 Man Teddy kegs that folks you can read Teddy's Tiger Forex report every Monday when he puts on a new issue along with updates throughout the week when warranted you come on over to the newsletter tab at TFNN click that subscribe button it's $97 a month folks you get a 30 day money back guarantee you can sign up for it while you listen to our man Teddy kegs that and you gain access to the archive of the webinar Teddy just did last Wednesday and boy we got some currency action this morning to put it lightly Teddy kegs that good morning good morning Tommy boy where do you want to kick things off man we're in some earnings season but boy dollar index I was jumping around to some of the pairings getting ready to talk to you this morning and pretty interesting when you put them a little longer term just the divergences you've been talking about in terms of where those pairs are versus just the dollar index where do you want to kick things off this morning Teddy well we have to start with the Japanese yet tomorrow we have a rate decision and finally there's going to be a raid hike so we had the new leadership at the BOJ and we've been waiting for we've been talking about this literally for half a year you know as they were transitioning and where they're going to finally do something because they haven't done anything for you know ever so now is it a big deal not really I think the markets already got it priced in so I think that's one of the reasons why you are seeing a little bit of a bearish tone on the US dollar Japanese yen today one thing you have to really pay attention to the dollar index today is that you know it's the euro that's driving this the euro is making new highs today it just recently broke out to the upside this morning and this is this is something that I think is a head fake rally you have to look at the other currencies as far as most of the bat that the major pairs that are not as strong as say the euro and the pound and what have you they're actually down you know so or flat so that's something that you have to really you know pay attention to you know the British pound is something that also is you know right now they're not making new highs even though they're higher on the day we have a head and shoulders pattern forming you know you also have the same thing with we have a rate decision coming up next week as well we have a hike that we know is going to come most likely a quarter point so and the bonds they're rallying the 10 years are rallying right now also all the interest rates yields are pulling back you know because the you know the consensus is is that the Fed is going to be done after the meeting next week and I don't think that's going to happen yeah I was walking through the charts as you were talking about them pretty interesting moves you mentioned the euro pushing highs I pull up the dollar index yesterday man we almost push 102 on that acceleration we just got you basically just almost hit 101 but as you mentioned pretty interesting that we have higher price and bonds lower yield I was looking at even the tenure I know you love the 30 year as well but that trend I mean there was no movement like we saw in the dollar index yes we had some volatility yesterday but nothing like what we saw in the dollar index in terms of we it seems like yields just continuing to drop here how do you make sense of that Teddy with the Fed because I agree with a lot of what you say and right now we're seeing those numbers continue it looks like higher price lower yield like you mentioned as we come into a Fed hike probably a week from today okay well that's actually something that I can I do have a theory on the market the market the market is always correct you know I'm sure you would hear on certain other places that the market's getting it wrong right now no the market's getting it right because the market pricing is coming because we have a banking crisis you have all the central banks that are providing the liquidity and they're buying up these assets because remember they are we don't get do-overs in the regular business world the banks are getting a do-over they made incredibly horribly stupid decisions buying treasury the treasuries literally a year ago so now the Fed is buying them back at those prices meaning they get a complete do-over it's a reset so if they're buying assets that it did a bit of discount they have to unload them eventually so right now that's why they have a coalition of all the central banks are pumping up our debt market right now because they have to dump them and guess what yields pricing will have to go lower even if the Fed was to stop raise raising rates we're at a price point that's it's out of but it's out of whack markets always correct okay so and that's something that I think we're seeing right now if you look at the 30 or the 10 year you have head and shoulders patterns forming just like you have in the British pound the euro is breaking out to the upside next week we have our Fed meeting if we don't take out highs if the dollar doesn't get crushed and if yields don't keep on going down well they're gonna snap back the other way which means we'll have a violent move to the downside in yields meaning going higher going into next week then what would that do for the dollar that would be very bullish for the dollar versus currencies like for instance the pound you know the yen because their rate decision will be over and guess what they're raising a quarter point tomorrow and then what are they gonna do nothing so so that means that in the course of less than a week we're gonna negate their their hike just in our with our central bank alone you know so and I think that's what you're seeing right now is this really tug-of-war going on and the reality is I don't care if you're the Federal Reserve the BOJ the BOE or whatever no man no woman no one entity can control a market and that's what they're trying to do and the markets will always teach you that that ain't working yeah I mean the banking deals pretty intense man first Republic those numbers that they put out in their earnings you don't have to be a an accountant to understand that I don't understand how those numbers work going forward when everybody just wants their money back rightfully so I mean who's who's choosing to do business with the bank like that and that's just the tip of the banks and like you said some of those decisions again you don't have to be a genius folks they locked in you know their businesses they take in deposits right and then they loan it out and make more money on the loan that they put out than what they're giving people for the deposit they took all that money and locked it in long-term at like one and a half percent ballparking but you know that's trouble for sure what do you think about crude we got lower price crude again at $76 down about a dollar right now on my on my chart for light sweet crude what do you think of that action we've got to fill that entire gap from the OPEC plus cut you you got that you said the word right there the gap and the Tiger 4x report readers know that I was saying you know the old trader adages all gaps get filled we've been talking about that you know since they broke out to the upside a couple weeks ago and that's what they're doing they're filling the gap I think it's going to stabilize for a little bit overall on bullish crude but I think yeah I think that the gap needs to be filled and then after that we'll see a little consolidation and then just get we're waiting for the next the news event if you will whatever I'm sure something will come out from OPEC or somewhere around the world about that and it'll cause a spike in oil again I don't see us going into summertime with crude oil prices going down especially as demands going to be higher. Yeah especially when you know you got OPEC plus that is an active player to put it at least with some type of sand in the ground and line in the sand in terms of where they're comfortable with that price Teddy real quick we got about a minute left could you let everybody know because I was listening to that webinar you did last week it was a week ago today and you did just a tremendous job walking through the pairings and what you were looking at can you let people know when they sign up the archive what you talked about last week that they gain access to. Sure thank you about that by the way yeah we talked about the central banks and what's moving forward how they're interacting with each other and the outlook of how they're going to behave over the next three to six months and also a lot of the divergence in the currencies you know we've been talking about this for six months and it's really becoming not just relevant on a daily basis like today where you can see it but just moving forward we have the whole world is splitting apart we have we're on this side and you're on that side kind of thing happening and most people you know we look in the United States like you know there's king dollar and our markets are the real thing but markets all around the world and they're starting to take a lot of strength. I just thought it was great how you went kind of market by market and broke down the influences on each currency pair check it out folks under the newsletter tab Teddy thanks so much man we'll talk to you next week okay sounds good okay stay tuned folks one more segment