US CPI Inflation Report: June 10 — Live Market Reaction & Trading Analysis

[00:00:00] Speaker 1: hey everyone welcome welcome welcome so let me just uh welcome everyone it's a very very very important day basically it's inflation uh but it's not just the fact that it's inflation is um because it's very uncertain we're so uncertain of the outcome okay obviously we have speculations that the that it's gonna be higher what is expected but um in general today i don't know whether actually i'm gonna share my screen as well it's a very very i mean there is a lot a lot of weird let's say uh performance in the market what i mean basically uh it's inflation indeed we are expecting that it might reach four percent okay so that that's actually key uh we don't know even if it beats above i mean uh there are expectations for 4.3 there are some people people speculating 4.5 which might be the biggest in the last three years but okay we're gonna see the outcome in a bit we have 20 minutes we are 20 minutes away uh from the from the data but but but but why um what bothers me let's say what bothers me it bothers me today uh question we'll be taking a look at yes yes yes yes yes absolutely absolutely so and this is what i'm explaining right now there so basically so yeah this is an inflation uh analysis so have you noticed today the last uh two hours in a row or in general today basically that we had the dollar this is dollar okay this is dollar it's under pressure we have the past hour see a bit of an upside a bit of a boost gold let me check gold gold has been on the downside so think about it dollar down but also gold down something is fishy and it's not only that actually bonds have been on the downside and uh stocks as well i mean so far today at least this is s&p 500 okay let me shift to nasdaq as well so nasdaq is a 30 minutes chart slight pressure but under pressure guys this is not um this is not something that is common okay having pressure the whole day okay excluding the past hour for dollar okay but having dollar in the pressure gold under pressure uh stocks under pressure oil under pressure bonds under pressure basically everything under pressure excluding um foods food related stocks so actually uh this is the basically what bothered me the the whole day okay it's it's we cannot really tell whether this is like um like uh how can i say it uh like a position liquidation uh meaning that the market participants obviously the institutions right the the big boys uh they have proceeded with position liquidation so basically they cash out ahead of the figure just to delay just to be on the safe side of any surprise or whether they had some kind of insights and so we cannot really tell uh today's inflation it would be a very very big surprise uh but the the weird thing the weird thing is what i just told you that is the market so far is not like the declines that we have seen in stocks they are not um strongly correlated with uh ai okay with ai news uh neither the uh neither the uh the gold or or or or dollar but nonetheless i mean regarding equity market is not it seems that is not neither due to the renewed risk off uh from middle east attention plus the inflation is not really the ai is mainly a de-risk approach before the data okay also as i was saying gold let me jump quickly to gold under pressure okay let me actually put them side by side so this is this is the dollar 30 minutes chart okay and gold 30 minute chart okay so the whole day under pressure a bit of a bounce the last one hour and a half currently struggling basically to extend higher gold continue strongly on the downside i mean it is what it is and so having seeing the performance so far of dollar and the performance of gold is doesn't make sense usually they they they are like the vice versa they are they move opposite right gold is you is is is is used um uh as a safe haven yes but it's it's it's dollarized so it should move the exact opposite way uh so the the fact that we have seen dollar initial in the pressure now stable a bit but still below 100 level let me put the line on the 100 level so below 100 since yesterday basically and currently below 99.74 i can see that you have a lot of questions give me a second okay give me a second so the fact that we have seen dollar under under pressure uh under pressure uh but constantly below 100 which is a key uh support uh and this shows um that flows look more like position uh trimming rather than a fresh a fresh dollar chase so you can easily get the dollar leaking lower on light volumes which is what we have seen so far today but because volume is back the past hour that's why we have seen this slide boost i'm skeptical though on whether it will actually um this bid will hold because i can see already a bit of a reversal gold very very quickly we're gonna see again these assets don't worry about it i'm just trying to explain everything so gold i mean it has been trading i mean it's on the downside the whole week basically uh so a lot of profit taking has been done from big funds hedge funds institutional players in general but a question has been raised is that is this like a deliberate deliberate deliberate sorry on purpose let's say push lower in order to be bought lower to be bought on the dip i mean okay it doesn't make sense it doesn't make sense because job politics okay they should have been supportive on gold and they have not but on the flip side we have inflation uh fears and basically what we are afraid of is for a higher for longer rates uh because of of of a potential inflation surprise so these are mixed signals very very mixed signals um uh so the fact that gold is under pressure heavily under pressure it shows position in liquidation uh uh so when the position the position is so heavy like today for gold precisely those mixed signals often dissolve as a small red candle that rather than a big safe haven't spike so this weird combo we notice today is basically pre-inflation this the risking plus the technical levels uh for for dollar and the profit taking for gold okay all layered on top of job politics does this make sense or you are confused okay i'm gonna actually before i see the questions yeah you're saying sell buy a gold sale uh yeah i i cannot tell you what to do we can do some technical analysis and you decide you take your you will need to make the decision okay uh so guys i will share the economic calendar because we the release will be out in eight minutes okay uh window where is it um sorry where is it economic calendar here we are uh can you see yes you can okay perfect so here we go okay nine minutes to go inflation this is what is expected okay so inflation the monthly one uh slightly lower but the headline at 4.2 okay 4.2 imagine what could happen if it bit above 4.2 that's the headline core on the upside as well so these are the expectations but now we have um three scenarios if inflation comes above 4.2 okay hear me out please this is very important if it comes above 4.4 4.4 4.4 4.2 okay if it beats expectations that confirms a second inflation bump so um so this is basically uh the the the the the possibility of of of fed um of fed hike uh is it gets real rather than untheoretical okay so what could be the reaction if we see a bit of expectations first of all uh uh dollar to to break a hundred or read actually breach a hundred for today or even break it okay if something like that happened this is the likely market reaction for the very first uh 24 hours i mean don't get me wrong it's not like uh we might see right now we're gonna see a lot of volatility something that we are seeing on nfp before the true real direction right and remember that the very first 30 minutes are market noise i know that you don't like it you want to trade the news but it is what it is uh so stocks equities uh so stocks equities indices s p 500 blah blah blah so on the so i'm gonna remove for now this screen the calendar get back to yes perfect um so indices stocks equity market in general what what could happen to them if we see a bit of expectations we could see them basically sorry uh uh we could see them also um we could see them on under pressure okay and for gold let's see gold theoretically speaking if the uh if the if if the inflation beats expectation then also gold should be lower even lower because a higher than expected inflation which indicates fed hikes gold then should end up with higher yields okay plus a stronger dollar so means sell off for uh for gold um and other us dollar sensitive assets such as aussie dollar new zealand dollar and in general i mean risk sensitive uh forex assets currency pairs now in case that it comes in case that inflation comes uh in line with expectations okay we're gonna see choppiness we're gonna probably see um dollar sideways and some initial bit uh but if positioning was already leaning long long on dollar um you can get a buying the rumor so this is this this over here it might be like a buying the rumor sell the fact okay okay buying the rumor sell the fact so so it's in we might already see the buying the rumor sell the fact i think already for dollar and in case of an in line with expectations inflation then we might see a slight support to gold um and uh equity should be a bit shorter choppy sideways um we could see some deep buying but yeah it depends it depends so it depends how how um whether the release is worse than feared okay now in case that we see lower reading that the expectations so the expectations is 4.2 if we see lower even lower than four percent to be honest okay then gold should weaken sorry dollar should weaken gold should be supported okay because don't forget that we have geopolitics that they are supportive for gold equities should see a bit of a risk on um impulse okay um what else what else um yeah that that's pretty much it okay i have summarized everything i'm gonna see any questions um right now um we are just three minutes away buy sell so buy i cannot tell you what to do guys what i can tell you is currently just 30 minutes prior the data we are seeing some kind of buying the deep buying the rumor sell the fact situation over here for dollar gold continues on that downside this is a 15 minutes chart high can ashes uh and uh uh my dear friends and then this is under pressure small body candles not a lot of um i mean there is a bit of indecision over here so ranging mainly and we are two minutes away i don't want to missed it that's why how can i switch them i would like to switch replace no i would like to ah perfect that's the best one uh can you see guys can can you see the calendar i don't want i want to focus on gold and dollar um yeah to golden dollar because we're just um we're just two minutes away so yeah um so just just just just a very very quickly very very quickly keep an eye on me okay so a hundred territory is somewhere here okay this is the daily chart we have been already in for the third day in a row on the downside okay the next real support basically it could be seen at let me see so i guess in this block over here this looks like a block to me consolidation so 99 20 somewhere here and 98 35 okay that's for for i'm gonna go down though to the 30 minutes chart okay immediate support guys over here that's crystal clear right 99 let me speak yeah so and for gold whoo-hoo the data will be out oh my god they're out they are out they're out they're out uh 4.2 in line with expectations uh not point two sorry headline 2.9 4.2 okay so we're probably gonna see some uh choppiness basically how oh whoa whoa dollar gump down but is steady is because of the soft data so the data are in line with expectation i was expecting for some excitement today to be honest i wanted to like see some uh but nonetheless okay this is um they are in line 4.2 warm inflation not too bad this confirms that all uh that that that um uh confirms confirms that the oil driving bump uh bump but doesn't escalate it it confirms the reason the higher for longer interest rates for now but in emitted high grids doesn't really it still stays they might postpone it so but the risk of a hike is still there but uh yeah so so the yeah okay so yeah choppiness should be should be the the reaction for dollar uh because there was already some initial bit right it's it was under pressure the past 30 minutes but since the data are in line uh this is something that um uh this is something that should uh be supportive for dollar because the higher for uh higher for longer stands for fed stays and we are not ruling out any immediate hike so should be supportive okay okay over here right now we have a lot of market noise i totally understand that uh for gold let's jump back to gold so okay let me put this is the 15 minutes chart on gold my dear friends um so it seems that the initial let me see oh sorry okay here we are okay it seems that the initial decline is has faded a bit but since dollar um basically everything depends on on dollar on this one if the dollar keeps slide is well supported and continues on the upside okay obviously the decline the three days decline how was it i mean okay gold has been on a downside for the whole since march in general but the latest down leg it was the whole may up to june um but um yeah so so so the overall negative negative bias will continue um will continue so i mean the overall so we have been on the dance downside for more than a month a month now the fact that uh uh the inflation today showed that we still might see a rate hike and we're still gonna see higher for longer for longer stands from the fed this is something that should continue pressuring gold okay but but intraday now which is i know what bothers you i know that the majority of you you're scalping or you're scalping or you're in general intraday traders okay but for the intraday basis uh it seems that we had a bit of a correction on daily release um but everything will depend on dollar so if the dollar fails to continue on the upside then this could end up with gold moving a bit in a range sideways um if it fails if dollar fails to spike further if the if the dollar though uh continues on the upside then uh then obviously um the combination of a weak dollar lower real yields um sorry uh the the combination of um the combination of higher dollar plus yields um plus yields um sorry i got confused yeah if the dollar continues at the upside let uh uh what i was trying to say gold could continue will stay sideways entered a range but if the dollar continues on the upside based on the release on what the release means for the fed then we should continue see gold under pressure overall okay um don't forget that anyway um uh gold has been on the downside for the entire month now now my dear friends buy sell buy sell buy sell i i i you you know really really well why i cannot reply to all these uh whether uh whether i cannot advise whether you buy or sell not because i don't want to and not really because i'm not i'm not allowed to say but because i don't know a lot of you have things about you i don't know i know you what strategy you're using which time frame what kind of a trader you are out of your scalper are you a swing trader are you what are you so i cannot really advise okay so that's why i cannot reply to any of these questions um so okay i'm really sorry for your experience sacar please contact our support team and they will help you immediately you can do it by like joining the live chat on our website um and uh the team is is it will help you immediately so now uh this is uh by limit alabrat you're saying that you bought limit uh 41 30 okay at the bottom 41 33 okay so that was the range uh uh and it seems sorry it shouldn't be triggered i i guessed actually triggered is it triggered shouldn't be triggered it depends on when you have said it um i'm not gonna say that this is a bad call because it's a pending order i i believe it's a it's a good call it hasn't been triggered obviously yet uh but it could everything will depend on the dollar guys um buying buying buying oh my god guys um to do to do okay there's no no questions just um how about pound dollar guys yes okay let's see pound dollar until we have some clarity on dollar and gold oh okay this is the dollar by the way okay let me hide uh mursal question for now this is dollar 50 minutes chart you can see that there is some biting over here data should indicate to a strong dollar but it seems that there is a bit of a big fight from sellers as well they haven't i mean as long as we don't see the assets falling below 99.50 it doesn't say anything to me to be honest so the fact that we have seen such a big tail suggests that buyers are still in control let's wait and see this candle will close in six minutes okay i'm gonna come back to it now i'm gonna check pound okay i'm gonna do proper analysis on pound okay uh starting from the daily etc etc etc etc okay like i do every time so uh basically i'm gonna okay just no no it's not exactly a triangle no i'm not really happy with this so i'm gonna get rid of it but i can see a nice basically long-term support here i know it was rejected in march but that's an immediate support for me because it was repeated here and here so i want to have a note the next one was obviously somewhere here like actually here because it's identical with december ones okay i'm just just just i just want to put some notes now i'm going down to the four hour chart so decline this week rebounded that way from the support okay okay what else we can see here we can see this should be reset okay this is a seven okay that's okay uh that's okay let's see okay dear other than the daily time frame in which we can clearly see that uh the asset my and return back to 135 level okay because this looks like it's not an a morning formation because we'll still haven't seen a confirmed move above the meat of this candle okay uh but the fact that it rebounded away from from the support it has already uh it's in on the third day in a row on the upside that indicates that could retest 135 so overall you can see that it could i mean there is more buying pressure than selling pressure at least up to 135 that's the overall picture sorry pop pop overall picture now intraday though it's more of a ranging for me at least for now you can see momentum is flat and basically it needs to you need to wait to see whether it will close above 134 and continues on the upside if if it fails to extend above 144 about about this over here then it's probably going to continue consolidating i'm going to zoom in further in the 15 minutes chart okay that is a lot of i mean buying pressure uh uh but something is bothering me bettering me so i'm gonna switch to high care hmm it's momentum that bothers me it's so flat it's it's it's it's it's not like sorry wrong template actually this is what i wanted let me see 15 minutes stochastic already they're already on the upside they have some room to cover still what about momentum let me check my macd the short-term one so five three three three let's see is it a delay reaction let me see something no no let me reset it so up up up up up up up up up up up decline to two and it's ready it's trying it looks like it's gonna consolidate okay anyway i rely on what you see and wait for this candle to close to see whether it will continue on the upside overall though there is uh some support okay now now let's get back to dollar and gold dollar gap down this candle is about to close in one minute okay and it closed so sellers actually dominated dominate uh this um the very first uh 15 minutes uh after the release even though buyers push the price up to 99.68 sellers sellers managed to extend it lower okay so uh sorry for that um um so yeah let me see continue so dollars dollar will be softer dollar weakness like um uh weakness so that should be supportive for for gold at least at least in the short term at least in the short term overall okay don't get me wrong but the overall picture of gold doesn't change this is a daily change chart so the overall outlook doesn't really change i mean so but intraday on the softer dollar on the weak dollar okay plus the fact that now we are turning back to uh the um the job politics which are should be supportive uh for gold this means that we might see some like buying the deep like a bit of a correction let's say in the so far um in the so far uh decline of um of of gold so yeah so we could see we have seen some support support it looks that it looks that it's not running out of steam yet follow your candles if you are using hiking ashes uh if you're not using hiking ashes then let's see together not this one not this one i want my intraday set up uh that's the 30 minutes chart okay but i will use this one it doesn't matter okay so you see rsi was in an overboard territory and now is trying to recover a bit stochastic also is ready to uh show a bit of a bullish crossing but overall macd overall momentum is still negative so the any even if even if today's if if even if the last uh this this boost that we have seen higher the last 30 minutes due to release even if it continues for the rest of the day it is limited it will not last for longer okay because the overall momentum is negative so this rebound is just a correction before further decline this is what looks the case okay and you can see about by the slope of your the five and nine exponential moving average you can see that they point on the left hand side so that means either correction or some consolidation you can see it from stochastic because the slope is not really sharp right um rsi the same the slope is not really it's just a move above uh overboard territory but the slope is not like uh um strong so we can say that okay if you want to trade it go for it but keep an eye on because this boost that we have seen the past 30 minutes looks to be limited okay so if it has not over yet it might over soon okay now my dear friends there's the smp 500 let's jump to the smp 500 of course and basically yeah some support some support let me see so let me see something let me check something sorry so um okay the the the outcome just to be clear uh the outcome uh doesn't really uh provide the direction for the for for for for for the stocks so we are back on we should be back on as the main driver from now onwards on for for stocks for s p 500 and uh down jones and nasdaq including it will be the renewed u.s iran headlines that we keep seeing actually i've seen earlier something from mr trump where was it where um where was it um where was it um where was it uh trump is saying he's close torturing new strikes against diran uh they have taken too long to negotiate so um so we see some so either way um either way uh yeah now that deflation is out of other way the renewed u.s and iran um headlines should keep uh equities in general indices under pressure so this is also looking limited to be honest uh blessing um and the reason is that i i i cannot really find any other um factor that supports the equity market in general i mean it's the fact that the headlines or at least mr trump is like it has renewed uh the the tension between the two uh countries okay uh and also um we have like um uh we have an overall we care um basically we have ai uh affecting also equities basically the last few sessions um the entire weight basically we have seen um like a violent let's say uh shake out on on in ai and ai chips etc and that was after broadcom uh after the the the weaker than expected ai guidance that they have released and so yeah so it was ai as well the ai news um yeah but yes this is for the long term uh the long term let's say growth yeah if i zoom out you can see that it's under pressure the entire week actually since last week after the nfp yeah you have uh have forgotten about nfp actually now that i'm thinking about it um yeah it was it was it was here it wasn't it yeah it was here this big candle this big daily candle uh dear blessing so which as you remember i mean we we presented a live streaming with my colleague mihalis and it was nearly double so that push push further uh the markets to start pricing in a a a a rate hike uh or at least a low higher for longer stance um and think about it guys higher rates means more expenses for big companies more expenses um more money to be paid out there i mean they they they they have higher uh higher expenses how can i say that so this is that's why if that's why in a year that or during a period that we expect higher rates okay equities in general stocks are under pressure because of what it means for the individual companies it means more expenses higher expenses basically um okay so uh just just one note for smp 500 is still at the very key very very key very important support level it hasn't managed to break it yet it has retested it for yesterday so far today but we need an official final candle closure sorry below that zone and why it's so important because it used to be support for the home may for for may since may but also look at that this was the rally that we have seen the second quarter and so far this quarter okay okay very big move an impressive move extending this multi-year rally so this raise the questions have we breached the top and now it's time for a reversal because the markets are overvalued they are overvalued especially the com the the individual stocks indices they are overvalued so they need the correction to breathe so is this the time for a reversal or is it not there yet so that's why we need to keep an eye on this um on this breakout because it could easily open the doors if confirmed down to 71 30 territory and if that breaks then we might uh we it is like we are confirming okay if if it continues especially under 71 32 then it will confirm a bearish trend for the following next following months okay a new bearish trend but we need confirmation um now for today i'm coming back to the 15 or 30 minutes chart let's say okay still below pivot yeah it could basically um slope is started to be weird i don't see a lot of momentum even though i can see that the five and nine exponential moving average are ready to bullish bullishly cross but pivot could be like the ceiling before another reversal on the downside um i mean it doesn't make sense otherwise i mean what for then thank you for that obviously a negative feedback is also welcome okay because that will improve me so if you have a negative feedback let me know okay this will just help me improve my presentation skills and actually deliver to you information that they are actually valuable and useful for you yeah what do you mean will it cause the bum or dump on the tech you mean the whole situation with ai um or you're referring to inflation inflation shouldn't affect uh significantly the tech it should um um it should okay obviously the markets have already started pricing the higher for longer stance okay so that's i mean that's uh for granted but if we we take for example let's uh open a stock um and a tech related stock uh don't have any over here um jp morgan no okay i'm gonna open the nasdaq which is a tech heavy index where's my nasdaq so the the decline i mean has started in the tech sector already um but for the time being it was mainly driving driving by um uh sorry um okay so as i was saying as i was saying it was mainly driving so far from the oh my god running out of steam from the uh high for longer i mean for the fact that the market participants are pricing a higher for longer uh stance which means expenses for the individual traders blah blah blah but the story i mean um the uh what happened with uh with broadcom what that i mentioned earlier is that we have seen basically broad commander significant pressure okay because um oh my god i'm running out of steam because there was an announcement from the company uh that for the with the for their partnership between i mean with the partnership with apollo and blackstone uh so this is something that caused a lot of sell off in the technology sec sec sector in general okay um so um um and it was mainly due to the fact you can tell me why they have an answer announced a partnership yes but they have also kept and changed their revenue they are ai revenue forecast so that's a very disappointing uh because people all of us we are expecting uh evidence strong evidence that ai um uh that that that that that that that that there will be like a growth revenue growth due to ai and we haven't seen that why am i saying all this remember that for the past two years maybe more three years i don't even remember we are saying that big technology companies are spending billions on ai they are spending spending spending spending billions the fact that we have not seen a strong proof yet that this all this spending actually actually worth the effort it's a bit problematic okay that's why there was this um this uh disappointment that affected all the text stocks but overall in the second quarter in the third quarter and fourth quarter of the year the year for the rest of the year and the fact that a fed stays at the higher for longer and if they also deliver a hike this should keep stocks under pressure and indices so now another question other questions um market makers are trading longer time frame like your daily chart you're right but gold will give us a direction you are absolutely right that gold will give us a direction okay i'm back to gold by the way uh sideways i'm gonna get rid of the calendar we don't need it okay perfect sideways 15 minutes chart it's a five minutes chart yeah it will give us the direction just saying that um it could find some support overall due to the job politics if mr trump continues his headlines if we see strikes if we see i mean further escalation on the area this is the only thing that could support gold the only thing that could support gold is middle east is the tension if we see an agreement if we see or if we see anything i mean this should keep gold under pressure the only thing that could be supportive of gold is the war is the middle east tension if we see the other perspective the perspective of central banks of higher for longer of potential high of the uh so in line with expectations inflation and everything this is negative for for gold okay so i'm not quite convinced that actually mr the job politics will actually support unless if something major happens unless if they end up with no deal i mean it could not i mean Okay, there are a lot of headlines from Mr. Trump today. These are supportive, yes, but just in the short term. If we actually see a failure, complete failure of a deal, if we see again, I mean, fire, strikes, etc., attacks, etc., this will be key. This will be key to support gold. As long as we don't see that, all the headlines and Mr. Trump comments, etc., etc., it's just blah, blah, blah, blah, blah. Okay? Look at the technical analysis as well. I mean, look, look. It looks like a round in top. Okay? Obviously, the 4,000 remain a round number, a key psychological level. We are still well above it for the time being, but that's a sharp decline. And momentum is getting stronger and stronger. Yeah. Okay. Very much appreciated. I cannot tell you what to do. I don't know what you want to buy, if you want to buy, which timeframe you want to buy. I mean, I cannot really advise on that, my dear friend. It depends. I mean, you might be one mini trader. Okay. [00:55:01] Speaker ?: Okay. Okay. [00:55:01] Speaker 1: Yeah. So, guys, that was pretty much it from my side, basically. I'm done. Unless if you have some questions for me before I call it a date, let me save it the calendar just to make sure that I haven't missed anything. I think. Okay. Soonish, we're going to have the Bank of Canada releasing their interest rates and their monetary policy, but we are expecting no change at all. Tomorrow, actually, the key tomorrow is ECB. Yeah. We're going to see also produce price index from US, which is also important. It's very, very important for Fed, more precisely. But after today's figure, the focus should be on ECB, which is expected to proceed with a hike. So, be very, very careful tomorrow. Okay. We haven't showed at all Eurodollar. This is Eurodollar in a 15-minute chart, but let me put the one-hour chart. So, we're consolidating the entire day, basically consolidating around its pivot point. Can you see? Consolidating around the 115-50 level. So, a lot of consolidation over here. So, keep an eye ahead of the US. Open. Actually, US just opened. It opened. So, or is it in 30 minutes? I'm confused. Nonetheless, that's the range. So, keep an eye on these two barriers. But have in mind, my dear friends, that ECB is expected tomorrow to hike. Okay. This is something that it was already priced in. But nonetheless, a strong dollar. Okay. It could affect, I mean, the Euro. So, basically, tomorrow, other than the fact that you need some clarity for dollar, other than the fact that you need to see whether it will continue on the downside, whether it will continue on the downside or not, whether it will continue on the downside or not, whether we're going to see a round in top of dollar, so weaker dollar. If for any reason, dollar is supported, okay? Which doesn't seem to be the case. If for any reason, dollar has been supported, then tomorrow, if in DTCB hikes, tomorrow, it won't be, it won't be, I mean, I mean, a Euro strength. It will be quite stronger than the other. Is it the Euro or the dollar? But considering the momentum that I am seeing, considering the failure of dollar to rally, considering the fact that ECB tomorrow hikes, is expected to hike at least, we should see Euro dollar. Rebounding a bit, rebounding a bit, rebounding a bit, gain some ground, gain some ground against dollar. So, if all this happen, ECB did hikes, dollar remains softer and weaker, then we might see the Euro dollar returning back above 1.16, even reaching this key resistance over here at 1.16. 1.167. The volumes are a bit low so far today, but it is what it is. So, keep an eye on the barriers, keep an eye on the key resistance and support levels, and keep an eye on the dollar, what will be the official direction today. And that's pretty much from my side, guys. If there are no further questions, I'm going to call it a date. Thank you very much. I can see some positive feedback as well for our deposits and withdrawals. We try to improve ourselves in a regular basis. So, doing our best. Thank you very much for attending. Hopefully, you had a great day ahead. Take care. See you again next week. Thank you very much. Bye-bye. [01:00:07] Speaker ?: Bye-bye.