 Hi, good morning and welcome to today's products and focus. So obviously big news of the weekend, no Greek deal Referendum to be held in the 5th of July to talk to ask the great people if they want to accept the bailout or not No extension of liquidity to Greece capital controls in Greece you can't withdraw more than 60 euros a day If you're a local from cash machines and currently there are huge queues of people Trying to get gas trying to get food trying to get money at the banks obviously everybody all waiting till after The deadline to try and take the rest of the money out We've never seen queues like it on the build-up until today And I've just been looking at some images online and Greece is a bit of a mess So looking at European and my for global markets most equity markets feel in the pain this morning Gapping down lower even as far as China Chinese stock markets down Limit down again today the Chinese version of the NASDAQ down another seven percent It's actually down 33 percent and there's a few number and there's a small number days. That's down about 20 percent in three days German DAX currently is down four and a half almost five percent With most European Boris is just opening as I'm recording this video. So the UK 100 gapping down much lower And but it has managed to rally back back up just below potential resistance at 17 and 747 But we're basically just waiting to see how the rest of the other markets react when stocks actually start trading The Greek stock market is going to be shut off the week as our all Greek banks So that that should be contained for now, but as you can see the UK 100 gap much lower So this is where we closed there on Friday. We actually almost hit 6500 at one point So we're quite a far far bit away from the session lows So we're currently close to sixty five eighty nine or quite close just at sixty 6600 so moving on to Japan to to five you see we are also the gap this morning 20,000 87 the support level to be aware of right there And then moving on to dollar yen dollar yen again off the session lows Was quite close to 121 eight spot 87 But has managed to ride back up to 122 87 is your dollar that I will have a look at that's for the Any major euro FX pair which should have significant moves on it looking at crude that's down as well Trading below potential support at 59 50 currently trading a dollar below that at 58 50 Gold not doing as much as you would expect some of the yen actually when we looked at that chart There's not a lot of safe here in buying, but there's lots and lots of selling And that's just pretty much right across the board looking at the at the end of day charts And you can see they were just below 1186 to be fair That has been a resistance slash support level for a number of months and today seems to be no different in that regard So let's have a look at your dollar Euro dollar having it's again off the session was gapped way lower went all the way down to one spot 955 but I since rallied it a lot back. So just below potential support slash resistance at one spot 11 now I'm most I'm just noticing here as the markers is opening doors German Dax now down almost 5% just as the the underlying markers begin to open and but as you can see there the Euro a dollar has managed to make a little bit that lock round But it's failing currently to break above one spot 11 Which will be acting now as a potential resistance level. So then finishing up with GBP USD It's fairing a little bit better, but one spot 5743 is still a short-term potential Support slash resistance. So it's broken support now. It's big tech as resistance from the wrong side of that just now We've launched a negative Could have technicals on here across over the mighty Um Cross on the RSI and the slate and the same for that slow stochastic there as well pressure will be on So what is expected to happen there on today? Well, if you keep your eye on financial stocks, they're probably feeling the brunt right across every major index You can just see here that the Germany 30 down almost 5% UK 100 is actually performing relatively okay Considering down about 2% I think it's very much just that we're a little bit Unchartered territory right now In regards to what's going to happen next the markets don't tend to like that So people will be taking money at the table, but there is bargain hunting opportunities for those people that like that white knuckle ride We just don't really know what's going to happen with them whip with grease next And if we do go to a referendum on the on the 5th of july I think it's highly likely that the Greeks will vote to have the bailout and They will be new elections called and grace But someday I said it's not too late for a deal to be reached But the markets obviously react you can see the you can see the germany 30 actually down more than 5% now as we're as we're According to this video. So look that germany market getting hit particularly hard Basically, keep behind the chart for them. Keep looking at insights our global analyst team will be doing lots of updates on here to make Sure our clients are well informed and join me again tomorrow to find out what happened next