 And folks, let's jump over to our man, Teddy Kegsdat. You can check out Teddy's Tiger Forex report right on the front page of TFN and Poke. Folks, he publishes a report weekly every Monday. You can sign up for that and we got a treat because a week from today, folks, he'll be hosting a webinar at 4 p.m. Eastern time for subscribers. You can sign up for the Tiger Forex report. You gain access to the newsletter, which is an outstanding letter in itself. It's $97 for a month, folks. You get a 30-day money back guarantee, no matter what. You'll gain access to the webinar coming up a week from today at 4 p.m. That will be archived if you can't attend live. You get the newsletter for a month. If it's just not up your alley, you don't trade for whatever reason, you're not into it. And folks, there's so much great information. You're seeing what happens in currencies right now, man. The market is kind of promoting this thing itself with the impact that dollars have on the markets across the board. But check it out, folks, front page of TFNN and we're gonna talk to Teddy right now. Find out about that webinar. Teddy Kegsdat, good morning. Good morning, Tommy. How about that US dollar yen trade? I said, you know, it seems like it's always a great day to have you on Teddy, man, but we know, you know, you've given us an education. These currencies, they are driving so much of what's going on in this market. And before we jump into the dollar, Teddy, because I wanna talk to you about it all, man, how about the yen pushing 150? We got a lot of gold traders out there, gold negative today. But if you could real quick, talk us through what you're gonna be going through and what you've put together for the subscribers of the Tiger Forex Report next Wednesday. Sure, so next Wednesday we're gonna have a one-hour webinar and we're basically gonna go over like how I do the, put the Tiger Forex Report together, we're gonna look at the markets that influence the US dollar and other currency pairs and then we'll break down where they're at, where those trends are and what kind of influence they should have on the different currency pairs that we're gonna talk about, which will be all your major ones, like the pound, the euro, the yen, and the Aussie, the New Zealand and the Canada. It's awesome, man. I can't wait, subscribers, I'm sure. It'll be some definite value to say the least and let's jump into it, man. Last night, how about that dollar index, right? You go to sleep at 1.12 and you wake up at 1.13 and the market obviously reacts. What's your take on the dollar as we kick things off? Well, very strong. It's not hard to believe it because I mean, look at the 30 year bonds and the 10 year notes. I mean, if you look on a weekly chart of both of them, they've been in the red for, this is going on since the beginning of the summertime. There is no up week whatsoever. And even on the daily basis, we've made new lows again. So I think that is definitely driving the surge. It's definitely helping to help lift the US dollar yen towards 1.50. Now we've had a 1.50 price target since the beginning of the summer and I was looking for it to be the end of October, beginning of November. So now we're budding up against that right now. I would use caution if you're already long, keep your stops tight and look for a correction of pullback. I would look to be a buy dip kind of scenario for if you're not in the trade, I would wait to buy it lower. I wouldn't try and jump in right now. I'm not afraid of buying new highs or selling new lows but in this situation, I would use caution as we hit the 1.50 level because I mean, we could easily see, I mean, we had just a month and a half ago, you know, a seven handle range that happened in the course of just over an hour in the US dollar yen. So if the L goes kick and the stops start to really get run, you know, if the dollar has any type of reversal day, you might see a three, four handle pullback in the US dollar yen. So you gotta be prepared for that. It's a great point. I mean, the moves are just so large right now. Even when I pulled up the S&P, I had said to our man, Kevin Hinks, Teddy, I talked to him Tuesday, Wednesday and Thursday and from the time I talked to him Thursday is Tuesday. The S&P was up almost 8% man, 8% from Thursday to Tuesday. So point being, right, you get some pullbacks and man, the market is just moving everywhere. What about crew, Teddy, as we pull back to about 82 bucks, we've seen quite a little pullback in the last, what, five, eight days in crude as well. Yeah, it's nice. You know, this crude is definitely stabilized over the past couple of months, but I don't see it as being a bear. I see this as just being an extended little range trade that's going on for the oil market. I can't see how we would trend lower into the holidays in the new year. Like I don't see us going from Iraq, going down to say like 70, $65, something like that over the next few months. I see us going back up above 100 actually by Christmas time or New Year's. And how, for the listeners that haven't heard you talk about it and maybe this is something that you could even talk about and maybe you had planned on it when you talk about the webinar, but you've given such a great education in crude and especially how that relates to producing countries like the US and then how that ties to a country like Japan. Could you just talk about that a little bit and how that shaping kind of what's going on in this market right now or if that's one of the impacts you're talking about. Where is that in the conversation that you look as you look at the dollar, especially with the yen? Well, you know what? That's actually a really good question, especially because now we have this talk coming out of Washington that our president wants to put a ban on exporting oil. So if they do that, that means that that's really gonna impact the price of oil globally. And I think that would also lift the US dollar yen even much higher than it is because we supply oil around the world. Japan's one of our allies and we do send oil that way. So if we now start saying we're no longer going to export, that means that global supply is gonna, there's gonna be a supply chain issue with that. We're already not the net exporter like we were, but we're definitely still our exporting oil. If we shut off those lines of energy, I think that the US dollar yen could see probably an extra $10 rally. I mean, we could, there's no intervention coming from the Japanese. I'm stunned. I mean, I said this already, six months ago when they had the first, speak about saying how they were gonna defend their currency when it was trading in the 120s. And they said 130 was the line in the sand. And then they had a couple of weeks back where we had that big day with the, where they said, oh, we're gonna finally do something, but they didn't. So the reality is they're letting their currency crash and every time they speak, they get a little correction, but it doesn't hold because there's no real, they're buying their bond market. So you can't buy the bond market and just support your currency at the same time. Yeah, indeed. Yeah, it's pretty wild. And yeah, that was, I think it was September 22nd. Pull out the chart, almost a month ago. It's crazy how time flies. And since then, one day of red, three more days of red, everything else green. Since then, September 22nd on a daily basis on the dollar yen. We got a question, Teddy. We got a caller. All right, let's jump to our caller. We got a caller, Jeff from Philly. Jeff, good morning. Good morning, how are you? Doing well, man. How are you? Doing well. I'm not gonna have to take too much time. I have a quick question for Teddy, please. What I want to ask is, suppose that you've been trading FX using futures for a few years, but you're going to be, but let's say that you switch, or you need to switch to trading FX in the cash market as opposed to the futures. Would you, I noticed that the cash market seems to be a lot more spiky in the futures market. And my question is, would you trade, I'm a pattern trader, would you trade any differently, the cash market than the futures market? That's what, you know, as far as the price action, like in other words, maybe keep wider stops or, you know, would you trade it any differently? That's a fantastic question. There's a big difference between trading the cash market and the futures market. First of all, is your liquidity issues. In the cash, you definitely have much more liquidity than you do in the futures. There's also, you have rollovers that you have to deal with when you're trading that, you know, because there's always the front month. So, you know, you have March, September, December and in June, you know, so those time periods around rollover, you have to be very cautious about your position and how you roll that position because of the spreads. I'll tell you what, Teddy, can you hang on one second? All right, hang with us, Jeff, hang with us. All right, because that's a great question. Sure, we'll answer Jeff's question then. We'll come right back and we'll jump right back into it. Stay tuned folks, we'll be right back in three minutes. Welcome back folks, we got the S&Ps right now, negative by 21 points. We're talking to our man, Teddy Kags that and don't forget folks, check out on the front page of TFNM, the Tiger Forex report. You get the newsletter for a month, you get a webinar coming up a week from today. It should be an outstanding education. Check it out, please sign up and we'll jump back into it. We're talking to our man, Jeff, from Philly and go for it, Teddy. You were just talking about some of the differences between futures and the cash. Okay, great question from Jeff. So, to get back to his point, especially he says he trades patterns, the difference between futures and forex can be greatly significant when it comes to your type of trading. I mentioned the rollovers and expirations. If you're around the expiration months, like basically like for June expiration, if you were between May, middle of May and middle of June, you probably, if you had a pattern that was a buyer's sell signal that's gonna last for a week or two, you would rather be in the cash markets, okay. In the futures markets, if it's not during the rolls and the reason I say that is because you'd have to flip your contract. So, let's say you're long, okay, in a position and you're going into rollover. Depending on if the spread widens out or in, you may, when you flip, explain you have to get out of one contract and basically sell out of your one long and then buy into the future of the next front month. That spread could cost you money on your trade. So, you may be right on the long position but because you have to roll the contract in the middle of that position, you may not see as much of a profit as you would. You may see more, it depends on how the spread's moving. Now, the other thing is like for the FX markets, like for instance, me, I've been long in the US dollar yen for over 14, 15 months. Great to be long and to have that trade on. The only thing is I've been paying interest for 14, 15 months. So, especially during sideways periods, that definitely, even if I'm not losing money technically on the price, I am losing money on the count balance because of the interest payment, okay. So, those are factors you wanna take in. If you're doing a really long-term position, the FX cash is probably the way to go but you have to be mindful of your interest payments and the futures, except for during rollovers, that can be actually a much more lucrative way to trade those moves. So, absolutely great question. Well, Jeff, thank you so much for the call and calling in, man. We appreciate it. Teddy, thank you so much, man. Join our webinar on Wednesday, Jeff. We'll talk to you Wednesday and I look forward to the webinar next week. Teddy, man, thanks so much, folks. See you next week. Check out Teddy's webinar on the front page of TFN and our man Basil Chapman's up next. Have a great Wednesday, everybody.