 Hi, good morning and welcome to these products and focus and it's all about the FOMC last night where Janet Yellen mentioned that instead of four Rate hikes there might only be two for 2016 and that's a bit of a backtrack from December last year And they seem to be a lot more bullish about the American economy Not just the fact that there's gonna be less potential rate hikes The big question mark over if there is actually going to be any more rate hikes at all But the actual end result that they're going for is going to be lower as well So in the back of that the US dollars taking about the tumble equities have been moving up that little bit higher And that's been bubbling around in the background. So not a great FOMC very very Dovish in that regard the Hawks completely lost out all together right there You also had the Bank of Japan governor Corota come out saying that there's not really gonna be that much in the Way of other stimulus measures right now. They're negative 0.1% rates There's he's saying that max if the Japanese economy continues to slide They might have a floor of about minus 0.5% but then that's it But of course nobody really believes what the central bankers say right now because they say one thing a few months And they say something completely different a few months later So nobody really kind of takes that much stock in that regard also in Saudi Arabia oil production is again back as a hot topic We've seen a big 5% spike higher and West Texas crude overnight Saudi Arabia is going to be having another oil conference With the major players the OPEC and you've got Russia in there as well And they're gonna say well, maybe we will just cap our own production and just ignore Iran You know, they can do whatever they want. They obviously have a bit of an impact, but Just to try and have that bit of stabilization for prices obviously a war in Yemen and all the other Counter insurgencies that they're doing as well and other regions Is an expensive business and they could actually do themselves now with having that oil price take up a little bit higher So that's the background fundamentals. Let's go ahead and have a look at things from a technical perspective now as well Okay, so this is the US 30 you can see we've had decent move higher on the back of the FOMC last night We are now at 17,400 ish You are gonna be looking at the tips of these candles now as being the next potential support level of resistance level Sorry, 79 81 90% of CMC Marcus clients are currently short Though this is kind of edging higher each day that goes goes by it's had a very decent run since the double bottom that we had there and The end of January. So that's the US 30 moving on to the UK 100 Where you've got 54% of CMC Marcus clients are currently 53% of CMC Marcus clients are currently short You can see that move to the upside. We're struggling to break above the tips of these candles right here So it looks to be around about 6,200 and change We need to get a decent move above there and close above there before we can reach out in 63 27 Otherwise they the bears are going to take control again And it already looks like if you look at this we even zoom in a little bit You can see that we did try and hit the tip of that candle and already it's slowly drifting down that level But lower I'll take it this lead from the US market anyway, but we do have a cell signal and slows to cast it We don't you have that crossover the MACD, but it's pretty much coming anytime soon Moving on to the Japan 2 to 5 Where you have that 55% of CMC Marcus clients are currently long I'll let me just get the the dollar yen up for a quick second And then we'll go back to Japan 2 to 5 You can see there that we do have a bit of a negative turnaround right there where it's jumped that little bit higher Then it's been pushed all the way back down on the back of crota statements as well 16 8 96 as a potential support and that also coincides with that 55 period SMA 55% of CMC Marcus clients are currently long Jumping back on to on the dollar yen. You can just see we've had that decent break to the opposite side Negative rates are obviously positive for the Japanese yen more uncertain to there as well That's what's pulling down the Japan 2 to 5 111 spots 61 as a potential support level 75% of CMC Marcus clients currently long Hoping that they can be a bounce off this level a little bit higher I hope we're not too disappointed moving on to West Texas crude as we mentioned 5% gain yesterday's propelling higher already this morning 79% of CMC Marcus clients are currently short We are getting closer and closer to that psychological $40 round number on the back of the Saudi Arabian Aspects we were talking about and I'm just going to put that potential resistance in its 37 spots 60 because that is going to be important for the future moving on to Moving on to gold And with gold 71% of CMC Marcus clients currently long really decent move yesterday in the back of Yellen's very dovish Commons on interest rates and obviously the dollar is very heavily impacted by the by interest rates It's not had a lot of follow-through already this morning the dip down but then push up that little bit higher But still it's interesting fundamental move by gold And then moving on to your dollar and GBP USD So the the dollar took a back seat took a big bath Actually, the euro is going to get accelerated up that little bit higher follow through a little bit higher today It's still got a break above here before we challenge one spot 14 89 But a decent bounce of one spot 11 as quite useful 84% of CMC Marcus clients are currently short And if you finish up with GBP USD again dollar weakness is the order of the day The sterling was getting smashed has managed to make up a little bit of gains against the US dollar And then we have a kind of a doji formation so far at one spot 42 28 Let's be honest the euro and the sterling isn't exactly super strong either They'd be interesting to see how much that dollar how long it takes for that dollar weakness to to fully work its way out And that gives you a bit of an idea of what to expect a quick look at the market calendar just to finish things off Today comes with a CPI and Eurozone entry rate announcement from the Bank of England Actually, I thought that was yesterday but today employment claim dated today And then we finish up Friday with the University of Michigan consumer sentiment survey and then if we go on to Monday It gives us existing home sales and see consumer confidence in the Eurozone Well, that's it for me guys for good luck with your trading and join me again tomorrow to find out what happened next Thank you very much and goodbye