by Michael Bridgman | May 20, 2020 | Forex Tips
The EURUSD moved higher today as equity strength continued to weigh on the DXY. With EURUSD momentum clearly up today, an entry long was taken risking 16 pips for a potential 32 pips to our daily target at 1.0996. If the EURUSD can close above the important 1.1000...
by Michael Bridgman | May 15, 2020 | Forex Tips
The markets have a lot to be concerned about going into the weekend. Foremost, the continued coronavirus (Covid 19) effect to the world economies. Add to that U.S. China trade relations are deteriorating once again, bringing into question whether Phase One will be...
by Michael Bridgman | May 13, 2020 | Forex Tips
The main takeaway from Jerome Powell’s speech today was that the U.S. is currently not looking to have negative interest rates despite President Trump wanting them. As price broke to the downside a short was taken in the GBPUSD risking 28 pips for a potential...
by Michael Bridgman | May 7, 2020 | Forex Tips
The USD continued its grind higher today until the European close and then turned negative. The GBPUSD quickly made its high of the day just after the London open but ran into sellers. When the U.S. session overlap got underway, the pair made a third lower high...
by Michael Bridgman | May 6, 2020 | Forex Tips
We have had three days of USD strength this week. The move upward has been slow and steady and we may have another day of the same before we encounter the NFP number on Friday. Even the dismal ADP Nonfarm Employment Change today didn’t cause USD weakness. The...
