 Hi, good morning and welcome to these products in focus US 30 there have absolutely fantastic session yesterday breaking all the way up to 17 895 but just stopping short of potential resistance you can see this is slowly drifting down there pretty much erasing most of the most of the losses we've had last couple of days actually starting 2015 higher than what table almost higher than what started the 2013 on so things they're still looking quite quite interesting treatment above both moving averages almost got crossover on the MACD while the other technicals are quite neutral what we need to wait today is obviously for non-farm payrolls and unemployment data to come out so the markets probably relatively flat for the next couple hours as we get ready for for that announcement if we get over 20,000 200,000 jobs created that will be one of the longest running streaks for for some time for the employment data and I think it'll be almost the fifth time in a row that we've been above 200,000 jobs so the actual the actual estimate for that today we just go ahead and have a look at that in a bit more detail directly from from Reuters there is a 230,000 or 240,000 sorry and make sure you look your alarm set for that we did get 321 so I absolutely smashed it last time destroying estimates so it'll be useful to see if today we have an estimate beam figure coming out once again so looking at the UK on the hundred kind of similar movement to what the US 30s had obviously still got a lot further to go to to get anywhere near those all-time highs but trading above both moving averages crossover in the MACD other technicals are neutral but 6589 looks to be the resistance to beat and again it's unlikely it's probably gonna have a challenge of that until after a non-farm payroll figures come out. Japan 25s come off a little bit which is interesting as dolly ends continuing to soldier up is at 119 spots 72 right now let me just confirm that yeah so we are still moving in the right direction but the Asia market come on has come off slightly further than the European and US markets perhaps cap of that 21 period SMA and again approaching 17.498 as a potential resistance and what's interesting about Japan 25 is we could have a kind of a head and shoulders formation here appearing the longer we don't break above 17.496 that increase the likelihood of a neckline break at some point in the future but the trend of dollar yen still looks intact and as soon as we start taking above 121.21 that yen depreciation will help Japanese equities going forward so obviously any quantitative easing that might come out from the Bank of Japan will obviously be a catalyst for that as well so moving on to dollar yen we're bouncing around that 21 period SMA looks to be short term support at 119 which would be an interesting spring board for us to re-challenge 121 spots 87 obviously dollar strength being the course of the story of the week not of the week but of the last couple of months and non-pump heroes comes out much better than expected and the drop in unemployment comes out then I would probably expect that dollar yen is probably well positioned to have that re-challenge 121 80 further on this session and perhaps next week so then having a look at Kurolo with Texas we've actually managed to have two positive days in a row it's not immediately started to drop we are a little bit away from from the bottom there which is 46 74 we are in negative territory so far this morning and it seems to be kind of reluctant again to move that level higher until we get non-farm purals out of the way we've already started to see that some shale oil gas producers in the US have failed for bankruptcy protection they certainly won't be the last for as long as crude oil remains at these low low levels a lot of those companies have probably got about three to six months the smaller firms anyway with not a lot of additional credit available to get them afloat or previous profits to help them through this difficult phase longer crude oil prices remain down here the more likely you might have a domino effect of these bigger US firms and some firms over in Asia who will no longer be viable the business with crude oil at these prices so that will end up impacting some of the global equity markets further on than the line but there could be some recovery we've already dropped about 10% of crude oil west texas this week so it could do with having a little bit of recovery so looking at gold gold not going to be doing too much again until non-farm purals comes out a strong figure increases the likelihood of increase in interest rates in the US and rather than later which is going to be post-april time while expected to be the summertime and the stronger these figures that come out unemployment and NFP that just increases the likelihood that they'll raise rates and rather than later so 1218 is still the potential resistance to be aware of on that one so finishing up with your dollar and GBP USD your dollar almost a multi-year lows again we had that yes you one spot 1753 that's the lowest it's been in a fair number of years and we're still targeting one spot 1642 is the next potential support level and obviously with NFP today depending on how strong week this figure is if it's a very very disappointing figure you could see a decent rebound on your dollar people still waiting to see what's happening with the ECB on the 22nd of January for their next meeting they might come out with their quantitative easing program but your dollar certainly seems to be of keen interest to many traders here at CMC and finishing up with GBP USD is almost stabilizing longer candles for the last two sessions the decade of cable almost finding a floor but again very vulnerable to US macro data with one spot 4813 being the next potential support should NFP be expectations longer term as ever the data that's due out today there's a fair amount out today we've already had Chinese CPI came out as expected PPI slightly worse than expected we've got obviously our payroll data due at 130 and that's going to be quite a big deal and the unemployment rate is going to be pretty important as well going forward so what to do next is to keep an eye on the chart for as ever make insights part of your there going forward and join me again on Monday to find out what happened next