 Good morning and welcome to today's product and focus so you can see the US they're there had an okay day there on Monday for the rest of the European markets were closed for Labor Day and for obviously the start of May they had Friday and Monday right there but we are kind of grinding a little bit higher still making this pattern of lower highs we're not breaking out as of yet but 18,112 is the next potential resistance level to be aware of regardless taking my data obviously we've got non-farm perils coming on Friday that's gonna be a real big one and you've got today alone you've got US trade balance and you've got some PMI data due today in the US so that could be a little bit of a precursor to the next move higher or lower as you saw an article regarding one of the Fed members coming out saying he's quite a dovish Fed member regarding interest rates that he would like to see an interest rate hike sooner rather than later but that slow trajectory is probably going to be the way forward so that likes to shake things up ever so slightly moving on Wednesday you've actually got a whole host of other PMI data for market and you've also got some HSPC data there as well from China, Germany, the Eurozone, the UK you've got Eurozone retail sales, ADP private payroll numbers which are obviously quite quite popular and then you've got your petroleum reports as well so jumping quickly on to the UK 100 we had a decent day there on Friday and as you can see there we've moved a little bit lower already this morning still hovering quite close just to recent highs just taking our heads still above 7,000 right there other technicals relatively neutral and you move to the downside you might still be looking at 69 and 64 has been potential support to look out for so moving on to Japan 225 we did see that Australia cutting straights overnight and actually the Aussie dollar bounced immediately moved down but then bounced higher as a lot of kind of APAC regions are beginning to show signs of slow down a lot of PMI data releases are coming out below say 50 which meant to show our contraction those economies so they're trying to do like stimulus they're trying to think of other ways to keep your economy going obviously got China as well so Japan 225 edging slowly down this morning having had a couple of gains a lot the last two sessions there on Friday and on Monday and certainly we are looking at a longer-term potential resistance around about 20,087 still being in play but a little bit way from that just now bouncing between two moving averages you 21 and 55 period SMA and you still have this up with this uptrend line here within the channel formation providing potential support and that is quite close to the 55 period SMA on Japan 25 so they're moving on to dollar yen dollar yen trading at 120 at the moment a little bit away from the this level at 119 has been in play probably since November last year we've been also laying around it for some time we're not huge distance away from there right now but we've had two days of very little movement on Monday and again so far today very tight candle levels trading above both moving averages 21 and 55 period averages right there but the other technicals are still relatively neutral with maybe the MACD just a bit across the zero line which would be seen as a little bit of a bullish figure on there so jumping on to West Texas crude so there was reports yesterday that Saudi Arabia sent limited ground forces into Yemen which proved to be well they denied it anyway and if there was any trips it was only special forces and only a small number of them but there was little ticks up and crudall yesterday nothing nothing major ended up with a doji formation still trading below fifty nine dollars we're at 58 right now and that actually coincided with the tips of the previous candles right here we just add that on like that you can always say that we're about 57 that was broken resistance now expected to act as support very tight range on here maybe period of consolidation expected on West Texas so moving on to gold gold so 1186 seems to be a level that it likes to bounce around we're trading below both moving averages this is expected to act as a potential support resistance other technicals are neutral all depends on what the dollar does next so watch out for some of those US economic data releases today to add a little bit more colors to what's happening there I'm finishing up with your dollar and dollar and GBP USD so your dollar drifting lower again pretty much bang on potential support at one spot 11 we've had three three days off I guess accelerating losses ever so slightly said doji formation more more candle body there more candle body today that could be three black crows began to form after doji formation obviously we just just started a session there today and there is a fair amount of US economic data that could bounce us around a little bit as well and then finishing up with GBP USD it's had a real bad last couple of days especially there on friday came off quite quite aggressively this UK election on Thursday the 7th of May we're treating below one spot 52 85 which is expected as potential resistance now so what support's been broken we've almost got a crossover on the MACD can see the histograms begin to retreat we've had a self-signal on the RSI in the same vessel to cast it so from a technical perspective cable looks weak and that pretty much gives you everything you need to know about the markets today so keep your eye on the chart forum make insights part of your life going forward and join me again on Wednesday to find out what happened next