 Hi, good morning and welcome to today's products and focus you can see there the US there is actually bounced a little bit of potential support around about 16 7 3 8 As I also in the back of some slightly disappointing data that came out from from the US yesterday showing a slight rise in inflation And that really brings into doubt today's monetary policy meeting with the Federal Reserve governor due at 1800 GMT today Where we're expecting to see something relatively quite bullish out there But the hawk seem to be in control throughout today's session. So we've actually seen some some interesting moves on the US dollar And that kind of monetary policy meeting later on today will be closely watched by a lot of FX traders, but it's kind of given a little bit of a shot in the arm for some equities It is slowly grinding up that little bit higher our longer term potential resistance remains at 69 at 66 So looking at the UK 100 it's a volatile couple of sessions Actually, yeah as can be seen by this long-legged candle that we had there was a lot lower yesterday at one point before it managed to Drag its kind of head just above that potential resistance at 6774 It's not going across there with a great hold of confidence mind you But we have bounced off at 55 pureed SMA. We're still fair distance away from the 21 pureed SMA While most of the technical indicators are completely neutral So Glad to see how that pans out throughout the rest of the session and there isn't a lot of economic data due until later on But I'll come back to that in a second, but we do actually have the the Bank of England minutes I'm not really expecting anything too major to come out of there And you've got Cudol inventory due at 330 Looking at Japan 225 is probably going to look a little bit higher today as dollar yen has been rising. So there's been Weakness in the end which is good for Japan 225 And that's kept it on the right side of 14 977 it needs to get to the next potential resistance 15 2 1 2 the longer term obviously is much higher I'll be interested to see if dollar yen manages to retain as momentum going forward now looking at this We do have a golden cross on moving averages Whereas most other technical indicators are slightly neutral just trading above that five-period SMA is a good start The longer term potential resistance remains at one or two spot 87 So looking at cruel West Texas seems to be quite volatile, but they'll support with the current fundamentals of Ukraine and Iraq The last three sessions have had a lot of doji formations here that we are currently able to post a More bullish candle today that we have only just started the session Lots of volatility there incidentally. We are making a pattern of lower highs here So the interesting to see if today you can break that pattern I'll say longer term potential resistance remains around about $110 So gold had had a great run there for a couple of sessions and has Has come off about a profit taking of some concern over the monetary policy session today Had caused traders to big profits, but when that inflation data came out as much higher than expected that was a big shot in the arm also for for gold very short hammer formation here our potential hammer formation We are trading above potential support currently, which was resistance at 1267 Though we are struggling to break higher this morning, but that 21 period SMA might provide a little bit of support So Euro dollar Again also quite volatile On unable to break above potential resistance at one spot 3568 You're actually seeing a little bit of yin's a lot of your strength against other crosses So the dollars just pushing a little bit harder against this as well We need to get above this to be able to re-challenge potential resistance on one spot 3645 But I think the reality is that the current fundamentals is as more US dollar positive than it is Euro positive But we'll see for as long as that remains intact the next potential resistance will be at the bottom of this This candle right here is so close to one spot 35 and one spot 3455 and we finish up now with GBP USD Which has been very popular with CMC clients the last couple of sessions We look to be having a re-challenge of potential resistance at one spot 70 big psychological level We broke it there on Monday. We got to one spot 70 11 But once we managed if we managed to get a break and close above 170 you got 170 408 is a long-term potential resistance We're still close to five-year highs right here on GBP USD And this is where a lot of effective traders will still be putting a lot of their attention So we already talked about economic data with the Bank of England minutes due at 9 30 probably nothing too exciting to call for there But you never know And then the crude oil inventory data if you've been trading crude oil that will be a look are really important but data to look at Compounded by the current kind of conflict fundamentals in Iraq and Ukraine if the inventories are a lot less than expected That could cause some interesting moves and West Texas if it comes in wildly Better than expected that can also be quite volatile now Later on tonight That's seven UK time We've got the FOMC Minutes right there and that will be the the section to have a look at today for clients You're trading that a little bit later and we fast-forward on to Thursday That'll be the 19th there you've got the retail sales in the UK We should be good for cable again and jobless claims in the US and we finish up with the Philly Fed Business activity at three o'clock. So there are a fair amount of fundamentals due today But it's all about that FOMC meeting due later on today Keep your eye on the chart form as ever make insights part of your layout and join me again tomorrow to find out what happened next