 Hi, good morning, and welcome to today's products and focus the US 30s managed to post another positive Candle there that brings its tally to about 30 Sessions with only three losses. We're slightly in the back for this morning, but we're quite close to retesting an all-time high as 17 895 Moving on to the UK 100 Firmly in the back for version golfing pattern yesterday We're moving the lower again today. Actually Germany 30 looks a little bit nicer than the UK 100 The next potential support is at 66 86 with the house pricing index coming out slightly worse than expected But just showing a little bit of a slow down But yeah, it does it does look that the UK 100 is Feeling a little bit of pain this morning is still dropping just as we speak not a huge directional move But enough to put the bears in control this morning looking at Japan 2 to 5 We've got an ascending triangle formation right here a potential a setting triangle formation right here Yens from in the back foot youth dollar is aggressively moving against all other major FX peers Not on the back of any major macro news, but I can see cables dropping your dollars dropping and dollar yen is shooting up So that weaker yen is helping to propel Japanese equities up to we test potential resistance at 17 for 96 So looking in that dolly in position what we had yesterday is that we bounced off potential support at 117 spot 36 Japan is battling an Deflation issue right now Where the lower oil prices now are impacting the price of goods? So the real real value of goods and services are is actually dropping because of that And that's actually a potentially a bit but a headache You want to have a bit of inflation in Japan to help spur on a little bit of economic growth So we are bouncing this morning. This is a bullish and built-in pattern potential resistance is at 118 Maybe 119 so we are still in the middle of two ranges pressure still remain The Japanese could do that actually having a little bit of inflation instead But what are they going to do to do that especially when they're already talking about extra stimulus? So dolly in is a very interesting one. I would be kind of surprised if we broke 119 We didn't get close to 120 And that's when things get a little more difficult for the bank of Japan I guess a big story is going to be the old pet meeting Saudis really much dominating those those sessions and Not having a cut in production and you know, they say it's to do With trying to put some of the shape of the US shale gas companies at a business In reality if you consider the pain at Russia Venezuela and Iran are probably going through with oil down these prices. It feels so political rather than an actual Supply and demand aspect so broken through potential support at 70 spot 41 next potential support is at $64 Dollars things are the fundamentals are pretty negative in the short term You know, this isn't going to change overnight either for people that are thinking about getting in to oil right now Bear in mind that that oversupply that's currently affecting the markets is not going to dry up overnight And there's a lot of fundamental factors as to why this is getting pushed down even further Keep your eye on any Chinese data like the PMI that's due out on Monday Which might add an accelerant to this downward-moving action very mind that we were off the session lows last night But we have actually dipped a little bit lower already again today, and we're still a negative territory today. So $70 spot 40 is the cap of potential resistance on any our operas movement that needs to get broken before You would look to be a bit more bullish and crude oil goals broken through potential support at 1186 Getting close to that 21 SMA we do break and close below that that opens up a move back down towards 1137 I'm still not a massive fan of goal either direction to be honest. It's a bit of hard to read right now Moving on to your dollar your dollars back on the retreat next potential support one spot 2367 And we do have some eurozone data due today. We've got see CPI data As I said the dollar is broadly advancing And if we break one spot 2367 the next potential support is up 120 47 So we do have a little bit of a move there if we break and close below that I think that would be a significant technical break Compounded by the fundamentals behind rising US rates and a potential cut in the eurozone as all those economies are still flagging a little bit And all the ECB monetary stimulus the fundamentals are not pro-euro dollar At the moment I'm finishing up with GBP USD before first course again smashing through potential support one spot 5743 short-term potential support remains at 155 94 But the longer-term potential support is at one spot 54 24 We've already had the UK housing price data come out a slight slow down and and house prices still advancing of course, but I'll say a slight slow down the year-on-year slow slow down But if you look at the revision right here, it was 0.7 last month to revise that back down to 0.5 So the UK housing market certainly slowing down ever so slightly But an 8.5 percent growth year on year I think is still a significant milestone For the property market. It has a great two years. You're not gonna get that that you're not gonna get these figures again next year Keep you on the chart form as ever look at insights going forward And if we fast forward just very quickly onto Monday, you can see you've got Chinese PMI UK PMI and US PMI So Monday's pretty much PMI day and join me then on Monday to find out what happened next