 Hi, good morning, and welcome to the day's products and focus as you'll see there the u.s They're reversed they're on Wednesday overnight as now bounced off that potential broken resistance now acting as potential support as 16 5 9 8 now if I look there at the UK 100 kind of similar Kind of picture, but we were trying to push up that little bit higher this morning and Looks like we are very close again in the UK 100 to breaking Getting through fresh all-time highs there as well, but I need to go be back here onto monthly chart To really get a bit of a flavor, but where where we are My fact not an all-time high chart, but certainly from the year 2000 as you can see there Close to 7,000 is the level to to beat I need to add that on to my on to my chart They're just now we are not a huge distance away from there just now But I'm sure if the footsie does break through that level that will be significant going forward So that gives you a bit of an idea of what to expect right there So if I look at there at Japan 2 to 5 You can see it's bounced off potential support at 14 2 1 9 Still in the downtrend right here. I guess it'll end came off a little bit yesterday But slowly trickling back up again as ever 14 2 1 9 looks strategic in the very short term So looking at then dollar yen so dollar yen has has been bouncing around here for a little while Hasn't been breaking up that much higher. I'm gonna add this extra level of support round about 101 35 We are making this kind of you do have a kind of triangle formation right here Which I do need to actually draw on here. I think if you are taking these tips. This could be a Kind of descending triangle formation. We're either gonna break lower below one-on-one spot 35 Or we're hopefully gonna get a move above one-on-two spot 87 at some point soon And whichever direction that seems to break out might give us a little bit more Indication as to the future direction of dollar yen But right now while we're trading in the middle of the triangle there It's gonna be a narrowing range that will continue to get tight tighter as time goes on So then having looked at West Texas What I actually have to do here is have a quick look at my last piece of analysis that I've done on here Just so we can update all that and as you can see we actually touch quite close to one of three spot one of three dollars And it just post the graveyard doji formation on there. Now. We actually had our Crude oil inventories that came out yesterday They actually it came out a quite a decent figure, but the markets kind of pushed up and then kind of Sold off again on the back of those oil inventory numbers showing an increase of Of storage of crude oil this lit so quite an interesting day there on crude oil But it's paused there pretty much at one or two And hopefully we'll get a re-challenge of one or three again soon to see we can break up to get close to one or five dollars but this candlestick formation here is not perfect if you're if you're bullish on West Texas crude as Usually this is sign of a potential reversal, but it'll all depend on the fundamentals And how that continues on so that's where we are with crude oil if we then have a quick look at gold gold is again Wrong right side of 1295 Struggling to break through 55 period SMA. Ideally you want to retest the 1332, which is the next potential resistance We are still making a pattern of lower highs here We need to get a break and close above this 55 period SMA Which is a cap for for most of the end of April and the start of May Now looking at FX very volatile sessions that we've seen so far I can see here on my other my other chart didn't they charge your dollars is selling off aggressively this morning and There are there is news out today in the Financial Times and other financial websites that the ECB is readying a Package basically to cut rates and the eurozone now people be talking about this for months and months and months And they've never done it but it seems to be the closest it's ever been now for their next meeting Now that's not today instantly, but as you can see there there is a lot of selling on your dollar I can see there's a lot of selling on cable as well. So very aggressive self I think this is probably changing the course of dollar yen slightly Not the answer your dollar To have this aggressive sell-off and to have that major piece of fundamentals coming in it about the CCB rate cut It could it could cause a little bit further pressure on the CFX pair We'll just have to see how that how that pans out, but it could be a game changer depending if if and when they do it So I'll have a good look then cable This is again a quite an ugly series of candles on here and sterling was doing so well And that was in the back of an ECB statement yesterday and the ECB your Bank of England Came out with a Statement around their monetary policy and interest rates and it was very very dovish surprisingly dovish Considering that most traders out there thought that out of all of the European countries that the sterling was going to be the one of the first One is actually raise rates But the comments yesterday were very dovish and as you can see the self has been quite pronounced We were actually about to post a bullish and gulfing power and a completely reversed course Or about my day yesterday, and now we're retesting potential support at 6740 forum Regarding announcements, we do we've already had GDP over in Germany Which came out slightly better than expected But then later on today at 10 we do have CPI and GDP and the eurozone and Then we've got CPI in the US and jobless claims as well So your dog could be quite interesting It wasn't for the fact that completely dominated by this potential ECB rate cut package that's been put together right now So I don't think it really matters that much how the economic data comes out today because the markets are already making the decision That is going to happen and that's adding pressure keep right on the chart forum From updates from a global analyst team as ever and remember insights will give you valuable valuable Kind of contributions from a global analyst team about what's moving the markets today and join me again tomorrow to find out what next