 Hi, hi, good morning guys and welcome to today's products and focus So what we're gonna be really looking at today is the impact of the the Chinese market sell-off on the global equity markets And where we pretty much go from here. So overnight over in China We basically had a massive amount of volatility again Both the major indices in China ended up pretty flat to slightly down Huge government intervention, etc. Etc. None of the first times that we've actually seen a Big correlation between a negative sell-off in China and the impact most other Western markets yesterday Now we've had a little bit of a bounce this morning on the US 30, but we're actually trading below 17.561 which was a previous potential resistance for the next potential support being down at 17.361 negative cross on the MACD other technicals are relatively neutral from a purely technical analysis perspective We are looking pretty top-heavy right here towards the down end of the range Any could have moved below 17.361 down towards 17 makes things a little bit more dicey very to mind We have been in a long-term uptrend for quite some time the points difference between the top of this candle here That's 1883 and we're down at almost 17.30. So there's almost a thousand points that have lost on the down and Unless we begin to get a big bit of a turnaround soon That's gonna cause a lot of investors and traders to think that there's more negativity still to come now We jump back to yesterday. We actually had decent US data on Friday. Sorry We had good industrial production that came in 0.8 versus 0.5 yesterday and decent business Sir VIFO data from Germany, which really helped to spike up the euro So there is a lot of dollar positive US economy positive, but it's still struggling to push on higher and we are just entering the two-day FOMC Session which finishes up tomorrow with a 7 p.m. UK time Statement from the from the fair from Janet young, which will also give us a little bit of an idea What's going on with interest rates as well? So UK 100 trading between two ranges 65 89 potential resistance 64 15 as potential support negative cross on the MACD as ever And we are currently off the session lows Germany 30 as well looks particularly Unexciting as it's languishing towards the bottom end of its range It's a commodity self as well. That's hurting a lot of these markets Mainly due to you've got copper down at five five year lows You've got a crude down at multi-year lows gold Benefiting from safe haven aspects for the first time in a while Usually Japanese yen has been doing that if I look at Japan to do five now You'll actually be able to see that we've bounced off potential support this morning at 20,000 87 But the long-laid candles are indicative that there's not a lot of confidence there also coincides with two moving averages So that's adding potential resistance pushing that down Now moving on to dollar yen You can see it's had a bit modest rebound off these moving averages So the ultimate the opposite of from Japan to do five one twenty four forty two still potential resistance But people are buying the Japanese yen as a safe haven against uncertain to the markets Tomorrow in China will be interesting So if you have a look at crude it seems to be kind of Accelerating to the downside right here a negative day again. Yes to the not really fallen through with much vigor this morning 4585 is the next potential support level especially we continue to see dollar strength that will add short-term pain to West Texas True so golds all over the show up quite volatile again long-laid candles both sides more longer like a candles at the Bottom side right here. This is four-year lows down here An unwillingness to be able to break higher. We could be getting Symmetrical triangle formation developing here, which is usually a continuation pattern Which would probably put more on us in the downside rather than rather than the up but it'll be led much by Uncertainty and volatility in the markets and what US rates are doing so to finish up with GBP USD and Euro Dollar so big spike in Euro fallen yesterday's IFO business consumer sentiment business sentiment survey data from Germany real strong Move right there, but one spot 11 is potential resistance also coincides with 55 pureed SMA And this is the level to be and we're at the bottom of the range is now with the Euro It looks like it's slowly kind of tanking as we speak so finishing up with GBP USD Looked to be Struggling with the tips of these candles to want to stay above one spot 56 We've got a death cross on the moving averages the MACD flattening off and breaking below the zero line But the other technicals are still quite neutral And I think we're pulling to think about what economic data is due out today So we've got GDP at 930 that could be kind of interesting for if you're trading cable Especially comes at strong. Then you've got CCI from from America at 3 p.m UK time remember It's not until tomorrow that we get the details of that FOMC meeting but starts at the Wednesday You've got a CCI from Germany housing index from the US petroleum data Which has ever has been coming out higher than expected the last couple of times That's been really adding pressure in West Texas crude and the finish is up there with that FOMC statement That's gonna be really important there tomorrow at 7 p.m So there we guys keep you on the chart for multiple cool analysis here from our global analyst team and some of our CMC Markets clients as well and make sure you make insights part of your layer and join us again tomorrow to find out what happens next