 Hi, good morning, and welcome to today's products and focus so it looks like a Greek deal is not going to be as forthcoming as possible With most global markets actually just ever slightly down this morning with the kind of graveyard doji formation from now on the u.s. 30 as the kind of a lot of the European leaders now are taking a tougher stance on on Greece And it looks like a debt deal is getting further away So you've seen the euro come off. You've seen a lot of them a lot of European Boris's come off slightly there as well I'm going to send a massive cell off and crude oil So we'll come back to that one in a second, but it does look like I'm gonna draw this level on the year because we have talked about the potential for a descending Triangle formation, and I think it is slowly coming into view right there And we are looking now at 17 546 the next potential support level And this red line here has been the next potential down trend Which could be a cap on further games on the US 30 especially as There seems to be a lot of negative macro data coming out We're obviously not that far away from non-farm perils now, which could be quite an interesting move For the US market. So we'll have to wait and see how that progresses So looking at the UK 100 you can see we've almost got a billet bearish and gulfing pattern a failure to break through to All first time highs 6906 and next potential support is 67 71 Very similar picture almost got a crossover on the MACD the other technicals are relatively neutral Albeit, they did have a signal to sell a couple of sessions go on the RSI and the slow Stochastic is just about to cross over that 80% level as well We've tried to have a little rally this morning. It's failed to do so and 6906 point eight It's gonna be hard to hard to break in this market just now But we're only a couple of MACD releases away from positive MACD releases away from that actually Bursting through but we need to get data coming through now today. We've got Unemployment claims in the US. Obviously this industry decision is not going to have any impact Because it's going to come out as expected and you've got US trade balance So if these continue to fall the trend of negative MACD of the US then the US 30 looks vulnerable as those cable and your dollar for more dollar weakness and Warren Buffett's come out with the new statement today He doesn't think the US should raise rates at all for 2015 And there's obviously growing concern that doing a rate hike too early would peter out any Future growth that we're gonna see in the US has been outstripping most other global economies And they want to keep that get that strength going. So looking at Japan 225 17496 is a potential support level that's obviously been in play for a number of sessions to Negative candles to be seen right here. The formations are not that positive people been buying up the end this morning to defend against that that potential longer-term pain from Greece playing hardball themselves So it has been a lot of a shock this morning Well, first of all, it was a bit of a shock I think we're seemingly going so well since the new Theresa government or so anti bailout anti loan, but It's not maybe that surprise and now looking back on it that has fallen apart ever so slightly So dolla yem breaking through potential support at 117 spot 36. I know one 14 spots 17 for Things do get a little bit shaky people will be buying again Especially at the expense of the US dollars. So the dollar. Yeah, it could be quite interesting Crew all West Texas been so incredibly volatile. This is a 19% increase over three days only then to collapse last night That was a 9% drop and we're still dropping again. Just now 48 dollars And we've got to be looking at a retracement bat now to 43 spot 26 As crude oil inventories this comes out a week every week on a Wednesday at 3 30 UK time and Figures are coming in very high each month. So each time we talk about it It does seem to have a negative impact. So do keep an eye on those crude oil inventory figures They're very important if you're trading West Texas Not really much to talk about gold trading between two ranges 1254 and 1273 Not much catalyst in the market right now. Obviously safe haven status could be interesting Dollar weakness could aid it but it's not had the type of excitement levels that we saw when we had this this uptrend right here on gold So it seems to be hugging that 21 period SMA quite strongly as well. You got a crossover on the MACD The other technic indicators are relatively neutral. So I Wouldn't be that surprised if gold moves in a sideways moving Formation for the next couple of sessions. So finishing up with your dollar and GBP USD your dollar reverse course yesterday As that great deal looked further away, but then the dollar is not really rampant at the moment either So I don't expect a huge amount to happen with your dollar and less One or two things one great deal comes back on the table either great deal come back on the table Or it completely gets blown apart in which case you see the year old to Slightly obviously moving the back of that that news another aspect would be if the US suddenly started coming out with some more positive macro data To gain some upwards momentum because they had been doing so well But recently that the the data coming out of America has just been getting weaker and weaker And it had such a great run. So I think that's where we'll see things go So GBP USD seems to be the biggest net beneficiary of the of the recent dollar weakness Breaking above one spot 51 85. We now got to be looking at one spot 54 24 should the US continue to disappoint So I'm not really that interested in your dollar versus cable and cable's got more potential upside Because sterling is a little bit more sure about itself than the year old is just too much uncertainty So if US disappoints again, then I think cable's got the opportunity to move higher But do do keep an eye on that. This is a good springboard just on the right side of it right now So it's not like we're getting a whole bunch of momentum But the longer we keep above one fifty one eighty five the better for everyone So we've already talked about the economic data today. Let's fast forward on tomorrow you've got German industrial production and Young farm perils make sure you've got all your laws set for that We've got a live webinar that you can sign up to if you go to support and then go to live trader events That's with Michael Houston our chief market analyst in the UK He's awful also an FX expert and as ever keep your eye on the chart for make insights part of your layer going forward And join me again tomorrow to find out what the next