 Hi, good morning and welcome to today's products in focus. Grease deal looks increasingly likely as the hand in illicit reforms at 12 a.m. this morning. Still not been approved by the Eurozone leaders, but they have made a commitment to a number of factors that should help them tackle their debt crisis. It has not been approved as of yet, but everything seems to be relatively straightforward. Now, Euro dollars not reacting in either direction right now, so I think we're just waiting to get more clarity from some of the Eurozone leaders that this is going to be enough to get them their four month extension. But US 30 is on the right side of potential resistance at 18.11.9. A slight little baby hammer formation last night, positive territory today, but we're not expecting to see too much directional movement on the American markets until after Janet Yellen's session today at 3 p.m. UK time. And the question will be if she's going to have a similar, if she's going to dodge questions over the US economy and rates, or if she's going to have, she's going to be the same page as the Fed, or if she's going to be singing from a different hymn sheet in regards to a potential US rate hike coming in June or later. So many traders waiting for that. Now the US dollar is looking like it is reacting to the fact that Yellen's going to be more bullish on interest rates in the US than what the rest of the Fed members were, but we'll have to wait to see 3 o'clock for that. So moving on to the UK 100, not such a great day after the HSPC weighing heavily on the UK 100. We reversed back down to potential broken resistance now acting as support as 69 or 6.8. It's not had a great start this morning either actually. It's tried to push up higher than push back down. In fact, we're on the wrong side of that level just right now as we speak. So if we get further weakness on the UK 100 that technical breakout looks to be in jeopardy. Japan to do five is double yen, it's getting closer and closer there. The Japan to do five is accelerating on as next resistance level is actually quite a good bit higher above 19,000. Anyway, I need to redraw that back on while I just like the monthly interval for a quick second. Trying to find you can just see in the monthly chart there where those breaks are actually are. I've got to go sometime back actually to find the next potential level, which is probably the tip here. So we're in about 8,648 and then after that as well, it's all the way up here. So that would be significant. 20,008,9,6,8. So that'd be a good bit further away in that regard. So actually jumping back on to the daily chart and see how far we are. So we're actually quite close to that short term potential resistance level that we had there. This is a 15 year high on Japan to do five and then after that you've got a big leap before you reach the next potential resistance level on there. So quite an interesting place Japan to do five right now. So looking at dollar yen is advancing higher this morning, but still bouncing around about this one 19 level. We need a decent break in one direction or the other. There's not much else to talk about in that FX pair for now. So Crude Oil with Texas came off again yesterday. There's reports later on in the day that OPEC was going to hold an emergency meeting to talk about the sliding oil price. It's down about 3.5%. Yesterday it's down about another percent today. That's us trading at $48.42. Long term potential support is at the bottom of this area right here. So we are pretty much at 43 spot 30 for that long term potential support on West Texas Crude. So gold will not be benefiting from Janet Yellen's speech today unless she is incredibly dovish in which case you could see a reversal in gold. If she's even slightly more pragmatic than the rest of the Fed in regards to US rates and the state of the economy then gold will continue to feel the pain. Very volatile session actually actually looking at the candle formation for gold. This is a spinning doji formation right here drifting lower again today 1186 is the next potential support level. So finishing up with Eurodollar and GBPUSD Eurodollar drifting lower. Hopefully breaking out of the symmetrical triangle formation which I'm just actually just going to redraw now to see if this can. It's a bit of a tough sell but you can actually squeeze that one out and that still looks like an asymmetrical triangle formation still waiting for a break one direction. With the lower break opening up and moving towards one spot 11. Obviously we need to hear more about those potential Greek reforms and if it's going to be enough. I'd be surprised if it is actually enough incidentally so that there might be an instance where they ask Greece to go back and think again. Usually they like to play hardball in these particular instances so we'll see how that pans out. And cable actually moving nicely in the right direction. Right side of one spot 5424 and up one spot 56. So we'll see if cable is actually able to retain its head above one spot 424. So I come with data wise there's a whole raft of European data. You've got Eurozone CPI and you have CCI from the US. It's at 3pm today. Janet Yellen testifying about the economy. So that's going to be an important one. Tomorrow we've got Chinese PMI, China data becoming ever more important as time goes on. And obviously you do have those crude oil inventories which will be very important considering the last seven weeks. It's had a major impact on West Texas crude prices. And tomorrow might be no different. Then Thursday you've got raft of German data. You've got retail sales and consumer confidence. And UK GDP. And then you've also got durable goods, CPI and employment data. So Thursday actually a whole raft of data, a very important day for the macro fundamentals. So as ever keep your eye on the chart forum, make insights part of your layer going forward. And join me again tomorrow to find out what happened next.