 The following is a presentation of TFNN. The morning market kickoff with your host Tommy O'Brien. Good morning everyone. This is Teddy Keckstaff from Forex Trading Unlocked and I'm filling in for Tommy O'Brien today. So I hope you guys enjoy the show that we have planned for you today. So we're going to start right away into Forex markets. We have the forex-trading-unlocked.com website pulled up today. Oh, hi. How are you doing? I've got some people in the chat room right now saying hello. All right. So we have the euro US dollar chart pulled up here for you. As you guys are pretty aware that we have a lot of interesting things going on with the central banks and other fundamental markets to drive currency pricing. One thing that's very noticeable that you can see right here with the euro US dollar is that the bears have complete control over this market. So we've had a little bit of a consolidation over the past say a week and a half, but you can see that's the end of April and to May. And we're trying to break out. We had this lower and high that was set last week and we just seem to be getting more contracting range every day over the past few sessions. So economic numbers are something that you're going to have to really watch when it comes to the US dollar moving forward for the EU and also for a journey explicitly. Their economy is contracting the faster than ours is. And you think if you see this trend continue, you're going to see the euro US dollar get low pay rate in the relatively short term future, meaning like probably the next two to three months, definitely before sometimes over with August. So there's a big strangeness as well. We have the high price and bill and we also have obviously finding interest rates higher in the US. So the fact that our central banks being much more aggressive than these are over the EU will continue to support the dollar. So the dollar is not necessarily a bull but I want you all to be aware that it's just that most of our currency process out there are that weak against the dollar. So if you notice, we have this downward sloping resistance line that's keeping the channel intact. And when we tried to break out to the upside and failed, you could see that momentum was so strong that we couldn't get up to this upper part of the channel. And we had an area that's basically $1.07 to $1.756 as a retracement area. They have a kind of nice profit taken like correction if you could manifest that. We didn't have enough strength to have that happen. Remember the dollar index obviously is pretty strong right now. Euro being the number one point is the one thing that's really driving. So this is also causing the dollar index to be a little choppy as well right now. Consolidating because you look at this chart. It's almost basically an important chart right now. We do have a lot of action today in the other foreign currency crosses. We continue to move on to those as we get through this program. And if you have any questions about any of them, just please be feel free to do something in the chat. I'll try to some of them as we go through this. All right, so as we go, one more thing about the Euro US dollar. Want to take a look at the month real quick. OK, if you look at the month, you can see how devastating of a slide we had last month. OK, now the war in Ukraine is being definitely on this market. You can see that in the past two months, this market has gotten much more volatile and really starts to probe support, support very, very hard. This trend, I would like to continue over the next few weeks, a few months. And so we start to see some sort of at least calming resolution between Russia and I, when Zach, I don't know, starts trading outlook. I'm keeping in your focus. These trends are going to gain and tap at least the next few months because we don't have any signs of any reprieve right now. So is the damage done already for this market? I think that initial shock of conflict is definitely already factored into the Euro US dollar. The main thing you need to really focus on now, the economic numbers, both for the US, but also predominantly for the EU and especially for Germany. Because as these continue to trend over, I think you're going to really see a lot more pressure. OK, now, how far can we go? I think it's definitely a shot to get to that. I would expect to see a lot of volatility and a lot of balance. I think you're going to find it's really too clear. I think you're going to have a spike bottom and I was see a radical really. So kind of like we stuck back to the COVID at that pandemic actually first started. OK, so this is something to be very mindful. We have a little bit of divergence that is going on in the process versus dollar. However, in the past couple of weeks, the diversions to start to wane. So and if you guys any questions about what that means as far as the currency process that you are treating, please put something in the chat and I'll address that. So when it comes to these factors, you have to think about something like when are the impacts of central banks to help their currencies? Especially because the euro right now is trending a little. So that's being demand. Is it such a big thing for the EU that the was now trading no five year for 69 years? I would say that it doesn't mean that much in the short run for this particular currency, because the euro is still relatively strong. Now, if you take a look at something like the U.S. South again, which is that too, and even the way the pound is selling off recently, that kind of magnets is a totally different store. And if that's the continues over the next week or two, then that's a very big indication that trends are not even over. But they're this acceleration process is to start to really have both sides into many of the markets, especially equity markets, commodity markets and all kinds of out there. So just be very mindful of the forward as we head into some time because these things are really going to start to grow. So remember, most indicators and most numbers are lagging. So I already know that the numbers have started to show the past few months and now it's getting to the summertime. It's a fresh thing. We know that there's a stab, which is part of the momentum for these things. Let's see if I can adjust this a little bit. Maybe that helps it a little bit. So I know I have feedback from my audience, so I don't know what it has come to us. So but thank you for pointing that out. OK, so for the U.S. dollar right now, you can see that the range is really tight today. Take the hour real quick to see that since coming to the U.S. Mark opening and stuff like that, you have a little bit of volatility. I think right now you have the help of sticking up. We'll see what happens. We've got some real numbers to impact things of the way today. So I'm very mindful of what you do because as it does, really, as they're very likely that you're going to see your U.S. dollar travel problem and we're going to break a couple of minutes. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns, you can take advantage of. Sign up for the Fibonacci 24 seven newsletter at tfnn.com. 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Okay, well, I hope the mic is better now. I think we may have flexed it. I don't have the feedback in my audio. So hopefully you don't either anymore. All right, so Kevin's not on the line yet. So we'll just go back into what we're talking about. We're talking about the FX markets today live right now. We're the British pound US dollar, which is also like the Euro, kind of having a restricted tight range. We will get to some volatility. There's some stuff going on in a couple other crosses. But first, let's cover what's going on in Europe. So British pound US dollar also in the bear market. There's just as we were talking about with the Euro, you have to pay attention to the economic numbers in the UK. They have a lot of issues similar to what the EU does, not as much as the EU, though. Remember that because of Brexit, the UK sovereignty now is definitely helping to make them and their economy much stronger than the EU is. And there's certain variables that don't impact them, especially the energy costs. Well, the energy cost pricing definitely is impacting them. But as far as the availability of it is not because the UK is actually an energy provider. So the price of oil going up is definitely helping to in somewhat lessen the below of the depreciation of the pound versus the dollar. Now, interestingly enough, I had a conversation with some people from the EU and also the UK over the past weekend and both of them. I asked them, I'm like, do you think your central banks or your governments are going to do something to defend your currency? Now, like I mentioned in the last segment, the euro is not really, even though it is in a bear market, it is not at like horrible levels. If it was another 20 handles lower, I would say, look out. Oh, Kevin is here. OK, all right. All right, Kevin, how are you doing? Welcome to the show. Glad they got you on the line. And why don't you talk to the viewers and tell them what you want to talk about? Good morning. You know, today's market is really consumed by the CPI data that just came out that showed a couple of things. You know, you saw the violent reaction of futures when that CPI data come out. That's a couple of reasons. CPI overall inflation was lower than a month ago, but it was higher than expectations. And that caused a pretty violent reaction in stock futures to start the day. Now, what made this number a little stronger than expected? Well, it was looking for point two. It came in point three. That's significantly lower than a month ago, but higher than expectations. Some of the numbers actually it was pretty positive in terms of energy, energy down 2.7 percent. Gasoline, a part of that was down 6.1 percent. Used cars were down point four, but new cars were up 1.1 percent. And here's the number that was historic. Transportation services up 3.1 percent. What does that mean? Airfares up 18.6 percent in one month. That's the largest one month increase since this number was started to be measured in 1963. So all things where we sit today in this economy, it's airline fares that are hurting inflation. Overall, though, it was the core number that came in higher than expected and higher than a month ago, even though the year over year came down from 6.5 to 6.2. So that's what this number is. That's what these markets are dealing with right now. The original reaction, like I said, was violent to the downside. But remember that is high frequency trading, getting the expectations, getting the actual number, selling futures off violently. We live in a microwave world right now, and sometimes you've got to let these numbers bake. So we're getting a pretty solid recovery here in futures back towards unchanged. Now they're still down, but some of the futures have come back pretty significantly. This day is going to get interesting, guys. I totally agree with you. I mean, it's kind of funny. We just in the last segment started talking about the Euro and I'm going to start talking about the pound. They're actually not too volatile today, but the yen has been all over the place. And especially in the past couple of hours, it's made some radical moves. And there's also some significant breakouts also in a couple of other currencies too. So I'm with you on that one. I think as we start to get through May and head towards summertime, we're not going to settle down into summertime lulls. I think we're going to really have a crazy summer when it comes to market activity. Yeah, I agree. I mean, like I said, this economy, I believe that inflation has peaked, but we're not turning a speedboat around here. We're turning in an aircraft carrier. And it's just not as easy to flip these markets as it was. Things are going to get lumpy. We could certainly use some help in energy and computer chips and all these things that are creating some of these problems and new and used cars and energy. So you think inflation is pink? This is going to be a fun summer. Okay, so you think inflation is peaked though? I do think inflation is peaked. Jerome Powell thinks the second half of the year you could see some lightning. Obviously the war in Ukraine is going to decide this. Grain prices, right? It's still been a wet, cold spring here in the Midwest and that's affected planting. Oh, I know, I know, I know, I know, I, it's right. You can't plant, right? Right, exactly. You don't, you want, you don't want dry, but you don't want really, really wet in terms of planting. And this is such a vital time in terms of getting corn and soybeans in the ground. Well, and the ground temperature was also so cold too. It just started to warm up literally days ago. You know, that was another problem. The seeds wouldn't have germinated even if they did plant. Right, exactly. You need, you know, I mean, seeds are pretty resilient, but you still need good conditions to get them in the ground. And we've had a horrible, cold, wet spring here in the Midwest. Right, right. Exactly, exactly. Well, I agree with you, especially with the car markets. I mean, you know, just a couple of months ago, all the dealership lots were empty. Now everywhere around me in Chicago and they're packed, they're completely packed. So if they're charging excessive amounts I'm used or new cars, whatever, then I don't know where that's coming from. Cause they're inventory, they're starting to sit on inventory. That's for sure right now around our area here. They're getting more inventory around the Chicago area, but I have a friend in the car dealer, they're still not back to where they were. They're still only about a quarter of what they were, what they're ordering. So things are flowing out though. That's for sure. Things are getting better, not correct. Right, right. They're not empty lots. When you do, I mean, you should, let me, literally you drive past some of these mega dealers and I mean, they're huge lots and then you would just see their building, empty parking lot. So. Big, beautiful new buildings with no cars. Correct. Exactly, exactly. So very interesting time. So we'll see how it goes. I think you're right though. I agree without a doubt, this summer is going to be a fun trading summer for sure. I love it. Business is busy, busy is good. That's the way I look at it for traders. That's when you get the nice trends, especially. Yep, exactly right. And so today on our show fast market, we're going to look at three names, Amazon, Disney, that has earnings tomorrow morning and then Beyond Meat are the three names that we're covering today. We'll look at trading positions in all three of those names. Okay, and Disney, they got hit again yesterday, didn't they? Disney, I didn't see what it did in her day yesterday. Hold on, I can hit that up and tell you. If I remember. When it was down yesterday, now it hit a low yesterday of 106.14. Now it's trading a little bit higher this morning it looks like. Pretty much on trade, it's trading about 107. Still down from the high of 187 earlier this year in our summer of last year. So down significantly. All right, well thank you, Kevin. You have a good week and appreciate your time on this segment and we'll see you guys back in just a couple of minutes after this break. Thank you very much. If you want to take advantage of this sector now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30 day money back guarantee so you have nothing to lose. 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Hello everyone, this is Teddy Kecksteff from Forex Trading Unlocked, and I'm here filling in for Tommy O'Brien's day. We're talking about the Forex markets and we're gonna get into the British Pound right now. As you can see, it's a little bit higher on the day, but it's been a bear for sure, trending lower for the past couple of, not just weeks, but for a few months. So, and definitely the market action over the past week and a half has been quite significant. So, very interesting. We started off the show talking about the Euro. The pound also is something right now that you have to really pay attention to the economic numbers in the UK. Their economy is not exactly off to a racing start, and right now it's showing some signs of where it's gonna start to get a little peaked if not a downright bearish. So, if that's the case, that's gonna weigh definitely on the British Pound US dollar currency cross and the pound versus some other currencies around the globe. One of the biggest factors that's helping to push this bear right now is our aggressive interest rate policy versus their interest rate policy in the UK. I would say that the price of oil, as it does continue to start to go in target resistance again, I would say that that may help to hold up the pound dollar on this slide or at least keep it from sliding too strongly, especially if you start to see oil get back above $110 a barrel. If that's the case, I would definitely think you're gonna find a little bit of price support there. Otherwise, there is one thing in the longer term that just a little interesting side note, I had a conversation with some gentlemen from both the UK and also the EU. And I asked them both point blank, I'm like, when do you think that the ECB or the BOE is going to not just talk about interest rates and stuff like that, when are they actually going to talk about their currency and actually figure out if they're going to defend their currency? One of those ways would be aggressively raising interest rates, something like what the Federal Reserve is doing here in the US. One of the reasons we have the strength in the US dollar right now is not so much because of US dollar strength, it's because of these fundamental factors. Our interest rate policy is much more aggressive than the other central banks around the world. We obviously were late to the table. That's a whole nother issue, but right now we know that at least in the short run that aggressive action is going to continue. Should that trend continue, you're gonna probably see the pound US dollar continue to test support as far as how low can it go. Right now you have the pound at $1.23 issues. It's a relatively strong level still. The euro is the one that's looking like it wants to go to parity faster than anyone else. But we're gonna, as I show you this monthly here, you can see that this thing is definitely a bear. We've been making multiple lows now for the last four months continually on a monthly basis. We don't have quite the sell off like we had last month, but then also it's only May 11th. We haven't had that many trading days left. We are coming into kind of a critical support area if you will on a monthly basis going back to 2016. And I think that this is something you're gonna have to watch out for is that if we can continue to slide, if we get down towards this one 19 level, that's when we start to get very, very bearish on the pound US dollar. And this would also impact the pound versus many other currency crosses as well. So should what would actually drive this type of trend? Well, we know that the economic numbers for the US aren't exactly great either. If you listen to Kevin Hanks just now, we were talking about the CPI and its impact on inflation. He thinks that inflation is starting to subside. Interestingly enough, that would be great for the whole world. Not every country is dealing with inflation though as much as we are and even as they are in the UK. We'll get to touch on that when we get to the US dollar, Japanese yen. So, but right now I would be very careful about trying to catch a falling knife. If whatever you have for buying and sell signals, I always tell people, you know, don't be subjective. Always stick to your guns and your systems, but be very careful with any type of currently like in this situation of buy signal, which is a counter trend signal. The momentum because of not just technical, technical forces are out the window. Everything is oversold when it comes to the pound US dollar right now. But fundamentally there are issues that are not done yet. The Russian, Ukrainian things still does weigh on them because they are part of, you know, they're very close in the European connection there is also for trade. The embargoes that are on Russia also are impacting both the EU and also the UK. So be very careful upside potential. I don't think you're gonna see very much. The only way you're gonna see any real strength, I believe would be is if you take out this last lower swing high around $1.2645. Trading above here would still have it just in an upward correction. I would be looking for rallies to sell more than breaks to buy when it comes to the pound US dollar. All right, let's look at the US dollar, Swiss. This is a very interesting rally, if you will hear. One thing that's very interesting about the Swiss is that it typically is a flight to quality currency. It doesn't look like that right now, does it? This rally is going very, very vertical. And if you look at it in the past month and a half we've only had what one, two, three, four down days with today being one of them and today is not over yet. So the trend obviously higher move highs and higher move lows continues. Why is this so much more severe than what we're seeing with the Euro and also with the pound? Normally you shouldn't see this type of reaction. Well, if you look at when this rally started to accelerate and we broke out to the upside this is when during the conflict with Russian Ukraine that the Swiss decided to break neutrality. Now this is not a moral or ethical thing to talk about. That's a whole nother topic for another day. But as far as what, how did the Swiss react when it comes to anything in the world? They're always neutral, it doesn't matter. During World War I, during World War II during every conflict that we've had in the last 100 plus years they've never ever sided or worked with other countries when it came to going picking sides with what whether you wanna call them allies or access or whatever time period you're talking about that never happened before. This is significant not so much just and how it impacts the Russians and how Russians do business through Switzerland and other countries do with Russia through Switzerland. It also sends a tone as far as the Swiss as far as what they're known for and that is neutrality. So that means now that any country in the world even though they're not in conflict right now with anybody knows that the Swiss are no longer neutral as far as being not necessary. It's not the safe haven that it used to be when you hear stories about people hiding money and whatever making it disappear if you will. It's not quite like that. Those days are over. However, as far as being a place of security and knowing that not only are your funds secure but you'll always have access to them that was one of the nice things about dealing with the Swiss. Those days are now over. So and I think that is why you're seeing this extreme rally with the US dollar Swiss. So what we do have today and I'll be very cautious with this just like I was saying with the pound right now any counter trend signal be very, very leery of and don't expect to get much out of it. I would say that any type of profit taking you have whether it's a selling or a buying depending on the currency cross you're talking about with the dollar with Europe it's going to be tough. You're probably not going to get very much out of it. I would look more for any type of signal that goes with the trend. So currently we do have a sell signal that is forming here. If you look at this while it's shaping up today this is a bearish and golfing line that is forming. If we were to close right now you would have a short-term sell signal. Should we have a short-term sell signal today? We'll get to the break and then we'll come back to this. See you in a couple of minutes. Are you in the market for buying or selling real estate in the Bay Area including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. 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We had a couple of questions in the chat during the break and I'm gonna address them. We got one from Duffy here about the U.S. dollar. So we'll take a look at the dollar index after we wrap up this with the Swiss. So before we leave the break, we were talking about, we have a high-probable Japanese candlestick pattern forming here. This is a bullish engulfing line that is, if it was to close right now, that's what this would be called and that would be a sell signal, short-term, counter-trend trade that would be targeting, definitely a test of this 9706 area in the Swiss. Now, markets tend to go out like they go in. When you look at this extreme rally that we've had, it started just before April and is now trending all the way into now it is almost the middle of May. That's pretty extreme, especially if you were listening in the last segment, we were talking about how it relatively different to Swiss as compared to the Euro and the pound as far as falling apart versus the dollar in the last month and a half. Okay, so if we do fall apart and start to get a nice little correction going on here, the first layer of support here is this 9706. This was our last upward higher move swing low. We now made a higher move high as of yesterday. We'll see, who knows, the day is not over. We could see a snapback, especially right now, the bonds are falling apart and so is the 10-year. They were much firmer earlier today and as we get into the end, we'll talk about what's going on with that. It's gonna also impact the Swiss. So be very careful, as I was saying with the other markets, normally, you would take your counter-trend trades and trade normally. I would be very cautious when it comes to the European currency crosses because the momentum is too hard, okay? So now let's get to the dollar index. Oh, we have a caller, okay, sure. Yes. How you doing? Good, self. I'm doing well. What's your question today? My question is, what are the best ETFs to use to trade currencies? Oh, that's a difficult question for as far as ETFs. Especially in today's market environment right now, if I were you, I would stay away from all currency ETFs. Normally, I like them, especially when you have normal market conditions, but with what's going on right now, I would just totally be hands off on ETFs. Now, what I would do is if you wanna trade the ETFs, any of the currency ETFs, trade options on them, straddles and strangles, I would look for that. But as far as the actual ETFs themselves, I would just stay hands off right now, especially while you have this conflict going on with the Russian and Ukraine right now. That's for sure. Okay, good enough. The reason I was asking is because I don't know how to use options. I use a mere trade, and I've listened to you in the past and I think there used to be things like E-U-O or something like E-U-R, and then it doesn't seem to be out there anymore. So I didn't know if it was doable without doing options and without buying currency, or I was just looking for an easy way to trade them. So it sounds like right now is not a good time anyways. Well, I got a good suggestion for you. If you go to my YouTube channel, Forex Trading Unlocked, I have different channels set up and playlist. I have one for options. I did do a webinar specifically on ETFs and options on how to trade ETFs with options. So you might wanna check that out as a base to start to get kind of on an idea of what to look at and take it from there. Cause there is definitely a lot of opportunity with those markets, but I would use a lot of cautions with the actual ETF instrument right now and look into the options first. Sure, well, thanks a lot. I appreciate it. And if you have a minute, maybe you can talk about oil for a minute when you get a chance. I can do that. Let me talk about the dollar index real quick and then I'll get to oil right after that. How about that? Thank you. Okay, you're welcome. Thank you. You're welcome. All right, so let's talk about the dollar index for Duffy that's out there and then we'll get to the caller's questions. So the dollar index, as you can see from yesterday, we're riding the highs. It looks like an upside down Euro US dollar chart. So the question is from Duffy, is do you think US dollar strength will continue? I do, as long as you see the pound and the Euro continue to make new lows, you're going to see the dollar index continue to progress higher. The Euro is the number one component. The pound is the number three. The yen, which we're gonna get to is number two. We're gonna get to that and show you how I, that also is helping to drive the dollar index higher. But once again, like I said earlier in the broadcast, it's not so much that the dollar is a bull and is dollar strength. It's just that the other currencies are that weak, okay? So let me go back to US dollar JPY and I'll also pull up the crude chart. All right, so crude, let's see, let's see. If we go to the CME site, if I remember right, they were slightly higher a little bit ago. Go to energy, everything's in the lag here for the futures, I don't wanna be non-compliant. Yeah, they're up five bucks. Okay, so if you see where crude is going on right now, it's been wedging. We've come to this point where people are making choices. Is the supply issue is something that, work as we come into springtime, you're gonna have to expect that supply is gonna be under pressure because demand is gonna go up. Especially like when we were talking, Kevin Hanks mentioned planting coming up. That's gonna be huge, the farm engines are gonna start to be turning up a notch. You know, you're gonna have a lot of heavy machinery throughout the US. It's gonna be starting to consume diesel. So gas is not the only component of oil, and that's something I think that those issues are gonna drive the demand for oil. Another thing is that with this conflict, as the way it's continuing, as I think the supply chain for oil also is gonna become more restrictive. There's also the issue with China and Shanghai. This is also gonna impact oil, making it more bullish. And unless we start to turn our pumps back on and reverse something that was set in stone right now by a mandate, that's not gonna change. I believe that we're gonna see oil probably test this last swing high that we had a few sessions back here, right around 111. If we breach this area here, I mean if you look at it, since the middle of April, we established this low. We made a lower move high, we made a higher move low, a higher move high. Okay, short run, this wedge is now trending as a bull. We came down here as of yesterday, now we're trading back $5 higher, we're coming off a new higher swing low. Trend is your friend, my friend, and no pun intended. So I think you're gonna see strength going on. Continue with that. Another thing is we're also making the switch. I don't know where you're located in the United States, but especially like areas like the Midwest, Ironic, I don't know any of it all. I'm in Chicago and we're less than 80 miles away from one of the biggest refineries in the country and every time they switch their blend, we end up paying more than everybody else. So I know that in this short run in the Midwest, we're going to spike up higher as far as pricing. All right, let's get to the US dollar yet, a very interesting trade here today. Since we started this webinar, this market's been all over the place today. On an hourly basis, look at this. Like I said, here's, it's sold off since we started this show. Right before the show, it rallied huge. It went from a dollar 2980 up to 13080. That is a huge radical move. So this is when we had the CPI data, you can see that economic numbers have had some sort of an impact on somebody's trade today. So I have been that long and we're going to go to commercial break and then have one more segment see you in a couple of minutes guys. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority and technical market analysis. And it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. 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So in this last segment, we're gonna kind of race around. We just started to talk about the US dollar yen and a couple of comments on the chat too. Very thankful for your guys input and stuff like that. Someone even said nice charts, very crisp. So if you want to use these charts, it's just like we're using in real time, you go to the forex-trading-unlocked.com website and from the market analysis education, you just hit the workstation tab and that will bring you to this page where you can look at all the economic numbers for the week, can they get you based by the current season, whatever. This helps you to definitely figure out what's going on and what's helping to influence the trends in these markets. So US dollar yen actually didn't have very many numbers to pay attention to this week. The CPI today for the US did actually make it move. We've had a lot of volatility with the bonds, tanking and the tenure also hitting new lows on the day. I think that you would definitely want to see the bulls come back in the US dollar yen, especially with oil up as well. We've had quite the volatility since basically last hour and a half, since right before we started this broadcast. And I think it's going to continue today. I believe bullish momentum is going to be the call though. I think you drained out a lot of weak shorts and excuse me, weak longs and right now you're going to get ready to make a run at resistance again. The Bank of Japan originally wanted to say that they were going to defend their currency once it got to $1.30. Well, right now it's trading $1.30, 20 and it got up to already over $1.31. And it looks like it wants to breach resistance again. So I think right now you got to ride the trend. I've been longing this thing for a while now. I mean, anyone that watches me on my segments with Tommy they know I've been longing this for since last summer. So I would look to continue to buy breaks in this market with the interest rate correlation right now between the Japanese yen and the US dollar. That's a fundamental force that makes the US dollar a bull versus the yen. The price of oil right now as it starts to spike higher through resistance that's also going to play into this. And as the trend is your friends. So right now I think you have to just continue with that. And now we are done with the show. I believe you guys have a good day and thanks for showing up today. See you guys soon next Wednesday. I'll be on with Tommy.