 Welcome back folks. I'm down right now up 130. Now it's like a 45 S&P's up 16 and a half Let's go over to our men mr. Teddy cakes that as we do each and every Wednesday at 40 past the hour You can reach Teddy every trading day folks at Forex dash trading dash unlocked calm Teddy cakes that what's going on brother? Oh We have a heat wave in Chicago. That's what's going on. I think that's the greatest news of the day That's a beautiful big man, right? It's it's about time right quality of life is living man. Totally you're in the middle of March That's that that totally makes sense. And what's a heat wave man? Would it 45 today? I think we're gonna be 55 degrees Oh, that's a heat wave for sure man. Yeah, it's time to get zero just a week and a half ago. Yeah, that's great Wow, that's a little windy city. That's a heat wave for sure. That's definitely heat wave so, you know We're going through the Brexit deal like Finally the euro got a little movement, you know, we haven't had the euro get me movement this pound man You know like the bottom line is that at like it tell me he's talking about a little bit earlier It's like every vote you can just buy the pound. I mean after it collapses. I know That's the key part I agree. It's almost like it's the five-dip scenario with what's going on right now Yeah, well, you know, it's so cool like this is a really Big deal. There's no doubt about it But the market is saying like Boris Johnson just come across saying that there is gonna be a deal before they get out and they're getting out But the market is saying that was not gonna be a hot Brexit. That's all I'm looking at. You know, I completely agree But you do see a little bit of fear every time that they say, oh, maybe there might be something we're not sure of, right? And I say, okay. No, no, no, it's not yeah, right. Yeah Well, I think what I think what the markets doing gentlemen is kind of discounting the news Whereas the news is sensationalized. I mean, what is it? What are the Europeans had to talk about now except for Brexit? Yeah, you know, right. So and I think that I mean, we know that there's three key votes that they're gonna have next week If it doesn't work out properly, whatever things may get extended, whatever. Um, the reality is Brexit's gonna happen I think that the news sensationalizes everything a little bit too much about it and the market is showing you that Hard Brexit soft Brexit Brexit's going to happen and like we've talked about before like If the politicians may not agree on things from one day to the next to get this thing smoothed out But the trade is not going to stop the UK is not going to stop trading with the rest of the EU and vice versa You know, like everyone's not on hold they're gonna keep on going and I think you're gonna see them as Time goes by next week and into the following weeks that that's pretty much what they're gonna do is say that No, if we can't make a decision Nothing is gonna change except for the fact that the UK is maintaining their sovereignty and they are definitely Breaking away as far as policy and things like that. Yeah, you can see it. Yeah. Yeah, there's no doubt man There's no doubt. That's what it says every time that palm trees higher man 132, right? I mean we're sitting right under 13187 right now. Yeah, and the dollars is kind of an offer right now, too So it's making this lift in the pound in the euro. I mean right now all your majors are gaining against the dollar All right, we had spy signals on a couple days ago and sell signals to you know support this Our targets were hit over the past Yesterday and today so and if you look at like the euro it's spike low below 112 last week Now where it's at. It's really at the bottom of the support range Well, this bit basically three dollar four dollar range has been in for months, you know So this rally in the short run it looks nice, you know, especially if you got bought this dip But I wouldn't be a major bull right now, you know And the euro versus the dollar because there's no reason for it to accelerate right now Like up to like the 120 area, you know, but you can see it back around 113 114 But then pull back on any given day a buck, you know, it seems like the sell-offs are definitely harsher Yeah, yeah, they we have the shot right up now, Teddy You can see the cell stuff. Well, what's interesting though, right? Is that you definitely the euro broke down and it came back inside that range. So it's like, okay, you know Why you know what I mean? That's the other side of it. I think you know, it's like, okay And then are you looking at the low from last week how it spiked down like this was a very heavy sell-off day And then the next day you could see that it was just started to get absorbed. Yeah, and it was just overzealous spike Yeah, yeah, I mean that's quite a spike right one 1320 to 111.77 but then yeah, we're right back up to 113.20 almost around 1307. Yeah, exactly Yeah, exactly and you know that could be because the algo is really running the stops, you know that really could have been a move That was just you know in today's world That's why I don't you can't fight against the machines and you have these spikes They're kind of erroneous out of nowhere where here it looked like the end of the world and everyone was preaching at the end Of that day like the euro is finally gonna start getting slammed and then look what happened Back into this rain Yeah, so hey, what do you think the yen, you know, it's hanging above this 110 we're at 111 it seems like it's just hanging there Right. The yen is just like it kind of looks like it wants to be a bull It looks more I think it's more neutral than anything. Okay, and it is 112 Psychological area seems like it's a really big resistance area to breach, you know, yeah So and I think they're really watching the Nikkei and I think this with what's going on in China Like we talked about with the Wan and things like that and since we know there really is not going to be any major News with this going forward. I think that the yen is pretty much limbo. Okay Because look at what's going on with the dollar right now We have the pound every currency is making a big move even the US dollar Canada The only two that aren't doing anything is the Australian dollar US dollar and the US dollar yen Both in the same trade zone both that are hanging on all these same different like, you know As they're reassessing how to balance trade throughout Asia So I think that that's really what you're seeing with those currencies is that unless there's a reason to rock Japan It's kind of stable and same with the Australian dollar, you know It's kind of going to be range trading and not really excessively moving Yeah, so it's the it's the euro and the pound that's running everything right? That's what you're saying Which is kind of cool. Yeah, I mean right real estate. I mean it's kind of then there's also member We've been watching the US dollar Swiss. Yes. Yeah, they it finally gets back I think it's only about 50 cents above parody. That's when I looked at it before we went on there Okay, so it's heading back towards parody and that's when he hits parody you're probably gonna see that's why I said these other Markets they've got this little run give them a little more juice The Swiss hits parody and then if it holds there and bobbles around there We go more to it back into a wide range trade again and all those currencies for probably another week Telling the man, you know right right now I mean you've been doing this for a long time in the currency market But it really seems to me that these currencies are really running the market to and I that it the correlation is Is kind of wild because sometimes like if the dollar is going up or down The correlation of the marketplace is not as direct as it is right now Because it seems like when that the dollar starts pulling back our own S&P for some reason doesn't like it So I was like, okay Why are you pulling back? It seemed that the companies would make more money with a weaker dollar, but my right? You would think so. Yeah, but market-wise it does it's doing a little bit different right now So it's gonna be intriguing. Although we have Boeing. We have the Boeing incident Oh, yeah, we're definitely aware of that news in Chicago. So I mean that's really hitting that the S&P index No, there's no doubt and that's right because Boeing moved from Seattle to Chicago. What five years ago something Okay headquarters in Chicago now. Yeah interesting, man And how much is their stock down just in the past week? Big big dollars, right? Yeah, I mean Everything else was up the other day and the S&P's were down because of Boeing, right? Yeah, no doubt Well, listen, man, you have a great week safe week appreciate the update Teddy Enjoy that summer. We'll see how the Brexit vote goes and talking about it next week. Awesome. We look forward to it Listen folks, you can take care You can reach Teddy every trading day at 4x-trading-unlock.com stay right there folks Tommy and I come right back