 Good morning and welcome to today's products and focus. So the first thing we know look at are these manufacturing data releases from Japan and then CPI and PPI data from China So both data sets came out much much lower than expected You can see that the factory orders from Japan forecast 3.7 actual minus 3.6 and the forecast here for the a machinery Orders year-on-year was forecast to come at 10.5 it's actually coming at 2.8 and you can see the mess that we've had here for PPI there in China as well forecast minus 5.5 is coming at minus 5.9 So all in all that is obviously a little bit negative in that part of the world most global equity markets have come off again The new the data was is bad, but it's not that bad in regards to potential stimulus in China People are still expecting that But most global equity markets have actually come off a fair amount since then So looking at this candle formation right here We managed to spike above that 21 period SMA Only for it to reverse strongly towards end of the session and actually end up much much further down a very ugly candle to have Also looks like you've got the tip of this candle here around about 16705 being potential resistance we've had a Small opportunity there to rally up high this morning, but it doesn't look that strong other technicals are relatively neutral Obviously better crossover in the MACD there yesterday But looks like it's completely peered out and certainly looking at this candle from from yesterday That's gonna add a short-term pressure as well So then looking at the UK 100 similar picture was much higher failed to break through potential resistance 62 96 That is a graveyard doge information. Now usually it's a strong reversal signal at top of an uptrend We're now in the middle of two ranges, but 60 73 is next potential support on there And we don't actually have a whole host. Oh, we did today's Thursday. Actually, so we've got our Unemployment claims data from the US. We've got our cruel inventories. There's actually a few bits and pieces today To look at including if you're a cable trader, we've got the Bank of England NPC minutes That should be quite interesting and obviously our industry announcement as well So we'll come back cable in a second So in the back of that disappointing data from from Japan as well You can see we've had a little bit of a reversal there yesterday still managed to clean positive to positive territory We have been lower in Japan to do five, but as I said is trying to move on that little bit higher Dolly ends are in about 120 spots 70 We're at 18,306 is potential resistance. We're not above there currently. We're very very close So moving on to dollar yen You can see that that 21 period SMA is acting as potential resistance quite close to 121 87 The two types of the candles here are indicative of selling pressure the closer that we get to that level We do have a dose crossover in the MACD, but it's not really resulting in any significant moves for dolly yen right now So looking at West Texas crude it's continuing to sell off just going into negative territory right now Almost a bearish engulfing pattern market. It is a bearish engulfing pattern yesterday 45-85 looking like it's a relatively staunch potential resistance. It's failed to break through there the last couple of days I guess you would say we're in the middle of two ranges, but 42 dollars the next potential support We are seeing a flattening of the MACD histogram almost across a negative crossover on the MACD again Delat technically relatively neutral But remember you do have crude oil and mentors today around about 4 p.m. UK time So make sure if you're trading crude oil that you don't forget about that. So as you can see there I've got my alert already set on there. So moving on to gold golds come off as well breaking through This I'm gonna redraw this actually because that's probably more likely where we are because that that wasn't an historical Symmetrical triangle formation which is has been long broken. So if we have a look at that Could be another sloping Support level on the way up It's probably more likely that it's gonna break that again. I kind of thought this might be a natural Head and shoulders formation Potentially if we just get another line To draw these levels on here So that would be a shoulder that would be the neck that would be the other shoulder. That's a that's the Neckline break and normally you take the distance from the top of the neck to the base of The neckline and then you add that to the breakout there So if you were to take the classical measuring Aspects you probably could say that from a technical analysis perspective anyway That you might be targeting the tips of these candles down here So I would certainly say that You have a potential support level at we're about 1073 We're a good bet away from there right now But I'm gonna leave all those lines on there for now in fact I'm gonna get rid of some of these other historical support resistance levels because a lot of these now are Pretty old. I'm just not that applicable to where we are today So we'll come back to that at some other point. This is currently for where we're sitting with gold And we didn't really get our massive momentum on that golden cross either It looks like it's about to switch back over anyway, and that's currently where we are So having a look there at Euro dollar slowly grinding high last five sessions This candle's kind of interesting almost like a little hammer formation trying to push on higher Also, even the 21 period SMA once bought 11 remains to be the potential support level Your dollars not doing a huge amount right now But then having a look at GBP USD you can see we had a failure to break 154 24 We did that on Tuesday failed to break it and Tuesday failed to break it again Yesterday we're drifting lower again this morning. We don't have a bullish crossover on the MACD We do almost have a buying signal on the slow stochastic, but it's not come up as of yet Looking at the interday charts cable is under pressure And remember you do have those NPC minutes today that could have a decent impact on cable as in Where does Kearney think interest rates are going some traders thought be the start of next year January February next year They'll have a bit more an idea you also see the voting rights as well in that regard So as everybody guys keep your eye on the chart for make insights probably going forward and join me again tomorrow to find out What happened next?