 Hi, good morning and welcome to today's products and focus so looking at the US there to there you can see that we've come well off the session those it looks to be that the U.S. stabilized that the kind of the target price that the Chinese government have been looking at is a little bit higher than what some analysts have been thinking the midpoint range as we've been a little bit of a stabilization there and that's caused a little bit of a heart to be taken on most global equity markets I'll be at the US market has jumped the most this candle very very strong hammer formation followed up by positive move this morning other technicals relatively neutral and that gives an idea about where we stand today so in the middle of two ranges 175 61 potential resistance 17361 potential support and there should be seen as quite a strong technical message but if we do see some big moves on the UN again I wouldn't be surprised to see another little slide because this is beginning of a currency war which affects more than just China so looking at the UK with 100 again up well off the session though still negative territory we actually have a move a lot lower first thing this morning actually kind of a strange move right there and certainly we are in the positive territory right now about 65 89 is next potential support looking at from a daily perspective the seems to be struggling to keep head a little bit higher already so I'll say that pans out later on so looking at Japan 225 again bounced off potential support 20,087 higher this morning dollar yen has increased to 124.54 so it's made back about half the loss that made yesterday where it was firmly above 125.20 and Japan 225 moving back up towards 2868 level just now so quite an interesting potential resistance level has not been able to stay in close above there for any particular length of time maybe we might get there at some point in the future so having a look then at dollar yen you know very strong bearish reverse bearish engulfing pattern yesterday we've had a bounce this morning top of the range above 124.42 which also bounce off to 21 period SMA other technicals not yet over but so this still could edge a little bit higher but I just get a feeling that the the Americans is aren't going to raise rates now as likely as they were beforehand like when we're looking at the US 30 we've seen a big sell-off and treasury bonds as well which calls the US dollar to sell off there was like maybe a 50 60% chance off a September rate hike and now it's dropped down to 40% so you know what happens with the dollar next is a good question because you've seen sterling and year sterling dollar and euro dollar both be a lot higher the euro's coming up a little bit at the moment but we'll look at the effects in a second so then looking at west texas crude looks to be also in 43 30 we've got a bullish a bullish crossover on the rsi 30% level we're obviously massively oversold this little stochastic but we have been to some time the same with rsi to be fair maybe we are approaching an area where there are some interested buyers you still have a ram to think about the rain oil global demand from china blah blah blah so then looking at gold to gold still going from strength to strength I think this is this is really the telling one that you're seeing right here there's so much buying of gold I think some some traders are really taking the view now that interest rates in the US are just not going to happen when you've got this kind of backdrop of global uncertainty and there is a safe haven aspect to go but it's been widely ignored versus the japanese yen over the last couple of weeks so it's very interesting now that gold's going great guns and it's getting quite close to 1137 so I think this is the one to watch for a barometer for us rates at the moment and it certainly is a very strong technical bracket so then finishing up with euro dollar and gbpusd so euro dollar and another great day yesterday's people were unwinding their euro um chinese remember trades and that's caused a big spike advancement in the euro now we've had a bit of reversal already today kind of a tweezer top almost right here quite an ugly sign to have to be positive and then push back down again but one spot 11 is a potential support level and we've all been surprised by how high that has actually gotten but it is towards the bottom of this range already for today and if we finish up with gbpusd against oscillating around one spot 56 look at these candles here nothing should be changed my fact cable is pretty boring at the moment they're completely honest so not much to talk about so in regards to today you do have retail sales that's going to be obviously a big one for you know any interest rate bills out there but it's going to have to be something pretty amazing before it's going to have a big impact and we fast forward on to friday you've got a germany gdp a eurozone cpi and then you've got a us ppi and that'll be another decent one for for interest rate bills sort of safety makers out there again that has to be something pretty special before it will have a dent on people's new more negative outlook on rates in the us so as ever going to keep you on the chart for making sense part of your layout going forward and join me again tomorrow to find out what happened next