 Good morning and welcome to today's products and focus. So having a look at the US 30 there basically overnight the IMF has come out and said that the the Greek deal is probably not feasible unless there's a significant debt restructuring i.e. debt haircut Which probably just makes the whole conversation piece over and the great parliament that love a little more difficult to deal with And it seemed to be a bit of a slap in the face for the for the Germans as well So Mark is not really really reacting that negatively to it in regards to equities The euro is drifting down ever so slightly and we've seen a resumption of the slide in Chinese equities overnight with two and a half 3% drops across most of their major And this is maybe about one and a half 2% drop over in the Hong Kong Index as well. US 30 largely shrugging off most of this news ticking up towards 18,112 up above moving averages bullish cross in the MACD But 18,112 is seen to be a potential resistance level. So moving on to UK 100 having a re-challenge again of 67-72 Which was a broken Support slash resistance from all the way back in September last year We tried to break through there on on Monday, and we tried again today But so far had a little bit of failure With USA with UK equities just about to open in the underlying We'll see if we can get above there But we are trading above the 21 period SMA who also bullish cross on the MACD But we really need to get above 67-72 and stay above there for us to then try and bust through past that 55 period SMA as well So moving on to Japan 25 Actually managed quite a few decent number of gains right here the last four days apart from today where we're just Drifting ever so slightly Bank of Japan governor Karoda's kind of come out talked a little bit about the Japanese economy which seemed to be okay dollar yen is I was gonna be flat from yesterday with one twenty three spot 46 So we're still looking for this opposing view of dollar yen continues to Increase that should be seen as a positive for Japan 2 to 5 as well Certainly were above the major dip we had when the Greece crisis was at its height with 20,868 still being the longer term potential resistance. So looking at dollar yen Not a huge amount of activity yesterday and again not so much today And we're a little bit away from that one twenty four forty two potential resistance. We are trading above both moving averages We've got a MACD just about across the zero line. The other technicals are neutral indicating it could be further momentum still to go And we do have a Yellen's testimony today The Congress is a 2 p.m. UK time I believe and that people will be looking that for many hence regarding potential future interest rate decisions I can't imagine there being that too many big positions in the US dollar before that testimony is out of the way Looking at West Texas crude obviously we had the The Iranian deal confirmed yesterday nuclear deal It's going to take a number of months to ratify and confirm again Everything else all done and dust before crude oil Exports from Iran begin to hit the market and that's why we've seen actually an increase in West Texas crudited became apparent that Their supply wasn't going to impact the market right away So we've had that little bit of a bit of a spike and we are a little bit away from 5485 which is the longer term potential resistance So maybe a third of the distance away to here and two-thirds back down to potential support at 49 40 Many investment banks talking about the long-term future of crude oil and fish as efficiencies New technology comes out and slow down in China, etc. Etc. So it'll be worth it keeping an eye to see that 545 level remains unbroken So look in a gold gold still just slowly grinding ever lower towards 11 37 It will be massive influence there on the downside by Very hawkish comments by Yellen, which to be fair very mind that yesterday's retail sales were quite weak I'd be kind of surprised if she was particularly hawkish in this specific meeting But we'll have to wait and see how the markets react to that later on today finishing up with your dollar and GBP USD So your dollars on the wrong side of unspot 11 iron up one spot zero seven eighty six All technicals are relatively neutral again highlighting the fact that this from a technical perspective could still go lower and With the Greek deal potentially Not as close to Ratification as many many people would like this still a possibility that Greece will leave the Eurozone Well, I'd be much of a debt debt haircut restructuring. That's all going to impact the euro in the short term as well I have finished up with GBP USD Starling really ramping up breaking through that potential sloping down with trend line that we had drawn on there a number of days ago and between two ranges right now one spot fifty six and one spot fifty seven forty three Almost got a bullish cross on the MACD. It was close to being oversold, but then reversal is close to casting From a technical perspective. We are as you can remember both moving averages currently I'd be good to see us get a retest to rechallenge one spot fifty seven forty three But I think we won't see that unless we get the fundamentals to back it up Which means we need to wait for Janet Yellen's test testimony I come with data-wise China is coming down a little bit This morning, even though some of the data actually be expectations They're in this episode that started down about 3% later on today We do have unemployment claims from the UK PPI from the US and crude oil inventories Remember 2 p.m. We've got Janet Yellen's testimony for Congress and on Thursday, we also have CPI for the Eurozone and Not much else and then on Friday We've got CPI housing starts consumer sentiment University of Michigan sentiment index data as well to round up the week but it's probably gonna be grease that many people gonna be thinking about just now and The big session they're planning to get get the deal that the eurozone partners and creditors put to them through Parliament and With all this issue swirling around about the IMF comments Maybe let's see if that still goes through but if not like we still needs the money Otherwise, they're a banking system is in a lot of trouble So we'll just have to wait and see how that pans out as ever keep you on the chart form make insights part really going forward and Join me again tomorrow to find out what happened next