 Good morning and welcome to today's products and focus well most markets are up a little bit this morning as Chinese data came out overnight, which was a little bit better than what was expected So not quite so much of a potential slowdown out there Which has been a shot in the arm for most Asian markets But it also helped bring up a lot of the European and US markets as well US 30 trying to attempt to break 17 546 Technicals are still relatively neutral Long like a candle yesterday with a negative day This would normally be quite a bad technical signal, but the fundamentals were already in the technicals in the short term There's still not a huge springboard of the activity expected as we get closer to 30s eCB It's all about are they going to have quantitative easing? Will it be 600 million euros? Will it? That's right 600 billion Will it be closer to a trillion? It's they're probably gonna just ease on the gas slightly I think a lot of a lot of traders prefer way more quantitative easing But it's quite possible that they'll just do a smaller tranche to begin with to leave themselves more room for maneuver before And the bid to combat deflation, especially with oil prices Smiling down the but the economy still struggling to push on that little bit higher So does not unbelievable good news I'll be a the Germany 30 is currently trading and help all-time high instantly and Anticipation for for 30s event. So looking at the UK 100 We have been up a lot higher but more of a positive picture for on the from the short-term short action for the UK 100 versus the US 30 The longer-term potential resistance 66 86 We might have a springboard of Support run about 65 89 Though it's been a little bit of a shaky start to the UK 100 first thing this morning Still in positive territory, but only just as of now. So looking at Japan to do five That's a very very big shot in the arm the figures figures from China overnight Potential resistance 17496 retreating above both moving averages We've got a bullish cross on the MACD and the other technicals are relatively neutral indicating that could be further momentum For the price action of higher in Japan to do five and dollar yen has reversed course a lot since the 18th of January last couple days We're now back at 118 spot 27 as a Risk back on at least in the short-term anyway seems to be the flavor of the day. So looking at dollar yen We're trading above the 2055 period SMA looking at 118 spot in 1999 119. It's a potential resistance We should also coincide with that 21 period SMA cap be breaking close above that up to 121 87 should be should be next I'll be there is a lot of uncertainty out there Especially considering European economy slow down and a lot of the APAC countries as well if you if you if you pull China I the mix over in Asia still all those those economies do seem to be struggling So looking at West Texas crude seems you back on the slide dropping a couple of cents overnight Nothing to be honest. There's not really that much to report here I'll be at this candle here still sticks I like a sore thumb from a technical analysis perspective that actually still be seen as quite negative But we do seem to be building a bit of a base quite close to 47 dollars. We're quite close to there right now That level has not changed. So looking at gold Bouncing around 1273 as a potential support level now still targeting almost $1,300 the next potential resistance Should the US dollar? We can ever slightly if the markets do sell off goals quite well positioned to take the next step step up But I firm equities continue to work to kind of grind higher Then gold probably will sneak down ever so slightly again. It all depends what happens of 30 So moving on to the apex pairs you got your dollar I had a slight retracement of one spot 1642 quite well Quite well position I guess for the next move down if that is a retracement back up to potential resistance Some people might sell here the stop a little bit on the other side Failing that if we do get a move to the upside one spot 1872 the next potential resistance Not expecting a huge amount of activity on your dollar until Thursday Then moving on to cable cables start to come off again potential short-term potential support one spot 50 31 longer-term potential support one spot 4813 Not a huge amount to talk about right there No, no retracement back up to one spot 51 85 which could be useful for some traders You want to take more of bearish view to get a move back up to here? This could be a short element right here stop loss on this side targeting this lower level I'll be if we break and close above here you be targeting one spot 5424 should cable reverse tact So I come at data-wise we do have the ZDW business report That is actually something that could help impact your dollar and the Germany 30 which is now currently trading at 10,273 Looking on Wednesday. There is UK data not a lot and then it's all about Thursday There's loads. You've got Peter. You've got German PMI. You've got UK Public sector net borrowing you've got employment claims You've got the crude oil inventory data CPI from the eurozone and of course you do have the ECB decision as well So lots and lots of things coming out of Thursday That's the big day as ever keep your eye on the chart forum for more technical trade setups for a global analyst team Make insides part of your leg going forward and join me again tomorrow to find out what happened next