 Hi, good morning and welcome to today's products and focus. I'm a quick look at the US markets It's been a strong reversal on Friday as The markets began to kind of digest news that they obviously fed didn't raise rates on now on Thursday But citing global growth concerns that kind of negative sentiment is finally spilled over after the first kind of spike higher on on Thursday night, which was just Literally just for five minutes and then start to sell off very kind of negative bunch of Candle formations on here a very strange one obviously to have there on the Thursday We're initially spiked up then to sell off and close down lower formerly bearish and gulfing pattern on on on Friday And we've had a continuation of that down was moving this morning But maybe potentially cap that 21 period FMA the histogram on the MACD is beginning to Accelerate down to the downside quite close to getting a negative crossover there as well Well, the other technicals are relatively neutral and many traders now are looking to Chinese Chinese data now frequently getting picked up by a lot of the financial press is being almost as important now as the major US data and to a certain extent with the world's second biggest economy It is and I think it's PMI data due to China on Wednesday, but we'll check that out when we look at the market calendar in a second but nevertheless quite a negative selection of candle formations to have here Looking at things and today Jeremy 30 is down almost a percent UK 100 down about point one And I think one of the reasons why the decks down so much is as both wagon is is down as There's a massive European court case going on just now regarding Emissions data which they used to sell off cars which ended up being slightly fudged which could actually come with it with a Multi-billion dollar fine recall of up to 500,000 vehicles and a whole host of reputational damage that you just can't quite put a price on as well So be interesting to see how that pans out. So that's where we are for the US 30 Moving on to the UK 100 If we get another the third negative day today, that'd be three black crows candle formation Usually a continuation which in this case would be negative But looks to be that 60 73 is holding his potential support We are training below both moving averages almost got a crossover a negative crossover on the MACD with it Histogram beginning to sell off that little bit further as well. So then you have a look Japan 2d5 Which actually if I remember correctly That's it. I think Japan had been Maybe it is today There's some sort of public holiday Who's over in China? But nevertheless We are looking at a little bit of a negative move quite a negative candle there on Friday Another move to the downside there today run between two ranges 17 496 is an extra potential support dollar yen currently just below one spot 20 and I've had this China is definitely open because most of the Asian markets are down you got Japan down the The Korean markets down But the Shanghai Composite is open, but it's pretty flat moment memory serves But again global growth growth fear is impacting a lot of these markets And that's where we currently are for Japan 2d5. It looks a little bit top-heavy right now. So looking at dolly M Kind of a hammer formation that we had there on Friday As people are kind of deciding where the next rate hike in the US is going to be is going to be December March 2016 depends who you speak to But one spot 19 is potential support. We're currently one spot almost at one spot 20 Also in around that 21 period FMA or a good bit away from on 21 87 Which is the potential resistance other technicals are relatively neutral and there's not a huge amount of data due out today You've got US existing home sales at three UK time choose to bring UK public finances and Eurozone consumer confidence and then it's Wednesday where you've got the next set of PMI data and anything below 50 is a contraction 47.5 is a forecast anything less than that and to be fair. It could be a little bit less This is actually a really good one to have a look at I'll be at the time difference isn't that great If you're a UK based trader or anybody in Europe based trader to be honest But that can have quite a significant impact and you've got so many markets serve PMI date releases you out On Wednesday promises to be a little bit of extra weight to most Major FX pairs and some of the indices as well. And then don't forget you've got the crude oil inventories 330 there as well. So moving on to West Texas crude bearish and gulfing pattern on Friday We've tried to bounce this morning a couple must a percent trading below what 45 85 which is now at things potential resistance If that global growth fear is very pronounced, obviously you should be seeing it a lot more on West Texas And then if we have a look at gold gold is still benefiting from that negative in US industry aspect that is Well three advancing soldiers your three green candles as green again this morning. It's above 1137 currently which is Support slash resistance. We're trading above both moving averages bullish crossover on the MACD other technicals relatively neutral This could still have further legs. Do you might have a little bit of potential short-term resistance at 11? 47 which was the tip of the other attempt to break higher About gold fundamentals moving in the right direction Albeit, it's not like aggressively moving forward considering rates have a massive question mark over them right now So finishing up with your dollar and GBP USD so your dollar again bearish and gulfing pattern that means so good quite close to one spot 1474 which was a potential resistance. That's very much being in play We're also in 21 period SMA one spot 11 is still a potential support Which also coincides that 55 period SMA other technicals are pretty neutral just now And that's currently where we stand with them with the shrieza government in Greece getting re-elected Obviously they went on with an amphibial at Mandy then they obviously got a bailout, but Quite a charismatic linear I guess and I think the Greek people are just wanting to Just push on and not change governments yet again So finishing up with GBP USD. I had a better reversal there on Friday We're trading below one spot 56 for the middle of two ranges just above both moving averages on spot 54 24 Be next potential support other technicals relatively neutral And it'd be quite good if you could get some extra momentum out of GBP, but there's just not a huge amount I obviously got the public You've got the public data Due public finance data due on Tuesday morning at 9 30 UK time But it's really the PMI data releases due on Wednesday That's gonna add a little bit of extra weight on there So keep your eye keep your eye on the chart form as ever make insights part of your leg going forward and join Me again tomorrow to find out what happened next