by Michael Bridgman | Jul 21, 2020 | Forex Tips
The coronavirus and pending fiscal stimulus package in the U.S. is currently weighing on the USD. The DXY has moved below its June low. A test of the March low looks like the next target. As the USD continues lower and the “risk on” sentiment continues a...
by Michael Bridgman | Jul 16, 2020 | Forex Tips
On a day when global equity markets were lower, the GBPUSD managed to move higher. The pair had momentum going into the U.S. session overlap and as it pushed higher a long was taken risking 16 pips for a potential 47 pips to our daily target at 1.2613. Despite...
by Michael Bridgman | Jul 2, 2020 | Forex Tips
The market was very interested in the NFP number today which was very positive for the U.S. It took a bit of time for the USD to move upward, but the majors eventually turned to reflect a stronger dollar. We entered the GBPUSD short risking 20 pips for a...
by Michael Bridgman | Jun 30, 2020 | Forex Tips
Month end tends to be volatile with exaggerated moves in either direction often appearing to be quite random. Although the EURGBP has been trending upward, the Euro was looking weak today and it was Sterling that was looking strong. A short was taken after the...
by Michael Bridgman | Jun 29, 2020 | Forex Tips
Mondays tend to be tricky days to trade. The EURUSD tried to climb higher today but stalled around 1.1285 and a short trade was taken risking 15 pips for a potential 69 pips to our daily target at 1.1205. As the pair moved lower, it picked up momentum after...
