 Let's go over to our men Mr. Teddy cakes that as you do each in every Wednesday at 40 past the hour You can reach Teddy every trading day at 4x dash trading dash unlocked calm and bottom line folks is that We're laying at these levels that have been laying at these levels man for a long time Teddy cakes that what's going on brother? Good morning guys. How you doing? Morning steady Pretty crazy. We got the dollar was pretty strong this morning Coming back a little bit since the stock market opened so but um the pound and the Canada and the Australian dollar are definitely Giving the dollar a surge today. Yeah, you know, I guess and I look at the pound like that's a normal pullback I guess we're you know, we've had a couple signs of strength, man But what I'd like you to do is get on the telephone man until some people stop buying that pound so the dollar will crash I Well the Swiss is doing the parody dance so the dollar right now seems to be holding its get its strength right now I don't think yeah, you know, no matter what we've been talking about this for weeks now It seems that the dollar no matter what it's holding strong with the news and with the interest rates are going Yes, and and I was actually down by the border trade yesterday talking to some guys And it seems like with the roll over now It's really tough to trade the interest rates and looking how the currencies are going I think we're gonna see a lot of neutral trading like the euro in the US the euro US dollar trades been in basically a $2 range now for months Okay, you know, so and nobody sees that even remotely Changing change especially with the Brexit thing and the way the EU who looks like right now with their economic numbers Now there is a silly thing catalyst that could change things and that is the Turkish lira With right now with what's going on with them with Syria and with our US potential military issues If we start to put on sanctions or make some kinds of moves the Turkish lira could take a dive and That could actually start to cause some instability and also affect the euro as well interesting. Yeah, so the You know this yen man. This yen just is I mean, oh, it's weak rather But it seems like it's loving this one 11 point man, you know, it is it just keeps on trying to butt up against it 112 even the area it doesn't seem to want to hold above it, which is a pretty key Psychological area. Yeah, because I'm actually surprised that the you know, the dollar is actually not up more I you know this one with that spike But because like once it starts with 111, it's like well, you want 114 again. What do you want here? Do you know me? Yeah, it's like, right? Well, that's the one thing that's interesting about the dollar strength right now, especially over the past couple days You're not I mean except for the pound you're not getting it from your major You know pieces of the pie you're getting your outline currency is like the Australian dollars is getting smashed Yes, you know the Canadian dollar is red just railing like they're the balloon under water, you know, so the pound Relatively this pullback is kind of I wouldn't say it's indicative of what's going on with the dollar It's more of just a little bit of a profit-taking break You know so and I think that one of the things like especially like I mentioned the Turkish lira You have this situation with Syria and now you also have the turnover of power in Mexico too to the that what is his name? I'll open door. I believe okay now that could be a threat to NAFTA and totally change the peso dollar trade Most people we don't talk about the peso usually very often, but up until this point We were looking at NAFTA being resolved between Canada Mexico and the United States Yeah in amical agreement that definitely is better than what was in place before And it was also something that was good to keep the peso relatively stable where it's been trading around Basically 17 to 22 pesos the dollar for years now in that kind of a range, which just seems to be pretty healthy It's good for American tourists. That's for sure. Yes, you know, you know How did you get in the foreign currency business? How did I get a foreign currency business? It really started as being a bond trader an interest rate trader and I Used to be I didn't trade that the futures because of the liquidity issues Especially with overnight trades and stuff Yes, and words you could trade the but night bonds and things like that at the time when I first started trading and then with The advent of the cash market once the broker because originally the cash market was all broker dealers Have a lot to participate. No, no even Reasonably sizable retail trader institutional trader could even touch that market. Yes once that opened up in 1998 And I saw that one you could trade them 24 hours a day. That was okay Now I didn't have that risk of one of the bonds were closed So I started using the currency cash with the interest rates and then that's how I got you know Nice because it's you know, folks What happens if you if you're interested in the currency market the way I would do it is it take one currency at a time? Because it took me a while to get acclimated to it You know what I mean, but it's so intriguing man because it's almost what I like about it is like it's like a commodity market You only can go so far down there are fundamentals in between that. Do you know what I mean? Yes, and no one the currencies are like wow, man, you know, that's the world we live in man And I can imagine, you know when before the euro came into being I'd say all those European traders They had to know currency up died down. It's like you're going from state to state, right? And you know, you got to know what's my money worth today, right? It's compared to what right? Yeah Sure Yeah, pretty man. You're trying to plan your travel when you're going from one country to the next on your vacation exactly No, I mean 15 different. Yeah When you're in France and then you're doing really bad when you're in Italy in the next week What's really cool about it you can see why people can have currency battles too because if you can have a nice week currency You're gonna get bigger volume Well, now you just hit the nail on the head there currency battle and I think that that is something that we're gonna see come this summertime Okay, I'll think about the trade war talks and how they've disengaged its tariffs for now and whatever and you know We know that this is gonna get hashed out eventually But one thing that is definitely done as you know as well as I do guys markets correct And they don't wait for governments and whoever else to make a decision on what they're gonna do, right? You know so and we've seen especially over the last six to eight months an explosion in growth and manufacturing outside of China Okay, we have an explosion of Manufacturing in the US where we're relying on things that do come out of Asia that we were gonna get that We were getting from China that now we're not getting from China And there's two it's a two with there's a double-edged thing happening here You have the one US dollar trade which nobody really talks about because the one is so fixed However, the fact is that it's the way the dollar has been moving in that relation with that It's actually hurting the Chinese right now. So their exports are getting more and more expensive. Okay? Everyone knows the quality is horrible and now you have people in this country that are in business that are now wait We're our loss leader and parts problems are no longer as big of an issue with our new suppliers So do you think that they're gonna go back now if they're getting parts from Vietnam or Taiwan or India and go back to their Chinese supplier, which was they were losing money on No matter what the trade deal is That's wild. Yeah. Yeah, so and if that's the case it doesn't matter how this trade deal works out China may act We may be seeing the beginning of where their economy is solely based in-house because the rest of the world has had pretty much Enough with the fixed currencies and the bad products and they know that they keep growing and buying stuff up Everywhere else and it's all on it's all on, you know, I'm based off of debt and what have you, you know I'll be while watching this to shake. Yeah, that's a big one because there's no doubt You never want to lose an auto I mean if you lose an order and someone else can commit and fill it and the person's happy with that Companies happen. It's a problem. Don't lose them all. That's for sure. See what happens, right guys, right? Teddy you have a great week safe weeks. Stay warm. We look forward to speaking the next Wednesday Thank you guys. Thanks daddy. Appreciate it folks. You're gonna check out Teddy every trading day Forex dash trading dash unlock calm down on 56 85 nasa got 44 sp down 13 Tommy and I come right back