 Let's go over to our man Mr. Teddy cakes that and Teddy folks can be found every trading day at Forex That's trading desk on lock.com. That's Forex that's trading dash unlock.com. Teddy cakes that what's happening, brother? New year's looking forward to seeing how the dollar settles today. Yeah me too. I like it. The dollar's getting destroyed sell it maybe sell it So we need your advice Teddy tell us what's going on I just said to Tommy a little bit. I thought you I thought we were talking about that's on Thursday But I know you're gonna be doing a show on Thursday, which is just fabulous. Okay You're gonna he's gonna be two to three Eastern stand-to-time folks. Teddy's gonna do Dave White show. So we really appreciate that man Hey, we finally get some movement in the dollar, right? So just where do you want to start? Well, I'll tell you what the dollar index is exactly where I want to start cool, you know back in October We were looking we got that one-cell signal and then we had a little bit of a Retracement the dollar seemed to have some strength in November, but December we didn't get a Christmas gift for the US dollar Didn't we know no we didn't and they know I don't think that the market's gonna turn around too much today I don't really can't see a big rally. I mean anything can happen, right? That's gonna happen today So but I'm actually negative the dollar and not too extreme But I can see that the next three to six months maybe even 12 months that the dollar is gonna be under pressure So and I think that that's gonna give a nice little bit of a lift to the Euro a little bit, but not too much I think that's gonna be very oil related. Okay. I think the pound is definitely gonna have a chance at exploding to the upside When you say that the Euro would be oil related. How does that work? Okay Well, if you've noticed that obviously over the course of 2019 oil has had a big rally Yes, hey now the Euro The US dollar is considered the petro dollar globally, okay? Decades but over the past literally 10 years and especially over the last five years You have more and more where the Euro is becoming a petro dollar. Okay for ever reasons whether it's you know Even the Chinese when they buy oil or in other countries. They're not using US dollars. Yeah, so that's a demand for the Euro So now we have the today was really interesting was watching some of the broader indexes where we're at on the year I mean everyone's looking at the US growth being like wow 30% growth. This is amazing. You know, it can't happen again next year Whenever we don't know about what's gonna happen But there's been a very interesting lift in both Europe and in China for the broad-based index for their economies They're up over 20% this year. Yeah, that's it. I was looking at Shanghai Shanghai looks like it's gonna bust top-side the big way Man, I did the not last night the night before man that the that's getting up to the top of the consolidation Yeah, right now. This is all now gentlemen. This is all in the wake of trade wars, too How is it that China is up? 23% over this year in the wake of all these tariff blah blah blah Yeah, and everyone for a year has been saying doom and gloom. It's gonna crush our economy It's gonna crush the Chinese economy and the net result of all this stuff is that Asia's booming China is actually doing well in the wake of this tariff stuff, you know And Europe for some reason too, which they've been screaming recessions for a long time now not necessarily Germany Germany has its issues, but the European Union as a whole even in the midst of Brexit and not Knowing any clarity on what's gonna happen with trade. They're up 20 some percent on the year, right? No, no, there's no doubt man. There's no doubt, you know The these currencies I know we talked about this before but it's pretty amazing like To me that you know the dollar has broken this uptrend that we've been in since February of 2018 I mean that that's 22 months That's that's pretty intense, man And you know we'll we'll see you know if bottom line if it wants to go to the bottom of the trend That would be really intriguing and I and I you know Folks when Teddy was just talking about Europe going higher now This is what does happen if you're thinking about the old our own S&P If the dollar goes lower our S&P can actually go higher on price It doesn't mean that you buy more because it's priced in US dollars. Okay, which gets really intriguing doesn't it Teddy? Do you know what I mean? It's like okay Yeah, so it's intriguing how this works because I was looking at the gold contract yesterday and The gold contract it's only in US dollars that we really haven't broken highs I mean the euro broke the high the The Australian dollar made me forget it's it's way higher You know and so that's intriguing in itself that it's a US dollar itself that hasn't been able to break that is that 2011 high Right. Well now it's funny. You just mentioned the Australian dollar and gold now what let's just say Hypothetically right that right now the economic engine globally just continues on pace for the next three to six months Yes, the Australian dollar if you look at I was looking at the monthly charts before I came on with you guys Yeah, see, you know how things are really shaping up now the Asian trade zone because the tariff wars Which we just talked about had definitely been suffering for a little bit especially Australia because we noticed in 2008 and just like over the past year how they have all their eggs in one basket Okay, but now that we see that China is actually not doing as bad and Australia is starting to spread out their commodities are moving again. So we start to see a spike in the CRB You know, that's gonna start to really accelerate things for the Australian dollar I think you know because right now it looks like they have a really good chance of getting it I mean they're in a rally right now That's evident But I think that you can actually see this momentum Continue and also in that trade zone because it's not gonna come out of the yen It's gonna come out of the New Zealand dollars to come on an Australian dollar and definitely your minor crosses that no one really looks at in Asia You know because the trends got different factors Yeah, no, it's a big deal and what Teddy's talking about folks is Australia is a commodity country So the bottom line is that when commodities take off this takes off like a rocket ship, man There's no doubt and in fact, you know, Teddy what was interesting is that in 2011 when gold was hitting highs Folks had a high time understanding why the Canadian companies Basically still weren't doing that well meaning the gold companies and it had to do with folks is that the Canadian dollar got so strong That's you know, that's the other part of the equation, which you know Did the lead up to the next thing about with this whole commodity thing with mention in Canada If you look at the US dollar Canada, yes It's tanking right now and that's because of the commodity strength And like I said, this is kind of a ripple effect by these different countries where the US dollar the There's milder currency crosses like the Canada and the Australian and New Zealand. They're becoming big bulls Yeah, and if you look at the US dollar Swiss on it's been trading basically between Parity of 04 down to about 98 cents for the past like few years Okay, that's like year and a half two years right and now it's slamming down to this 97 cent area It could be down like literally 92 to 87 cents within the next like eight months to 12 months at the dollar index It's a it's a really big slide It's pretty cool man because that's a lot of opportunity out there for trains I mean, you know when you when you had big turns in the marketplace, right? I mean the bottom line is that it's it's It's not necessarily the very beginning of that You like to trade them, but the fact is that That's where the biggest chunk is that you know if in fact, this is a big turn, which I think it is You can see all those different trades lining up man. I mean, it's like, okay, you know We know that in a bull market you can make mistakes, right? I think you're we're hitting a very big cyclical turn for a lot of markets. Yeah whole sack You know pretty cool, man Well, listen Tommy and I wish you a happy new year great 2020 We look forward to the show on Thursday. So Thursday right here folks. I'm in Teddy cakes that he's gonna be on two to three Right before me. Teddy have a great one. I say for my man. Absolutely. Thank you. Thanks, Teddy. Happy new year