 Hi, good morning, and welcome to today's products and focus the most global equity market still moving lower this morning More week data coming out of China pointing to slow down at their their inflation or data isn't that bad? It's the most stimulus possible But overall most global equity markets are just skids last couple of sessions with the US 30 hitting 177 48 The Germany 30 getting very close if not already in a traditional bear market correction And the UK market as you can see there. We've retreated all the way back down to 67 71 since we broke this upwards trend line It's been really really pressured 66 86 is the next potential support level should 67 71 not hold Moving on to Japan 225 and we've seen lots of yen buying overnight Against you. Yeah, euro. Sorry your yen and the dollar yen Big reversal right there as well that buying that yen buying has hurt Japan 25 quite a bad self yesterday finishing at its daily Lowes and again this morning tanking getting close to the bottom of this trend line, but certainly off the potential support right here at 28 20,087 Trim below the 21 period SMA as well Hopefully the third period SMA provide some support But should the markets continue to be quite wary and they certainly do feel quite wary right now After a multitude of different things, but it's interest rates right now that are spooking the markets September apparently now Seeming more logical or more likely than ever as more US data comes out But we'll have to wait for the MAC for data releases to confirm that possibility Each time it gets published. So moving on to crude crude had a fantastic day on Friday Pretty much a bearish engulfing pattern. Oh, it's not crud. Sorry doll. Yeah, a great day there on Friday bearish almost a bearish engulfing pattern there yesterday flat flattened out a little bit today this morning at potential support 124 42 a break below that opens up and all the way back at 121 87 We should also be the 21 period SMA. You can see the MAC the histogram show a complete loss of momentum You've got a cross over there on the RSI and you're getting quite close on the slow statistic as well Let's move on to Cuddle West Texas not really doing a huge amount bouncing between 57 and 59 50 the old peck means basically said it's double and keep on pumping the same amount of production and Doll strength would impact crude. I'll be at dollars taking a little bit of a backseat first thing this morning Sorry overnight yesterday, I was trying to fight back a little bit this morning gold Try not have a retracement if we do get retracement back up to 1186 Which should be around about here that would open up a potential for new shorts to then target 1137 If you get retracement up to here and you've got a death cross and moving averages as well If you get a traceman back up to here in the market then starts to sell off again a lot of technical traders who might be bearish on gold for example might use this as an opportunity to sell Otherwise if you get a break above this level, so maybe it's just close to 1200 People see that as a positive sign, but a lot of technical factors adding weight to gold in the short term. So your dollar Your dollar bullish engulfing pattern yesterday Dogey formation already developing today, but we only just started the session instantly as a dollar gave up some gains Obama Apparently dead dead not say That a weaker dollar stronger dollar, sorry was bad for the US. He came out and said I did not say that So lots of big question marks tell over hundred straights and America wants the dollar to do obviously stronger dollar would have a crimping effect on us exports To other countries as their goods get more expensive So as I have to see how that one plans out But depending on how today's candle finishes up this formation to finish up like today That that would not be a strong continuation pattern if it looked like that But we have literally to start the session and we do have a fair amount of economic data with them Well, I've got your zone GDP not a huge amount actually Wednesday we've got very little you've got your crude oil inventories Thursday you've got employment data and US retail sales So people will be looking at for more clues as to interest rates in US retail sales an important factor on there finishing up with GBP USD Not quite a bullish engulfing pattern not having a follow-through today one spot 54 24 is potential resistance We should also coincide with that 21 period SMA Mac these close to cross the zero line other technicals relatively neutral So probably down sorry down side pressure is probably more in control I'm seeing an everyday charts is coming off relatively sharpish on the daily interval as well So keep your eye on the chart forum more updates there from Michael Houston You can see he's been quite prolific with Brent your cab your bund Jeremy 30 years sterling Make sure you make insides part of your layout lots of cool inside track information here from our global analyst team Inform you of what's moving the markets and why and join me again tomorrow to find out what happened next