 Hi, good morning, and welcome to today's products and focus Japan's price markets from Friday with surprise rate cut by By 40 basis points, which are completely out the blue which calls the global markets to spike up a little bit higher It's already having quite a good session anyway On the back of some quite good data that come out of the US and everything else But we were away from our a lot of our recent highs you can see this candle here Almost a chop those gains and a half by the time it came to close We've had a little bit of fall through there today potential support remains now at 17 7 3 8 The kind of finance Minister in China has hinted that this might not be the only rate cut that China might push out there the fact we've seen Chinese kind of estate stocks and Building contracting stocks really shoot up there up almost 6% Over in the Chinese stock markets for the Hang Seng also up about 1.5 percent not the Hang Seng index itself, but construction related Companies over there. So really looking at this Chinese rate cut as she has quite a big deal in that part of the world It's not necessarily fall through completely in the US side over in Germany However, because Germany do export a lot to China and the German Dax has continued to push on that little bit higher But nevertheless 17 7 3 8 is next potential support on US 30 with the tip of this candle here now being the new resistance and then I should probably just add that in And as you can see there that has run about 17 3 9 9 very close to well pretty much is 17,900 So looking at the UK when 100 is also still doing quite well not quite the same staunch sell-off We saw on the Dow potential resistance in in play at 6 7 7 1 and that was obviously the lowest there from September We've got the Golden Cross and moving averages Slow stochastic and the RSI are overbought right now But there's probably still a little bit of room for bit newer here if we do get above 6 7 7 1 break above that That does open up the UK 100 is 6906 We've not broken it yet, but we are looking okay this morning. It's not punching on higher But it's moving in the right direction. So Japan 225 still failing to break resistance at 17 496 Not much else to say here Dollar yen has been sideways all morning Obviously, we have had a lot of positive dollar news. We've had some Quiet mixed yen news of the Bank of Finance Minister over in Japan also talking up the yen saying that he can't let the The end appreciate well, he's not very happy with how quickly it's depreciating there as well So looking at 17 498 is the next potential resistance on here So looking at that don't even position as well We can see there that we are in the middle of two ranges right now looking at potential resistance still at 124 spot 24 Next potential support is a little bit down at 114 spot 74 We are quite now a little bit reversal away from 120 roundabout this area has been seen as a danger zone for some Japanese firms They're previously in regards to an invention from Japan still seem to be particularly unlikely But when the finance minister is saying that he's not he thinks that the yen is depreciating too quickly That does put the brakes on quite a few things. So as you see there We have retraced arrows slightly down treating below 118 yen But there's there's still a little bit of life in it as of yet. So finishing up as a good all-west, Texas We're branching out close to 77 dollars So some of the spot 40 and the next potential support still at 75 Obviously, this is a good shot in the arm with a Chinese rate cut But it's not fall through again little bit today So we need to get this just a little bit above 77 before we can say that we're out of the It's kind of longer term downtrend, you know, if I get start start to get above 80 That would be a little bit more systematic that move But certainly rate cut in China should help less Texas crude but you know looking at today It's not really necessarily doing it quite so good So looking at gold gold's trading in between two range right now 1186 Support and 1218 as potential resistance in the middle of two ranges right now There's not really much to talk about right here because we are basically floating in the middle of no man's land right now So technicals are relatively neutral I could really go the way and we're actually flanked in both sides by that 21 and 55 period SMA So finishing up with your dollar your dollar was a completely falling over there on Friday Looking at this on the back of Mario Draghi who's talking about quantitative easing stimulus measures rate cut basically a very very kind of pessimistic view on the eurozone And obviously all that stimulus that was talked about is what's helping to propel the Germany 30 up on top of the Chinese Announcement as well. So the Germany 30 is probably for a lot of interest is going to be today Anyway, as you can see there we bounced off potential support one spot 2367 longer term potential sport one spot 20 With traders giving the euro a wide berth in the back those draggy comments right now. It's just not in vogue at all So finishing up the GB USD as ever wrong side one spot 5743 not as interesting as your dollar to be completely honest We're still kind of consolidating Round about that potential resistance. Most traders will probably be looking at your dollar today Dollar yen's all your yen as well is also quite interesting And just keep an eye on one spot 5424 is be the next potential support So in regards to outcome of data as this fast forward on to Today, we do have the German IFO business survey, so make sure you've got your alert set for that That's probably gonna be the biggest bit of information coming out today. Maybe fast forward on the Tuesday We do have US GDP And we've got some US retail sales as well plus CCI and the UF so your dollar that might be an extra catalyst there and What to do is keep your eye on the chart form as ever make insights Probably like going forward and join me again tomorrow to find out what happened next