 Hi, good morning, and welcome to these products and focus US they're they're going through a relatively terminal session there as Janet Yellen's Minutes came out very dovish on the interest rates had a short-term impact on the dollar which did reverse course for about five seconds and is now firmly heading back into positive territory big gains on cable your dollar and and dollar yen and That kind of a short-term impact has hit a little bit of equities and also crude oil West Texas as Even though they said there's no rush to raise the interest rates I think if you take the GDP figures the potential non-farm payroll figures on Friday They've had the ADP was quite good as well as that the the US is gonna be faced with a rate rise sooner rather than later Regardless of the rhetoric coming from the Fed and the markets seem to be reacting in that way as well US 30 drifting lower needs to take a little bit of heat out of there as well Because it's been just going great guns for such a long period of time We could do with a little bit of a little bit of a money sell-off and we know it has come down ever so slightly the last couple sessions next potential support 16 738 on US 30 you given hundred not quite showing that same that same pressure though very volatile of the last six seven sessions Long-legged candles both directions six seven seven four looks to be strategic in the short term I don't think today's any different I can see European markets feeling the pressure, especially the Germany 30 this morning Japan to do five smashed it yesterday getting on close to potential resistance 15 828 Better reversal this morning Surprising considering you've got such a big move in dollar yen But in reality, I'm sure that's a bit of profit-taking or potential profit-taking. I should say after such a strong run up right here Finally Japan to do five springing into life. If you have a look at that dollar yen move that is a significant technical move A breakout above potential resistance one or two spot 90 was a false breakout We're on the wrong side of that potential resistance right now But we are retesting it and a break and close above that opens up one of the three spots 77 And that would provide a little an element of support and to push Japan to do five a little bit higher So we talked before about an earlier rate hike would Be painful for equities good for the long term painful for the short term And same with crude oil west texas as a growth global growth story aspect If the us raises rates sooner rather than later that could Hurt global demand ever so slightly and that's why we've seen such a big move on West texas crude yesterday in the back of the feds minutes Where people really reading between the lines even know it was quite dovish rhetoric From the fed You know the writings on the wall. They have tied themselves into that employment data And I think most traders are believing it's going to be relatively positive Gold surprised by not feeling the pain as much as you would expect usually goes very interest rate sensitive dollar positive sensitive, but it's just hugging 1295 Which has been a level that's been in play and has been a subject of many technical conversations for a long time I think we might be in a descending triangle formation right here, which means we're going to break out one direction or the other But 1295 looks to be strategic in the short term euro dollar still feeling the pain obviously Eurozone countries not looking so so billows Germany surprising with weakness Portugal's in trouble with their biggest their biggest bank posting an almost 4 billion Euro lost today lots of pressure on there and obviously lots of positive dollar momentum as well so Looking at one spot 33 is the next potential support followed by one spot 31 93 And there will be a lot of a lot of kind of traders looking at your dollar a lot of German and uf data due out today and tomorrow We'll cover that in just a second I'm finishing up with gbp usd feeling the pressure there This is quick, you know quite a multi-session loss that we've had here. I think from a percentage basis Let's actually have a look to see what that actually is Uh from the close right here that is a 1.4 drop Looks to be one spot 6 9 23 is the broken support now acting as potential resistance You can see a broke through it and it's having a chance to retest it again. It's failing to do so And if we have a look at that economic data, we've got german employment data Eurozone employment data. That's obviously going to be quite big for for your dollar We do have jobless claims in the u.s. And we've got pmi And the u.s. Is well 245 uk time fast forward on to friday. You've got german pmi uk pmi us jobless, uh, you sorry us non farm payrolls employment rate data and you do have university magic and consumer sentiment survey and us manufacturing pmi and all that fundamentals coupled with all the technical levels right here This is probably one of the more exciting times you're going to find in the market and You know to keep you keep you on the chart forum for updates from our global analyst team in regards to some of these technical levels Make sure you make insights pot your leg going forward This seems to mark as insights insights directly from our global team and join me again tomorrow to find out what happened next