 Hi, good morning and welcome to these products and focus so last night Greece defaulted on their loan to the IMF snow funds across there widely expected becoming the first developed country to do so and now join the ranks of Zimbabwe sedan and sedan, sorry and The mother African nations as well So what we have seen across the across the board is kind of a stabilization off the drop But everything just kind of moving in a sideways action just now a last-minute deal apparently before the referendum on Sunday Is still on the cards? The latest opinion poll coming out of of Greece actually places it very very close With actually a little bit more bias on the no bailout group now There's been people rioting on the streets at night two different groups of demonstrations as well some pro you some anti-assurity So it'll be very interesting to see I think it's kind of pan out and certainly most other global Global markets now are just kind of steady in the course. I'm waiting to see what happens next But the u.s. They're between two ranges 17 561 is potential support 17 747 as As potential resistance in the middle of two ranges right now with them with two distinctly Quite tough technical candles posted yesterday in the day before they only just started today's session The US market is slowly taking up but it doesn't look like a very strong rally to be honest Moving on to the UK 100 Trading below potential support at 65 89 Long-term potential support at 64 15 obviously all the technicals there are They're neutral bending down to bending down to negative But we do have a tweezer bottom here of the two candles Where you've had two instances of strong selling pretty much both down at 6,500 and We've had a quite a strong bounce to the upside So that will be an interesting level of the UK 100 comes back down to there in the future We bounce off there strongly twice. It'll be interesting to see if we get a third time But if you're looking at the UK 100, you're probably looking at 65 90 as a potential resistance level to broken support now expected to act as potential resistance and If we can get above there then we could stabilize and then re-challenge 66 86 Moving on to Japan Japan Managed to get a positive day yesterday bouncing a potential support at 20,087 We're at the top end of the range already today Which also coincides with that 21 period SMA a lot the other technicals are neutral And the longer-term potential resistance is at 20,868 I move on to dollar yen 122 and change Consolidating around about the potential support level 121 spot 87 Some decent data actually coming out of Japan over the last couple of days But we're getting very close now with this 55 period SMA Moving up and tandem each day that we're posting a kind of a console day tree Candle pattern we're getting the certified period SMA coming up closer to potential support 121 87 And as I said the technicals are relatively neutral right now. So moving on to West Texas crude We actually had quite a strong day yesterday But as you can see the tip of the candle failed to break 59 50 and level we talked a lot about when looking at West Texas And it's failing again this morning The dollar is gaining momentum versus the sterling and the euro and that's probably pinning West Texas down obviously it's a global demand story. That's really pushing that down If we get a strong rebound if there's any deal on grease expect crude oil to get a little bit of love as well so looking at gold Not really benefiting at all from a safe haven status. It didn't really do much on on Monday incidentally Failed to break through 1186 and it's drifted down again yesterday and today is not doing a huge amount either So as you look at the long-term trend, it's still grinding lower But I guess you know things haven't really necessarily changed that much in regards to the US with the interest rates and The strength of the dollar though I'm guessing policy makers are trying to see what happens with Europe first to see if it's gonna have a crimp on global demands or not Obviously every says it won't but we'll have to wait and see When the next round of Mac recommend data figure come out in this couple months to real impact of that grease Issue and if there is in fact any contagion. So looking at your dollar We had probably one of the biggest intraday rebounds ever on your dollars History on Monday gapping much lower only to finish up actually above this close negative DS today. We're down again today also trading blow both moving averages and one spot 11 is that pivot that we talked about We are only 25 pips away from there right now and your breaking clothes below that opens up one spot in 07 86 But to be fair if you could just oscillate around that level your dollar could get a little bit of a rebound So moving it on onto GBP USD trading below one spot 57 43 Long-legged candles the last Four sessions and we're on the wrong side of that potential support at the moment moving averages fast catching up Probably one spot 56 is gonna be the level where a lot of traders will we look at GBP USD before now? It's certainly drifting lower Drifting lower just below this one spot to 43 level which means that some technical traders might bring it down a little bit lower So looking at some economic data due today We have a whole host of PMI data from Germany Eurozone and UK ADP private payrolls We remember that non-farm payrolls is actually on Thursday not Friday because of the Fourth of July holidays, and they've got US PMI and ISM manufacturing data and Crude oil and military satchel. There's a fair amount of economic data June the second half of the afternoon today basically from 1.15 or not onwards ADP private payrolls should be important And remember don't miss non-farm payrolls. It's on Thursday not Friday because of the holidays and Join me again tomorrow to find out what happened next