 Let's talk to our man Teddy Kegstad and folks head on over to the front page of TFNN. You can sign up for the Tiger Forex report right now where we talk to our man Teddy Kegstad. It's $97 for the month, folks. He's got a new issue out every Monday with updates throughout the week when warranted. You gain access to the webinar tonight. It's a 60 minute webinar. We're going to talk about it right now. That will be archived. If you can't attend tonight, it's usually archived by tomorrow morning. You can check that out when you like. And he's also got another webinar up there that he just did in October. You gain access to that as well, talking about the strategies and fundamentals. There's an instance of what you're looking at. What is behind the Tiger Forex report? So you gain access to that archive. You get access to the newsletter. You gain access to the live webinar tonight. Can't go wrong, folks. And boy, we got quite a market for it. Teddy Kegstad. Good morning. Good morning, Tommy. Why don't we start off a little bit about the webinar, Teddy, man? What you're going to be talking about for subscribers? We got quite a day, man. These markets, they're rocking the dollar index. Three dramatic moves in both directions recently. What are you going to be talking about to subscribers tonight at four o'clock for the Tiger Forex report? Well, today, especially with the inflation number for the UK, that plays into a lot of what we're going to be talking about in the webinar. One of the topics is going to be the central banks, what their forecast is for them moving forward over the next quarter, next three to four months or so. And also a lot of the geopolitical things that are coming into play also, a little bit about the bricks and stuff like that as well. So yeah, we have a great day for the webinar, especially with the way the markets are reacting off of the news that came out from the UK today. It's pretty awesome. And I know we talk to you every Wednesday. It seems like Wednesday is a great day to talk to you, man, whether we're getting Fed Day, whether we're getting inflation data, whatever it is, we got markets moving for sure. Where do you want to kick things off in terms of taking a look, man? We got some action in crude. We got yields. We got dollar. Where do you want to start things off as we jump around? Well, there's a lot of cool things to talk about. With crude, I think we've had this big pop. You've got a big gap in the oil market. Typically, there's no trade or adage that all gaps get filled. It doesn't mean it's going to get filled anytime soon. Maybe not. But I think that's kind of what we're working on right now is, remember when the crude first exploded, when the OPEC did their basically put in the floor at 75? This is something that the markets always react very quickly on news like this. I think it was a little overdone for one. I think you're going to probably see the market try and hold back around these upper 70s for a little bit for as far as oil is concerned. When it comes to the Treasury bond market, that's something that's getting very interesting because we've had a nice pullback in that. Today, the bonds are down a little bit. Yields are up. This is helping to keep the dollar a little bit strong versus some currencies. It's kind of funny with the reaction off of the UK as far as Europe, you have a mixed bag of goods. You've got the Euro-US dollar that's down. You have the pound that's up. You have the US dollar, Swiss, which is up today. There's a lot of divergence going on as far as many of the currencies, which is something that we've been talking about for a while. I think that that really plays into a lot of these factors that are driving these markets and these trends that I've been talking about how the dollar index is. It's always a good gauge overall for many currencies. It's a lot of times it'll basket all of them. Now we have such diversions that you have to use the dollar index accordingly. I think it has more to do with the Euro and a couple other currencies. It does, for instance, say like with the US dollar, Swiss and also some of the other lesser major pairs. For instance, you have the Australian dollar and the New Zealand dollar, both, which have come into basically a sideways trade with everything that's going on right now. I think you're going to see that that's going to remain. That's one of the reasons why you're not getting the overall true trends in the Dixie right now. That's something that I think is going to remain for the next few three, four months ahead at least. Especially what's going on with Europe, there's divergence in Europe. You have Swiss strength and you have weakness in the pound and the Euro. Today you're getting a knee-jerk reaction in the pound because obviously the Bank of England is going to be aggressively trying to fight inflation by raising rates, but at the same token, they're also buying our treasury bonds to short out the banking market. They're in a bit of a dilemma there. I wouldn't expect a very big move, especially with bullish strength. The pound, I think you guys got to watch. We had a sell signal in the pound last week, which coincided with the dollar index. When you have multiple markets that have signals that go in tandem, you really got to look at those inflection points, meaning the move that was set off of Friday's high or low, depending on which currency pair you're talking about, how that reacts. If that is establishing a true trend, we're going to find that validation over the next few sessions. I don't know if you have a pound dollar chart to look at. Yeah, I was just looking at it. Last Friday you had a bearish and golfing line sell signal. The market went down on Monday and then Tuesday and today we have it higher, especially because of the reaction to what's going on with the inflation numbers. The high from Friday is key. Not only does that sell signal remain intact, if that high stays intact, meaning that we probably have a good chance of seeing the pound get down to the dollar $23, $22 level. If it does so, it's not just that sell signal that is reinforced, then you have a head and shoulders. If you look at the chart right now, Friday's high was like the head and we came back down and now we're making another shoulder. If the pound takes out the high, well, obviously the head and shoulders does not happen. That means we know that that is a good breach level for pressing through resistance. I'd be very careful if you're short, don't try and fight that move above those highs and may only just take out the high by a little bit. It could also be an explosion point. When the pound gets volatile, it doesn't move like 20, 30, 40 ticks. It moves like three bucks. That's something you have to really take into account and the same is also to the downside. You take the low from Monday and then you take the low from like I think it's like was it last Tuesday or something like that. You draw a neckline there. There's your head and shoulders pattern to watch out for. That's not a much of a break. If we can take that out over the next couple of sessions, especially going into the weekend, well, then I think you're going to have a nice corrective move where you can see that pound definitely get back down probably to that $1, $23, $22 area. Nice. What do you think? Just going a little bit big picture and that's great analysis, man. I love how you break down each individual pairing because I mean, I myself even, I get caught up in the dollar index and I love how you break down the influence, you know, of the different currencies right now and how there is just divergence across the board when we jump through each chart, man. It's pretty staggering. What do you think of just the general conversation, Teddy, about, you know, we're probably approaching the area that we're going to pause on the Fed, whether it's one more hike, maybe it's two, maybe it's three, right? I mean, I don't think they're going to have to go to seven or eight percent. So we're probably approaching it. Meanwhile, we have inflation heating up overseas. Potentially, at least they got to beat today and that those central banks are still going to be facing some heat there. I asked that in particular because we got the dollar index, man. It's been quite a pullback from 115. Do you think the market's gotten even ahead of that move? Because we're almost back to when the Fed started hiking, which is just remarkable when you think that we're back to where we were when we started hiking. Meanwhile, we're still hiking. What do you think of that kind of conversation? I'm trying to do that in my own head, saying, you know, is the market already ahead or could the dollar be facing a lot of weakness if we start to pause and then you still have, you know, Europe? And I know I'm bringing it back to the dollar and you've told us that there's divergences. But what do you think of that kind of conversation? I just I would love to hear what you have to say about that one. I think the consensus is ahead of themselves and I'd be very, very cautious on trading off of that kind of information. I personally think the Fed's going to be raising quarter points for the rest of the year, most likely, especially with the unless there's unless there's a major shift where the inflation starts to really drop globally, you know, and I don't see that happening. You know, so well, Teddy, I appreciate it. We'll leave it there because I know you got a lot to talk about tonight as well at four o'clock folks. Please check it out. Teddy, thanks for the time, man. And I'm going to be in there as well. I look forward to it at four o'clock, man. Good stuff tonight, Tommy. Awesome. Thanks so much. Folks, check it out right on the front page. You can sign up during this break. You're not going to want to miss tonight. We'll be right back.