 let's jump over to our man teddy keg stat we talk to teddy every wednesday folks at ten forty uh... she's been nine forty in the morning you can reach teddy every trading day at four x dash trading dash unlock dot com teddy keg stat good morning good morning tommy what do you want to talk about first had a few uh... events across the globe and the oil market and the commodity and uh... excuse me for x market over the last week uh... why don't you give us your take teddy on what's going on with the russia ukraine and maybe how that's it in crude and the four x market to begin with and then we'll go into the other factors maybe of what's going on uh... it's actually a great day to talk about that because you know how we've been uh... for the past year now we've been using crude as a kind of a variable for which way a lot of the currencies are going to go okay uh... now it's going to have a much different factors you got to remember that that the oil market is based in us dollars and also in euro dollars so as we impose these sanctions on russia and all these things start to change around europe and stuff as far as the delivery of gas and oil and things like that coming out of russia or where they do go uh... this is going to have a big influence on the currency markets so uh... as far as you can remember uh... where we're at in this position this is russia versus the nato countries so certain countries are not going to be affected and impacted as much in as far as strength or weakness in the dollar some other currencies are okay so now i would be very cautious as far as being a dollar bull right now i think you're gonna still remain with the with the u.s. dollar yen doing that uh... but outside of that now especially with australia opening up you know uh... the dollar is going to get very weak for the australian dollar on new zealand dollar i think is is riding the coattails of australia right now uh... i would be very leery until they start to open up more of their restrictions this i don't think the rally is going to be as strong as what you're gonna see in the australian dollar u.s. dollar over the next literally week or two uh... when that moves at the ossees can be a lot like the pound like it gets a very very over extended at over exacerbated the trend you know i think that right now you have a balloon under water rally going on right now and as far as how much velocity it's going to get the more this is situation with the russia ukraine is going to definitely fuel this stuff okay so it's gonna be big for china because now one of their biggest core commodity producers is going to be back online and shipping and getting things back towards a normal if you will whatever that is on but it is going to accelerate because they were basically at a stop okay so for that area of the world you're gonna see a lot of dollar weakness okay especially with the Aussie to be a very lot of divergence for that region now as far as the euro the pound in the swiss it's swiss cheese right now we've been talking about how it's been sideways for a couple weeks we're going to get a break out okay now we have to look at how things i remember we had brexit okay the uk now has their sovereignty okay so and they're also not impacted by energy the way the e you is so the question is is how are how are these players going to work together uh... not just against Russia but also for themselves you know so now there's a lot of issues between the uk and also on the e you you know so now is it are they going to drop their in differences if you will between themselves uh... and work towards at least one fundamental goal which is defending your you know acting against Putin i don't know that's going to be a very big thing to try and figure out especially because look at the covid restrictions the uk is now dropping all their covid restrictions the e you is not you know so where that pans out i think that the euro u.s. dollar could trend stay where it's at and go sideways to lower the pound we talked about this before i think you might see that actually break out to the upside and as far as the swiss uh... i don't see that really going anywhere right now you know i really don't think you're going to be caught in this range that we've been in for the last six months that's a great well i wrap around to to many different variables going on in that market man we got potential world there uh... just looking at you know the the things playing out from from a very far distance of of not digging too deep i don't understand the situation as well as many right but i do understand is it's probably going to persist for some time as intentions over there are pretty high uh... no matter what do you see this just kind of being a continuing thing because i don't know how there's a resolution when you have something like putin going out there land grabbing right it's like that's not of something that's going to resolve in in the immediate future i mean oil prices currency you know influences i just see that as a pretty presence you know factor for at least the foreseeable future over there with a little bit of you know instability elite to say the lightest you know that at a minimum yeah well this is going to be that the biggest focus right now um... i i mean we i've been saying that after the olympics that's when china goes after taiwan that's when putin starts to kick up his heels however we're playing into putin's hand right now we've shown all our cars we have been doing that for a past couple of weeks this situation didn't start a month or two ago this has been going on now for months as far as conflict in the ukraine okay so it's not like all the sudden ukraine is under pressure they've been under pressure since the summer time okay and things have just finally come to a big boil you know if if putin was to back off and pull all his troops all the way back to moscow it's not going to change what's going on in the ukraine okay there's still all kinds of infighting you have you gotta realize there's four factions in in the ukraine you have the controlling political party most of which is in hiding okay then you have the people who just want to have ukraine they don't want putin and they don't want the leadership they have now they want to have a free democracy which they don't have and that's what they're fighting for then you have also the russian separatists that want to have the soviet or what was the old soviet union come back okay so those three factions are clashing and then you also have the neo nazi movement that's also there so you have four factions that are fighting each other and now you add the russian influence okay so it's you know no war can you can't have a fight a two war a two front war and be able to exist the ukraine has a multiple front war that it's fighting inside itself you know so this is not going away it's not i mean putin like i said he can back off disappear it would not change a thing the ukraine is up for grabs that whole region is up for grabs you know and then as far as you know nato is the one that broke all the third ones that broke the treaties first you know so i mean we should not they should never have been where they were at would that change a thing would that mean that putin would have moved in first then that would have been something for nato to do you know they should have done sanctions beforehand instead of doing what they're doing now we're being reactive and that's why i said we're playing into putin's hand you know like i i've listened to a lot of people like he shouldn't be on the world stage he's astute uh... well i don't like the guy but anyone that thinks that when they do you know like it or not russia is a world power you know for the last like especially five years this is the year with the west is trying to denounce them what you can't announce a country that's fourteen time zones you know i mean it's just and it's that i don't know anybody that's called putin astute and if they do that i i don't think that's the right call he's an outskate gb probably bright and brilliant and just uh... very bad person uh... absolutely a lot of power and a lot of nuclear weapons and a lot of people and a lot of land he's like the guy with the cat from a james bond movie exactly yeah sometimes they can be smart even if they're evil man which is a real bummer of it all scary right exactly well but we'll be it's always an adventure week to week i imagine where we're gonna be next wednesday uh... and as we wrap it up here we got crude at ninety two thirty five you see a test in the high is recently are we gonna test maybe those lows uh... like eighty five eighty bucks where we're going higher we're going to have prices all right man tenny thank you so much for the segment we appreciate it we'll talk to you next week man absolutely take care of it