 Good morning and welcome to today's products and focus. So obviously the big news on Friday was non-farm payrolls Which came in much stronger than expected. I think they were looking for about 180,000 jobs that are created 271,000 so almost 100,000 jobs more pretty much means now that there is definitely gonna be a rate hike in December But obviously there's no such thing as definitely but it's incredibly likely that the Fed will now raise rates in December And you've seen the US dollar probably making gains against most of its majors And there has not yet really been a massive amount of turmoil in the financial markets Some people have worried about obviously the US 30s actually moved up because it's a big plus for the US economy Big questions about international earnings, of course with the dollar rallying the way that it is And that's why we're gonna stop in flat a little bit this morning What a lot of traders would expect is that the markets would be weak to flat lines over the next few days or weeks Until the market gets comfortable with the fact that this is actually lower term positive for the US economy And things could be back on the on the ups and after that emerging markets will be pressured because they have a lot of debt Dollars and then the dollar will be increasing in value So their debt piles basically getting bigger relative to the local currencies That's gonna be hard for them. And it's like it's kind of thinking about the knock-on effect of that against the major Business partners in Europe in the US and China that a lot of traders need to think about But nevertheless with the US 30 potential support 177 47s potential support and 18111 is still potential resistance technicals obviously overbought Deciding Matt the histogram, you know, if this does turn south a lot of technical pressure will be applied to it But I just don't think you can necessarily get anything too aggressive So looking at the UK 100 I had managed to get positive territory. Yes, the Ellen Friday, sorry It's got slightly lower this morning probably in the back of the fact that most commodity markets are lower Because of that pressure of the stronger US dollar But I'm sure that they will recover at some point and where we are right now We're in the middle of two ranges with sixty three hundred still being longer term potential support We're trading below the 21 period SMA The other technicals are showing kind of divergence quite if you look at this Sorry, the slow stochastic is certainly moving down quite aggressively versus the RSI Almost a head and shoulders formation kind of developing here with a shoulder neck shoulder and you could be looking at a neckline break If that momentum continues, so that's just gonna just draw that that neckline on there We'll see how that pans out. So I can actually clean up my charts ever so slightly Because we're quite far away from a lot of these other areas. Okay, right So that kind of gives you a bit of an idea of where we are with the UK market Let's move on to Japan 2 to 5 now Japan is going great guns this morning as dollar yen has accelerated to the upside Obviously with the non-farmed coming in quite strong You've got one country who looking to raise rates another country who are looking to have a big reduction in the value of the currency to try and do more quantitative easing and That's the perfect storm for Japan 2 to 5 makes their international companies more competitive So we'll look at dollar yen in a minute, but nice technical breakout on Japan 20,087 will be the next potential support. So let's have a look at that breakout dollar yen very tasty 12442 is the next potential support. I had a fantastic day on Friday closing at the top end of this range Popively broken out for that that pattern Which is great finally it's got a long way to go until it breaks through 126 But certainly things are primed for for dollar yen Certainly have the fundamentals backing up as directional move and the question is well when will Japan Do something in regards to stimulating their own economy? They obviously want to hold that back from when you really need it But a lot of traders will be looking at that. So looking at West Texas has come off three days in a row There's the three black crows, which is just three big red-bodied candles on the downside We're below 45 spot 85 We've talked about this a lot over the last couple months 42 dollars is potential support 49 30 39 40 49 40 sorry, it's potential resistance and we're kind of using this 45 85 as an oscillator Because it's kind of very much in the middle and currently with that and the bottom end of that of that pattern Matt these flat other technicals relatively neutral It looks to be that West Texas is going to take the rising interest rates as a short-term negative symbol So looking at gold enterprise and the gold getting absolutely destroyed below 1,000 or 100 with 10 72 being the next potential support and we've not even had that rate I get she's dug at the FOMC session gonna happen in November and that's kind of when they're gonna say We're gonna do something in December. So We've had a kind of a kind of a dead cat bounce, I guess maybe first thing this morning It's gapped higher. So already up the session lows. You might get retracement back up to 1098 and a lot of traders will think about that as an opportunity depending on your own view on gold That could be an opportunity to go short or if you think there's gonna be a recovery You might get a technical breakout on the other side. So let's have a look at dollar yet your dollar and GBP USD So your dollar obviously had a bad day there on on Friday as a dollar's Advance across most of the majors. We've had that kind of retracement so far today Towards one spot zero seven eight six longer term potential support is at one or five twenty four And if you finish up with GBP USD You can see that it's had two very bad Candidates this is after Kearney's speech this after FOMC Comfortably blow one spot fifty one eighty five longer term potential support one spot forty eight thirteen Right, so I'm very strong divergence there as well. So today not a huge amount Obviously over the weekend. We we've had some data. We had trade balance from China, which came in worse than expected You know the Chinese market actually up this morning about 1.6 percent tomorrow. We've got Chinese CPI and then on Wednesday And see what we have if we've got unemployment data from UK in fact, there's just nothing much really exciting Macro data wise until you get on to Thursday. We've got CPI for Germany industrial production employment data and Weekly petroleum status update awesome Okay, so guys keep your eye on the chart forum as ever make insides part of your later going forward and join me again Tomorrow to find out what happened next