by Michael Bridgman | Jun 26, 2020 | Forex Tips
It was a slow week for me with a small GBPUSD gain Wednesday, that ran after we had closed the trade during some whipsaw action. Today however the trading was very worthwhile. A GBPUSD short was taken early in the U.S. session overlap, risking 18 pips for a...
by Michael Bridgman | Jun 19, 2020 | Forex Tips
The USD has moved up four sessions in a row as the DXY attempts a close above 97.50. The GBPUSD has moved lower this week particularly after the B.O.E. news yesterday. Brexit will continue to weigh on trader sentiment toward the pair through month end. After...
by Michael Bridgman | Jun 16, 2020 | Forex Tips
The AUDUSD started to move down today during the U.S. session overlap testing its Asian session low. The candle that tested the low left a long lower wick indicating buyers were entering at that level. A glance at the DXY showed USD strength was increasing. As...
by Michael Bridgman | Jun 12, 2020 | Forex Tips
After falling precipitously since May 26th, the USD has bounced as equity markets recalibrate following Fed Chair Powell’s remarks on Wednesday. The big question remains how economies will adjust following the pandemic coronavirus outbreak. Will reopening of...
by Michael Bridgman | Jun 9, 2020 | Forex Tips
The USD continues to move lower and test its December 2019 low, but has not closed beneath it. Tomorrow, all eyes will be on Federal Reserve Chair Jerome Powell and how the market will react to his speech. After the GBPUSD pulled back in the first half of the...
