 Hi, good morning and welcome to today's product and focus. So I guess the first bit of news to talk about is the selling ban in China between large shareholders will more than 5% of company equity are banned by the Chinese government of selling any shares And that's caused a big massive rebound an additional conference It might be short-term in nature for retail investors But the Chinese indices all finished up about five or six percent up last over overnight That's falling on from this 8% drop the day before with the Hong Kong stock exchange finishing up about three or four percent higher as well Knocking effects on the US market the New York Stock Exchange Actually was down for about three hours yesterday on a technical glitch the same day as United Airlines It was also down on the technical glitch and the Wall Street Journal But it is 100% not a cyber attack or anything more nefarious than that But a lot of things all happening at the same time just as China's stock markets I've been getting absolutely ravaged the last couple of days So I wouldn't be surprised if there's something a little bit dodgy or strange going on But the US stock exchange did use stock markets did not react that well to obviously those halts But it's worth noting that compared to London who has only London stock exchange There are multiple exchanges that you can trade stock shares on over in the US So they are not as as open as what to say the UK would be So they had other exchanges that you could have settlement your trades on so not such a big impact US stock market nevertheless dropped a little bit lower as well And we also had the FOMC last night where they said it was dated dependent as well for the next interest rate hikes But the reality is I think the Fed's gonna wait to see what happens with Greece and China Before making any specific decisions about their next rate hike There's also big implications of rate hikes and other emerging markets specifically Brazil That has a large amount of us to not dollar denominated debt And obviously if they raise interest rates that is actually physically increasing their debt levels So they don't want to affect the world economy could actually be quite far when talking about raising rates in the US It's not just a US aspect on there. Now the US theory has jumped that little bit higher But it feels transitory in nature Looking at the under day charts is struggling to push up Past this level we are just now in about 17657 but we'll come back to the US markets later So looking at the UK 100 Again negative day double bottom tweezers bottom potentially 64 15 is the next potential support level We've got almost a bullish engulfing pattern right now UK 100 looks good financials and Commodities leading the charge there that little bit higher And that's not about commodity prices getting shot on the arm up and dollar came off ever so slightly overnight I've fallen that FOMC statement moving on to Japan to defy off You can just see this horrible candle we had yesterday decent bounce back today Especially as China had that big massive increase, but we're still trading below potential resistance of 20,087 That's going to be adding a little bit of negative pressure Should things not fall through in positive momentum tomorrow, and I wouldn't be that massive surprised if Chinese Chinese action Still stem to fail does fail to stem the bleed Because it's retail traders are really driving a lot the stock the Chinese stock market just now It's not the big institutional guys Obviously it's giving them themselves a little bit of help But I feel it's just maybe potentials a little bit of breathing room for them. So looking at Dullion similar aspect real horrible day yesterday trading below one spot 121 spot 87 that's potential resistance trading below both moving averages MACD is moving into negative territory our assigns look stochastic still show potential move for forward for further downwards movement With one 19 be the next potential support level As future entry hikes in the US seem a little bit more debatable just now with everything That's happening plus the safe haven aspect of the Japanese yen So moving on to cruel West Texas been getting smashed last couple of days But it's making lower legged candles on Tuesday yesterday and so far today, but obviously still early days 4937 at 39 stories potential support with 54 85 still being the potential resistance moving on to onto gold Actually spiked a little bit higher yesterday instantly so potential Twitter bottom right here Moved higher volatile session away from the highs edging a little bit today I don't really know what's kind of going on with golds and dolly ends a bit easier to understand So if you're looking for a safe haven play it seems to be way better than gold right now I would have expected it to be shooting up bearing mind Obviously they had the FMC last night so we've got dollar weakness That's maybe giving a little bit of a shot in the arm, but nothing really that exciting So dolly ends probably more interesting for me as as a trader rather than So moving on to your dollar Looks to be bouncing rounds resonating around potential resistance one spot 11 We've almost got a death cross and the moving averages Mac these crossed a zero line The other technicals that are not yet oversold indicate and could still be further move momentum to move lower But we are looking like we're trying to read challenges once boy 11 Enterday charts the Euro had been getting a decent run up against the US dollar And it's just having a little bit of a short-term spike down at the moment So do just be one spot 11 is going to be strategic as ever and finishing up with GBP USD It's been getting absolutely hurt smash last couple days. We're below one spot 54-24 We've tried to get above there today push right back down again one spot 51-85 is the next potential support level We're training below both moving averages that Mac these crossing is zero line The RSI is just about to go oversold But it looks to be it could be a little bit of further downwards action before we get any significant rebound We need to get above one spot 54-24 before we can start to really tackle and move that a little bit higher So I come a day wise you've got a UK interest rate announcement today That's not going to change. That's a 12 and then Friday not a huge amount fast forward on to Monday Obviously Sunday is all about the the Greek vote Expect volatility depending on what comes out. This is supposed to be the final final option for Greece So just be careful with your positions Perhaps sure things up before the weekend if you've got any doubt Especially on European indices and Euro denominated FX crosses And as ever guys keep you on the chart form make it that's probably like going forward and join me again Tomorrow to find out what happened next