 Hi, good morning and welcome to today's products and focus so having a quick look at the world's financial markets We are actually seeing a slight drift this morning as we get ready for arguably the biggest non-farm payrolls in a recent memory Which could have a massive impact on the likelihood of raising interest rates in the US in December and I have the next FOMC session in November where if non-farms basically smashes it This month that would put a lot of the fuel to the fire that we could have a December rate hike The FX markets are already moving in anticipation that the figure will be good Sometimes the market can be disappointed though The reality is nobody actually knows that this figure is going to be good or bad and it was absolutely terrible last month So I think you know prepare for the worst I think of the best of prepare for the worst you know so have a think about that before you enter into your positions today and This non-farm is more critical than ever interesting kind of candle formation on the US 30 currently flat-lining already this morning 17747 as potential support with a team 1 1 2 as potential resistance on the US 30 UK 100 is moving lower almost a head and shoulders formation 6415 potential resistance 6300 as potential support Then having a look at Japan to do five as breaking higher at the moment with the 19104 being the potential support level with a much higher level of 20,000 at an 87 being potential resistance We're trading above both moving averages the other technicals are Like these slowing down here We're not yet overbought on the RSI and the slow stochastic is overbought but no signal yet to sell So 19104 on Japan to do five is in play and the interesting one about this is dollar yen Of course because of dollar yen is breaking higher. It means the ends getting Losing value which makes the pantry five go higher as they get more competitive globally. This could be a breakout We could be getting very close to break out and dollar yen So dollar yen will undoubtedly be an FX pair to watch during today's non-farm perils 121 spot 87 is a potential resistance. We've not had that breakout yet But will it be today very good question Looking at West Texas crude is reverse course is below that Oscillating 45 85 level $42 the next potential support, but expect crude to stick around about 45 and change until non-farms gold A negative day yesterday a relief bounce this morning quite close to potential resistance at $1,100 the next potential support is 1,072 Gold will also be a major one to watch if non-farms Doesn't come out of non-farm is terrible gold is like a coil spring right now I could just spike back up just come off seven percent So do bear that one in mind if the figure comes out of Desmo Euro dollar so your dollar a little bit below one spot zero nine one spot zero seven eighty six the next potential support And GBP USD got killed yesterday after the MPC minutes very negative can't candle yesterday They're not raising rates in the US and UK anytime soon put it that way both was eight to one A bit of a disappointing update from Kearney. So one spot 51 85 is potential support That's where we are right now if you move below that then one spot for a 13 is a next potential level So where are we? 130 UK time non-farms forecast at 180 if it comes in let's say 225 And change that would be a good figure if it comes in below if it comes in at 142 That's a bad figure anything else in between the markets not really going to do a huge amount. I don't think 180 is quite quite punchy for October, but you never know Unemployment is expected to remain at 5.1. Remember guys We have a webinar go to support live trader events and make sure you sign up to Connor Kinski and Michael Houston Webinar to get the inside track starts at quarter past one UK time and finishes 15 minutes later So if we fast forward past the weekend You'll notice there Chinese trade balance data on Sunday 3 a.m That can have a big impact red impact level Don't forget that and then on Monday not a lot and Tuesday We've got more CPI Chinese data also very important. So it's all about non-farms guys And even if it comes out strong still will guarantee that rates will increase in the US But this is a figure that everybody's talking about It's a figure that all traders should be looking at and make sure that you guys have a strategy as to what you're gonna do on Either side of that figure and if it's positive or negative So very good luck guys and join me again on Monday to find out the result of that non-farm payrolls Take care guys. Bye. Bye