 Hi, good morning and welcome to today's products and focus we will see that the US theory has now broken through 18,000 112 now we're looking at the next potential resistance at 18,289 Now we actually had a much higher value there on Friday got pushed right back down again already this morning We've had an attempt to push on higher But it does look that 18-1-1-2 is going to act as a potential support level which could be Interesting point to to get involved if you think that the US markets are going to benefit from this weaker dollar at the moment Otherwise if we break below 18,112 you'd be looking at a level closer to 180 to 18,000 which also coincided with that 21 period SMA Most of the technicals are actually neutral sands the MACD which got a bullish crossover and the moving average is well the 55 period moving average quite far away But it's the 21 that's in there and play right now Moving on to the UK 100 comfortably in an all-time high territory bulk above 7,000 for the first time there on friday You would really need to get The budget price projections out now to look for the next potential support of the next potential resistance level In fact, if I just go ahead and look for that right now Take this point here and look for your for your big breakout Uh And we could be looking at level we're actually be quite quite close to one right now that would be 7,044 followed by 71 50 as the next potential Resistance levels based on the Fibonacci price of tensions So Moving on to japan 25, which is more than halfway now to 20,868 Probably 20,000 is going to be the next big level That a lot of the financial papers will talk about for japan Dollar yen having reverse course slightly as a dollar has taken to fill up the gas slightly 120 as for dollar yen is right now And as I said, we're not that far away from breaking 20,000 after we do that the 20,860 is the next potential Support level resistance apple. Sorry all the technicals are massively over but But we'll probably get to 20,000 at some points And um moving on to this dollar yen position. You can see the move that we've had It's not really a great trading opportunity on dollar yen right now versus some of the other markets where You're still looking at 119 being support 12187 being potential resistance. We're trading below the 21 pure sma 55 pure sma It's bouncing right at 119 level and the other technicals are still relatively neutral to be completely honest So once the dollar decides what's going to do is and Are we going to see the dollar go sideways now? Or we can begin to see a little bit of a winding off that long term longer term dollar strength As people start at price in a september hike rather than jim So moving on to both texas cruise more news out over the weekend OPEC will not be cutting production alone. Saudis are Standing by their position not to reduce their output either The dollar this happened with dollar strength and it helped to cradle get a 4 rise on friday. It's down over percent again Today, I believe and we are looking Yes, one point one three percent down And we're still looking at 43 29 has been a potential support level moving on to gold gold is still benefiting from that from the interest rate differential between the dollar and september We are now looking at the 21 pure sma and potential resistance at 1886 This level could be a bit tougher for it to break, but we do have a cross of the mac d And we've obviously got Reversal signals or buying signals in our science unsolicited stochastic So certainly maybe from the technical perspective couple that with a bit of Middling us mac with data if we do get some this week that could help go to test 12 18 But I do think it's a relatively quiet week for economic data this week So moving on to your dollar. It's been all over the place looking like it got higher This morning We're now on the right side of 107 86 just only on that level We're treating it towards the law of the day But it certainly had a had a big move to go a little bit higher with 111 being the next potential resistance. So The us dollar is certainly taking its bit off the gas So finishing up with gbp usd Had a very strong day there on friday. We've had A bit of a reversal for today at the bottom of this range again One spot for a 13 is a potential support level death cross and moving averages We've not yet got this cross over here in the mac d But that might come soon whereas you do have some buying signals in the rsi and it's a little stochastic right there Again any meddling us data should be a big shot on the arm for gbp Against the dollar which could then retest one spot 51 85 So I come with data wise. We do have a home sales and cpi Flesh we data for the eurozone today at three uk time On tuesday, you've got a whole host of pmi right across the globe. You've got uk germany eurozone and the uk cpi and ppi rpi consumer price index for america as well So actually tomorrow promises to be A very interesting day and because that's inflationary related People will be keenly watching it for the us But I think most commentators will be expecting some of this data here to be quite weak Especially considering the big drop in crude oil that we've had over the last number of months Most of the forecasts are not going to be anything that special for inflation data As we are in a deflation mode So as ever keep your eyes on the chart forum making sense perfectly going forward and join me again tomorrow to find out what happened next