 Let's go over to our man, Mr. Teddy cake stat as we do each and every Wednesday. I can't believe I Wednesdays come so fast Teddy cake stack. What's going on brother? Guys we've got an FOMC meeting to look forward to today. Oh boy. I like it. I know man So, you know this doll is hanging tough. I mean if the pounds get smoked that looks like it, you know We'll see if it comes back the Euro didn't jump off the cliff, but let's talk about it Okay, well, you're right the the pound for all kinds of reasons has been falling apart We had the new Prime Minister that was sworn in after we talked last and it doesn't seem to phase that any type of bullish reaction. That's for sure I think the key component there is that we have the Fed meeting is coming out today We've had the central bank marathon It started last week with the Bank of England ECB which came out with a very big remark saying that Last Thursday that they're waiting on the Fed US Fed today Wednesday to see what they do And they're ready to pull the trigger and follow suit So they're kind of trying to force the hand of our Fed to actually do something which basically will set them in motion We will see what happens later on this afternoon But you're right the Euro has had pretty much just a knee-jerk reaction It's been very sideways and I think what you really have to look at is where is dollar strength and weakness happening? Your lesser majors like Australian dollar and New Zealand dollar. They've been trending lower still since we talked last They made newer lows yesterday and today But the Australian dollar is starting to look like it wants to bounce today Okay, precursor You know it's had a yesterday. Let me pull this up the so the Swiss Frank What was going on? I said that that they were almost thinking of getting an intervention over there So did they think that was getting too strong? I think that that might be some of the reasons why they were talking about that I think I think the intervention more has to do with how the ECB has changed their tone. I see. Okay. Okay. Yeah But interesting and bring up the Swiss frame the Swiss Frank chart looks a lot like the Japanese yen chart does right now Yeah, that's how they just recently got rejected on new move highs, right, right, right? Yeah, so man, there's there's there's so many moving pots, man And I guess you know the the dollar I mean it it's not over It's it's high in the continuous contract, but it's just edging right there man So it's gonna be like, okay, which way do you want to go? And I guess it's gonna have to do with which way really the pound in the euro is going right? That's right Yeah, well, you know what maybe not though because FOMC meeting we know that let's say whether they do a quarter point or a half point High points probably not gonna happen Quarter point is factored into the marketplace no matter what sometime in the next three months Yeah, so I don't think we're gonna get any big reaction for the currencies initially Okay, they're gonna be to see if the ECB starts to do something That now the BOJ came out yesterday. They don't care what the Fed does today. They don't yeah They don't care at all. They made a really staunch point that unless there's an economic thing that really hits Japan They're not doing a thing with their bank whatsoever You know, it's intriguing man I mean, I can see the Bank of Japan like if if we were at the Bank of Japan, you know for years folks, okay I mean they've been in negative rates. They probably know more about negative rates than the rest of the essential banks, right? It's like, you know, they've been there, right? Right. Yeah, I'm with you. That's that's pretty wild man. I really it really is how this whole thing is shaking out and Absolutely, but you look at your lesser majors like your Australian dollar New Zealand dollar. Okay, the dollar index has gotten its lift over especially the past week Like since we talked last week the dollar index has had a nice little rally. Yes, did that come from it? Didn't come from the Euro, you know The pound may have helped to bring that lift that the dollar index But it's really the following a part of the Australian dollar and the New Zealand dollar that really led it because look at the yen The yen's basically gone nowhere over that time. And so if you're watching Tiger TV folks I just brought up the Australian dollar and you can see what Teddy's saying We just went from 70 down to 68, you know, and that's it's been a one-way route, right? It's Yeah, you get That's where that's where our strength is coming from. I think yes. Yes. No, and that's important to understand What's inside that index and how that works. There's no doubt about that pretty cool Well Yeah For the pound it's interesting with the size sideways movement in the end and the pound being the one major Currency besides the Euro. What do you think? I think that with the new Prime Minister and stuff like that Do you think that we're gonna he's gonna Do anything to help lift this currency or do you think the trend is gonna continue lower because I don't see I don't see a balance in sight really. Yeah, no, I this pound can go test that it looks like 118 I mean that's you know, it's the last time we were down there. What that was 2016 But because this is this is a hard move down, right? You know, you know, I mean it's getting tired I'd say it's getting tired of the way down, but guess what that thing is sticking out like a sore thumb So it's like why not go visit your old friends for a couple years ago first, right? You know stay a bear listen folks every trading day You can check out Teddy at 4x dash trading dash unlock comm That's 4x that's trading desk and lock.com Teddy. You have a great one safe one. We look forward to speaking the next Wednesday Stay right there folks come right back