by Michael Bridgman | Aug 6, 2021 | Forex Tips
Whether it’s because of August holidays or the market focused on the NFP number today, it’s hard to say. I found trading to be slow this week but the currencies moved after a positive NFP number that beat expectations. The market is now looking toward September...
by Michael Bridgman | Jul 29, 2021 | Forex Tips
The Federal Reserve statement on Wednesday resulted in further USD weakness and this carried through today as the DXY moved below 92.00. As the USDJPY came off its New York high, a short was taken risking 15 pips for a potential 36 pips to our daily target at...
by Michael Bridgman | Jul 27, 2021 | Forex Tips
The financial markets are concerned about a broad-based regulatory crackdown in China which sent equity markets downward around the world today. The USD was unable to benefit from the declines while the Euro made another run above 1.1800. A long was taken early...
by Michael Bridgman | Jul 21, 2021 | Forex Tips
The USDCAD started the U.K. session moving down to test its Asian session low before moving higher to test the 1.2700 figure. As the U.S. session got underway, price moved lower with momentum and a short was taken risking 22 pips for a potential 62 pips to our daily...
by Michael Bridgman | Jul 20, 2021 | Forex Tips
As the U.K. continues to lift covid related restrictions, the delta variant case numbers are increasing there and Prime Minister Johnson is reported to have entered into isolation protocol. Naturally this doesn’t bode well for the GBP. A short was taken today...
