 Welcome back folks. I want you to take a look over here. This is the Tiger 4x report by Teddy Keckstatt now every Monday You know unless we have off this is getting uploaded and this is a seriously informative newsletter It is chock full of information and Teddy spares no detail on it 3d he talks about the central banks the FX pair divergence shifting trade zones Which currency pairs to watch and freestyle chat with subscriber questions regarding the markets He also has a webinar archive, which I recommend and that was from April 19th Teddy are you with us? Can you hear me? I can hear you clearly Jacob. How are you doing Teddy? Oh, I'm doing great. It was a nice relaxing holiday weekend. I bet it was it was for me as well So Teddy, what are we looking at today? Well, we know we have holiday markets We've been kind of flatline obviously coming into today's trading So I think with some of the markets to really look at right now is the yen Which is having a nice little pullback off of the highs that were set last week. I think it's a good Opportunity the traders has start to look to buy back into this rally I think I know you have a lot of gold traders that are watching the yen And I think yes a bull that you're gonna have to really respect for quite some time yet Yeah, absolutely absolutely now Teddy, I don't know if you look at this at all But I was wondering if you could give me even some kind of cursory insight. I've been Pretty focused on what's going on with the Turkish lira right now. Okay, and kind of They're you know, basically trying to get out of the extreme hyperinflation That they've had and and kind of seeing how Turkey plays out on the the broad kind of global scale What what kind of insights can you provide on that? Well, obviously that's in the major bull trend. I actually just popped it back up I mean with just the kind of growth that we've seen in this market in the past few months is I mean, it's insane So now one thing about the Turkish lira that I definitely want your Visor listeners to know is that if you're gonna even look at this currency, you got to have deep pockets So the spread on this trade is very very wide And also the moves are very extreme especially right now The trend Obviously it has to do with something that's been building for the past two years in Turkey You know what you can't just look at the past couple months and look at how this currency has moved so radically This is a trade that's been building and building and building, you know Where it's had some very severe corrections to the downside, but overall it's a very major bull And it's a lot of it has to do with the fact that because of the Spread getting in and out the liquidity factor for this currency is not as strong as many other major currencies And not that the Turkish lira isn't a big currency which it is But it is there is that much of a difference, you know, especially when you're having moves like that So as far as if you're looking for direction on it I'd be very cautious trying to sell into this move And I think that you're probably the trend right now what you're seeing is something that's going to maintain itself for quite some time yet Super fascinating super fascinating One other one I want to look at This was with Argentina, okay Okay, now this had more to do with what they had in their reserves as opposed to any particular preference This is the first time that Argentina used the Ramin B or the you know the one To settle part of the IMF debt now obviously China is having Some issues in their economy And I believe and correct me if I'm wrong, but the Yuan is a little bit weak right now What are you seeing? With that regarding kind of other major currencies in the world Okay, well as far as weakness in the wine versus other currencies You have to be very careful when it comes to the one in the in the Hong Kong dollar The liquidity factor there is not like it is with major currencies there's also a very Price-fixing mechanism if you will by the government that's involved with those currencies, you know So as far as how weak or how strong they are you can't just look at the fundamentals that are going on Respectively in the environment at the moment you have to look at what is the Chinese government doing as well I think that I can let me pull up the chart real quick. I can do this in one second Let's see Let's pull up the This takes me one second here to pull. Oh, yeah, Jacob. It really is It's such an interesting point to make though, right? I mean it's such a massive right all for sure Absolutely, it's such a massive player, you know and but a lot of the way that they operate is as far different And other major players, you know, okay So I have I have the one pulled up right now And if you look at it like on a monthly basis is coming back near its highs from this is about six months ago Okay, so obviously there's a bull trend here But we're the way it's rallying right now. This is a key resistance area So the question is is it is the overall strength there now? We all know about the whole bricks thing So if if the bricks trade is really starting to gain momentum That's where you might see where that this that the one is going to break out to the upside So and this is a key thing now if the bricks trade is Let's say not necessarily not going to work But is not ready to really solidify itself globally and gain the momentum that seems that it really is doing right now Then you may see a little bit of resistance here right now You also have the fact that the Chinese economy, you know, we know their books are always cooked But the Chinese economy is not doing as well as it already had been projected for this time this year, you know So and I think that's something that's holding back their currency the volatility in the one I think you is something that you can expect to see Hold for a while. I mean if you look at the at the one right now just over the past six months It's had very strong volatility and it's also trending very strong You know where it was whether it was going to the downside and reverse and now it's in the strong bull trend, you know So there is opportunities there I would look at the relationship with bricks as far as how much support you'll get there if that continues to grow in Momentum and the trade deals continue, you know, just like you said with Argentina using the one then yes You're going to see more strength in the ones value versus relative other currencies, especially versus the dollar without a doubt, right? No, and it'll be interesting to see how that bricks kind of agreement plays out, right? I mean you your two major players, you know, I'll say China and India, you know rushes in that as well But you know, they have some territorial disputes and it seems, you know They'll get on to some kind of path of working together But then it kind of all comes back Quite immediately. So yeah anyways really interesting stuff at least for me. Those were the two major Currencies that I just found super fascinating Recently those are great. Those are great insights and questions that you just brought up Jacob. Absolutely for sure No, and your insights again were phenomenal and folks seriously check this out the Tiger 4x report I read it every Monday to get it out and it is just a great newsletter again You can try it out and it's a 30-day money back guarantee on that Teddy. Thank you so much for joining us You look like you had a really relaxing weekend So it's actually cut up on some rest because I was out of town last week. I needed it. Absolutely. Well, Teddy Thank you so much. All right Thank you, Jacob. We'll see you now