 Hi, good morning and welcome to today's products and focus if you just have a starting look at the u.s. There you can see we had an incredibly volatile session yesterday in fact the u.s. There to a mostly global markets where I'm a very torrid morning Dropping off quite significantly then to rebound But then to still finish quite negative the US market in particular managed to rally up But then come off towards 5 p.m. UK time and we'd posted quite a negative candle there again Now we've slightly managed to move upwards this morning But there's not very much in the way of any kind of support resistance anywhere nearby here So we're just kind of floating in the middle of nowhere and Today is the final part of the FOMC meeting due at 7 p.m. UK time and everybody's waiting to see if they're going to remove Any comments about keeping interest rates low for a considerably long length of time and that's going to be indicative of Apparently if the u.s. Are looking to raise rates in the middle half of next year We could have quite big ramifications of the markets today So mark is probably relatively flat until we get closer to that point as if they don't raise rate if they if they retain that that statement for the FOMC Statement at 7 p.m. Today that should give a shot in the arm to a lot of the equate markets and Should cause a dollar to sell off relatively aggressively But we'll have to wait to see tonight if that's going to go ahead and happen looking at the UK It's like a different matter. You can see how horrible Hardly volatile that session was how strong the rally was towards the end of the session only for the combat down again now it looks to be that we're trying to have a lot of research today and Crudelut with Texas seems to be stabilizing around about $55 But also most of the equity markets have been that little bit higher So we do have a potential risk resistance for in about 6350 we're a good bit away from there right now, but looks to be the equities are trying to have this Slight move to the to the upside there the German Dax struggling a little bit this morning as well as the US 30 So looking at Japan 225 And obviously that Japanese yen have been very popular yesterday Which caused a lot of pressure to come on to Japan 225 as people buying again as a safe haven We had a very strong rally this morning has been a little bit of reversal in there going from below of probably what 115 50 I'll be back up to 117 50 So we have quite a strong reversal there Probably looking at a potential short-term broken support now acting as potential resistance probably close to 17 at 0 49 if that mark continues to move up to the upside so looking at a dollar yen just about Pilgrim's head above 117 spot 36, which is broken support now expected to act as resistance without broken above it yet But yesterday was such a bad day for for dollar yen Good day for the embed if the dollar and we almost reached the next potential support at 114 spot 74 But that didn't happen Can we get can we break and close above 117 spot 36? We'll have to wait until tonight possibly to find out So Crude oil West Texas bouncing around potential support 54 85 talked about this so much the last couple of sessions There's nothing more really to To offer here We do have a doji formation at the bottom end of a downtrend if there's gonna be any short-term bounce in West Texas now It's a time really But I think it's all about the FOMC now taking a little bit more center stage If I actually just jump on to here for a second We have a look at dollar rubble, which I was everybody was talking about yesterday On the biggest and today's swings I've ever seen Was down 10% at one point was up 17% at the other but it seems to be Stabilizing slightly massive stabilizing still incredibly volatile But we did pretty much reach everything at 79 spot 89 was it was a higher day now We're already down a couple of percent again Taken below 70 back to 67 that this is still like an incredibly high point But for a lot of traders out there This is what a lot of people will be looking at to get an understanding of what Russia's gonna go ahead and do next So certainly about the low of the day already And the pressure is is back on but it's got obviously when you move up so aggressively as this You've got a long way to come back down So perhaps currency speculation and really driving that up quite a lot. It's already down four point four percent today So I'm gonna go go over again was so volatile this candle is absolutely horrible if you're looking at technical analysis Sold off and it's quite surprising because people buying yen is a haven but they didn't want to touch gold Maybe because of the FOMC We did spike all the way above 1218 only to get pushed all the way back down again And in fact, we're trying to have a little bit of a move to the upside right now We're trading below both moving averages at 21 and 55 pure SMA We've almost got we've got crossover a negative crossover on the slow stochastic the RSI is negative. We've got a crossover in the MACD Gold's not looking too good from a technical perspective And obviously tonight's FOMC if they have removed that they're gonna keep interest rates low for longer Gold's pretty vulnerable To more pain So moving on to your dollar your dollar had a real shot in the arm as people started to unwind A lot of their dollar positions obviously of those of traders were long dollar ruble When that that became time to sell out towards the lunchtime area yesterday when it really began to sell off That had a knock-on effect on many other markets as well. I think a dollar knocky And a knocky Swedish Krona were also very much in focus yesterday Especially the knocky got hit quite hard But the kind of side effects that was people were buying euros in a big way and that allowed your dog to get one spot 25 79 Albeit, it's a little in the back foot at the moment still in the middle of two ranges with next potential support one spot 23 67 So let's finish up with cable Cable travel actually did manage to break 157 43 as a false breakout didn't manage to close above that with any Sort of conviction. We're down a little bit again this morning So economic data-wise we do have UK unemployment claims at 9 30 then we have CPI data in the US at 1 30 UK time followed by weekly petroleum sales So make sure you don't forget about that and obviously remember tonight 7 p.m. UK time It's a FMC policy decision, but that's not the real big bit of news as a statement that comes straight away after And if we fast forward then on Thursday, you've got German IFO business data UK retail Sales US employment change figures so a fair amount of economic data, and you have the Philly Fed numbers as well So today and tomorrow we're looking like we've got a lot of macro data that can stimulate the markets And if you look at Friday there, we've got more UK data, but nothing of real significance We've got public sector net borrowing nothing that great So today and tomorrow lots on and certainly plenty activity in the markets keep behind the chart form as ever Making sense probably going forward and join me again tomorrow to find out what happened next