by Michael Bridgman | Sep 3, 2020 | Forex Tips
USD strength has continued for a third day going into the non-farm payroll release tomorrow. Earlier in the week the ECB’s chief economist Lane commented that the ECB does pay attention to the exchange rate. This has brought some Euro shorts into the market in...
by Michael Bridgman | Sep 1, 2020 | Forex Tips
The USD continued to attract more bears than bulls this summer during July/August and this was especially notable in the EURUSD move. In August the pair tried twice to close above 1.2000 but failed. The GBPUSD has also moved up and the Sterling bulls continue to...
by Michael Bridgman | Aug 20, 2020 | Forex Tips
The GBPUSD moved lower to start the U.S. session but reversed higher as the 1.3100 figure was tested. After the completion of a three candle reversal pattern a long was taken risking 22 pips for a potential 77 pips to our daily target at 1.3177. Price moved higher and...
by Michael Bridgman | Aug 19, 2020 | Forex Tips
The market is long the Euro and short the USD leading up to the FOMC meeting minutes today. Without Congress agreeing on a stimulus package there is little reason to be USD bullish at the moment. The trade agreement between the U.S. and China is in question again and...
by Michael Bridgman | Aug 10, 2020 | Forex Tips
The news calendar was light to begin Monday’s trading. After falling in the first half of the U.K. session, the GBPUSD began to find buyers near 1.3020 and began to push higher. A long was taken risking 20 pips for a potential 95 pips to our daily target at 1.3130....
