 Hello, good morning and welcome to these products and focus the most global markets over in Asia for a start We actually had a 7% drop in the Shanghai composite index yesterday as there was restrictions on margin trading and a draw and a kind of a reduction in liquidity to try and take some of the heat out of the the Chinese stock markets as they have pretty much gone up about 45 50% since the start of the year so that big correction has put some traders in that part of the world on the edge and It's kind of roughly trickled down in some of the other markets, but nothing nothing too major You can see that yesterday was quite a volatile day. We have been down much lower We managed to close at the at the top end of the range just above potential support there at 8 1 1 2 Moving on from the US 30 because to be honest there's not a lot happening in that market right now You can see that the UK 100 is grinding up a little bit higher. It's failed to fall through first thing this morning But we've got 784 is next potential resistance, which we will hopefully try and break this Selection of lower highs right here. So you've got a high lower high lower high lower high We needed to go a bit higher to break that cycle other technical indicator They're pretty neutral we're trading above both moving averages and uptrend is still intact for now But I can just go ahead and get rid of that. I think So that's where the UK market is moving on to Japan 2 to 5 interesting we've got the two Negative candles. Yes, this one's obviously finished today's one still still going strong We are moving lower, but we have been lower still by these long-legged cans right here and we're About three quarters of the way towards the next potential resistance at 2868 and we did have a better reversal and dollar yen last night We did break 124 spot 30 only then to move a little bit lower on the back of some Japanese government officials who mentioned that the yen weakness was Was not so great for some some regions some aspects of their economy Some people took that as a measure of all which takes money off the table in case there is some sort of Action not now, but at some point in the future So you can build up this evidence that all of the Bank of Japan might do some sort of Intervention in the future because you know, we are looking at 13 15 year highs 13 year highs actually for dollar yen. So that's quite interesting. So if you're looking at dollar yen You can sit on the internet chart is it's all over the shop the sea song all over the place, but on the daily Candlesticks you can just see that yesterday. We just touch this one 24 spot 42 only to move back down again Actually, just broke it ever so slightly and we are just consolidating at the moment a little bit below here So it's not a having an immediate sell-off to be honest MacD is still moving up nicely the slow stochastic RSI are both overbought Haven't yet given a signal to sell but 124 42 would be the highest that all the ends been since 2002 West Texas crude doing okay. Actually a crude elementaries came out less than expected So that was kind of interesting that regardless the hammer formation I've got normally from a technical perspective that would be seen to be quite a strong reversal signal But I think you're gonna see West Texas crude still crammed by dollar strength Which we're not really seeing a huge amount of first thing this morning to be honest like cable is reversed Well, actually against cable is done. Okay. You have dollars. It's not so bad, but The dollar could still have a little bit of extra room for maneuver Which would obviously cause a little bit of diamonds pressure on West Texas crude But I'm information here right now anyway, but no follow-through so far Moving on to gold gold's been not doing a huge amount Again volatile session yesterday 1186 is obviously an important strategic level for many traders here We've been below it, but we keep closing pretty much bang on it each time it tries to take up a little bit higher It gets pushed back down again. So we've got this flattening out of the candles 1186 87, I think we're just waiting for some more macro data, which I believe we might even have some today an America big one GDP and that could be the one that could be a precursor to the next set of moves on the American stock markets and also for rate rate talk Obviously, this is a real big one as to the strength of the American economy Recent data releases have been surprisingly quite bullish considering they had been so weak for some some time But 130 UK time that could have a decent impact. In fact, we fast-forward on to Monday next week a whole bunch of eurozone CPI data some inflation data and then PMI data in the US as well, and if you're going to Tuesday would you have CPI and some US domestic auto sales stuff, but Greece obviously needs to get to some sort of deals soon I think they're hoping to have something done by Sunday It's the fifth of June that they need to make their next payment of debt And also pay out your pensions and everything else. So they really need a deal But it's gonna go down to wire. So looking at GBP USD You can kind of see that once I broke this up trend line. It has then reversed to move down lower It's been lower yesterday than what it is now, but this isn't a gray Series of candles has had six down days in a row one spot 51 85 is the next potential support level Technicles are all pretty neutral to be honest I'm finishing up with it with your dollar your dollar managing to squeeze out two positive days there For Thursday and Wednesday, we are trading pretty much bang on that 55 period SMA longer term potential resistance one spot 11 and as you know already one spot zero seven eight six and potential support So we're slapped back in the two ranges Mac these is crossing the zero line So that's negative from a technical analysis perspective Whereas the RSI and the slow stochastic are not doing a huge amount so I wouldn't be looking at your dollar was in the middle of these two ranges right now, but I think It's dollar yen as for a number of traders are still going to be looking and we just need to get above one 24 42 of some conviction and then see what happens after that So as ever keep your eye on the Char forum make insights probably later going forward and join us again on Monday to find out What happened next?