 Welcome back folks. Dow, Dow investors down 11 Nasdaq's up 30 S&Ps are up four and a half Let's go over to our mam's to Teddy cakes that as we do each in every Wednesday at 20 at 40 past the hour You can reach Teddy every trading day folks at 4x dash trading dash unlock calm Teddy cakes that what's going on? Morning guys pretty interesting saw action the currency markets today. I would say yeah You got some big movements in that hero man. That was a fast move. No doubt, right? Well, you know the ECB not doing anything with rates I think that was probably one of the biggest things that kind of got the move Now if you guys look at the the US dollar Swiss, that's like above parity again And it right now the market's bid at least it was the last I checked at okay, yeah So so right now you have the the US dollars above parity with Swiss That's a nice reason the dollar index is high The euro is selling off but interestingly if you look at the at the sell-off in the euro It was much lower before and now it's coming back Yeah, interesting. Okay, the other ones are still bid now There's I was kind of wondering I'm like why is it looking like that? And then I looked at the euro at the excuse me the euro Swiss and the euro Swiss has been nothing But rallying for the past month So it's pretty interesting to see how the Swiss is falling to the dollar more than the euro actually is today Yeah, that's interesting man So what do you think you know what when I was looking at that it almost looked like the euro Wanted to move higher the last few days Teddy, right and then I'm trying to correlate it with okay Does that have anything to do with Brexit non-Brexit? Do you know what I mean? It's like the euro seemed like it was gonna be happy when Brexit was going out for a year Do you know what I mean then drag you come up with small and says okay? I'm not that happy man You know I want to get to lower price because that euro at that 112 16 is a kind of a dangerous place for it Absolutely, absolutely because it's flirting with that 11 half area Which seems to be the bounce point for them for the market. Yeah, right now, right? So I agree with you. I think that a couple days ago I was looking at the euro and I'm just like wow this really things like this slow creeping little bull May try and extend itself and then of course over the past couple days it fizzled Yeah, no exactly and I think that that has more to do with some of the numbers coming out And then you had the deal from your Brexit supposed to happen Friday, right? You know and now with these ridiculous talks about extending it a year and I actually had an interesting Conversation over the weekend with someone who's off from Switzerland and they actually a trader But they live in Dubai I asked what would be if they just did the Brexit Friday and just said okay It's over, but we're just gonna deal with these things on a day-to-day basis and just address them as they come wouldn't that be a seamless way of moving on and Making everything happen and he said that's what people wish would happen because that would be common sense Okay, the thing is you doesn't want to let go of the UK, right? That's all what the thing is Yeah, no, it's listen man power never likes to let go of anything, you know, you have to take it I mean that's that's it's a yeah It is what it is right they're part of the organization, you know You want you want organizations as big as you can be if you're a bureaucrat, right? Sure, and the thing is that the UK has always maintained the pound So their their ability to leave the EU should be actually a seamless one, you know And it's not being one so that actually I think is also scary for the rest of the EU countries You know which also starts to weigh on the Euro because not coming to a deal Is not good for the EU either because it means that they're not willing to compromise, right? Yeah, right and even inside of the couple of the press releases they put out It seems like the EU is worried that even they give me the extension I don't mess with our business when I give you this extension, you know me for the next year, you know And I'm not quite sure how they can mess with their business, but Well, they get to vote man, they're they're active players, you know, okay, that's what remember the EU for that year Right, that's right. See if we look at the pound dollar right now today with the court with the dollar rally going on It's pretty neutral. It's not doing anything. Right. Right. Oh, yeah I know exactly just laying there at 130 73. Yeah, and it's just like a flat line Just a little range trade, you know, so it'll be interesting if the dollar Swiss stays above parity settles higher You know and can continue over the next couple days Well, then obviously the trend is pretty solid and then there's a bull in place, you know But I think really it's kind of skittish, you know I think it's just little news reaction trying to figure out what's coming out with Brexit that where nothing really is there You know, I mean most of your currencies you got the pound you got the yen You got the Australian dollar and the Canada are basically stuck in range trades Yeah, I just you know, just as you were speaking man I just brought the the Swiss Frank up, you know going back to 2000 and Foa and this thing's been in the same place for what 2011 man, that's us. That's a tight range for that, isn't it? right Wow, exactly So it's just because the ranges have got we're gotten so used to it things look valid over there at now But if you really like you said look at that they haven't been going anywhere Look, so at one point that's amazing actually so at one point they the Swiss was a dollar eighty to the dollar Yep, wow and then 2000 happened, right? That's having it seriously quite a fall off from that level. Yeah, holy cow right that's That's men the burgers then must have been worth the fortune. No, no, it's just the opposite, right? So a dollar eighty Is it dollar eighty to a dollar is that stronger a weaker Swiss? That would be weaker. That's weaker. Okay, so so the burgers will so now the burgers are more expensive Right, right. Oh my god. Yeah $50 for a big Mac over there, right? You know, I'm exaggerating a little but you hear the stories the stories the stories are pretty amazing, right, right, sir Sure So what else do you think we should be looking at in the next couple coming weeks? Yeah Actually, I got a trade for you. It's setting up. Yeah, New Zealand dollar. Yeah, US dollar trade If you look at that chart they stamped below a few days ago and then over the past few sessions the past two days They settled slightly higher just a little bit and today It's flirting with just being slightly negative slightly positive Also, if they can get a slightly positive close today and then tomorrow if you look at where they're near those lows If they can take out that low from three days ago with a sell-off which is possible with some numbers They're coming out tomorrow. There could be some action in that market actually all the currencies So if the bears come out and take that out tomorrow, then you're probably looking at an extended bear trend for probably the next week Or so maybe even two weeks So you can really see it take out some heavy support levels that yeah, and I can see Going back there. So it's 67 going back there. What in December of January 65. Yeah That's this whole currency market is so intriguing man. It's a lot of variables. It's always a trade somewhere. Yeah, yeah now The the Chinese won though. That's not tradable, right? Is that because they have such controls over it? Well, no, you can there's there's FX products on that you can trade the wine. Okay. I just curious. Yeah, pretty wild I would I'd stay away from that no for sure I would I just wanted to know more than anything. Do you know me have an inside track in the Chinese government? You know what's coming? No That'd be good, right? That'll be the ultimate listen folks You can check out Teddy every trading day for X dash trading dash unlock calm Teddy You have a great week safe week I'm sure you're later that spring up there. Can I look out like Michigan get a little bit warmer for you? Absolutely. Have a great one man. Have a safe one. Thanks Teddy. Thanks Teddy stay right there folks Tell me I come right back. We have the now industrials down 14 as except 38 S&P zero five and a half come right back