 Hi, good morning, and welcome to today's products and focus well What a difference the day makes so the ECB did not cut interest rates by as much as expected and they didn't embark on a big stimulus package as what was expected And that's what's caused a really big sell-off in the global equity markets And the euro was absolutely catapulted into the stratosphere where it was so I think the euro had its biggest one day move in seven years yesterday Completely caught traders by surprise and that coupled with the impending rate hike and in the US from at the FOMC in the 16th Which obviously may or may not happen based on you can't really trust what the central bank could say at the best of times But it's a very negative candle to have off the session those though as quite interesting It can rebounded already this morning. It's tried to break up through 17561, but failed and looking at the enterday charts It doesn't look very strong either So having a good look at the UK 100 very very negative candle right here It's it's hit multiple candle levels on the way down I mean again a little bit off the session those quite a good bit away away from potential resistance at 6296 or 6300 We're quite close to having a death cross and moving averages same with the MACD And we've got a cell signal and slow to casting from a technical analysis perspective a number of these signals here Are adding downwards pressure So then looking at Japan 225 another bearish and gulfing pattern more negativity this morning hasn't broken the low Reached yesterday The next potential support would be around about 19104 So looking at dollar yen We had the dollar lose strength people buy buying the yen That's another bearish and gulfing pattern Not much happening this morning 121 87 is an extra potential support level You could probably look at this from a fore perspective in fact, and we're looking at this in the forward aspect You'd be able to see it in the sideways moving range So you can pretty much have yourself a potential resistance level right there I think it probably pretty much have yourself a potential support down there So if you're in short-term trading That for our interval on dollar yen looks kind of interesting Then moving on to West Texas crude big bounce yesterday as a dollar unwound Obviously we had a negative candle there on Wednesday a bit of rebound, but a pattern of lower highs You could almost draw a line straight down from that. That's what we're gonna do Just fun. We're gonna have this level from here And we'll see if it continues to follow that pattern over the next couple of sessions And that would actually be a triangle formation if I just do this This would be a short term Descending triangle formation which usually results in a breakout one way or the next So I'm just gonna save my layout. So I don't forget about those new levels have drawn on Looking at gold. I did have a rebound yesterday again similar pattern to crude If I just get my drawing tool here again It's maybe too steep It's still in play right now, but that's a very steep level. I'll keep it on there for now And see how that pans out, but 1072 still potential resistance 1031 longer-term potential support. So then finishing up with your dollar and GBP USD today is non-bomb payrolls Okay, so that's a very very big one It's probably had a little bit of its excitement taken out of it because everybody's waiting for the ECB yesterday Promises to be a very very interesting Couple of days. It's been crazy for the markets. Look at this move on your dollar I have not seen a candle quite as a well, you've not seen a candle like this for seven years So that is something pretty special Almost getting up to 110 from one five all the way up to 110 It's a 500 point move one day the question and the thing is how many people were long I know from looking at the clients in the last couple of sessions that everybody was long the US dollar So this move is caught so many people unawares and the big reason for that is everybody was short And to get every short position what you have to do You have to buy and we have seen a huge catapult right there. That's such an amazing candle I've not seen something quite like that on that on FX for a while Well, look to be 55 period SME acts a potential cap. We might get drift back down to one spot 08 Entity charts looks like an incredible move actually did touch one spot 05 You can just see that before the ECB and then you have the draggy speech So that's for your dollar is GBP USD The sterling had itself a pretty good it's more like the dollar unwinds because obviously to For the euro dollar move to buy back the euros you have to sell your your dollars as well So it's not exactly sterling strength if I look at sterling GBP The move hasn't been quite as aggressive, but it's moved about 200 points easy So it's not just a sterling move And we still have not found payroll today. That's the thing number of pearls comes out mega strong I'll be interested to see how much those gains get giving back up anyway with cable you're trading towards the bottom of the daily range Which doesn't look that much compared to the massive candle. We had yesterday So remember guys no farm perils Make sure you got your alarm set for that go to support go to live trader events Make sure you sign up for a live webinar with college again ski and Michael Houston today At quarter past one till 145. Okay, and keep your eye on the chart forum Make sure you've got insights as part of your layer lots of really useful cool information here from our global analyst teams to help you identify the markets and Join me again on Monday to find out