 Hi, good morning and welcome to today's products and focus and obviously all the news today It's all about the super Tuesday that we just had over in the US where it looks like we are going to see a showdown between Hilary Clinton and Donald Trump and That in itself is going to be quite interesting come November. It's not all completely done in dusting yet You had Bernie Sanders come quite well relatively close. He had four wins versus Clinton seven Whereas Donald Trump pretty much almost got everything With only a small number of other candidates in these regions getting much love at all so if Clinton wins versus Donald Trump or that that battle in the White House and Most people probably thinking that if Donald Trump wins You'll be stuck. They're gonna stand off with with Mexico over the famous wall issues of China more confrontation more Uncertainty the markets might not react that well blah blah blah blah Hilary Clinton Who probably looks like the favorite if I'm completely honest right now looking at the trades this morning if she wins That would probably be better for the markets She perhaps more more more hawkish on the on the economy the question is I guess is With Clinton's cozy relationship with a lot of the big American banks She has been paid maybe about more six hundred and eighty thousand dollars for some speeches that she gave at Goldman Sachs for an example You know there is questions about how hard she's likely to try and be to get to kind of shake off that that image That she's too cozy to Wall Street So there is talk that there might be some limited additional regulation That she might kind of bring into the break into the banking space It might just be a little bit of lip service is to say hey look I'm not too cozy with the banks Look what I did to them But that could be something to bear in mind if you are looking at US banks longer term So the fact is most US markets are actually slightly higher Following that result. I think it's because if Hilary Clinton is the favorite and she gets in That's kind of really what the markets would prefer In regards to obviously if Donald Trump gets gets ahead in the polls things really perhaps take a bit of a Side turn mainly because he's such an unknown quantity being such a firebrand politician You know really he could do anything and he's so confrontational What could happen next so it could be quite exciting and that gives us quite a number of months till we get to November to find out Putting also managed to kind of shake things up on the oil market yesterday As he basically said that he's only now just starting to talk to Russian oil firms about a freeze and production Which is already at record levels the market had already thought that he'd already had the discussion And in fact the initial aspects that came out of that was that no They're not looking to to free production anytime soon and that caused crude oil to take a little bit of a hit yesterday as well So that gives you a bit of an idea about the fundamentals. It's all about the US super Tuesday and You're trying to shore up the Republican and Democrat Candidates now and it is looking increasingly likely it will be Hillary Clinton and Donald Trump But let's go ahead and have a look at things from my technical perspective now as well So you can see that a bullish engulfing pattern that we had on the US 30 there Smashing up through 16 626 not a far away from 17,000 38 83% of CNC markets clients are currently lot are currently short Sorry, we do almost have a self-segment on the slow stochastic, but it's not yet broken of the level We're not yet oversold on the out in the oscillator yet. We are above both moving averages We have a little bit of a doji formation so far this morning, but it's still early days Moving on to the UK 100 another technical breakout on there. We're in between two ranges 63 27 and 60 70 and that's even in the bank of in the back of quite a few UK banks getting smashed yesterday Particularly Barclays, which is feeling unloved at the moment And as you can see, we've got kind of a doji formation maybe our doji formation right now Similar technical picture to the US market though We're perhaps slightly more overextended in the UK and the US is 71% seems to marks clients are currently short Moving on to Japan 225 we managed to punch up through 16 387 look to be re-challenged in 16 8 96 Other technical still show further room from maneuver as you can see This is underperforming the US 30 and the UK 100 8% of seems to marks clients are currently short Moving on to dollar yen The dollar managing to rally up against the Japanese yen bullish engulfing pattern We are bouncing around that 55 period SMA right now 54% of seems to marks clients currently short So we're a little bit of indecision, but we are in between two ranges other technicals are relatively neutral just further room from maneuver Moving on to West Texas cruise Volatile session, so it wasn't a lot higher and then got pushed pushed down lower I see pretty much ended exactly where it closed And we're just slightly moving up a little bit higher this morning a percent of seems to marks clients are currently short It does look to be a little bit of short-term potential resistance around the tips of these candles If we didn't even just take the high from here You are looking at 33 spot 85 and change before we start to get that little bit higher Then moving on to gold Gold is a Fail to break that little bit higher yesterday still seems to be at hugging this potential trend line right here That could be kind of interesting for us to look at we didn't really get our full technical break out of this potential Symmetrical triangle formation and looks to be we're making a series of lower highs right here Unfortunately, let's see how that pans out 76% of seems to mark clients are currently long And this is where we are in the longer term pictures. So Could be quite interesting to see how that pans out Moving on and finishing up with the major FX pairs looking at your dollar and GBP USD The euro continues to sink closer to one spot zero eight twenty 57% of seems to mark clients are currently long and just see where we have come from you just being this Side we've moved market for quite some time. It doesn't look like we're look like we're any different today One spot zero eight has been in play for a while and we're back there again today I'm finishing up the cable One spot 35 is a longer term potential support. We were as low as one spot 38 33 there on Friday It's the first time that the cable is closed below 140 for the month since 1985 That's certainly not looking too pretty And we have had three days three days of gains so far on cable at the moment 84 percent of seems to mark clients are currently short But certainly there's a lot of very stent and out there, especially when you see that longer term trend All the way from here all the way down in fact the longer term would obviously be much Much higher than that if I could just go into the weekly charts for a second We can get a chance to see Where we've cut where we were back in 2007 versus where we are now some of that's not quite half But uh one spot 35 is certainly a big big low for gbp usd should that happen. Well, that's it for me guys Um matter of fact before I finish up quickly. I have a look at the market calendar I don't want to forget about the MAC for data ADP private payrolls You've got non-front payrolls on Friday private payrolls today petroleum status update as well That's going to be quite important. You've got UK house prices tomorrow PMI from the eurozone Tomorrow unemployment claims battery orders and us ism numbers And on Friday, of course, you've got non-farm payrolls and the trade balance So a fair amount of stuff still to get excited about in the markets That's it for me. Join me again tomorrow to find out what will happen next and um, best of luck Take care all the best. Bye. Bye