 Good morning and welcome to today's products and focus. Well, I guess most of the news that's going to be felt right today is going to be Thursday's incoming ECB Meeting and whatever not they're going to have their announcement of QE I guess many traders are already betting that is the case That's why we're seeing a still a little bit of slide in your dollar and a lot of the European equity markets are quite Well-supported the question is if they do do it will it be 500 billion or will it be 1 trillion will it be less Will it be more with them most Analysts probably erring the side of caution think the ECB aren't going to jump the gun right away Especially with a lot of the German banks German governments are not very keen on too much QQE But nevertheless the US market has not done too much falling on from Martin Luther King deal Monday lots of Quite a lot of volatility incidentally bouncing between 175 46 and 17361 Thursday does come with a whole host of data Some American mainly European incidentally, so that's probably by most of the action is interestingly we're quite close to get our Death cross on the moving averages They make the is crossed a zero line whereas most other technicals are quite neutral as well So having a quick look at the UK100 you can see there that we are approaching 6686 decent day yesterday decent bounce off 6589 We are a little bit down today ever so slightly on the wrong side of the line Looking at the Germany 30 you can see there that it's moving in a little bit beside is moving action Well, you can see it's on my entry charts on my other side right here, but it's relatively flat as well So Japan to do five down a little bit today as Bank of Japan did not expand their stimulus package Which was widely expected actually by the market. We've seen a decent turn around a dollar yen Overnight as yen's increased increasing strength, so they didn't do any more stimulus So add a extra strength to Japanese yen. It's not that risk risk on us fully gone gone crazy but People are buying the yen not necessarily to save haven today But just purely because the Bank of Japan did not do that did not implement more stimulus last line So looking at dollar yen You can see that a bearish and golfing pattern is currently in play Coming up close to death cross and moving averages not quite there yet We actually have a fantastic end to the session only for it to to come off Quite aggressively later on in the session 17 spot 36 the potential support word had a little bounce off there this morning But it has come off over over a hundred points since the news came out So moving on to cruel with Texas bad day yesterday dropping quite quite a few percent Still targeting well, you can actually just see right here We are on there if we if we look at the potential support short-term sport run about 67 We're on the wrong side of that line right now. So we've got to be looking at $44 as being the next potential support level to be aware of on could so moving on to gold gold is in its gold NAPEX right now. So it's broken through $1300 As people started by gold to head against the easy any ECB movement arguably you could be looking at 1321 as the next level of potential support In fact, I'm just gonna get rid of some of these other support levels Just to clean the whole process up that little bit more and maybe keep those other levels on there for now As you can probably figure you would be looking at 1345 should levels continue to break got a bit of a doji formation right now But we had a very strong close last night. We're not quite following through there today with a lot of vigor But there is a lot of potential for this to still move a little bit higher, especially should the should the ECB Embark on quite a large amount of quantitative easing people might look at gold as well Equities will be good your dollar will go down depending on how much QE you have it here I think the market's already pricing and around about 500 billion But it will still move because then there's absolute confirmation if that happens, but there's more than 500 billion Your dollar might the move might be exacerbated. It's still consolidating a little bit around one spot 1642 Which is potential resistance now. It's not been doing a huge amount in the last couple sessions But we're so far away from any potential next support level I think that's probably why we're hugging this potential resistance level because it's just so far away from anything else many significance So finishing up with GBPUSD Again bouncing around one spot 51 85 can't imagine you could be a huge amount happening today Mainly cuz all about Thursday So we do have unemployment claims at 9 30 in the UK Can't imagine that's gonna move the markets that significantly But it's all about Thursday. So remember you've got German PMI. You've got UK public finances. You've got CPI in the UK. You've also got the ECB meeting You've got US unemployment claims. You've got Eurozone CPI and you've got crude oil inventories. So you couple that all together with Potential QE Thursday basically when everything's all gonna go down and if we fast-forward on Friday Big PMI data from right across from almost every aspect. So you've got China, Germany The Eurozone and then you've got retail sales from the UK finishing up with existing home sales in the US So Thursday is obviously the biggest day But Friday still has a lot of juice left in it as well. So keep you on the chart for them You've got Michael and Jasper here adding a whole host of technical trade setups regularly throughout the day So this is very very good to have a look at if you click on view chart analysis For example, it will actually load up a chart with with Michael's analysis already drawn on there for you Do make sure you get a chance to have a look at that and just synopsis some very interesting TA to be aware of and make sure you keep on making insights part of your layout to get the inside track from a Global team as to what's moving the markets today and join me again tomorrow to find out what happened next