 Let's jump over to our man, Teddy Kegstad. Folks, you can check out Teddy's Outstanding Tiger Forex Report. He's got new issues every Monday, updates throughout the week when warranted. That's right under the newsletter tab at TFNN. He's got a couple of outstanding webinars that you can check out on the services tab as well. We're coming into the holiday season. You might have a couple extra days. Maybe your home just relaxin'. Don't forget about those. Head on over to TFNN. You can check out those webinars right under the services tab. Teddy Kegstad. In the market we got going on. Good morning. Absolutely. Where would you like to start? Oh boy. You want to start with yields? We talked a little about the 10 year last week. We're under 3.9% and it looks like it's not stopping anytime soon, man. What do you think of the market action? And yeah, let's start there if we could. Sure, sure. Well, I like the right now where we're at right now as far as with the yields. I think that obviously yields are going to be a very big topic with what's going on with England as well. But I think right now our numbers, like we've been talking about this, are even though they're tracking in the direction where they want it to be, now they're talking about a soft landing and what have you. Remember that the original plan by the Fed was for us to have a recession. Even though we all Americans will say we've been in one, they said we have not been in one. So it's for us to have a soft landing. A soft landing isn't what they're looking for, for one. This still I think is way too low for their original targets. They want higher unemployment. So unless they're really going to shift their narrative and their strategy, which is what the original set out to do, their premise, I think that we're still holding pattern with them. I think we're hitting the extremes. Do I think yields can go lower? Overall, I think that's going to be the trend with the election year. But I still think we still have a chance of getting them popped yet one more time. I think that the news is trying to force the Fed's arm and I'm sure that there's a lot of pressure from the government as well to at least stop raising rates for the next like six to eight months at least or even more going into the election, I would think. But the question is, are they going to hold firm? And I think we still have to watch the numbers. There's a lot of things that could cause inflation to come spiking back again. So what happens with this thing that's going on in Yemen with crude, we touched on this a couple of weeks ago. Remember a couple of weeks ago, I said, did you just hear about this? These ships that have been attacked. Just yesterday alone, you had five or six of the major shipping companies that go through that area say they are no longer going to go there at all. That's kind of a big deal. I don't know how many companies run major shipping out there, but I know that when it comes to that area of the world, it's not that many. So if they're not going to go there, what does that do to international trade? You're going to see a lot of disruptions on a commodity scale especially. And that's going to affect the currency markets as well. Yeah, it's something like 14% of global maritime trade or something like that, which is just a remarkable number swings around that corner. And yeah, it seems like it's a business, right? They're sending employees around there and I think it probably reached the point. Imagine on those ships, imagine, you know, they're people, they got families, man, they're employees at some point, it probably just reached that point where it's like, man, the company's probably even just from a liability perspective at some point, just too dangerous and yeah, pretty remarkable. And we know geopolitical tensions, man, they can cause some headaches and we got crude up to 75. Maybe that's a headway segue to crude. I got crude up here, a little bit of a rise on some of that geopolitical risk, but maybe just a little bit of a reprieve of the pullback we got. What do you think of crude at $75 right now? You know what, actually, from the tiger for support, I had crude going up into the $75 just over a $75 mark for the upward correction off the lows. That's a key area. If this trend is going to remain the trend and hold the channel, then we should see the market sell off from this area over the next couple of sessions or at least start to go sideways. If we can sustain a trade above 75, that breaks the channel of the current downtrend and that puts us into what could be a big range trade. Where we established a low, I was saying already for weeks that I think that this lower, it's about $70 is about as low as you're going to see in the oil market. I think you're going to see a big range trade, especially between 70 and 90 over the next probably four to five months as we get through the winter time. But things like this could spark something totally different. Because now how does that oil get to places like Israel? Then you have cost to carry that gets affected. Then you have inventory builds up, build ups. Short run, could it be bearish oil? Absolutely. I wouldn't be too quick to jump on a major bull bandwagon, but we don't know how these tensions are going to rise. Yemen is just one spot. If it keeps on growing, historically revolutions, they spark and they go global. It doesn't matter what period of history you're in. And right now, we're in a major revolutionary period globally. And it seems that spark is not going away. And I think that if that's the case, if history proves that way, that we're going to be in for a lot more of this kind of turmoil in the Middle East and around those areas. Most people don't think how that affects our trade, but it really does. And it's going to affect yields. It's going to affect currencies. It's going to affect commodities, which is good for us as traders. But I like when we have trends that are established because of better reasons and more. So, yes, for sure. And then you throw in that, you know, those are Iran backed rebels, right? So it's like, we know, you know, Iran gets in the mix that causes some possible escalations for sure. Sure. Sure. You want to talk a little bit about the UK and their inflation because we got the pound today. Absolutely. That was out last night, right? And how that plays into things. Looks like they got some lower numbers as well, kind of jiving what's going on here so far, at least for the meantime. Okay. Yeah. With the tiger fork support, I mentioned how last week's high was kind of a critical area. So I have that as an upside breakout level to keep the trend going, which right now is more of a correction. You know, they've been rallying since October. We haven't had any really severe pullbacks, okay? But now we have a fundamental reason for the trend to change because the Bank of England is not going to be on a raising basis, obviously. Are they going to be quick to start cutting rates? Well, that's a whole nother question. You know, are they going to be ahead of us? I would believe so, you know? So I think that the narrative alone is enough to kind of put us where right now you've probably seen in a cap in the pound U.S. dollar and I'm not trying to click the top from last week. However, I would say that, you know, the 125.95 area, 126 even area in the pound, that's a big directional area. So I think we could see a dip below that, chop around that because we're heading into the holidays. So be cautious over the next week and a half, two weeks, you know? It could take until January, you know, for things to really start moving again. But I could see us get below that area and then probably get down to the 124 to 123.20, 23.30 area, you know, for a correction. And that would be just the correct to move off the current uptrend. So that would be like a nice technical sell-off area. Now if the trend changes fundamentally, then that would be the area if we fall below that. Well, look out below, baby. We're going to see a real big trend move down to the downside in the pound U.S. dollar. So, and that could see us down at the 120 level, 118 area, you know, which I think is very, very plausible, you know? And that's without us, you know, continuing to raise rates either. This is just by us not doing anything, you know? So, you know, and I think that that's, if there's going to be a mark at the trade, look for some big swings in the pound for sure over the next four or five months. The Euro, I think it's going to be a little bit tighter of a trade though. So be cautious with that. Nice. And yeah, that 118, that's what we're on March. So it's not bonkers. Pretty remarkable, the volatile in that pond dollar. Teddy, I appreciate it as always, man. Have a great Christmas. Have a great weekend. Merry Christmas to all of you guys. Merry Christmas, man. We'll talk to you next week. Okay. Thanks. Okay. Have a great one. We'll be right back, folks.