 Hi, good morning, and welcome to today's products and focus. So the Greece issue is Slowly coming to a head with the referendum due on Sunday But the markets looking incredibly resilient considering all the uncertainty about contagion and the impact of the Eurozone should Greece eventually vote no on Sunday But a lot this positive momentum really just pushing The Greek government to into a corner because they can't argue that that the Eurozone will have to come to the rescue No matter what so interestingly most global markets for up above and over in China where the stock markets are again down and Propaganda ministry has been told by the government Certain sources being cited across there in that local region not to publish negative stories about the stock market and only to publish positive stories, but they The Shanghai stock exchange down another 2% again today I think most of the major global indices in China are down about 25% in their peak at the start of June So things still looking pretty dice there and the government are now doing a lot of things to try and prop up those markets And it's still not having desired effects So it's obviously not it's spelling over on to the other European and US Markets, but at some point if that begins to accelerate It's something I would have in the back of my mind anyway if I was looking at these world markets But looking at the US 30 just now we're trading above potential resistance 177 47 Technicles are a bit redundant at this point with all the fundamental issues on there And we do have non-farm payroll today which promises to be an exciting figure because we'd be private payrolls yesterday Far beaten expectations and we've seen cable and euro dollar actually come off a fair bit as the US dollar has been getting a little bit of extra momentum Overnight and this morning looking at the UK 100. We are trading about 65 89 Decent day yesterday, but well off the session highs We initially had a spike higher when it came out that Greece was actually going to accept The bailout conditions with only some small changes and then suddenly the Prime Minister Went on TV and because it know the Eurozone are trying to blackmail Grease and he urged a novel on Sunday's referendum in the markets all of again But recently most global markets taken up again nicely today even with all this uncertainty Spiraling around in the background Looking at Japan 2 to 5 because dollar yen has just shot up like a rocket 1 23 48 That's been quite a positive for Japan 2 to 5 stopped a little bit dead in the track today great session yesterday still lying up 2868 should a global market should we get this Greek referendum out of the way if they vote yes to the bailout Then things will maybe get themselves sort of that a little bit better So looking at that dollar yen coming up close to the 21 period SMA 120 42 Spot 42 is an exponential resistance We are getting a little momentum at the moment. We're at the top end of today's scale Almost got bullish cross in the MACD other technicals are relatively neutral I've seen rallies like this spot around on dollar yen, but we do have non farms today So if that comes out good, we might get some extra momentum But then you do have an American holiday So maybe people might look to shore off some bullish positions before heading into that period Looking at crude crude came off quite staunchly yesterday. I'm guessing oil inventories weren't that great Or maybe they were good and that's what said the price Also, you have that big Big spike in the US dollar you got China you got slow down fears blah blah blah So we're actually it's very negative bullish and golfing a bearish with the golfing pattern trading below $57 iron up 5485 as an ex-potential support Looking at gold gold's not benefiting from that stronger dollar and more interest rate chart in the US So it's drifting down lower at the bottom end of the scale 1163 was the low that it reached on Friday 5th of June We look like we might surpass that today to get a good NFP with 1137 being the next potential support So finishing up with your dollar and UP USD. So your dollar two negative days Not doing a huge deal first thing this morning I think we're now going to be in a holding pattern until we get non farms at the way But we're below one spot 11, which is that pivot level we talked a lot about should be downward momentum begin to accelerate You are looking at one spot at 07 86 as an ex-potential support level Moving on to GBP USD and negative very negative day yesterday. We've just broken ball tournament period SMA We're just dipping blow one spot 56 as we speak If we if we do get a positive non farms today, and that puts further pressure on cable That would push us down below that potential support and that would out one spot 54 24 We should also coincide with that 55 period SMA and you've gone Negative cross on the MACD. You had a cell signal the RSI and it's close to cast it just number of sessions ago So a lot of technical signals there not looking that great If you look at the wave formation that we'd have here if we follow a similar retracement to what we had back in May Down to the start of June that would probably bring us quite close to this level if that continues on But it's all data-dependent and what happens with yours on so Remember non farms today 130 make sure you set your alarm for that I do believe you've got non farm perils webinar What would be great for you to attend go to support and live through your events and sign up today it's free of charge for our clients and If we fast forward on to Friday, probably not a huge amount happening Over and above the PMI data and retail sales in the Eurozone because it's the American holidays start to kick off So there are a couple bits and pieces, but it's really non farm perils today and I Think about volatility over the weekend if you are looking to hold positions over the weekend Especially for Greece if you're looking at your dollar backs The Italian med the Spanish 35 everything else at that. It could be extreme volatility Depending on how that boat comes out So I do have a thing about that as well keep your on the chart for making sense probably later going forward and join Me again Next week to find out what happened next