 Hi, good morning, and welcome to today's products and focus so having a quick look at the US markets You can see that we're following up Fridays a negative day with another move lower this morning back down towards potential support at 17747 not much kind of news wise with the weekend I guess you've got the fact that the the Chinese Yuan is is maybe Gonna be up some interest at some trader today the IMF are about to do a vote later in today's session To the side of it should be part of a basket of currencies that utilizes For a lot of its investments, which could put the Yuan back into some serious demand now Looking over again the Chinese market the Chinese stock markets I think are just ever so slightly on the on the back foot still falling on from from last week's heavy losses Basically as the Chinese regulator is looking to Clamp down in a lot of erroneous kind of trading practices. They're trying to Trying to keep the volatility out of the those kind of markets So might be restricting the ability to to trade with so much margin, for example And basically their take on it is unscrupulous business pack practices or high frequency trading They're trying to put a stop to that so that's causing a little bit of pressure on those markets as Some turnover might be taken out of the market in that regards and liquidity might get removed as well So those markets not reacting that well us. However, if we look here back in the start of November We had a slightly higher high now. We've got a lower high Forming right here. So any break below 177 47 we'd also break below the 21 period SMA and that would open up 17561 looking at the UK market Negative day again on Friday off the session lows is not doing a huge amount today If I look at my entry charts on my other screen the most equity markets Germany 30 in particular completely flatline So not much to talk about there. Unfortunately at the moment commodities seem to be slightly Pressured right now looking at a golden good. We'll come back to that in a second So then have a look at Japan 225 negative day and Friday another negative day today We're a little bit away from that 21 period SMA 20,087 Still to play for a longer term Looking at dollar yen Dully ends flatlining a little bit as well to be fair. So this week. We do have the ECB session Which is going to be on Thursday and that's going to give you a decent a decent flavor as to Are you gonna cut rates or not in? In the Eurozone and are they gonna embark a more quantitative easing basically so the Euro is gonna be kind of kind of interesting You got the US there you get the US dollar It's still going to be slightly ramped up by the prospect of a rise in interest rates in December so that FOMC meeting is due in the next couple of weeks and that gives you a bit of an idea where we are so the dollar yen Trading between two ranges closer to 121 spot 87 than 124 But that's where it is right now moving on to West Texas crude Moving lower again for $2 seemingly too difficult for it to break through so Quite a negative day on Friday We're at the bottom end of this range so far this morning, but it's hardly moved that much relative to the other candles anyway You could have the next potential short-term support round about 39 and change So the yellow metal per gold gold had a pretty bad day there on Friday As we obviously get closer to that FOMC meeting about interest rates We smashed through 1064 let me just go on to my weekly chart here so we can see where the next potential support is We have to go quite far back I think to get it here Tip of that candle so around about 1042 it's gonna be the next potential support And as you can see we're a little bit away from there just now Chloe we're past the halfway point incidentally, but $1042 is the next potential support level for gold and if we break that I guess a lot of people will be asking will a break 1000 so looking at your dollar slowly grinding lower as ever Towards one spot zero five twenty four And I guess what a lot of traders are asking is parity on the cards for your old dollar Now they're gonna be cutting rates Which kind of seems to be mainly almost priced in at the moment and obviously with the US looking to raise rates It seems to be the perfect storm for your dollar looking at the euro against sterling It's down around but one spot 70 and change But certainly versus the US dollar it looks like that one spot zero five twenty four That's gonna be the next potential support and you could probably argue that you've got another last bashing support about one spot zero four fifty six So finishing up with cable cable certainly pressured as well Bouncing off one spot fifty twenty seven We hit that level and Friday just about we're out there again today Looking at minority charts. It's it's kind of bouncing off there just now But it's not bouncing with any rigor which means that we that one spot fifty twenty seven might be quite difficult for it to hold There's pressure there. We'll have a look at the macro data to finish things off failing that one spot forty eight Fifty nine could be the next level to look at so macro data wise. What do we still have left? We've got German CPI at 1 p.m. UK time then we've got the housing index and rest at 3 and then if we go on to Tuesday We've got Chinese PMI. You've got your zone PMI From market serve office in the UK as well unemployment data from the Eurozone and PMI and domestic Industry sales on the Tuesday the first off December so as ever guys keep you on the chart forum Make insights part of your leg going forward and join me again tomorrow to find out what happened next