 Hi, good morning and welcome to today's products and focus so I guess some of the markets are going to be talking about the shock Election went over in Canada where we're seeing some interesting moves in the Canadian dollar or the loony versus a number of other currencies It was a kind of a shock election result as the previous Prime Minister was also known as being quite Financially astute didn't like to spend a lot of money, but very careful the guys come in is very big into public spending So we're expecting to see some quite big changes over in Canada as he begins to get better them But I think a large number of other traders who are more comfortable with a lot of the more kind of main market FX pairs They're still talking about China and the GDP figures that came out yesterday At 6.9% the lowest they've been since the 2007 start off the credit crunch and there hasn't been a huge amount of Updates from the Chinese government regarding Cutting interest rates or monetary policies and the market seems to be a little bit disappointed by the by the lack of an immediate response there by the Chinese authorities with a Lot of commodity prices, especially the likes of crude and even gold struggling to get on got a little bit higher Doing much so far today. So looking at the US 30 kickstart things off A dodgy formation yesterday not a lot of fall through today We are trading between two ranges almost got a death cross in the moving averages while the other technicals are relatively neutral Park from the slow to cast it which is massively overbought But the signal to sell has not yet been generated until we break through that 80% level So looking at the UK 100 that dampening commodity price aspect is having a bit of a weight on UK equities, which is heavily mining and oil focused. We've been drifting down the last three sessions including today Again in the middle of two ranges with sixty two well, maybe sixty three hundred being support and sixty four fifteen being potential resistance Quite an ugly looking chart still on the UK 100 moving on to Japan two to five We didn't have a huge amount of volatility yesterday. We were down a little bit lower to close bang on the level No follow-through support today 18306 has actually been in play for a number of sessions You can see that many failures it has to break through lots of long-legged candles and ticket of selling pressure each time it tries to break up The longer this goes on The more likely it is that the downwards pressure is going to resume and that would open up 17 1496 but basically we're at the top end of resistance right now. We might have a support cap there on the 21 period SMA Moving on to dollar yen, which I actually had an okay day yesterday following on from Friday's positive momentum The dollar not doing a huge amount against the sterling or the Euro today To be fair, it's not really doing much against dollar yen either But one 1976 looks to be potential resistance which you coincide with that 21 period SMA as well All the other technicals are relatively neutral and flattening out But door yen does look a little bit top-heavy if volatility returns to the market and fear returns to equities The yen will be bought as a safe haven. So do bear that in mind So moving quickly on to West Texas crude which came off yesterday Isn't doing huge amount today. I say this quite a lot, but it's still resonating and oscillating around 45 85 It's not really that exciting Moving on to gold the yellow metal is firmly come down to 1168 so far this morning bounced off this level last night Bounced off it again so far this morning But it's hardly going great guns and to bounce back strongly today 12 over 5 is the long-term potential resistance But there is a bit of a sell-off in commodities in general As a dollar had a little bit of a relief rally yesterday That's had a little bit of extra pressure there on gold But this level is very important 1168 regardless if you're bullish or bearish and gold This is a level that will be very important to use do keep an eye on that one And then looking at your dollar We've had three days now of losses But the candle bodies are getting smaller each time So that could be an interesting psychological signal that it could be a turnaround potentially We should also coincide with that 21 pureed SMA with one spot 1475 Being a longer term potential resistance The other technicals are pretty neutral to be honest apart from the MACD that's almost got a bearish cross But it's not crossed over as of yet Now finishing up up with GBP USD Looks to be that slope and trend line is providing a little bit of resistance potential resistance stopping cable from breaking up higher But we do have a lot of support on this Kind of horizontal trend line there one spot 54-24 also coincides with the 55 pureed SMA The other technicals are relatively neutral with a slow stochastic almost going into overbought territory One spot 54-24 could be a springboard for a move up to one spot 56 Failing that we could be looking at a move down to one spot 51-85 So downward pressure resume So economic data-wise What do we have not a huge amount today to be completely honest tomorrow? We've got public finances and crude oil inventories Thursday brings us there's an ECB meeting Which will be pretty important. You've got retail sales Unemployment claims actually got a fair amount on Thursday consumer confidence existing home sales for the US and Friday you've got German PMI and the eurozone PMI as well So make sure you don't forget about that. So guys keep you on the chart form lots of cool analysis there from our global teams Coming from the UK and Australia and Canada Make sure you make insights part of your leg going forward to get the inside track from our global team as well And join me again tomorrow to find out what happened next