 Hi, good morning and welcome to the day's product and focus so you can see there the US 30 has broken through potential Resistance at 16 738 now targeting 16 9 6 9 and it does look like We're getting a very strong recovery after the wobble in the markets is two weeks ago with most global equity markets Actually moving high this morning at the time of recording this the European markets Just opened with the Germany 30 and UK 100 all seemingly posting a decent start to the morning Technical signals are still quite bullish with the MACD crossover and the slow stochastic there breaking above the 20% level Not like a massive rally this morning But we did close at the top end of the candle on Friday, and we are falling through a little bit more with this so far there today And things continue to go well People will be looking will be looking at 17 362 As a longer term all-time high and the next potential resistance after we break 16 9 69 Looking at the UK 100. We actually have been slightly higher this morning But we're still pushing on looking at 6 4 6 3 We are trading above the 21 period SMA that I'm gonna need to tidy up this chart a little bit because we do have a Large number of support resistance levels on here But come back to that at some point later on again technical signals They're also looking relatively positive and nowhere the chart is not quite as as nice as the US 30 In regards to recovery, so there's a lot more ground for the UK 100 to make up Obviously the US earning season is helping to boost the US 30 and we had some very good earnings there on Friday specifically Microsoft still doing quite well in that region as well So a lot of you US stocks outperforming expectations US looking relatively Comfortable as most of these as US earning season only has on the smaller recession left to complete So looking at Japan 225 Dollar yen as ever has been in focus between 108 and 109 And that's helping to push Japan to do five up higher I'll be at their potential resistance at 15 488 has remained in place for the last three sessions including today Which also coincides with 21 period SMA I mean we need to be able to punch through that to to re-challenge 15 8 28 So looking at dollar yen We have been seeing some interesting US dollar moves the last couple of sessions We have an amazing break out there on on Thursday But a lack of a lot of direction and conviction to push on higher So we do appear to be utilizing the 21 period SMA as potential support Which could still act as a springboard to get us up to 110, but today we're already towards the Towards the bottom of the range We almost got across over there in the MACD But we need some positive US dollar news coming out today to help push this up that little bit higher Fortunately, not gonna get it today. I won't think because there's not a huge amount of US data Well, you've got housing we've got a housing index data coming out of to that's not gonna have a huge massive impact on US dollar We do have some European data Tuesday again, not too much Fast forward on to Wednesday Again, not too much Thursday US wide well, we've got a Larger amount of data a whole host of GDP data and jobless claims And that might be Thursday that we have to wait to get that that true catalyst because you're not gonna really get it today Or tomorrow or Wednesday based on a lot of these factors unless earnings continue to to be expectations The dollar might be a little bit listless So moving on to the crude oil As ever West Texas is drifting lower still targeting potential support at 77 resistance remains at 84 Technicles are still oversold, but we're not getting any massive rebound as Kind of supply glut continues to hit the markets obviously we had the crude oil limitaries there last week came in much higher than expected and With Saudi Arabia still looking to corner the market with market share rather than defend prices by cutting back on supply People seem to be quite happy to have West Texas below $80 So maybe we'll get at some point this week So looking at gold with the risk risk appetite back on gold's getting hurt a little bit Retreating back down below 1241 eyeing up 1218 is an exponential support, but you've also got the 21 period SMA right there as well That's pretty closer to 1224. It's just four dollars away from where we are right now We are in the middle of two ranges of gold probably isn't that that much of excitement for many traders out there So your dollar European stress test came out A small number of banks failed between 24 28 banks nothing too major I'll be I guess one of the headlines was that they Lloyd's only just Scraped through that stress test right there. That's why Lloyd's is down We're running about 1.6% was most of the banks are up But the stress test did perform better than in 2011 2012 But still some lessons to be learned right there your zone still a little bit delicate But nevertheless the euro did have a little bit of a move higher this morning But very much lacking conviction as ever train between two ranges one 2661 and 2746 Not really anything to write home about right here We are looking a little bit top-heavy even at the bottom of this uptrend We try to rally back up, but we fail to do so So I think the euro dollar is still very much in the back foot But we do have some European data due out today money supply and German IFO business survey data Which could be either a help or a hundreds for your dollar depending how they come out And we finish up with GBP USD We had a bit more of a rally there on Friday as UK GDP came out relatively well nothing special though But no fall through again today bouncing off that 21 period SMA We're probably still going to be in period of consolidation right here Still looking at one spot 609 to one spot 5917 as a springboard for an eventual Move back to the upside Though it does depend on how strong that us macro data comes out and the way things are going just now I think the the us is about to Push on again But we'll have to wait to see if the data backs that up Keep you on the chart form as always make inside as part of your layer and join me again tomorrow to find out What happened next?