 Good morning and welcome to today's products and focus. So having a quick look at the US 30 to kick start things off We had a bit of a negative session there on Friday We were higher and more profit by the end of the day only then for the The bulls to kind of run out of steam and go into negative territory So quite again quite a negative cancel to have there on Friday That's been followed through today with more downwards momentum We're currently trading towards the bottom of the range with a seventeen five sixty one be the next potential support The question is will that be able to hold or is this merely just a retracement before we rechallenge? 17747 again You can see the MACD histogram has declining bars indicating a loss of momentum So we're getting quite close to potentially a negative crossover Whereas we do have a cell signal in the slow stochastic and on the RSI sorry and the slow stochastic there It's slowly drifting down slight divergence visible here with the price action moving higher and the slow stochastic moving lower So there could be it has had an incredible run for all of October So it'll be interesting to see how much pressure needs to come out of this rally before we can move up higher And certainly in the backdrop of global growth concerns the market is crying out for more Quantity of easing and China and the Eurozone and Japan And it's not quite had it yet. So let's see what happens next looking at the UK 100 a more aggressive move between Thursday On Friday, and we've gap lower this morning with 62 basically 6300 being the potential support very very top-heavy here trading below the 21 period SMA But still above the 55 we've already had the negative cross on the On the MACD and we had that negative set that negative cell signal in slow stochastic probably in about mid-October So the UK market already further along in this negative trajectory rather than the US 30 So quite quite interesting for the UK 100 right looking at Japan 225 Again quite kind of an ugly candle to have on the Friday Didn't sell off quite as harshly as the US market did towards the end of the session managed to bounce back before the close Had ticked his head a little bit higher But has moved lower this morning. It's already bounced off 18 648 which seems to be an important level. We are still trading above both moving averages MACD histogram is slowing. We've almost got a cell signal in slow stochastic But not yet, but Japan 225 is probably briefly supported by the fact that there could be Monetary policy changes which would cause that index to spike up So a lot of traders don't want to be short on Japan 225 when there could be Constable action on the table. So looking at dollar yen You can see that we had a flight to safety on Friday for the equity market sold off Traders bought the yen and the expense of the US dollar and we're now trading about 120 spot 55 Which the market has been oscillating around here for our last couple of sessions As ever dollar yen has been in the flat Formation for some weeks almost to two whole months now and it'd be interesting to see if we've maintained this kind of kind of wave formation between 119 and almost 122 Certainly from a trader's perspective markets like this can be quite interesting to trade Especially if they're easily identifiable So moving on to West Texas crude which had a fantastic session there on Wednesday after inventory data came in much worse than expected and the FOMC talked about raising rates in December or the possibility that it be discussed anyway An okay session there on Friday not doing too much today Looks to be that 45 spot 85 could be a kind of an oscillation point also for crude moving on to gold Gold's been getting destroyed recently now We've had the FOMC basically mentioned that December could be the month for left off Gold doesn't like higher interest rates in the US very much at all But 1138 is a potential support which also coincides with the 55 period SMA Other technicals are falling off a cliff right now But 1138 is strategically important if we break and close below that that opens up a move much lower towards 1098 so pretty much a $40 move should that eventuality happen Then looking at your dollar and GBP USD your dollars were tracing back up to one spot 11 as the dollar ran out of steam We get tired this morning So you'll gain a little bit of extra strength at the expense of the US dollar But with the fundamentals out there behind potential December rate hike and the ECB Potentially looking to embark in QE at some point any rally on Euro dollar might might struggle under the pressure of those fundamentals So one spot 11 will be strategically important as a resistance level for your dollar So looking at GBP USD a Fantastic session there on Friday busting up above one spot 54-24 A bit of negativity so far this morning looks to be just for retracement one spot 54-24 could be The launch pad for a move towards one spot 56 or if it fails and move back down to one spot 51 85 could be on the cards So I could my day wise we had we slightly beat expectations for the PMI data out of China this morning We've got UK housing index later on today followed by more PMI data for the Eurozone the UK Germany and the US and if you finish up there with Tuesday and Wednesday Tuesday not a huge amount of exciting data Wednesday gives you more PMI data from China again And actually a whole host of other ones from market serve Then you've got ADP private payrolls Wednesday because we've got non farm payrolls this Friday That's coming about pretty quickly Then we've got US trade balance data and they were finishing up with their ISM numbers from the US and then that weekly petroleum report Because it's crude oil Wednesday remember what happened last Wednesday big spike up on West Texas crude because those figures came on came in a little short So a lot of people who are trading crude will be watching this with great interest But remember non farm payrolls this Friday you've got the ADP private payrolls the precursor on Wednesday And we'll see what happens then so as ever keep your eye on the chart for them lots of cool analysis from our UK team here you've got Michael and Jasper doing lots of updates Make sure you make insights part of your layout lots of very useful CMC specific updates here from our global teams about what's impacting the markets today and join me again tomorrow To find out what happened next