 tfnn folks head on over to the front page of tfnn.com our man teddy kegstad he has kicked off the tiger forex report this week with his first issue on monday uh you can subscribe to that folks risk-free you get a 30-day money back guarantee and the best part is for the month of july we're running for one month you can become a charter member by signing up as teddy has launched his report you can lock in 25 savings for the life of your subscription folks it's 97 bucks a month okay you get 25% off of that number i think it brings you down to 72 75 i gotta pull the exact number out of my head uh but please sign up and the best case is you sign up you lock in the savings worst case scenario you cancel you can get a money back guarantee uh for 30 days teddy kegstad good morning good morning tommy well did we pick a good enough day to bring you on teddy with the chairman talking and we got some action in the forex market right now as i'm looking at these charts the euro pulling back a bit not sure what they're saying um not sure if they're saying anything but the market's reacting so far this morning what are you looking at this morning teddy well everything the dollar has been swinging all over the place today i mean the dollar was under pressure a lot the u.s dollar swiss made new lows again today and they were really bearing the uh the offer without a doubt you know earlier today and then all of a sudden about a half an hour ago we got a little bit of a bit in the u.s dollar um the british pound started to finally move and that's been a tough grind you know for a week i mean if you look at the dollar index it's been sideways really basically for the past week and a half two weeks you know winding its coil and i think we're starting to see we're at that friction point where they these markets have to move you know i mean we have the u.s dollar yen that just broke out to the upside this morning just a few minutes ago to make new highs oil is creeping higher so and i think you're going to start to see a lot of swinging again and the trends that reemerge again in all those markets yeah pretty cool action we have going on we got the 10 year this morning what are we sitting about 3.18 percent right now what did you think of just the market pullback yesterday i was talking to my dad yesterday this morning one of them he had a great conversation with you on monday and one of the things he was saying is it feels like and we're all biased but the forex market right now is so important i mean you've given us a great education talking about our interest rates right how the interest rates drive the strength in a currency because as you're getting a higher interest rate money is going to flock to that currency that'll maybe boost the the currency action so the u.s ahead of the curve higher interest rates coming at you putting some strength into the dollar and then we have the market yesterday pullback 150 points as we're sitting there what do you think of the market reaction right now with the s and p having i mean that was just like a three and a half percent move teddy in the s and p's really not too huge a reaction but so much of what's going on right now has to do with the strength of the dollar especially commodities we're talking about gold right what happens to commodities if we eventually we should get to the point to get to my question where we finally reached the point that the Fed has achieved their goal right we've hiked enough that hopefully they get inflation under control i know that's a big tall order but eventually it should happen and then we start to ease those numbers and maybe europe is behind us and then start hiking so what do you think is that relates to this market when we eventually get there of how those rates are going to kind of play into each other with the u.s ahead of the rest of the world right now giving the dollar so much strength well here's the here's the thing is what that when it comes to like a spark like especially central banks trying to play catch up like the ecb they they are going to start raising rates they have to just for for multiple reasons just to defend their currency for one and then you had the swiss have already done so that's why you had that first initial pullback off of parity you know so and they're probably going to do it again you know so they're ahead of the ecb now the question is is are they going to be as drastic i don't think they are i don't think they can you know so i mean we're we should have done this a long time ago you know so but we have the capacity to do this that words that they don't you know great point so and that that differential is what's giving the dollar its strength i mean when the dollar turns it's going to be very bad yeah now what do you think would happen to the gold contract we got a lot of gold bulls out there uh when if when you know we do get some dollar weakness i imagine at some point it may ease a bit um not sure it's going to have the the fall off factor for the reasons that you stated i agree um but what do you see happen and maybe with gold if we do eventually get some pullback in dollar strength um even though the fed late to the party what do you think happens with gold and that's you're going to see a monster rally in gold uh you just caught a huge fan base at tf and that's it no it's go ahead yeah i'm not and i don't think it'll be just a little spike i think you're going to see like you know what like i remember when i first started like studying the markets especially in in depth and stuff and you have these periods where you have really big booms and busts you know and i'm a big you've heard me say it multiple times markets go out like they come in i see gold having a very radical spike now i don't know if it's sustainable but i could see it easily seeing upwards of a 20 to 30 percent um appreciation and price from where it's at right now easily easily and very quickly as well so especially when the dollar turns you know so i mean i've been saying it for a long time it's not that the dollar is strong it's that all these other currencies are that weak you know so and and you're starting to see you know there's there's a there's a tension now because of all these russian ukrainian sanctions on russia it's hitting europe very very hard it's what happens if in another it's let's say that we stay where we're at right now we don't have any break in there in the russian uh conflict where's the ecb gonna stand a year from now you might be looking at a country like germany pulling out of the e you you know so i mean why wouldn't they you know just for their own sake you gotta remember a war started because of hyper inflation in germany once you know and after world war two before they were part of the you know the e u germany always had a platform of low unemployment low interest rates and absolutely low inflation and and that was there absolutely they were living day by day to make sure that did not change because they knew it would spark another war you know sure well look at what's going on right now you have rampant inflation unemployment is skyrocketing in germany you know because of might manufacturing plant closings you know all over the place this can't persist it's going to cause a big problem in the e u so i see a lot of instability in the year all coming up over that it's definitely over the next not right now in the next three months but about six months from now it's really going to start to come to a head yeah we got a very interesting three months six months 12 months i use that time that time frame all the time but it is uh so volatile so much economic data coming down the line and so much volatility in terms of where the fed goes over that period of time and where the whole globe goes economic data which you just said that is the big key that's really going to be the driver of all these trends and i have to say i'm not debbie downer but none of it looks good tell show me a show me a good number teddy right i mean that indicates that we're coming out of this because right you know you can be a little hopeful with some of the numbers maybe pointing to future numbers telling us that it's almost comical when you put it that way but we're basically a peak inflation right now and that's what you have to hear and what's so cool about being a trader is for so long traders were able to push that number back say it's okay it's it's going to ease in the second half of 2022 because the comps are going to be easier right well we're there folks and you see it it's still high numbers and now you get the fed realizing it um so we're in that volatile time and folks you heard what teddy said even if you don't trade forex pairs okay and i don't trade them a lot sign up for teddie's report folks because they shape everything we do right now you heard the conversation about gold okay teddy takes a look at oil he takes a look at the bond in there he takes look the currency pairs check it out on the front page of tfnn new issues every week and locking the 25 percent comes with a 30-day money back guarantee teddy we appreciate the update man you have a great July 4th thank you talk to you after the holiday man okay enjoy great