 Hi, good morning, and welcome to today's products and focus as we'll see there the US 30 has recovered slightly bouncing off the potential Support earn about 16 7 3 8 But I still got a long way to go before it begins to re-challenge the potential resistance at 16 9 71 technicals are slightly neutral on the MACD and the RSI but so stochastic they're still showing slightly negative that we have bounced off that 21 period SMA in the short term I can see some markets the Germany 30 and the US 30 is spiking up slightly this morning as Relative in relative terms obviously you can't really see it too much from the candlestick right there But we are seeing a lot of more signs of life and equity markets after a bit of a pause Because of all the current fundamentals, so the UK 100 is actually still below potential Resistance like this is what's capping the UK 100 right now at 67 74 Though we are looking like we're building up a little piece of consolidation run about that 55 period SMA round about 67 51 We need to get a close above 67 74 to be able to get a retest again of 68 74 two things come down but everything going on with Ukraine and Iraq right now there's a lot of fundamentals and play right now which can Really put the lid on a kind of cap and the equity growth that we see in the short term So the Japan 2 to 5 is still bouncing around 49 77 There's not really too much to report to this in the very short term Dollar yen has been a little has been up one minute down the neck So it's not giving a lot of direction and that's what I think is kind of kind of holding back Japan to do five as well My fact looking at the dollar yen effects pair We are capped at 21 period SMA The next potential support is that 101 spot 35 might be getting a death cross there on the moving averages It's not happened out of yet, but it does look to be a little bit of pressure on dollar yen Maybe we are beginning to get a little bit more yen buying as a safe haven But gold is probably pretty you have been seeing more of the action There has been a little bit of a sell-off on there out of yesterday actually So looking at crude west Texas has come off as highs It did go almost as high as a 107 spot 77 Slowly they've been down to dole deformations there yesterday as you pretty much Things aren't escalating out of control in Iraq right now So when you're Korean obviously the Russians they could turn off the gas as a gas problem no longer supplying gas there That's ratcheting up the pressure there slightly But if the Americans started dropping bombs or things start getting a lot more Aggravated over in Iraq and already is pretty aggravated over there right now But things begin to escalate further then there could be further upside for gold But right now you have to be realistic in the middle of two ranges right now Could drop all the way back down to one or five could go all the way up to 110 Really depends so slap by in the middle of those ranges is quite tough. So with gold right now Actually had a very strong sell-off yesterday Pretty much touched the tip of this 55 pure SMA sold off quite aggressively Though we've stopped pretty much bang on that potential support at 1267 now this will be strategic This is also the 21 pure SMA with everything that's happening all the fundamentals out there This could just be a little bit of a pullback before we can begin to get a move to the upside if it is a start of something More aggressive, you know, there is obviously a lot more downside all the way back down to 1240 again If a if it doesn't recover so do bear that in mind so 1267 is level to watch on gold So looking at your old dollar. It's not really done much either has cable overnight But I guess sorry yesterday. We actually did manage to rally back up to one spot 3568 We've stopped dead in the tracks there as well This level looks to be the one to look at today one spot 3568 And it's bounced off there quite a number of times last couple of sessions So we'll get a chance if it breaks up any higher and with cable We do actually have finally CPI and we an RPI today at 9 30 UK time So this will if you're watching this in the morning UK time That might be worth having a look at does look to be that 170 is a pretty staunch Resistance tried three two days to break and close above it's failed to do so. I think we got got about 170 11 yesterday failure to break through again there today and That just gives you a bit of flavor about where we are But that that CPI and RPI data could be either the catalyst from higher or it could result in a bit of a Sell-off if it comes out we can expect a really good number would add extra credence to an early rate hike At the end of 2014 so Economic data wise obviously we've already covered the main stuff in the morning We've got the ZDW business report in Germany at 10 followed by the US CPI numbers at 130 So there actually seems to be a fair amount of economic data Due today and if we actually look forward on to tomorrow We've actually got the Bank of England minutes and you've also got petroleum data sales And most importantly you do have the Federal Reserve monetary policy meeting tomorrow Which will give more of an indication if we're going to continue to taper Their stimulus program, which they are expected to do so people will be looking at that With keen eyes keep your eye on the chart form as ever make sure you make insights part of your layout and Join me again tomorrow to find out what happened next