 Let's jump over to our man, Teddy Kegstad. We talk to Teddy folks every Wednesday at 40 past the hour. Put it on your calendar at 9.40 a.m. Eastern Time every Wednesday. You can reach Teddy every trading day at his website, forex-trading-unlock.com. Teddy Kegstad, good morning. Good morning, Tommy. So we got volatility in these markets to say the least, Teddy, quite a week for retail, but jumping around to forex, we have a little bit of a reversal maybe in the dollar. We have yields back to 2.73% this morning. What do you think about this market? Well, right now I think we have a nice little corrective rally going against the dollar. I think it's possible to get edge a little higher, and one of the main reasons is the Treasury bond market. We know that right now the 10-year and the 30-year have been trending higher for the past week and a half. Interestingly enough, the 30-year bond had a reverse head and shoulders that it broke out of last week. Over the past couple of sessions, it's been trying to push resistance a little bit. Right now, if that head and shoulders pattern is really true, we can still see a little bit more upside potential in interest rate pricing, meaning a little pressure on the dollar also with that variable. I think that the markets are getting skittish because when you really see how much the dollar has corrected when it has, over the past few months, it hasn't corrected very much. So I think we're kind of at that little friction point right now. Yeah. When I just take a look at it on a six-month basis, I mean, quite a little pullback what we have, almost up to 105 in early May, and we're sitting at 102.27. That's the DXY, the Bloomberg Dollar Index. But that's coming, as you say, from a price point of 96 in almost March. Yeah. Not really a pullback. I love Fibonacci levels, and I don't even have to put a Fibonacci level on that. Even to the 382 in terms of a real pullback of still a bullish run. Breaking down the individual pairings, where can we start off? What are you looking at this week for the individual pairings? Okay. Well, interestingly enough, the end that I've been a bull of for a very long has had a pretty nice correction over the past, like especially weak or so. I would be careful at these levels being a seller. I'm not saying that we haven't seen the low yet, but we are kind of bottoming in there, especially with oil poised to break out to the upside. You've got to realize that the second the bonds turn and the 10-year turn, even on a daily basis, you see this knee-jerk reaction in the US dollar-yen trade. So I think that as the interest rate trade starts to give a little relief, meaning the rates are going short-term lower in the market rate and higher in pricing, I think as that starts to nudge up against resistance and pullback, you're going to see a big snapback in the US dollar-yen as well. So I really do believe that if oil does start to break out to the upside, we're in front of a holiday weekend. There's a lot of reasons to be more bullish oil than not. And if we can break out, I mean, right now that we're wedging, if we challenge that 1.16 level and get above 1.16, well, I can't see how the US dollar-yen wouldn't explode to the upside. So on the Euro-US dollar trade, I would use caution at these levels because we already hit our short-term daily target. We had a buy signal about a week and a half ago, but we had a weekly buy signal that was finished yesterday, or not yesterday, last week. And if that level runs out of gas, that's why I was mentioning the head and shoulders and the interest rate market because these coincide with each other right now. So you have the rate pressure going down, meaning up in price and the dollar pulling back, but it's very, very sensitive. We have a lot of inflation numbers that, hey, we were talking about this months ago about how the lag is there, and now people are accepting the fact that, well, we're going to be talking about inflation six months from now still. And I even heard you earlier about people's choices. Like a target, yeah, maybe you can get a good deal on a patio set right now, but people aren't going to be buying patio sets right now when they're spending $6 a gallon for the easy one. That's half choice, right, for sure, yeah, for sure. Hey, we got a caller, Teddy, all right? Let's jump to a caller, if you don't mind. We got Jeff from Philly and he wants to talk a little New Zealand dollar. Jeff, good morning, man. Thanks for calling in. Hi, good morning, Tommy. Thanks for taking my call and Teddy, thanks for taking my call. This is a little bit of an obscure question, but I've been trading Econ News and FX for about the last four years and I saw something last night that I've never seen before. There were two very strange price actions and I wanted to ask you if you heard anything or just had any comments on this. So what I saw was there was a rate decision coming out in New Zealand at 10 o'clock Eastern time, PM, and three minutes before the news came out price started dropping. The New Zealand against the US dollar started dropping. Now I've seen sometimes news releases come out a little bit early, maybe 10 seconds, 30 seconds, most, something like that, but this was three minutes early. I saw the price started dropping and but then exactly at 10 o'clock when the news release came out, it shot up like crazy. It was a huge move and actually I made a lot of money, but it shot up in the opposite direction and the weird thing about that, I mean, in addition to the early price drop for no apparent reason, is that the forecast for that rate decision was 2% and the actual was 2% and 2.00%. I mean, precisely the same. So when I see big price moves like this, it's in response to some kind of a surprise, but I mean, it's gonna be less of a surprise. It exactly matched the forecast. So to get this huge move without a surprise and to get the price dropped in the opposite direction a little bit before the news or a few minutes before the news, those are two very strange things. Well, it is and it isn't. You gotta remember when you're trading a news event that's very typical. So I mean, especially in today's algo world, so I would assume that probably right before that number, you have a lot of liquidation where a lot of algos will actually shut off because they don't wanna trade the number because of the noise that happens during those moments. I mean, like you said, everything came out as expected. So now I think one of the biggest questions you have to ask is besides the knee-jerk reaction on just the volatility of the number going out is what are the expectations? Are they gonna continue to follow suit? And I think that there is an interest rate war going on now with all the central banks. It's a matter of who's gonna catch up to who first, except for like Japan where they're not doing anything when they said they would. So I think that that's where you're getting these little reactions right now, but you get the expectations no matter what for New Zealand are not that good. So we're raising the interest rate where you would think it would help support their currency more. I mean, right now the New Zealand dollar isn't an upside correction. I view it as a correction, especially because their lockdown measures are very severe and still coming back again. So there's a lot of reasons why their economic numbers are gonna be very poor moving forward over the next six months. So that's gonna weigh on their currency. So and we know that they just pop their rate. Well, we're gonna pop our rate again in the next few weeks, no matter what, at least, and more likely over the next few months, we're gonna pop our rate more than theirs. So I think that that's why you're seeing this kind of a reaction that you're looking at that happened. Okay, great. Well, thank you very much for your insights. I appreciate you taking the time. Jeff, that was a great question, man. Thanks so much for calling in. All right, thanks, take care. Teddy, I appreciate the update as always, man. Have a great holiday weekend and we look forward to chatting you next Wednesday. We'll see where Crude is following Memorial Day, man. Hire. It's gonna be surprising, man. Thanks so much, Teddy. I appreciate it as always. Okay, you too, man. We'll talk to you next week.