 Hi, good morning and welcome to today's products in focus and you can see that the US market has managed to extend gains Overnight to be just not that far away from reaching all-time highs 18,112 was a longer-term potential resistance. You're probably more so looking at 8284 or to be fair you're probably looking at that all-time high level we're in about 18,372 Over the night we had some other good reporting from the US most global markets have actually rallied that little bit higher We have Germany and the UK 100 both pushing up the US dollar also gaining a bit momentum gold falling through the floor As we wait for today's ADP private payrolls and GDP from the US as a precursor to Friday's non-farm payrolls figure as well overnight. We also had some pretty good gains over in China and Japan the premier of China came out with some New comments quite pro government spending comments. They're embarking a new five-year kind of financial reform bill as well and Over in Japan. We are also looking at some major IPO three major IPOs went live today And that's caused some decent gains in that part of the world So today things look look a little bit more bullish than than previous looking at the UK market We had a turnaround late in yesterday's session We're coming up close to potential resistance at 64 15 longer-term potential resistance 65 89 But it's the Japan to do five that I guess some traders are looking at though in the chart here because there's trades 24 hours We are seeing a bit of appears in golfing pattern right now But believe it or not in Japan There has been some major big IPO Debuts that have gone particularly well, but it's not been reflected here in Japan to do five nineteen thousand at 104 looks to be This resistance is firmly still in play. It's been in play for What about eight or nine sessions now and it's showing those signs of of of letting up So this is good for traders when you can see constant evidence of a failure to break higher Turning in between two ranges could be quite some quite interesting swing trading rules if this is expected to continue on So then moving on to dollar yen dollar yen tried to break up a little bit higher And has been pushed back down towards the Towards where we are in this session. We do look like we have short-term potential resistance 121 spot for e2 So moving on to West Texas crude Crudes getting about the bush right now. There was a major gasoline pipeline I haven't had some sort of rupture in it in the US last night And that's compounded by supply fears at Brazil and Libya as giving traders calls for for getting a bit more Billish and West Texas crude coming up close now to 49 39 with the next potential support at 45 85 So looking at gold as we talked that gold is getting pummeled right now And gold are really interesting one as in we're not we are seeing some moves in the dollar I'm looking at your dollar right now, and it's as moving nicely lower as we speak But gold is getting pummeled big time. It's a must have come off about 5% now since the Since the last FOMC meeting and that we're getting an acceleration now towards 1098 so proper technical breakout yesterday. We had a retracement back up to 1138 and pushed right back down again, and we had a Modest bounce this morning, but it's it's nothing really that special and the extent of the move yesterday is probably Freaking out at some gold traders who are currently long But certainly you are looking at 1098 or 1100 dollars has been the next potential support And you can see that was the low that was made on the 11th of September So then finishing up with your dollar and GBP USD because your dollars back on the slide with one spot 0786 being the longer-term potential support We had some nicer tracemen back up to one spot 11 and then move right back down again as well finishing up with GBP USD a Kind of a hammer formation yesterday We were we were lower and bounced off those moving averages to close in positive territory That's usually quite a strong technical signal So maybe GBP has got a little bit of gas left in the tank to try and keep his head above one spot 54 24 Then maybe potentially we challenge one spot 56. So I come with data-wise China Chinese PMI Has come in above 50 so that's good and we get a lot of PMI At this time of the this time of the month. We obviously had some other markets are PMI data Yesterday we have more of it today Measuring different things. You notice that set as PMI services encompassed it data today yesterday it was a wide variety of different or sorry on Monday a wide variety of different Manufacturing PMI data on there So this gives us a bit more of a clue But what people are really going to be looking at today is the ADP private payrolls and the trade balance data Not the GDP by mistake and then finishing up there with the petroleum sales petroleum Inventory data is going to be more important than usual because of that gasoline issue And also because last week we had a much lower figure than and previous And it caused a big massive spike in West Texas. The question is how much gas is left in its tank I guess we'll find out at 3 30 UK time Or 4 30 and in European central time So that gives you a bit of an idea about what's happening in the markets today If we go on to Thursday We've got eurozone retail sales bank of England at MPC minutes Employment claims, but then it's friday with non-farm payrolls Make sure you don't forget about that. Make sure you've got your alarm set for there And remember if you go to support and then live trader events You have access there to all of our webinars and you can sign up to our webinar with Michael Houston and Collins Drakinski At one the 15 UK time last for half an hour and covers the data announcement live as it happens So as ever guys keep your eye on the chart forum make insights part of your labeling Forward and join me again tomorrow to find out what happened next