 Let's go over to our man. Mr. Teddy cake status. We do each and every Wednesday and you know talk about We just you know you just in the right spot. We have you in the right spot. It's fed day That's right seems like every time that you're wrong We got to know what's going on with these currencies and folks you can reach Teddy every trading day at 4x dash trading dash Unlocked comm Teddy cake stack. What's happening, brother? Good morning guys. Morning Teddy Hey, we're sitting in the same spot man Pretty quiet. I think for most of the day today. I know man. We've been sitting in this spot since October 24th For a lot of these markets, they've been in a wide range straight for sure Yeah, but today is gonna be quiet until the feds done, you know We have a dovish a dovish fed was really no interest for anybody right now unless they say something You know to the opposite. Yes. Yes. Now. What do you think about the aspect? You know like I guess two nights ago when? You know they host the commons Speaker came out. I happened to be on the air then I'm saying myself man We should get some volatility tonight, you know and the UK and the Euro, but guess what it flatlined It's like wow. I mean is you know the market knowing that it's going to be Zero well, you can say there's going to be chaos mean there's nothing happening But it seems like the currency markets are just like sitting there like okay talk to me, you know Well, I think that like you said right now. They are kind of just like not really absorbing anything It seems like it's very lackluster as far as the information Reaction is except for the pound the pound dollar right now is retreating right now It's kind of a corrective move and I really see that because you know yesterday with what they you know May was pushing for the June 30th brexit extension and what have you so we know that there's going to be three more months of this You know deliberating on what's going on and what isn't going to happen So the pound I think now is push that upper end of its range last week And now it's going to settle back into this wide range trade Probably from 132 down to the 129 area for the next like basically three months, you know So that's the dollar right now is kind of neutral because of the Fed meeting But the pound dollar it's getting hit this morning because of this news to put it back in that range, you know So so dollars getting a little strength today on that, but I think it's only a little read That's the only really news reactionary trade going on going into the Fed Except for the US dollar Swiss and that's the one thing that's seeing that under parity today and actually like the pound already Started bouncing back a little bit the pound dollar down since the break this morning, but the Swiss has it That's actually still hammering the lows and it's about I think a quarter about 25 cents below parity right now So which is not that significant Except for the fact that we've been talking about parity being the dividing line for the dollar So I think that that's they can stay below that guys and we have an indication of what's going to happen with the dollar All the next couple weeks now Okay, so can we go over this again because I got this up now Teddy right and I can see that you know It got all the way up to this One like 101 and that was testing the 1.01 all the way back to November and now it's getting deeper into it So when the pot when the pound The front I mean the Frank comes down right? Yes, the relationship in the dollar is is that is it getting stronger weaker about dollar Right now the dollar is getting weaker. I got okay. Cool. Okay. It's getting weaker against the Swiss I got it. So okay, and that's the thing is the irony is that you also look at the euro Which on the daily basis you would think of a move like if you look at how the the the volatility today in the Swiss Yes, their range is pretty strong and usually they're less than the euro US dollar is today the euro US dollar It's positive with not much of a range, you know And yeah, usually they kind of go in tandem when you have new lows or new highs being made in one of these markets Okay, that's where I think like that's why I was saying like today that parody thing is a big indication for what the dollar is gonna do It is that pretty cool, man. Yeah, I like that. That's That's because the euro US dollar trade has been a very like, you know It's been a creeping bull for the past like three four days Yes, you looked at it different times during the day, right? You can have every reason to buy or sell it on the intraday And I guarantee you any intraday trader probably got chopped up over the last few sessions, right? I would think and that's where every time you think it's gonna be a bull Yeah, it's it starts to just edge its way down, you know, and you know, it's tuning up all the week stops Yeah, it's a little spike and all of a sudden boom It's back into where it needs to go and then the same would be well, obviously it's been a bullish trade like that So it's been a buy a buy dip market But it's of hard market to buy dips on you just got to kind of get long and hang on right And you know what that's all about folks is that you the trend is your friend And that's when you if you're on the right side of the trend you think you're a genius in the trading business You know so you know so funny today is that it's so true though, right that when you you know when you go on a streak You're realizing right kind of what you just said that even a small move Well, you know right side of the trend, you know, you lose and losing losing it all of a sudden end of the day Oh, you won lose lose lose you won, you know, and it's you know I'm making them more simple than it is, but it really is it's like okay You are correct 100% correct that simplicity is the ultimate truth the trend is your friend trade the action Not the reaction the reactions where you get chopped up. That's where all the emotion is. Yeah, interesting Yeah, telling it and you know we'll see I mean Tommy and I were looking at that dot plot earlier and the dot plot was like What ended up happening? We are looking at it yesterday, and I had to go look it up last night to really understand what it is and all those Well those little dots folks are the Governors that have voting power. That's where they think it's going. Yes, and it's way above where the consensus is right now Like we're sitting with Kevin inks, right? That's December. Yeah lots changed since December 19th or wherever that last plot came from Right, so that's gonna change for sure. Oh, that's how that works. I got it I believe so I believe so that's what I saw in that line That's even cuz I was doing the same thing and so yes you meeting day 12 19 and they have it up here Projections from meeting data 12 19 18. Okay, so that'll change. I mean that's before the markets collapsed on Christmas Eve, right? I mean, what's the S&P up 20% almost since that level? Yeah, I mean remarkable Yeah, but look at that disparity of the dots too. So even that means just there might be a median take, right? But man they got three or four governors on either side. Yeah pretty wild man they It will see yeah, they'll come out there and and it doesn't seem you know that I mean we don't have inflation out here So it's like okay, you know, how how dovish is are they gonna get I mean that's that's I think kind of kind of where we're gonna stay That they're gonna stay that way till the fall Okay, that makes sense you know my my perception is that like, you know, they're done and You know, I see that you know our economy is still going good I mean, but the reality is is that the taffs are hurting the Midwest beyond belief I mean that those farmers, you know, and there's not as many farmers used to be but let me tell you something folks There's plenty of communities out there that are getting hurt. If you go look at any of those Soybeans wheat con they're all down dramatically. So that that's gonna that's a problem child But don't you think there might be a little shift in that guys over the next couple months with the China deal If they get it done, yeah They're talking right now in Chicago that if this deal goes the way it's gonna go that farm the farm demand in the Midwest May be actually up threefold to China That would be that would be great. That's a whole like a topic that no one was even bringing to the table a year ago I mean, this is something that is actually yeah, that's that's a that's a big number, man That's a big never listen folks. You can you can stuff right? Yeah, I'm gonna go be a farmer, man You can read it Teddy every trading day for X dash trading that's unlocked outcome. Teddy. You have a great week safe week We look forward to speaking next Wednesday You two guys, thanks for everything. Thanks, Teddy. Stay right there folks Tommy and I coming right back We have it out on 72 and Aztec a five S&P's up six and a half come right back