic actually had a had a reversal signal a number of sessions ago So it's probably gonna go back into oversold territory, but the fundamental factors are If the interest rate hike is gonna happen sooner rather than later gold doesn't like higher rates in the US And that will continue to wait but basically just keep you on any US data that's gonna support the view that we're gonna have An early rate hike or not We'll come back to the second my data announcements in a minute moving on to your dollar your dollar a lot lower One spot 07 86 the next potential support followed by a one spot zero two And that's obviously quite a big motor move to get down to that almost close to parity It has obviously been lower than that Historically, but we need to wait and see how things transpire. It's got to get below one spot zero seven eighty six first Before you have to start worrying about what that next support level is and certainly it wouldn't be that surprising the season bounces off here And this is like two thousand and three lows that you're seeing right here So it's a significant move for the euro good for the eurozone countries I guess it makes their goods more competitive gets more tourism there, etc, etc So it's actually gonna be helping the eurozone rather than hindering it to certain extent Especially it comes to a lot of debts. So looking at GP USD to finish things off Very similar picture breaking through one spot 51 85 really the long-term support one spot for 813 is that it's very much in play Technicals are just a bit matter for the technicals actually here. So there could be further room for maneuver We're just crossing the zero line right here. The RSI is just going into oversold But so it's classic is actually a good bit away from being oversold as well So there could be some further moves. We could just be reversing this moving average right here to post a death cross So what's the benefit moves? So a commit data-wise is nothing really today of any significance. It's fast forward on Tuesday You've got Chinese CPI again nothing much moving on to Wednesday You got more Chinese data could elementary is again not a huge round of extra data And then move on to the 12th of March, and we've got CPI from Germany, which will be quite interesting and also industrial production and US unemployment claims and retail sales So it does promise to be a fair amount of stuff on Thursday the 12th of March as ever Keep your eye on the chart for make insights popular going forward and join me again tomorrow to find out what happened next