 Hi, good morning and welcome to today's products and focus. Another day, yet another amazing crude oil volatile swing with almost a 10% increase in West Texas crude yesterday, which had a bit of ramifications across most other markets. There's a number of factors at play just now. One that has been talked about a lot overnight has been the drop in the value of the US dollar after Fed member Dudley's basically come out again, yet another Fed member as well has come out and said that the US dollar is too strong and is hurting our competitiveness globally and that's basically made big changes in and bets for the future trajectory of US interest rates into next year, into this year sorry, and December still seems to be building up momentum for the next potential rate hike if it comes this year at all. So the US dollar has kind of really retreated against most the majors especially against the Japanese yen and we've also seen big moves with euro dollar, which we'll look at from a technical perspective. We've finally got that technical breakout outside of that triangle formation that we've talked about and even the GBP USD managed to get a little bit of extra gain on the back of it. So that reduction in the future rate trajectory has also had a big impact on the equity markets as well. We've seen the US 30 managed to increase quite substantially. January 30th, maybe not so much, UK 100 is obviously getting a bit of a bounce because of the increase in commodity prices, but it has been a very interesting overnight session and gold as well has had a nice beautiful breakout and we'll cover that when we have a look at the technical charts in just a second. So let's start off with the US 30 just to kickstart the technical side. So having a look at where we are right now, you can see that we're just approaching potential resistance at 16,460. 79% of CMC markets clients are currently short. We are trading above that 21 period SMA. The other technicals are not yet overbought, indicating there could be further room for momentum if we manage to break above 16,460, with the next potential support after that of 17,095. Then moving on to the UK 100. You can see that I'm actually pointing out the US 30 did have a 400 point rebound from his lows yesterday. We managed to come off quite far from the lows. We managed to get a techie little increase right there. A little bit further bullish momentum this morning, but nothing that's spectacular. The difference being is that we're in the middle of two ranges with the UK 100 with 6,070 being the potential resistance and 57,68 being the potential support. Still in the middle of this sloping downward trend, 59% of CMC markets clients are currently long. The other technicals are relatively neutral, though the MACD histogram is declining indicating there could be a bearish crossover on the MACD at some point. And this is actually the element also there. So moving on to Japan 225, you had the Bank of Japan Governor Koroda come out yesterday. Again, similar to what Mario Draghi had said, to say that they will do whatever it takes to support their monetary policy for them to hit their inflation targets. The Japan 225 was off the session lows because they were concerned that you're going to get a stronger Japanese yen. Actually, double yen really sold off aggressively yesterday as it's a dollar that was the net loser of all the central banker talks yesterday. We'll come back to that in a second. We're trading below both moving averages, 16,896 as the potential support. The other technicals relatively neutral. MACD histogram slowly declining, which could have a bit of an impact later on. So actually Japan 225 not looking too tasty right now at all. Then have a look at dollar yen. You just see the size of this move as the Japanese yen was actually the US dollar lost a lot of strength. We're trading below both moving averages. We've almost got a bearish cross in the slow stochastic. Didn't quite break above 80%. The MACD histogram sold off very close to getting that negative cross in the MACD. 71% of seems to be market clients are currently along. 116, Spot 7 is the next potential support, with 118, Spot 60 being the potential resistance. Let's have a look at West Texas crude. We're coming up quite close to that potential support level right there. Let me make this a little bit easier for us to see. We'll make that green. Pretty much bang on the level. 60% of seems to clients are currently short. This is a 10% increase in West Texas crude. Almost in the back of nothing. We have crude oil inventories. Yes, one of the highest in record since 1930. And even that wasn't enough to keep crude oil low. Now, obviously you have US dollar retreating, but not a 10% decrease in the value of US dollar or anything. Ridiculous of that. So the MACD as well coming out is nothing special. So crude oil is such a tough one to trade right now because one minute is up 10%, next minute is down 10%. Just make sure if you are trading it, that you have the relevant stop losses in place so you can make or lose a lot of money on this bad boy. So moving on to gold. Gold's a really interesting one to look at just now. Obviously interest rates and a weaker US dollar is building up the fundamentals behind it. We punts through 1131 yesterday. Next potential resistance is all the way at 1191. So we're quite a good bit away from there just now. If we do get a retracement, you could be looking at 1131 as a potential springboard. If this is a broken resistance now acting as support, feeling that if it breaks back down, you would be looking at 1111 all the way back down here. 66% of CMC markets clients are currently short indicating maybe they believe this rally is overextended. The technicals certainly show it is extended. The RSI is overbought, the slow stochastic is overbought, though the amount of the histogram is only increasing, but then the trend is higher. So let's finish up with Euro dollar and GBP USD. That's a beautiful technical breakout right there. Smashing really far at this level, getting out of that consolidated area. It's very, very beautiful to see. Let's see for the next potential resistance could be, I think you might have taken this point here that's broken out, maybe this point. I think we're gonna stick with this and see what comes out. See if that's gonna be more relevant because it does seem to be in play at the moment. So we pretty much closed on that level yesterday. We had a failure to break through it again today. One spot 1105 could be an interesting strategic point on Euro dollar. We'll have to see how that transpires in the next couple of days, but a very strong technical breakout. It must have hit a lot of stops on the way up and it certainly had some great momentum. Fantastic move there. 85% of CMC Marks clients are currently short. So they're obviously hoping that there's gonna be a retracement back down towards either these points or down here towards one spot 0.8. So let's go ahead and have a quick look at GBP USD to finish things off. Where the sterling also managed to get some decent momentum. Again, it's mainly the US dollar that were treated across the board. Decent sized candle smashed through one spot 4565. As retrace back down to there again today, this is probably an interesting springboard level. If you're a bull on cable, a lot of people might look at this area as an interesting buy-in point to target a level higher. Failing that, if you bearish on this product, and to be fair, you're quite far away from any major, major levels. Yeah, you're probably gonna take this one. Maybe here. I think we'll take, maybe we'll just take this for now just to be safe. It's a little bit closer. One spot 4805 could be the next potential resistance and that also kind of roughly coincides with that 55 period SMA, where 57% seems to be market clients currently are short. So economic data-wise, we don't have a huge amount out today. Let me just have a quick look at the market calendar. And we do have unemployment claims and factory orders in the US, but to be fair, it's all about non-farm payrolls and the employment data due tomorrow. So make sure you guys don't miss out on that one as well. Well, thank you very much for listening, guys. Very good luck with your trading and join me again on Monday to find out what happened next, as I'm not in the office tomorrow. So very good luck and I'll speak to you soon. Take care, bye-bye.