 Hi, good morning, and welcome to today's products and focus well to be able to see there the US 30 is just a stone throw away from hanging all-time high The SPX 500 had another record high and we're now obviously well beyond the pre-crisis highs of 2007 So US markets very strong, but we're now Attempting to break through potential resistance at six let's just say it's sixteen thousand six hundred And we need to get a close above that before we can break that fresh all-time high on the US 30 So things have been very bullish there News out overnight that China is beginning to instigate some elements of a stimulus package with the Tax breaks for small businesses. They are accelerating expenditure on new infrastructure and rail line projects Pretty much just a starting Blocks often much wider package of things going quite well there also today is also the ECB rate decisions So many traders will be looking at euro dollar later on today, and that's at 1245 UK time So you came on 100 obviously a lot further still to go versus US markets We were trading above resistance yesterday, but are back below it today 666 that's also the 55 period SMA It seems to have stumbled right there. The Germany there is also something similar So if I look at Japan to do five it's been having a really good run Mainly because the yen has been selling off quite quite aggressively as people are looking for riskier assets when your risk is back on safe haven FX is it's not needed right now. So The yen is a winding a lot, and that's a really good boost for Japan 2 to 5 And we're just trading above potential resistance at 4977, which is good decent break there yesterday And I can have a dodgy formation kind of here But as you can see there we have bounced off that level of 4977 quite nicely So having a look at that dollar yen As you can see there we are now trading above potential resistance at 103 spot 77 and the next potential resistance at one of four spots 63 So interesting markets right there if we jump on the West Texas crude it's trading below potential support again negative day yesterday negative again just now next potential support is at 99 Not much really happening here from the middle of two ranges Gold got a slight reprieve yesterday On the partly some physical asset buying from over in Asia But as you can see we rebounded off potential resistance at 1295 yesterday, and we've done it again today So this is this strategic level to have a look at gold And obviously if you have that ECB rate cut today very interesting to see what happens with gold throughout the session But 1295 is in play. So we come on to Euro dollar And your dollar now is currently trading below potential support at 3772 next potential support is at 3749 So the the idea here still is is that most commentators believe that the ECB will not cut rates but I would say never say never and They want to kind of keep that ace in the hole They really don't want to use it unless they have to there has been some Disappointed data that's been coming out of the Eurozone for a while Other markets are adding some element of stimulus to help their economies Maybe the Eurozone does need a little bit of extra love. It doesn't happen now. It might happen later As a case of wait to see what happens today at 1245 I'm going to be setting my alert on there and you guys should make sure that you're doing that as well Because this is going to be the big news today. There's loads of data out today to be honest You've got loads of European data PMI Eurozone PMI UK Jobless claims, I believe we've got some sort of trade balance data as well And non-manufacturing business index data So lots of fundamental factors loads of big technical levels and you remember the US markets are at an all-time high in their history So a lot of people will be taken into consideration. IMF is just warned in front page of financial times today They've got growth concerns, you know markets are all-time highs, but they're worried about the future. So We'll have to see how things transpire and non-farm payrolls tomorrow Everybody's very bullish about that now. The old thing is going to be absolutely fantastic figure ADP payrolls slightly disappointed only about 4,000 incidentally, but People have great expectations of a really strong figure now So if there's anything less than stellar the markets may react to that and a slightly negative format, so anyway, GBP USD Moving up in the right direction. We're still slapped by military ranges potential resistance at 6 to 744 potential support still at 6519 not much to report here All eyes are going to be on your dollar today and the European indices and Join me again tomorrow guys to find out what happened next