 Hi, good morning, and welcome to today's products and focus. So most global equity markets are a lot lower this morning following on from a sell-off overnight as news kind of filtered through that Saudi Arabia had sent airstrikes into Yemen which is slowly becoming a proxy war between the Iranian-backed Hothi rebels and the Saudi Arabian-backed government out there. So that's a first sign of an escalation of the conflict out there And it's quite close to pathway to the Suez Canal So there's a little bit worried that they What has been sporadic fighting and turning into a slight bit of a civil war there as ever that the Middle East is turning into a regional Conflict between the Sunnis and the Shias, and we have seen crude oil jump about 6% gold has As this catapulted as well above 1210 global equity markets taking a little bit of a dip. You follow that through with yesterday's snowball goods orders Which are very disappointing as ever Real weak figures apart from on farm perils coming out of the U.S You've seen the dollar take it back see equity's moved down to the to the bottom end of the range right here with the U.S 30 now eyeing up seventeen thousand five hundred and forty six Moving on to the UK one hundred It was down a little bit lower this morning breaking below six six nine sixty four You're looking at six nine oh six being the next potential support Would you coincide in turning on pure SMA other technicals are turning down we've not yet got across on the MACD The other side is moving towards the 50% levels moving into neutral And there's not much to say about the slow stochastic right now But certainly this would be the fourth day that we've moved to the downside and the long-legged candles from Monday and Tuesday don't look that great either Moving on to Japan to to five It's at the bottom of this range as we speak just now. We had down the yesterday. That'd be a quite a firm bearish engulfing pattern we're approaching the 21 pure SMA as well crossover in the MACD cross on the RSI and across in the slow stochastic so Any acceleration much further below the 21 pure SMA opens up 18,648 which was a resistance level Broken resistance level now expected to act as support from some time ago So looking at dollar yen dollar ends comfortably broken through 119 now at next potential support be one 17 spot As many traders now are firmly talking down the dollar especially with the Mac with data releases coming out such So weak after that real strong non farm perils figure that we've got they're obviously not going to be doing anything with race for as long as the US data is coming out the way that it is So people are really unspilling that that that long dollar position right now and that's a hitting dollar Moving on to West Texas crude and you got the double whammy of that weakening ufd But also this big jump that we've had following the those Yemen airstrikes by Saudi Arabia and That's expected to be a hot topic today in regards a lot of technical indicators You got a cross in the MACD you've got a cross You've broken the 30% level on the RSI and the 20% level on the slow stochastic from a technical perspective Everything is all very bullish for a rebound on West Texas crude But it depends how quickly the situation in the Middle East Escalates or calms down people obviously they're worried about If there are issues on that pathway that coastal line the bottom of Yemen All the shipping goes through there to get to the Suez Canal Yemen also produces a fair amount of liquefied rolling gas Quite a major producer there. So that's going to be quite a hot topic in the next couple days anyway So moving on to gold You've got that weaker USD so durable goods fails. That's Positive for gold because it's quite reactionary to US rates. So that's looking like it's Firmly in the backseat and you combine that with the Middle Eastern trouble just now as well my big short squeeze we're seeing just now on goal as people are Getting out of their their short goal positions. So everybody has to buy to get rid of their their short positions And as you can see there 1218 is a potential resistance and we're at the top end of that scale She also smashed through the 55 period SMA. All the other technicals are very bullish I move beyond 1218 opens up in 1242 So a bit of a perfect storm for gold right now following many months of downtrend so looking at your dollar we seem to be building up because I Guess I consolidate or a base here just below potential resistance at one spot 11 This seems to be a short-term potential support probably around about one spot 10 20 But the longer-term potential resistance is one spot 11. I'm finishing up with GBP USD Not making Kind of a pattern of lower highs right here Cables trying to go for it this morning try yesterday and her relatives build still had a positive day But it was much higher and got pushed back down again One spot for a 4813 is still that pivot level that everybody's looking at we should get the flavor head That's going to pan out today economic data wise we've got UK retail sales So that would be good for cable and we've got US employment claims And that pretty much is it for today fast forwarding on to Friday UK house prices by nationwide US GDP figures And that pretty much brings us to the end of the week as ever keep your eye on the chart forum Make insides perfectly going forward and join me again tomorrow to find out what happened next