 Hi, good morning, and welcome to today's products and focus and the markets today are actually pushing on that little bit higher after non-bomb perils and Friday came in just a little bit above expectations and It's pretty much caused most other markets just to kind of grind that little bit slightly higher But without any kind of great conviction and they've been quite a lot of stuff obviously happening over the weekend You've had Donald Trump coming out saying that he thinks are gonna be a massive stock market crash The personally he thinks it's not a good time to buy stocks that he's actually also Possessioned himself financially to benefit from a drop in the markets because he's so sure that it's gonna go ahead and happen Because you know the American economy has propped up With a whole bunch of mechanisms just to kind of inflate the markets and he's probably not that wrong to be honest with cheap money and central bank and The change the talk of you know, they're gonna be raising interest rates They're not going to be raising interest rates the pumping of much of a kind of cheap money into the economy It does kind of feel that they The market rally has just been kind of pushed forward only by monetary policy and not by actual A kind of economic growth in that regard now when we look at the US 30 from a technical perspective Actually has had a really fantastic run It's a it's going great guns. In fact, it's not that far away from reaching as recent high We're maybe only a few hundred points away from there So a lot of traders still wondering how much gas is kind of left in the tank to be able to get up there We'll go ahead and see what happens talking about the kind of FX markets There's a number of barrels that she came in slightly better than expected now Some people might have been thought that that would be positive for the dollar and then maybe adding more fuel to the fire For an interest rate hike at some point maybe in the summer But between Yellen and Lockhart and some other Fed members like they've been flip-flopping quite a lot of last couple months in regards to their views on Interest rates and I think the the idea is now the US doesn't want to have too strong US dollar wants to remain competitive to prop up the currency and That's obviously having a better knock on the facts Even though you're getting these positive numbers positive macro data numbers coming out You do have Janet Yellen saying that well not only they're not going to raise rates But they might actually end up having to do another rate cut at some point in the future But no how much of that is talk versus action that's another question and You know, I don't really believe a huge amount what the central bankers say because so often they come out with a surprise So you never know so FOMC Minutes are due out soon as we'll cover that in more detail when it comes out But that gives you an idea of the fundamentals is all about that known farm perils figure Well, they or will they not raise rates in the next couple of months Yellen says no, but really who knows so without further ado, let's go ahead and have a look at US theory from a technical perspective so That's what we are a very strong Cancel moving higher after that non-farm perils figure kind of surprising actually because it came in better than I expected So number of traders might have thought that might have caused US 30 to do it to kind of drift down Is it increased the likelihood of an interest rate hike? But the markets have taken that to be well, it's good, but it's not that good and Yellen's already said she won't raise height She won't raise rates. So Here stocks got up and US dollars gone down Nevertheless 86% of seems you market clients are currently short and when we look at this This is currently where we are So we're not that far away from the recent high at 17979 and the longer term potential highs at 18,367 Moving on to the UK 100. We're still stuck in the range We still finished negative for Friday, but off the session lows it bounced up 60 70 again quite nicely It does look to be that we're in some sort of channel formation right here with 62 20 being potential resistance and 60 70 Being potential support seems you clients are unsure as to what to do next. They're almost 50 50 Moving on to Japan 225 is broken lower. We obviously move lower there on Friday We smash through 16 384 We're not we're quite a lot on the wrong side of that just now below both moving averages The other technicals are moving slightly lower as well longer term potential support at 14 671 If we do get any rebound, it could be potential resistance round about 16 384 88% of seems you market clients are currently long Moving on to dollar yen now dollar yen as you can see it I would say there is uncertainty, but it's a dollar weakness really You've seen the dollar kind of break that a little bit lower people are buying the yen incidentally breaking below our 111 spot 6 you are looking at the tips of these candles as the next potential support levels And if you go a little bit further back, you are probably looking at 110 Spot 08 has been the longer term potential support with 60% of seems you markets clients currently long Moving on to crude oil West, Texas it continues to lose momentum even in the face of a weakening US dollar 51% of seems you marks clients are currently short a lot of this has got to do with the Middle East and Refusal of cuts or pauses in production They're the most recent line of rhetoric is actually coming out of Iraq And they've said that the under no circumstances will be counting production They can't afford to anyway They want to get as much money as possible so 35 dollars 13 cents as the next potential support We broke through that 21 pureed SMA the next support after that would be 31 spot a to Moving on to gold Gold's all over the place again The dollars reacted as if you're not going to get a cut in rates The shares have reacted as if you're not gonna get a cut in rates and gold's not shooting up higher Which begs the question what what is it doing because if it's less likely that they're going to be raising rates in the US You know gold should be doing something, but really it's just moving slightly lower So I don't know if that's people thinking well is Possible that that the US will raise raise maybe in June or at least talk about it in June and people are taking Because it's different different differing views that you're getting right here You're getting gold reacting a little bit like there's a possibility of a rate hike coming at some point And you've got shares in the dollar acting as if there's nothing happening at all So a little bit of a contradictory view right here I I personally would probably just leave gold a little bit alone just now unless you currently are already trading it There could be like some sort of head and shoulders formation here appearing and this could be like a neckline Matter of fact, I could even just draw that on just for Just for fun wrong one So we go from here To the tip here. It's gonna get rid of these old this old these old ones right here So could be looking at a shoulder and neck and the shoulder and that could be a neckline break Which if it does happen to be break below 1191 you could be looking at 1131 the next potential support 87% of CMC marks clients are currently long So moving on to your dollar and GBP USD just to finish things up. So the euro's actually been getting a lot stronger That's not really helping my rodraki giving my big headache. He actually wants the euro to be weaker to make it more competitive Obviously, you still have fallout from the Brussels attack that could be having an impact on European productivity and and Consumer activity, which isn't so good now We are down a little bit today on the euro dollar, but we're all over the place there on Friday We actually ended a little bit quite close to where we opened actually about very volatile session 83% of CMC marks clients are currently short as we get closer to one spot 1489 people might be looking as That is an opportunity to sell it breaks above that you are looking at the next potential resistance being closer to one spot 1760 And if we finish up there with GBP USD Sterling still can't get a break it dropped again on Friday Slightly lower this morning the wrong set of one spot 42 28 You could be looking at the next potential support level be one spot 41 29 We are trading below both moving averages and we've just had a negative crossover on the MACD 55% of CMC Mark's clients are currently short So economic data-wise we do have unemployment rate from the eurozone of factory orders for the US Tuesday got manufacturing orders housing prices and PMI for the eurozone trade balance the US and PMI for the US and then a Wednesday industrial production And of course crude oil petroleum sales on the Wednesday as well Well, that's it for me guys join me again tomorrow to find out what happened next I'm very good luck with your trading and I'll see you tomorrow. Thank you very much and goodbye