 Hi, good morning and welcome to today's products and focus so general themes for for this week seem to be after the FOMC last week With the Ellen slightly more dovish statement That the dollar has kind of dropped down and that in itself has given a kind of carte blanche for the markets to kind of rally up That little bit higher the Chinese markets do much better than expected for for March versus February and the US 30 has Just gone great guns has been shooting up higher UK markets certainly not that not that strong It's really kind of struggling a little bit But I think the US market now should begin to get get get ramp back up again We're not really that far away from the all-time highs that it had it's had a fantastic run We're also getting quite close to reporting seasons. So a stop buy backs in US will be taking a little bit of the backseat so they they'll be actually a block on that for a little while and When we have a look at it from a technical analysis perspective on the US there even when we had the double bottom We pretty much hit our projected price target at the moment. So with no stop buy backs and only the retail Investors able to fuel this rally. There's big question marks over how much further it's actually going to go ahead and go But obviously depends on the earnings that come out From the US market on the back of that as well. So in general the FOMC Doublishness is helping to give a fresh injection into the global economy It's not filling it through to every single region because a weaker US dollar isn't actually necessarily better for the euro zone So there is question marks over what Mario Draghi is going to do next to help to boost The flagging euro because if the euro is much stronger versus the dollar That's actually going to be hurting exports from from Europe as well So we could still be in the middle of the cusp of some sort of kind of currency wars Between the Jeff D's yen the euro and the US dollars. So interesting times ahead, no doubt Let's go ahead and have a look at things from a technical analysis perspective as well Okay, so as ever this is where we are with the US 30 as you can see it's just had a fantastic run Friday was it was good Thursday was obviously pretty good after the after that FOMC session 86% of CMC markets clients are currently Sure the slow stochastic massively overbought other technicals relatively neutral You are still looking at the tips of these candles here has been the next potential resistance In fact, I'm gonna go ahead and add that on there because I think it's as it's worth us thinking about We could be looking at running about 17,970 nine has been the next potential resistance We are in the middle of two ranges right now Basically the US 30s in the middle of no man's land right now, but in the absence of any negative news It's just slowly grinding higher And I don't think we've necessarily reached the the top end of that opportunity But there could be lots of volatility in the meanwhile in between these two ranges So then looking at the UK 100 50 50 seems the markets of clients currently long versus short Not quite so bullish. It's pretty pathetic actually versus the the rally you've seen in the US 30 Brexit still weighing quite heavily on here You do have a sell signal on the slow stochastic and the crossover on the mac d in between two ranges 60 70 could be the next potential support Then maybe quickly on to Japan 2 to 5 It's also struggling to move that little bit higher of this five days negative in a row Lots of volatility soft the FOMC on thursday We're in between two moving averages 21 pure SMA potentially adding support 16 384 being the next potential support level to be aware of 61 percent of seem to march clients are currently along Japan 2 to 5 And we do have a crossover on the slow stochastic and just about to get a crossover on the mac d So not as bullish as the US markets Moving on to dollar yen and there does seem to be a little bit of support close to this double bottom here 111 spot 0 6 and change Actually, it's on the wrong side of 111 spot 61 at the moment With 110 being the next potential support level Moving on to crude oil west of texas A 62 percent of seems to march clients currently short We had a reversal there on friday as rigged data came out It shows a lot more rigs than expected looking for exploration And as follows through a little bit of negativity today A rejection of 40 dollars We could see a potential drift back down towards 20 potential support at 37 spot 59 Looking at gold gold failing to capitalize on that weaker us dollar Lots of ugly long-legged candles right here seems to be about 12 69 There is a lot of selling interest Helping to keep push push go back down We are on the wrong side of that 21 pureed sma today close could be quite interesting 75 percent of seems to march clients are currently long and finishing up with your dollar and gbp usd Your dollar looks to be almost having a little double top right here The tip would be one spot 13 85 longer term potential resistance one spot 14 89 A bit of a reversal on friday a little bit lower this morning 74 percent of seems to march clients are currently short Almost got a negative signal on the solsticastic and the other technicals are relatively neutral And where we are on the uk 100 really great of the day of after the f1z on thursday And a little bit of failure to capitalize so one spot 43 52 If we see drift could be the next potential support 69 of seems to march clients are currently short So we finish up there with the market calendar We do have existing home sales and consumer confidence flash Basically cci dated you later on today Tomorrow we do have lots of pmi data from market The business survey ifo data as well and the zdw business support very important for germany And then on wednesday you got new home sales and the petroleum Crude oil stocks inventory data, which will be great for west texas crude Well guys, that's it for me very good luck with your trading and join me again tomorrow to find out what happened next Thank you very much and goodbye