 Hi, good morning, and welcome to today's products and focus. So FOMC last night came out relatively bullish still obviously no interest rate hike, but many people still pointing to September as being a potential time for that next US interest rate hike and the US dollar has certainly Gone a little bit higher in the last in the last couple hours. So again cable your dollar dollar yen It's making some decent advances Like basically dated dependencies still the order of the day and the data is coming out as good now today We've actually got a big piece of US data. You got GDP Coming out later on the session. We'll come back to that in a second, but that is going to be quite an important kind of additional driver as to measurement of the strength of US economy and when the rates are actually going to come out and We also have a big week next week Also this week as well for US earnings there's a huge host of major bellwether stocks all reporting and through various tax breaks and The stronger US dollar some of them have kind of struggled, but those tax break elements have helped them still post some decent profits So some clever accounting going on with a lot of these US earnings, but They're not as bad as potentially has been feared. So looking at the US 30 we have a deal list decent amount of Bullish momentum yesterday not a huge amount of fall through today But looking at the end today charts and my other screen here is grinding higher With the Germany 30 and the UK with 100 all moving up and tandem now we're trading below both moving averages here We've almost got a bullish crossover on the MACD. The other technicals are relatively neutral So certainly now that we have gotten above 17,747 which was the tips the tip of the bottom end of this candle cure in April It does give us a little bit the springboard for the next move up which be towards 18,112 But we need to get some follow-through now and it needs to get moving. Maybe today's GDP figure Will will help out and as you can see the GDP figure is due at 130 UK time and The one you want to look at actually is this one here the advanced funds to 2.6 as the forecast There's quite a large number of other Figures on here, but 2.6 2.7 is what is expected for the GDP and it'll be interesting to see how that had that one pans out So then moving from from that and moving out onto the UK 100 You can see we're making a broader advances versus the versus the UK one over versus the US 30 a Break just getting above that 21 period SMA, which is great. We're getting closer to 66 86 as well as the next potential Resistance level Have a marriage to break and close above that that would open up 67 71 Which is also be quite close to that the five period SMA bullish cross on the MACD Basically looking at this The UK 100 looks to be well positioned. Should it get above 66 86? To to make some decent gains But obviously depends how things go with the US today that GDP figure isn't just gonna impact the US markets It could be a massive driver for the UK 100 as well I'm bearing in mind that this market of ours has come come down a lot more Because of our big exposure to to commodities with BP and Shell actually both coming out with statements today saying that they're buckling down the hatches and Essentially, they are preparing themselves for prolonged depressed oil prices and Like what's Texas crew was down as low as about 46 as a few days ago was currently at about 48.5 on Per crude oil inventory data that came out yesterday isn't a lot lower than what was expected But as we discussed a lot during these sessions with Iran coming back on to into the global economy And slow down in China and everything else. I think there's going to be a lot of pressure on Crew prices and you factor in a bit the stronger US dollar. That's not gonna help either So I'm still making some decent gains towards the top end of the of the range already this morning 66 86 is the potential level to be aware So quickly moving on to Japan to do five. So it's getting a benefit from that dollar yen push higher is currently 124 spot 17 And 20,868 is going to be that potential resistance to watch out for so things are still looking interesting there slow stochastic on the on Japan to do five is giving a sell signal But I think the fundamentals would push higher and as you can see they look at a dollar yen 124 42 So here's breaths away get breaking close above that we'll be looking at 126 as an extra potential resistance and that that would be kind of interesting because I think there's maybe limited upside to a little bit of weakness sorry to the Japanese yen when there's still a lot of this Inserting everything else going on. So we can get above 124 42. That'll be interesting 126 as a big ass But you never know So moving on to West Texas crude as you can see the rebounds capped that potential broken support now acting as resistance 4940 we've already started to dip down a little bit this morning tips of these candles are indicative of that of that selling pressure as well. So This is level to watch out for regardless of your if you bullish or bearish on this on this product It's not broken it yet. So we'll see how things go. So gold gold obviously got hit quite hard last night Well, actually not even last night It's getting hit hard this morning and I would probably be a bit more confident to say now that we are Getting that symmetrical triangle formation that we talked about It's very quickly just draw something on here just to see how it looks And remember that a symmetrical triangle formation is usually a continuation pattern so the biases for continuation So we've seen a break lower So they own us the bias could be on a break lower But certainly until we break down blue types of these candles you would never trade normally within the actual pattern itself So very quickly moving on to your dollar in GBP USD because your dollars reversed first course that FOMC last night Really giving a shot in the arm for the US dollar Other technical neutral almost got a bearish cross on the MACD lowering histogram Trample both moving averages next potential support one spot 0786 So finishing up there on GBP USD because UK data has been pretty good as well, right? So we get a strong FOMC to get a decent GDP from the US later on today potentially How does that counterbalance against the UK GDP figures were also quite strong? Well, you can see yesterday. This is a graveyard doji formation right here So we were a lot higher got pushed a little bit down from a technical perspective That's a real ugly candle to have so I Think you know if we get a really strong US GDP figure or if it comes in at 2.7 and that's forecast Then you know the dollar is gonna continue to to make advances even though the sterling is actually looking pretty decent I know our own interest rates will be coming to focus at some point as well So we are also laying around one spot 56 one spot 56 is being probably important level for a number of months And today's not gonna be any different to keep you eye on them So make sure you don't miss out on that GDP figure It's gonna be a big big bit of data loads of people waiting for that Keep you on the chart forum make insights part of your leg going forward and join me again tomorrow to find out what happened