 Hi guys, good morning and welcome to today's products and focus quite a lot to go through today But we'll start off for the US there is ever volatile session yesterday touch potential support at 16 at 3 Sorry 16 7 3 8. We're drifting a little bit lower down today Just blow that 21 period SMA most global markets are pressured this morning Especially the Germany 30 has come off a fair amount last couple of sessions Still at the stage where we just think it's profit-taking, but there's been more data coming at the US look quite weak But then again, we did have another Fed official come out with a statement yesterday That was a lot more hawkish about US interest rates. I don't think the market really knows exactly what's going on right now I don't think they know what's going on either at the Fed just now But a lot so conflicting reports coming out of the US just now And there's been a lot of excuses to take a little bit of profit-taking and a little bit money at the table Especially when we have been trading near all-time highs looking at the UK 100 you can just see the state of that volatility We're trading very low just blows potential support before a Pozner spoke yesterday but then after after a statement about being a lot more hawkish about the US economy even though GDP came out at minus 2.9 and then consumer spending was weak the markets took that to be quite Positive spite back up again, but now we're drifting a little bit lower just now So potential resistance at six seven seven four then potential support at six seven thirteen Japan to do five actually came off a fair amount yesterday and the yen like dollar yen is pretty pretty much for all the action It's right now your yen dollar yen any FX yen related pairs are good to look at just now multiple reasons for that but safe haven is one aspect but The US dollar has been giving up some gains right across the board Canadian dollar as well as something you guys should have a Little look at but anyway We're coming up close to potential support at 14977 on the Japan to divide you can just see the strength This move down the bearish engulfing pattern. We're trading below the 21 period SMA. This is not so good So let's have a look at the dollar yen, which is Finally giving itself some traction in one direction not the direction that Japan 25 wants to go But quite a decent candle looks like we're going to re-challenge 101 spot 35 as potential support next potential support Is that a 100 spot 80 now? We've not broken it yet, but this is the level to have a look at dollar yen traders Keep an eye on this. So then moving on to crude West Texas, which It's not really doing too much actually it looks like it's kind of slowly grinding downwards. We're still in this range So it looks to be that 105 to 107 spot 80 is a range We're at the bottom end of that range right now But I wouldn't be surprised to see that tick up towards the end of today as we head into the weekend because obviously a lot can happen Obviously you got Syria bombing targets in Iraq right now there's a lot of stuff still going on and Middle East Ukraine peace process might actually help a little bit, but we'll see how things go So gold's been very volatile As ever last couple of sessions, you know one minute interest rates are going down next minute interest rates are going up You know people need to make up you need to make up your own mind as to what's actually going to happen But you can see by all these candles We are pretty much closing bang on the same level every night But these long-legged candles in both directions are indicative of the volatility that we're seeing right now So potential resistance remains at 1332 And I still think this symmetrical triangle uptrend line is as in play right now You can see it's bounce off there multiple times So this could be the start of an ascending triangle formation So it's going to break out one direction or the other so looking at your dollar It's also been very volatile as ever still trading between two range two ranges One spot 3568 and one spot 3645 Finishing up with GBP USD and I really want to show you another screen that I'm looking at So I do look at a lot of equities as well We'll be looking at my pivot point screen in a second But we're coming up quite close to potential resistance again at one spot 7048 and that's after Kearney spoke about the UK economy Has been to try and cool the housing market Was not really that strong incidentally. So The GBP is kind of rising the back of that obviously been a lot of negative US dollar fundamentals come out as well So one spot 7048 is resistance. It's in play. It's already touched it this morning And who knows what might happen because we do have UK GDP due at 930 And then we've got your zone consumer confidence and then the University of Michigan Consumer Sentiment Survey due at 55 so lots of stuff still going on. So let's have a look at my at my Pivot points cream and as you guys will be able to see there I these are a kind of a selection of equities that I have a look at mostly major stuff So pivot points are very useful technical indicator That I utilize these are one minute charts that I've actually got on here I can see that Lloyd's that's been quite volatile last couple days. It's bouncing off the First pivot point level on here around about 75 33 do keep an eye on that level Barclays having a little bit of a move back up against as it's hitting its pivot level here at 216 I'm just kind of trying to highlight some some kind of levels that would be will be important BT group bouncing off Well, this was a potential S to the R2 line Which is at 389 Rio 10 so as well already this morning bounced off the first support level around about 31 20 Sports direct is bouncing off its pivot level here at 717 and Vodafone is not really kind of doing that much right now Pivot points are very useful if you're trading equities. It does help to highlight Potential support resistance levels, especially if you're looking to get involved in day trading equities These are as a useful thing to do as long as you do a lot of your other research as well Pivot points could be added onto your charts by just going to the technical indicator section and going to the study section So do keep your eye on that and join me again on Monday to find out what happened next in the global markets