 Hello, good morning and welcome to today's products in focus. So most of the global markets are actually bouncing a little bit higher this morning after selling off a lot yesterday Janet Yellen gave a speech in which she reaffirmed the strength of the US economy and that US rates were likely to rise in 2016 albeit she had to get medical attention at the end of her session due to dehydration the main parts of her speech were certainly Accepted by the market has been relatively positive and you've seen the dollar kind of gain a little bit momentum But interestingly equities have also moved in tandem that a little bit higher So the US there yesterday trained towards the top end of this range today But still a little bit away from the moving averages quite far away from the tip of the candle yesterday Which is just just above 16,000 So we're only 300 points higher than that instantly and we just started the session So the other technicals are relatively neutral. We do have GDP during the US today at 130 UK time There's going to be another important driver for for rates that comes in comes in quite strong. That'd be another another kind of fuel added to the fire for us rate hike increase looking at the UK 100 Similar similar pattern to what we had in US in regards to the candlestick formation At the top end of this range this morning already challenging 60 73 other technicals are relatively neutral With commodities being relatively okay considering the US dollar has spiked up But we'll have a look at those in a little second. So moving on to Japan to defy We actually traded below 17,500 only to finish back above the level At the end of the trading date Japan to defy but also at the top end of this range with 18,300 six speed the next potential support level to be aware of but we are trading below both moving averages and just to look at dollar yam Oh, it's a proxies Japan 2 to 5. It's moving up nicely just trading above that 21 period SMA looking at 121 87 has been the next potential support And that GDP figure will be very important for dollar yen later on today as well So having a look at West Texas crude We had a slight hammer formation yesterday having dropped off quite maybe about 4% there on Wednesday We had a 1% increase yesterday With the potential re-challenge of 45 85 if the momentum continues So moving on to gold and obviously interest rate Decisions could have a negative impact on on the value of gold. I had a great session yesterday Only for it to come off a little bit more this morning with 11 37 being the longer-term potential support slash resistance And if you finish up with GBP USD and your dollar so your dollar going Going negative right now with a bearish engulfing pattern towards the bottom end of this range We are trading below the 21 period SMA come out quite close to 55 period SMA as well With one spot 11 being the potential support level which a large number of traders will be looking at We're making a series of lower highs so you got a high lower high lower high That's not usually that good a sign for for your dollar But the USD is bringing a little bit back into life against some of the other majors and then we have a look at GBP USD Two kind of doledge formations at the bottom in the range one spot 51 85 It's been in play for quite a while. So this looks to be like a significant support level So the dollar would have to rally significantly for going to break through one spot 51 85 to read then re-challenge one spot for 8 13 And the fact you've got these tips of these candles on here so close to the last three sessions as indicative of the importance of that level So if you're trading cable, that's a great one to look at So we talked about GDPG later on today. Let's fast forward on to Monday We've got a housing index and then Tuesday German retail sales and the housing index followed by CCI over in Germany at 3 p.m. On UK time on Tuesday So a fair amount of information still to come but GDP today This is the big bit of data just to finish up the session Markets are bouncing higher You can get an idea here that most markets are up about half percent or one percent of higher Which is great. Keep going in chart 4 and make insides part of your later going forward and join me again On Monday to find out what happened next