 Hi, good morning, and welcome to today's products and focus Most of the markets are actually up a little bit higher this morning as we roll into the E the ECP decision We've apparently got leech yesterday Unconfirmed sources saying it's gonna be 50 billion dollars a month. So it'd be 600 Sorry, not not dollars, but euros or 600 million euros for the year or one trillion euros for the next 18 months depending Which way you look at it because it's from now all the way into 2016 So that was a little bit less than what? Some commentators wanted your dollar incredibly volatile. We'll know for sure today at 130 UK time US 30 poking its head above 17 546 eyeing up 177 38 we do have that death cross on the moving averages which should put some traders off But we have been whipsawing a lot last couple of sessions All other technicals are neutral bar the MACD. That's close to posting a bullish crossover So things could get quite interesting and there's loads of economic data due out today We'll come back to that in a second. UK 100 doing very well lots of UK data out today Looking at 67 71 and a breaking close above that with that challenge all-time highs of 6906 Technicals looking good. These still are neutral across the zero line with the MACD But we are showing some deceleration as we get closer to 67 71 Which as you can see has been quite an obvious support slash resistance level for six months Moving on to Japan to do five dollar yen has not really done a huge amount. Thus Japan to do five has not either We are trading above both moving averages. We've got a bullish cross in the MACD potential resistance at 17496 Obviously we didn't have any action on the Bank of Japan on Tuesday night So there still is extra room for Japan to be five to to grow should the Barking more stimulus in the future. So things looking okay for Japan looking at dollar yen Almost a bearish and gulfing pattern that we closed a little bit Higher than at one point earlier on in the session. We're trading between two ranges right now Dull is kind of hard to get involved with right now because you're quite close to 70 117 spot 36 to 118 Spot 99 we're almost trading inside two moving averages and the technicals are quite neutral I'll be at the MACD is on the zero line Looking at the pattern right here. We've got move to the upside move to the downside move to the upside You've to the downside move to the upside. We could be in the middle of some sort of descending triangle formation right here Depending on how things go. I'm guessing if you Japanese yen has been Trying to fight back against the rampant use dollar strength for a little while Then people still think you're longer term us deal US dollars got a lot to offer But we really struggled in this cell 117 to 121 range so we could do the break out of either section for choose choice in the direction So moving on to Cuddle West Texas again consolidating quite close to 70 47 dollars To be honest not much else report here. It's not been that exciting to trade last couple of days Moving on to gold Gold's got a dose information Was unable to capitalize on this break above $1,300 But flat just now 1296 you still be acting as short-term potential resistance and needs to get a break and close above that before we can Re-challenge these higher levels and we mentioned this before your next level was probably running bit here We're in the 1322 and then after that you do have the tip of this candle right here She looking at 1345 as the next levels on gold So finishing up with your dollar and cable a lot of Contrary to these things being priced into your dollars obviously been in downwards trend for some time If for whatever reason the ECB comes out with a figure greater than 50 billion euros a month Or more than the trillion dollars to the end of 2016 Then we'll get a little bit more action on your dollar if it comes in as expected or even slightly less That's when you'll see what comes out as expected your dollar probably do not that much It's already priced in if it comes in slightly less You'll you'll see a slight slight bounces and your dollar has been particularly volatile last couple of last couple of hours Into yesterday afternoon at one spot 1642 is still a potential resistance longer-term potential support still remains at one spot 0-7 but we're a long way from there right now I'm finishing up with cable Which had stage a little bit become back yesterday as the Bank of England vote unanimously to keep interest rates at zero There had been a 7 to 2 split for some time But now it's 0 to 9 all in favor of keeping rates at zero had given a bit of a shot on the arm for Cable, but that since had the air let out of its of its sales and it's on the wrong side of potential Support slash resistance one spot 51 84 longer-term potential support one spot 48 13 And I did draw this in before But we do have a level potentially Maybe not so good there now, so we'll see we'll see I think we'll see a things continue to pan out But we do seem to have consolidation at one spot 51 85 so economic data wise You've got public sector debt in the UK. You've got the ECB rate announcement That's probably gonna remain the same as 130 UK time for the for the for the meeting statement, which will have any details of the Of any QE keep your eye on Reuters news loves in the chart forum as well For details off that you've got Eurozone CPI at three o'clock, which will be quite important for inflation aspects this will be interesting for people who are trading gold and You've obviously got the crude oil inventory reports, which people will be looking at Friday fair amount of data as well You've got Chinese PMI German PMI Eurozone PMI UK retail sales and finishing up with US home sales So lots and lots of of data today and tomorrow should be quite an exciting session after a half past one So as ever keep you on the chart forum I can see we've got a couple clients here posting known analysis in conjunction with with Michael and Jasper Make insights popular going forward and join me again tomorrow to find out what happened next