 Hi, good morning, and welcome to today's products and focus US there is pushing up even higher real strong day yesterday closing The top 100 range trying to re-challenge potential resistance at 17 895 as the global equity markets are still punch drunk on the FOMC And we also had the Bank of Japan governor last night coming out with a very upbeat statement on Japan talking about more stimulus Etc. Etc. A dollar yen really reversing course 119 now after coming off 115 on its way up to 120 potentially US markets almost all-time highs again after just three sessions of bullish momentum UK 100 obviously great day yesterday trading at that 55 period SMA Doge affirmation right now as oil prices continue to weigh on oil and gas resource companies in the UK 100 With oil prices down around about 54 dollars and dropping as we speak So you keep in 100 particularly vulnerable to any moves in that if we 54 is already priced in as we get closer to 50 dollars That starts impact UK 100 again there a little bit But this 55 period SMA seems to be the cap in the short term Looking at Japan to do five obviously that dollar yen effects cross-league yen weakness really helping Japan to do five and obviously Bank of Japan governor Corota his statement last night very upbeat more stimulus that's really positive for Japan to do five trading above potential resistance 17 498 Looking now towards 18,000 nice decent springboard. We've already had a retracement back down to 17 496 this morning And it's pushed up that little bit higher today So Japan to do five looking very interesting dollar yen as we just talked about peaked its head above potential resistance at 119 Short-term potential resistance 121 obviously stimulus for Japan would be negative for yen after FOMC The dollar is looking pretty strong Moving quickly on to crude oil West Texas Negative day yesterday failure to break same as the day before trading below potential support at 54 spot 85 If only just next potential resistance all the way down at 35 and obviously we talked about this loads of times before Saudis are quite willing to support a 40 dollar Barrel of oil, but certainly the markets don't seem to be held back But the fact that oil is dropping so it doesn't be a little bit of decoupling from there But a lot of that negativity already been priced into the equities affected by that drop in oil prices Gold's a bit of a non-event failure to break yesterday higher to challenge 12 18 a failure on Tuesday to break higher Also adding extra weight. We're taking up a little bit just now But let's face it with these candles right here and a cap with a 21 if I appeared SMA and Dollar strength and interest rate maybe coming mid-2015 still Goals probably not going to be having a huge massive rally anytime soon, but it does sometimes surprise So just be careful if you are trading it finishing up there with your dollar and GBP USD your dollar there's a meeting yesterday the Junker and the rest of the Eurozone has talked about Russia at the economy etc. Etc. They're still talking about a rate cut more stimulus But blah and obviously we've already talked about US dollar strength the greenback. So technical breakout We actually had there on Thursday on Wednesday. Sorry breaking blow one spot 2367 We moved again lower again yesterday, and we're not really getting a huge amount of bounce today Short-term potential support one spot 2252 targeting one spot 2047 longer term if the fundamentals remain in check So that Euro rally seems to be kind of over and looking at GBP USD Actually a big big bounce yesterday if this trend line actually remains intact. I mean they kind of break through it They're on that on Tuesday and Wednesday Maybe we're probably better off looking at one spot 5743 is the next potential proper resistance This bounce yesterday on cable was kind of surprising Back to be just go back on the economic calendar Oh, of course, we had we had UK retail sales came in much stronger than expected those figures They are quite quite quite incredible and even the ZW business report came out slightly better than expected So that is in itself is quite interesting and obviously not much happening today We do have more UK data a public net sector borrowing Which might mean that GBP USD Could get an extra shot But one spot 5743 could be the short-term cap on that FX pair if we fast-forward on to Monday Monday, we've got Eurozone CPI and US home sales and then Tuesday Balance of payments GDP for the UK and then durable goods and gross domestic product for the US Fair amount of economic data as yet on Tuesday the 23rd of December Probably has a lot of people winding down their trading But that says still some interesting macro data events to help drive FX and indices As ever guys keep you on the chart form for more trade setups for our global analyst team Make insights part of your leg going forward and join me again on Monday to find out what happened next