 Good morning and welcome to today's products in focus. So the central bank of China cut rates by 25 basis points and the surprise move over the weekend, which actually has lifted a number of Asian stock markets ever so slightly But we still had some very good news coming out of the major economies there on Friday with most Indices managing to post positive gains to end the week in positive territory as well as the ECB a look to Actually look at kind of further monetary easing Which is better green light for many other regions specifically now looking at China People now looking at Japan as to what they might do next a number of other emerging market countries So looking at the US 30 anyway on Friday. We managed to push through 17,561 to target 177 47 And now we're about three and a half four percent away from the all-time highs on the US 30 even in the backdrop of lagging global economy where more monetary easing is a necessity to help propel growth So it's quite an interesting Conundrum for the world markets where they're not turning the taps off to unlimited credit there to help support the markets at one point They're going to have to do so looking at the UK 100 bear away from the session highs there on Friday We managed to close halfway down the gain still impressive to stay above 64 15 We've actually gaps slightly lower this morning But 64 15 looks to be the potential support level and it's an area there that many traders will be looking at Especially when we are slightly overbought in the slow stochastic is just broken through that 80 percent level a couple of sessions ago And the MACD histogram is slowing so kind of showing a loss of momentum right there So I wouldn't be surprised if we do have a little bit of negative pressure Affecting the UK 100 today, especially with commodity prices drifting lower looking at gold and crude They're both slightly lower this morning already And obviously the UK market is heavily impacted by industry about mining and by gold So looking at Japan 225 we had a good rally into to finish up then Friday Only for Japan 225 for a verse course is more negative news has come out of that region this morning The Bank of Japan has not yet acted with any stimulus measures And the the end the index itself has reacted in kind If there's any kind of rumblings from the Bank of Japan about easing then I think you will see some moves in dollar yen But what's happening is people are buying the yen in times of uncertainty Which is causing the yen to strengthen which is dampening the appeal for Japanese equities Especially when their earnings have to be patrated back to Japan with a stronger yen It makes their makes their profitability a little bit tougher So 19,104 is a potential resistance to be aware of if we have a look at the RSI It's almost above the 80% level. They're not quite as of yet. So maybe slightly overbought So moving on to dollar yen dollar yen as you can see there had a great day there on Friday pushing up the little bit higher But as reverse course this morning as I said we have seen some safe haven yen buying first thing this morning Moving on to West Texas Crude and we are grinding lower firmly below 45 spot 85 Looking at the tips of these candles round about 4340 is where you might expect some short-term potential support But longer-term potential support at 42 dollars Moving on to gold the yellow metal has come under increased pressure and Friday's candle is particularly ugly Having been much higher in positive territory and then pushed right back down into negative territory to end the session And it's following up this morning with further losses 1157 is a potential support and with this rejection of the move higher there on Friday from a technical perspective I'm looking at this ecology the candlesticks The downwards pressure is certainly very prevalent in today's market. So 1157 is potential support 1168 potential resistance Moving on then to euro dollar Euro dollar firmly breaking lower as the that ECB comments from Draghi Midweek last week about the potential for monetary easing as impacting the value of the euro as Quantitative easing the printing of more money devalues the currency and we are seeing a move below one spot 11 with one spot 0786 being the next potential support and we are a good bit away from there right now So traders might be looking at 111 as a very important strategic level to be aware of potentially important strategic level So finishing finishing up with GBP USD Sterling also is not really having a great time if I'm completely honest very negative bearish Pattern yes that on Friday falling on particularly bearish pattern on Thursday similar to what gold has from a candlestick perspective We are capped by the 21 period SMA potentially acting as support with a one spot 51 85 Be the next potential support level after that negative crossover in the MACD and a negative cross on the slow stochastic So cable is not looking That powerful first thing this morning So economic data-wise we do have the IFO business expectations index from Germany That's coming in about 90 a.m. UK time And then we have GDP for the UK half nine tomorrow and durable goods 1230 over in the US and then you do have CCI data over Over in the in the UK as well Later on that session looking at Wednesday you do have CCI For Germany and then of course you don't want to forget but the FOMC that's on Wednesday And that's a very important time to be aware of so that gives you a bit of an idea of what to expect Macco economic data-wise do keep your eye on the chart form as ever make insights part of your layout going forward lots of very Important information there from our global analyst team and join me again tomorrow to find out what happened next