 Hi, good morning, and welcome to today's products and focus. So today brings us to FOMC that's due at 7 p.m. UK time With the Fed me in fact decided to raise rates 85% chance of that apparently priced into the markets if the Fed don't act That's when you're gonna get a whole bunch of extra volatility in the markets Looking at the US 30 you can see that it's had a decent couple of days coming off the lows there on Monday Pushed up higher yesterday Crawling a little behind this morning just above potential resistance at 17.561 Other technicals are relatively neutral Looking at new K100 similar kind of pattern very volatile session Monday where we moved higher and lower to settle quite close to the opening price We managed to push a little bit higher yesterday as commodity markets Managed to recover some losses, but we've kind of stopped dead in our tracks right now close to potential resistance at 60 73 Moving on to the Japan 225 It's also had a couple of interesting days there whereas bounced off potential support at 18648 three times Very volatile session yesterday were much lower pushed a little bit higher But pretty much finished bang on where it opened But we were already pushing a little bit higher this morning just getting above that 55 period SMA and touching potential resistance at 19104 So then looking at dollar yen dollar yen Three bounces of potential support at 120 spot 55. We're trying to break through 121 87 right now. It's just ever so slightly off the daily high But above the 55 period SMA and obviously if the Fed does decide to To raise rates today FX is going to be a particularly important asset class to look at with dollar yen GBP It's you a dollar. I guess Where you'd see a lot of action if the Fed didn't raise rates Okay, so we'll come back to them in a second. Let's have a look at West Texas crude Interesting candle where we were a lot higher late in the session 3750. We've got pushed right back down again But already the the markets are not reversing as you might expect in this technical signal But they're just grinding up that little bit higher. We are a fair bit away from 37 spot 50 to be fair But West Texas had had decent bounces almost a 10% move in just two days So we'll see what happens there. Obviously the Fed does doesn't cut rates You might get a decent bounce from West Texas crude. They do cut rates I think it's almost kind of pretty much priced in right now But that that would probably have a bit of a short term negative impact on West Texas So looking at gold gold obviously interest rates sensitive almost trading towards a bottom of its range over the last couple of years anyway 1072 being the potential resistance 1031 being the potential support short-term potential support would be around about 1046 the Fed doesn't raise rates expect gold to get a net positive of them so looking at Euro dollar Euro dollar bit of an ugly technical setup right here We're making higher highs, but we're closing either bang on the level of the day before or negative as we were yesterday We are trading below that 55 period SMA We're in the middle of two ranges one spot 11 being potential resistance So that will be something you've been looking at if the Fed doesn't cut rates Doesn't it doesn't add to rates? Sorry and one spot 08 19 would be the next potential support But remember rates are about 85% priced in already Then having a look at GBP USD Negative couple of days. We had bad day on Monday We had a worst day yesterday and it's kind of stopped at one spot 50 27 We're below both moving averages the other technicals are quite neutral meaning there can still be further room for maneuver So economic data wise we do of course have a whole bunch of PMI data before the FOMC tonight We've got employment data from the UK CPI from the Eurozone Industrial production in the US lots of macro data to be aware of Crude all inventories, which would be important if you're trading with Texas crude Which I'm sure a lot of people are right now, and then you've got the FOMC at 7 p.m UK time just followed up by statement by the Fed keep your eye on the chart forum make insights part of your leg going forward and Join me again tomorrow to find out the result of that of that Fed decision and the impact on the markets Thank you much. Bye. Bye