 Hi, good morning, and welcome to today's product and focus most more major global equity markets are actually slightly sideways in the last couple of sessions You're able to see that right here after reaching all-time highs there just on Tuesday night and following Janet Yellen's testimony Everything's just kind of going one one way right now You do have big directional moves in Japan to the five will cover that in a second gold sparking to life ever so slightly But I'm looking at cable. It's grinding a little bit higher your dollar completely sideways and dollar-yem pretty much the same same thing. So we're entering a period of potential Without any kind of major catalyst as in, you know stellar or really disappointing news one end or the other It doesn't feel like we're moving into a little bit of a kind of a period of low volatility right there So looking at 18 two on six being the the current high if we do get a move lower You're looking at 18 one one one as a potential spring board to move up higher But it's not nothing major and the pipeline coming along that's a non stat in the short-term anyway So looking at the UK one hundred It's obviously I drifted down yesterday not doing too much today 6908 point eight point six point eight is going to be the potential supports of broken resistance traditionally reverses and becomes a new support level and that could be an area worth looking at possibly Close to the start of March right there. You see the MacDee's really flattening out As is the RSI and the slow to Catholic is just about to go into overbought territory around about that 80% level Which is probably one of the only technical factors that would be indicative of of pressure to move this lower But 69.6 06 sorry is the potential support so Japan 225 so we're getting a big spike in Japanese equities is there big Government pension scheme is changing the way that they allocate the stocks I think the are committed to buying about 8% the entire government pension fund and Japanese equities they just shut them up to 25% and that's why Japan to do five is As bucking a trend and a soldier on there quite nicely obviously the long-term potential resistance we talked about is eight 20,000 eight six eight Breaking through 18 648 right now that is now a broken resistance now expecting to act as potential support Technicles are however quite overbought, but it's been driven a lot by those fundamental factors right now as well We had some decent data come out of China yesterday again today Not like it's stellar or amazing, but enough just to push things along there nicely But this is a nice break out to have there on Japan to do five So moving on to dollar yen Imagine before it's moving sideways. We've been doing this for a long time 119 is the pendulum level nothing much to report there just now So moving on to West Texas crew. We did have a short-term spike yesterday in the back office and Saudi commons regarding Demand picking up. However, we're beginning to drift down again already. We're down almost three quarters of a percent Long-term potential resistance still remains a 54 spot 85 crude all on the turries came out Bigger than expected yesterday as well, but they're almost nullified by those comments by the Saudi oil minister But that's maybe adding a little bit of weight onto there as well So almost record amounts of of crude and storage not surprising when it's as cheap as it is just now Lots of people buying up crude to store it to sell it further on down the line And that's probably still going to have a little bit add a little bit of weight on to crude prices in the short term I'm with the US dollar not doing a huge amount right now Any weakness that you'll see include will be more prevalent should the green back begin to recover On the back of any US macro data decent macro data coming in but gold is still benefiting from that lack of greenback strength Trying to re-challenge 1218 Almost got the death cross and moving averages to be aware of but we do have a reversal signal in the slows Stochastic right there just about to break through that 20% level RSI never quite went into that same territory So I'd say relatively neutral, but we've almost got a billage crossover on the MACD as well So a break above 1218 and the close above that might actually open up the gate towards 1242 but it all depends on the latest round of US economic data Today's Thursday, so there's a fair amount of data to talk about we'll cover them in a second. So moving on to your dollar Your dollars still trading within this asymmetrical tranq formation. We're waiting for a breakout one way or another As far as we've been told the the Greek reforms seem to be relatively credible But we're not getting any specific movement on your dollar just now. It's quite boring in that instance But moving on to GP USD is going I guess if you look at the trend is actually looking quite quite decent now We just get the drawing tool feature. I for now you can probably draw a Support that support trend line up that direction just now So one spot 56 is not that far away and a break above that opens up on spot 57 43 almost got a golden cross on the moving averages. The other technicals are Moving into slight overbought territory with but it's only this looks to cast it has actually gone there The RSI still has a level of room for maneuver Which means that 56 is quite possible. So having a look at the economic data. That's due out today We've already had some German data that came out mildly better than expected We have UK GP due out 930 UK time. You've got US CPI and durable goods orders and the unemployment data This is but a fair amount of data coming out 130 today That's specifically related to the US which a lot of gold gold traders and people who are interested in the US dollar Incidentally, we'll be looking at to get more clues as to the strength of the US economy and That pretty much is your as your lock for today fast-forwarding on to Friday German CPI US GP that'll be an important one for many trades to look at so make sure you set your alarms for that at 130 And you've got you at the US housing index due at three o'clock as well So as ever keep your eye on the char forum for new trade setups firm our global analyst team Make insights part of your leg going forward and join me again tomorrow to find out what happened next