by Michael Bridgman | May 5, 2020 | Forex Tips
The markets have not produced a lot of great trade setups to my eyes of late. The EURUSD made an abrupt move down today after Germany’s top court ruling – going through our daily target at 1.0834. It then made a retracement upward before completing a reversal...
by Michael Bridgman | Apr 28, 2020 | Forex Tips
Back from a week away from trading. As we approach the end of the month trading is more subdued in advance of the FOMC on Wednesday and the ECB on Thursday. The GBPUSD moved higher in the first half of London trading on Tuesday, but sellers entered around the...
by Michael Bridgman | Apr 17, 2020 | Forex Tips
Optimism about the U.S. economy starting up again in as little as four weeks coupled with progress on a drug for treating coronavirus patients brought some relief for the equity markets today. The USD was on its back foot and a short trade was taken on the...
by Michael Bridgman | Apr 9, 2020 | Forex Tips
I don’t like to trade before what is considered potentially high impact news, but the economic numbers are going to be somewhat horrible and the market knows it. All things being relative, the USD has been weaker recently when the equity markets have been strong and...
by Michael Bridgman | Apr 8, 2020 | Forex Tips
This is the first trade that I have posted in a week and a half. I haven’t had many good trades lately. I will make some pips and also give some back. The market doesn’t seem to have a clear direction at the moment so it’s not a time to take large positions or to get...
