 And let's jump over to our man, Teddy Kegstad, folks. You can check out Teddy's outstanding newsletter, the Tiger Forex report. He puts it out every Monday. It's a weekly issue. He puts out updates throughout the week when warranted. He's got a couple great subscriber webinars that you automatically gain access to. If you sign up, you get a 30 day money back guarantee. You can check out the newsletter for a month. You can check out the archives of the webinars. If it's not something you think you can use, maybe you're not gonna trade forex, but I encourage you to check it out, folks, because I think there's a tremendous amount of information in this newsletter that he puts out every week, even beyond trading the forex pairs themselves. Teddy Kegstad, we got quite a morning going on. Good morning. Good morning, Tommy. The US dollar's getting hammered today. Yeah, great day to have you on, man, as we have some action in the CPI. We got rates going lower, and we got the dollar going lower. What do you think the action and the trends? What do you wanna kick things off? Maybe the dollar index? Sure, well, the CPI obviously is something that has a lot to do with the way trading is going this morning, and I think that the numbers being kind of overplayed, if you will, by the way the markets are reacting right now. I mean, the reality is you have a number. Is it tracking in the right direction? Yes, but it's still a situation where it's like instead of re-rending somebody at 65 miles an hour, you hit them at 64 miles an hour. The fact is you're still re-rending somebody, so I don't think that the markets are going to maintain this trend. I think it's one of those, you know, the number came out, it's being reactive right now. We'll see how it pans out over the next couple of sessions. And as far as CPI, you know, it's tracking in the right direction for us, but German CPI came out yesterday and it was extremely high, you know, and their economy's crumbling, you know, so that's gonna have an impact definitely in the longer term if that continues to trend that way. It's gonna impact our CPI as well. So I wouldn't get too very, you know, jovial, if you will, about that there's the rate hikes and everything is coming into play and doing the right thing when it comes to the CPI numbers and the inflation numbers. Yeah, it will be interesting in terms of, we have a Fed meeting two weeks from today and it seems like the messaging was pretty strong that they're gonna hike and even listening to some of the analysts this morning they're saying, you know, it's probably not a big enough surprise number to change that for July, but then we get two months of data before they really get September in terms of we get the July data, we get the August data. So there's a lot of data even before we get into September, let alone a whole earning cycle that comes with it and we'll see where we go from there. What do you think about this price level in general, Teddy, with the dollar index? I'm getting a little technical here, but just when I put this dollar index, you know, on any chart really, whether you're talking about weekly, daily, I mean, you're back to levels, right? That we were chopping around April and May, you're back to the levels we were at kind of in January. Do you see this as an area of potential support? Do you see that? Is that the critical area? If we break through, we go lower? How do you look at this area? Because as a technician, and I like the fundamentals as well, but that's kind of a cool area we're at right now, kind of right to those lows that we had in April and back in February for the dollar index. Right, well, I don't think that we're really, I don't think there's a new trend emerging. I think what we're doing is we're pushing the upper boundaries of the range that we've been in, you know, respective of whatever currency cross you're talking about and even the markets in general, you know, I mean, the reality is we've been in a big sideways trade for months now, you know? And I think that right now, especially like when you see how the euro is breaking out to the upside, the pound's breaking out to the upside, you know, it's pushing that upper boundary of the range that's been in for months. Do I think it's gonna be an escalated trend as we have a new thing in motion for months? I don't think so, you know? I mean, we have, the question is, are we gonna have one more rate hike or not before September? Whether we do or not, we're still ahead of the curve when it comes to other central banks. You have the Bank of Canada that has a rate decision coming up today, later on. And you also have the bank of, excuse me, the ECB that we know is most likely gonna raise rights at their next meeting. So this is all gonna balance out in the short run, meaning that you're gonna see a weakness against the dollar because we know that there's rate hikes coming from these other central banks, whether we pull the trigger or not, you know, that will influence when things happen as we get closer to that meeting, you know? And especially as we get to the last one, we have a distance between September, you know? That's where we have that two month lag. We'll see if that's when we have any real trends, meaning that you'll see the euro and the pound really exercising strength and the dollar index getting hit. I don't see that that's really gonna happen though, you know? I mean, the dollar index, it's not that the dollar is so strong, it's just that right now these other currencies, our news reactionary gaining strength, meaning that it's only a short term knee jerk reaction. Overall, the economies, if you look at the EU are collapsing, it's not sustainable, you know? Their numbers are not gonna be trending. I heard you before I came on the air saying, well, there's a lot of numbers that are gonna, you know, see what the Fed's gonna do in the fall. Well, the numbers in Europe have not been tracking in the right direction, you know? And I think you're gonna see that that continue, you know, and if that does, you know, you're gonna see a lot of pullback or strength come back to the US dollar. So, meaning don't get too excited on these breakouts right now. If anything, I'd be looking to take profits, you know? Nice. Sorry, I lost you there at the end, Teddy. Okay, that's right. No, and that's where I'm looking at is right now. I think right now you have to look to start looking to take profits and raise your stops. You know, don't get married to these breakouts, is what I'm saying, because the volatility is starting to spike up. But if you look at the moves, they're not really that severe. It's just they've been so tight and rain-straighty that it looks like they're really, you know, really doing something right now. Yeah, especially compared to kind of the run we had the last couple of years. And I was joking with one of my best buddies, Teddy, in Switzerland, and he's getting married in September in Spain. And so I was sending him some dollars for a share of a house over there in September. And he, and I got 110 on the Euro, and I was telling him I wanted 95 because I'm gonna be the best man in the wedding, right? And he tells me I'm lucky that I'm not getting 160 because that's where it was recently. And it kind of just put in context though in terms of just like you're saying, I mean, we've gotten these moves, but boy, when you back it up even five years, six years, pretty remarkable how large some of these moves have been. And then you go this year alone, I have the Euro up, for instance, we're between about 105 and 110 the whole year basically. And meanwhile, just kind of puts things in context of, yeah, we were at 160, which is crazy to think about let alone 95, not that long ago in some of those currencies. And I, of course, today I got to send him a text saying, thanks for 110 because the Euro's at 111 already today. No, but I kid, what about crude, Teddy? Let's talk a little bit of crude, man, because we got a little bit of a bid in crude. We're at $75, we're climate higher today, we just got a 76 print. What do you think of the price of crude? Well, see now, this gets up to the whole range trade thing, which I just talked about with the currencies. Today we broke out to the upside. This was a level, that swing hide that was established last month is a critical resistance area. So the question is, is can we close where we're at or higher today? If we do that, then that means we have a potential, I think, to still push maybe up towards the $80 mark. But once again, if the markets are still in a range trade trend, really, then that means you don't get married to this spike. It's gonna be a head fake. So I think you have to see how much these markets all line up, meaning like are they gonna spike into these new highs and new lows, or are they gonna start to really surge? So we need to close around $76, so it's saying oil, and then see if it can actually hold the trade up around the 78, 79 level. I don't see that happening. I see more of it spiking up and then we're tracing back down. Teddy, I appreciate the nine minutes as always, man. It was a quick segment. I look forward to talking next week, brother. Sounds good. Take care, Tommy. Okay, have a great one. We'll be right back, folks.