 Hi, good morning and welcome to today's products and focus. So last night we had us retail sales which came in Well-blown expectations all of a sudden the rate hike is completely off the table again pretty much equity markets have all rallied the dollar Has taken a bit of a backseat and we've made back some of the Some of the the gains that the dollar had made against a variety of different currencies And we've even seen dollar yen up and down like a yo-yo as well So it promises to be quite a volatile session as ever So if we have a look at the US 30 you can see on the back of those disappointing retail sales figures We had a big massive rally So we're looking at 17 895 as potential resistance. We broke above the 55 period SMA We didn't cross a zero in the MACD and we are looking at the next potential resistance is at 18,000 So what difference the day makes my foot most global equity markets almost all of them are all up today Especially Japan to do five which we'll come back to in a second. It's now at 15 year highs So looking at the UK 100 not quite a roses picture as the as the US session came off a little bit towards the end right there You notice that it stopped below 67 71. It's still there just now training above the 55 period SMA And if we do manage to get some momentum to push up above that then 6906 could be back on the cards Japan to do five so dolly ends up to be a big driver of that Having almost it's above 121 right now. You just see this massive breakout. So there's a stock on the Japan to do five Which came out with a massive dividend increase last night actually surged about 12 percent And this stock has got an unusual waiting on the Japan to do five So that's why we've seen such a such a big move on that index versus the other markets Not because the whole of Japan suddenly turn itself around in a big massive way, but Because this one stock in the waiting that that has had in there But certainly real strong technical breakout yesterday another push higher today The longer-term potential resistance and this is I've got a 15 year highs already bear in mind that Japan's been And stagflation for a couple of decades. You are looking at 20,860 as an ex-potential resistance That's a long way away from where we are right now. So if there is any Diamonds pressure there you will be looking at a potential springboard of 18 648 is being a support But the longer-term potential resistance is a lot higher at 20,868 and the Bank of Japan is just embarking in its own stimulus measures right now as well So things could be stacked up quite nicely there. So moving on to dollar yen You can see that 121 87 has been in play since the mid-December We've had a couple of Nivels at the potential resistance over the last couple of sessions specifically there on Tuesday Where we actually posted doji candlestick formation the last two days we've been down lower But it's a these would be hammers if they're at the bottom of the downtrend because we're at the top I'm not trying doesn't really count But it gives a bit of an idea that there has been there has been selling close to resistance But then it's been getting pushed back up by the buyers So 121 87 should be an interesting level to continue to watch on this couple days And today we do have some US data that could help drive that higher You've got PPI and you've got the consumer sentiment survey and that's at 12 30 UK time and 2 p.m. respectively Moving on to Crudall West, Texas. It is at the bottom of a trend looking at 43 spot 29 as a potential support level and looks to be the rally on West Texas crude is really Sputtering out right now. So I was looking that we were resonating around about $50 for a while there We are a good bit away from there just now good $3 away. So Continue drift might be expected. So moving on to gold Interestingly with those retail sales figures disappointing and the dollar moving up slightly against the Euro and You know, so so that's right with the you're gaining a little bit of extra momentum against you this dollar You would expect that gold would have posted something a bit more decent yesterday, but very volatile candle Doji formation at the bottom of the downtrend. So it shows a lot of an action Needs to pick a certain direction. We are moving a little bit higher this morning, but not with that much conviction Now if you look at the Mac in the RSI, the RSI has been oversold It's just about to break through the 70% level which being dick of a potential reversal Not it's not done it yet though. It's a couple you can see here on the screen Just a couple of pixels away and the slowster cast that there is is in Oversold territory, but it's not yet curved back up So if we do continue to see drift you are looking at 11 37 as potential support This might be the area where a lot of gold traders are waiting to try and instigate those long-term billows positions again So looking at your dollar, it's still an ugly picture, but you can see it managed to post positive candle yesterday It's a negative third to today only just it's been lower It's pushed itself back up the technicals are obviously massively over oversold But this is driven more by the interest rate aspect in the ECB stimulus package rather than the technicals But 107 86 the potential resistance and 102 23 stellar potential support Not really a huge amount to to talk about with your dollar right now because it's so far away from any of these potential levels If we look at cable it really came off again yesterday And we are very close to one spot for 813, which is the lowest that cable has been for some time We're looking at last summer in fact, so summer 2013 so about two years Which doesn't look great for the sterling versus usd sterling is actually doing okay versus some other currencies We have look at like sterling euro for example, it's okay But against the US dollar has had a significant drop in fact if I just go to my drawing tools right here And we select the price line view measure from July last year to now From here. You can actually see that's down 13.62 So not a great time to be going over to the US on holiday Incidentally when you've had a big decrease like that But that just gives you a bit of an idea of off the moves that we've seen right here and historically how far back that goes so If we fast forward on to Monday to see what other economic data there is Not a huge amount Tuesday lots of CPI inflation data ZDW business report from Germany that should be quite good going on to Wednesday. You've got Bank of England MPC minutes employment data as well and crude elementaries And that of course, of course, this is a big one. You have to make sure that you've got that set there that's the FOMC policy decision on the 18th of March is Wednesday and This one is important because we're looking for the actual record in the statement about Their stance on interest rates fairly enough So that one won't be a big one So make sure you don't miss that one and as ever keep your eye on the chart for them Make insights popular going forward and join me again on Monday to find out what happened next