 On Tuesday, the U.S. housing starts posted a record decline and over 4 million Americans are now skipping their mortgage payments. The Fed's Powell urged the Congress to do everything it can to help those suffering during the pandemic that U.K. jobless claims soared by nearly 70% in April and Trump threatened to permanently cut funding to the World Health Organization out of all the things that he could be doing. Welcome to the Tick-Mill Update, I'm Canada Niel, the founder of the Invest-Event movement. Make sure to subscribe to the Tick-Mill YouTube channel and support us by liking and sharing this video with your forex trading friends. On Wednesday, we'll be looking at the U.K. year and Eurozone and Canada's inflation rates as well as the U.S. FOMC meeting minutes. Today, I'm looking at the pound dollar pair, which has completed phase two of the HM cloud bearish signal. Basically, the pair broke below the daily HM cloud on May 13th, then had a correction towards the cloud in the past three days. Normally, the HM cloud indicators suggest from here we could see further drops. And the current market price at around 1.23 is an interesting level for shorting the pair. From here, we could see the pair dropping to around 1.20. Do you think the pound dollar pair will drop more? Head over to the comment section and let me know. Of course, trading in the financial markets involves a risk of loss and you should only trade the money that you can afford to lose. If you liked this video, give it a thumbs up and subscribe to the Tick-Mill YouTube channel. I'll get back to you with more updates.