 Welcome back folks, Dow. Dow is up 175, Nasricks up 48, S&P's are up 22. Let's go over to our man Mr. Teddy Kakes. We do each and every Wednesday at 40 past the hour. You can reach Teddy folks at every trading day at 4X-trading-unlocked.com. That's 4X-trading-unlocked.com. In fact, when Tommy and I were hunting in Teddy this morning, you go up in the site and they're pushing us right to the St. Peter's Power and Sailboat Show, which we actually can see out our windows. Goodwill of geolocating ads online, right? There we go. St. Peter's Power and Sailboat Show, let alone the great site 4X-trading-unlocked.com. There we go. How's that, Teddy? We can look out our window and we can see the boat show. It's right outside. We're only a couple of blocks away from the water. But that was so cool, man. That thing to be looking at is pretty cold here in Chicago. Oh, yeah. Well, hey, we get a lot to talk about today, man. We have a very good day to talk about the currency. The dollar index is making some pretty big moves over the past couple of days. Yes. Yes. And how about that pound? It looks like the pound just broke topside, right? We finally got our breakout to the upside. And I was looking for it to hit 131 after maybe a couple of sessions, but it just did it in one little shot today. So very impressive move. So when you get something like that, I guess the pound, we get a couple of weeks for knowing what's going on over there. But when you get a continuation move like that, are you looking for like a 133, 135 in the future? Or does it just stall out for a bit? How does that normally work? Well, normally, if it wasn't because I'm looking at the dollar index right now, I would say that I think the pound would probably take a little bit of a slower grind up towards $1.32, $1.33. Okay. But if you look at the dollar index in the past couple of sessions, it made a higher move high. And then as of yesterday, it made a lower move low and had a really big range over a couple of sessions. That's a very negative indication that the dollar is probably going to be under pressure for a couple of days. And I think that might give a little more lift to the pound and have a little more volatility. I mean, the pound, when it starts to move, if a day like today could be followed up by another day that actually moves at two full dollars easily. Really interesting. And it's been down for so long, right? I mean, depending on how long you've basically been around folks, the pound, you don't see the pound a lot of the dollar 30. Every time you go to Europe, well, every time you go to London. Not recently at least, yeah. The bottom line is that I remember at $1.90, I remember at $2.10, I mean, it's like a closet over there would cost you a fortune. Brexit's been going on for three years plus, so it's become a new norm, yeah. Right. And the way it based, you know, over the past like two months, you know, how it was wedging. I mean, it is held solid with very tight ranges, which is not normal for the pound. And I think that with their election, I think it was December 13th or 16th. I can't remember. It's one of the states. So I was expecting it to kind of just grind higher if, you know, things were looking kind of positive for like, you know, Boris Johnson. But now I think with the dollar index under pressure like it is. And if you look at the Swiss, it looks the same as the dollar index. It made a higher move high. It looked like it wanted to really kind of hold that parity. And then all of a sudden it collapsed, you know, and made a lower move low. So that's a neutral to bearer sign for the dollar index, the Swiss. The yen, however, that's the one I tell you guys, it's amazing how it gets beat up with the dollar initially. And then all of a sudden as the dollar is getting pounded, somehow the dollar finds strength against the yen. Yeah, yeah, which I don't want. And it is what it is. I get that. There's no doubt about that, man. It's the one anomaly of the major currency cross rates. I mean, the New Zealand dollar looks like the British pound to today. I mean, it's unbelievable how high it is. So and that's a big deal because when you start to get your lesser majors that actually are moving that much, that volatility, that kind of a range, then no matter what, the dollar index is going to look heavy. And then currencies like the Euro, which were up today, you know, are kind of almost unchanged, you know, it's rebound and make a run for the highs again at the pound stays up there. Yes, no, I can see that. And you know, it's intriguing to talking about the currencies from, you know, other smaller nations, but a lot of them are commodity countries. That hits the commodity market pretty intense. You know, like we're looking at the Aussie dollar, do you know what I mean, versus iron ore, I mean, it gets really intriguing. In the context, these countries have been used to low currency rates and, you know, the commodity market itself, I mean, in the long run, they're going to be 10 times better. You know, of course, if the commodities go up, because then they're all going to have strong currencies, you know, the very West CRB index. Now, yes. Yeah, the variation, man, like in some of these, I guess in all countries, I mean, I listen, I dollars that's 70, what, you know, eight years ago, that's 98. I mean, huge moves. I guess it's, you know, all currencies, right? I mean, they move quite a bit once they stop moving. They trend. Yeah, they trend. I know. Momentum. So but I think the dollar index is something to key off of. And now these rumblings, you know, it's a trade deal stuff is kind of always scares me because I know a lot of stuff overnight, especially in Europe, they were saying it looks like a US trade deal is starting to look closer to possibly happening. That really scares me when that starts to make global news because tomorrow is the day where all of a sudden we'll say, oh, the deal's off the table again or something. You know what I mean? No, that was yesterday, Teddy. There's those women. Yes, I agree. It's that it's that dramatic. My tagline is what a difference a day makes even this morning doing the updates because it really is remarkable that yesterday it was hold on where we got a full 11 months until the election 2020. And then this morning it was wait, it's going to happen before December 15th, 11 days, 11 months, 11 days. That's correct. Yeah. It's amazing how those things swing like that, right? Yeah, well, you know, you can see in this one fundamentally why it would happen. I mean, because those are huge taxes that everyone's paying. Yeah. If you're bringing stuff into the country, and those taxes go away, it makes a big difference. Now, if those taxes don't go away on the 15th of December, there's going to be more taxes that I got to put in. And my understanding is that most of that on the December 15th is on consumer consumer goods. Yeah, you're talking about clothing, retail, $160 billion worth of goods. And that's coming into an election here to bring it in again. You know, is Trump really going to hit consumer goods as election season comes in? Why he's going to put a new bill in that all consumers are going to get money like all the farmers got money. Oh, boy, here we go. Right. About now, we do have the impeachment hearing that started today, too. So I mean, I would be that's something that could weigh on the dollar as well for a couple of days. Okay. And then I guess you get year in funding, we get the repo market, the repo market folks would happen is that the Fed, you know, they're oversubscribed by like the billions. They put on 15 billion first, 48 billion came in. At the end of yesterday, they went up to 25 billion. So that repo market is the banks don't need more money for the end of the year. I'm surprised the Fed didn't go right to 48. It's like, okay, there's still shot 25 billion. Yeah. And we're December 4. So, you know, that it'd be interesting to see where that scramble comes from. You know, because I believe that the US banks need dollars, you know, I mean, say they need money, but they need dollars too. Yeah, you know, you can't you can't basically hold it. I believe in other currencies. As you commit to that close of the year. No, no, dollars count on the balance sheet. Yeah. Not not not not yen or Frank's or whatever you want to put put them in dollars. Yeah, the rebalance the rebalancing is coming no matter what. Yeah. Yeah, that's a lot coming down the line. That's a good quote. We're gonna have a wild holiday market this year, guys. I like it. I like it. Listen, folks, you can reach Teddy every trading day at 4x dash trading dash unlock.com is for us. That's trading dash unlock.com. Teddy, you have a great one. Safe one. Stay one. We look forward to speaking the next Wednesday. Thanks, guys. Thanks. Lower the dollars next week. Oh, I like it, man. Seven days. Thanks, Teddy. Stay right there, folks. Tommy and I come right back.