 Or man Teddy keg stat folks you can check out Teddy's newsletter the tiger forex report right under the newsletters tab at the front page of Tfnn.com all our newsletters come with a 30-day money back guarantee I'm not sure there's been a time that I've at least been as interested in Currencies and how they're shaping this market and we're seeing it play out today and this week right away Teddy keg stat. Good morning Good morning Tommy So where do we start on today man? We got some movement across the board currencies yen Dollar crude with an 83 handle. What are you checking out this morning Teddy? Where do you want to go? Well, I would say first of all right now that you got to view what's happening currently as we're speaking I think as a profit-taking bounce You got to realize the markets have been open for already almost two days Even though everyone else came to work, you know our three days actually now everyone came to work yesterday You know, so we had a lot of follow-through yesterday I mean if you look at where the bonds were at a high yesterday versus where they're at now I mean a half a point half a basis dollar balance isn't a big thing It's right now I think they're squeezing out the the weak shorts and the weak longs in the US dollar right now Yeah, it is pretty interesting some of the relationships that are going on at these like exacerbated lows and highs How about how about the yen and in what's going on there? I'm not sure if you just heard the segment man that I took Japanese I was over there yens the yen was had some volatility back then in the late 90s And I can't believe that we're basically at the price level that I graduated high school in which is crazy enough 1998 on the yen. What do you think of this move? Are we reaching a potential peak here or 145? It's pretty crazy Oh, I think it's going parabolic my friend. I mean like right now. This is absolutely ridiculous I mean anyone to read the report, you know on Monday, whatever knows that we've already hit our Target for 142 and 142 to 143 area and at least see a little bit of a breaking of you know on the on the rally But this is you know what we've been talking about I've been mentioned the velocity of money and it's starting to really ripple into the foreign markets You know and you gotta realize Japan doesn't just deal with us, you know So as these other countries currencies are collapsing versus dollar doesn't help them either, you know So and I think it's being very reflective I you know a lot of people say that they should become hawkish to protect the end Well, there's a reason why they're not becoming hawkish because being hawkish causes inflation So they can't go like it can't go down anymore. So they're not gonna go up, you know I know people don't believe that view of the they follow the Fed But I mean look at the three precautions of what's going on with what the feds been doing now for a year, you know So I mean there's a reality you have to bring facts or facts, you know, it's not all it's a big one Yeah, you know, and it's pretty it is pretty crazy that we're almost approaching that year, man Right in terms of the final quarter of last year the markets kind of defied the expectation and then January 1st, but we're already into Beginning of September and it seems like it's been turmoil and negative market action and fed anticipation And we're almost approaching like a year from that type of mentality Right, right. Well member a year ago was when it's when I was already preaching get along the US dollar yen It's gonna be a big trend. I mean I What's going on over the past couple days is really is I think solidifying my view that yeah The the velocity of money is size is actually collapsing, you know And it's because of what's going on look at how the bonds have traded just since Sunday night, you know I mean like we had a lot of market action going from Sunday night into Tuesday morning Let alone yesterday's trade, you know, so I mean and this is without the numbers. This is just a free trading market This is without the Fed meeting and it has not occurred yet. We know what the bias is, you know We know we have CPI coming out. I bet you CPI I'll be very similar to last last month It's probably gonna be still higher But it's not gonna be at the increasing rate that it has been at but that doesn't mean it It's not inflation is being curved. It's just that velocity of inflation is being diminished a little bit, you know So but the trend remains intact. So I we've I would use a lot of caution right now fading the dollar I think you want to be in a buy-dip scenario and right now today I wouldn't doubt it today We see another snap back and you could see the the yen making new highs the Swiss Frank making our US dollar Swiss making new Highs the euro they're waiting on to see if the ECB is gonna start to become hawkish I don't think they can afford to be to be quite honest with you I think they're gonna try and put as much pressure on our Fed to put the brakes on because these central banks know that if They start doing that it's just gonna hurt them even more globally because all it's gonna help them is against the US dollar So okay if their import or their exports meaning our imports that helps them becoming hawkish But then they screw all the other countries that are being devised, you know, decimated by their currencies valuations You know, so the Fed is creating this whole turmoil, you know The reality is 80% of all transactions are done in US dollar globally What is the one what is the who has to make the move? Yeah, you have to make the move, you know, and that's not happening, you know, at least I would be stunned I mean, do you think the chairman Powell listens to what I'm saying right now? If he does hear it or get somebody whispering and he's like, I don't want to hear that I don't want to hear that that's nonsense, but I'm not an economist So what do I know? I just all I know is I make money off of the trends with my points of view Yeah, listen, and we got some trends man for sure How about the trends in crude? We got an 83 handle today and so normally right before 83 she's 82 93 I got down to we're trading at 83 67 right now now usually Teddy, right? The US is an oil producer. So if we had lower oil prices, normally that would be hurting the dollar, right? Versus maybe even versus the yen in particular But is that just not a big enough factor right now with crude? Is that or is that a relationship that plays out? Am I correct on that relationship usually you are? You are 100% correct on it. Now. Here's what I think why what's happening in crude I live in a very dense area the Chicago land area. We just had Labor Day weekend Labor Day weekend is typically You know, there's the parking lots aren't is filled up at restaurants You don't need to worry about reservations because a lot of people are out of town, you know, they're traveling But the reality is Labor Day weekend wasn't really any different than any other normal weekend around lately, you know So and what I have noticed is that traffic is very thin People aren't driving around like if I go shopping now Like I can go now at like six o'clock to Walmart in the evening and I don't have to worry about a mess of people being there The parking lots aren't they're not empty, but they are not full by the way they usually are, you know what I mean? So people are not running around. They're doing all their shopping in one loop They're not going out coming back in, you know what I mean? I think that the reason oil is right now riding the lows is because the demand in the u.s Is shrinking because of the usage not because people don't want to drive But because they're they're just they're doing that kind of a thing, you know, and I'm saying like How many parents do you think are saying? Okay kid? You know the teenagers just drive around and go run around and see their friends all afternoon You know, they're gonna be like, hey either you get a job and pay for that gas or you can forget about it You know, so I mean and I think that's the reality is that That right now the demand I mean is just not being It's not being the way it normally would be because of the pricing, you know People are scared. They still have to when they go shopping. They're like, okay. Here's the choice Do I drive around and just waste time and money or do I pay for these groceries that are now 50% more? You know off the grocery deal, man. Let me tell you I've been talking to friends I don't really use instant. I used to I was using a scud often and especially during the pandemic and You know a baby on the way and all that stuff But when you add percentages on percentages on percentages, man, it's just rationalizing it very difficult at this time especially with the rising number and that the Uh food prices. It's a big one, right? Well, teddy. We appreciate it as always, man Always an adventure. We got crewed 83 30. We got some action Uh, I can't wait to see where we are one week dollar bull is not going away, baby Dollar bull gotta love it man. King dollar teddy. We appreciate it man. Have a great week We'll talk to you next Wednesday All right, folks check out the tiger 4x report under the newsletter tab. We'll be right back after the break