by Michael Bridgman | Dec 17, 2019 | Forex Tips
The USDCHF moved higher early in the U.K. session then reversed and a short was taken risking 8 pips for a potential 43 pips to our daily target at .9793. nbsp; Price moved down to test its Asian session low and yesterday’s low before descending further in advance of...
by Michael Bridgman | Dec 16, 2019 | Forex Tips
It appears that the U.S. – China trade agreement phase 1 is done, but the details remain vague still. Regardless, the equity markets are up, as is the U.S. 10 year yield today. A long was found in the USDJPY risking 5 pips for a potential 33 pips to our daily...
by Michael Bridgman | Dec 5, 2019 | Forex Tips
Currency daily ranges remain subdued as the U.S. – China trade talks on again off again nature has constrained trading. A healthy skepticism for the Phase one signing by year end or even before the U.S. election is warranted. We hope it’s the former and not the...
by Michael Bridgman | Dec 2, 2019 | Forex Tips
China’s Caixin manufacturing PMI beat expectations yesterday and the USD started the week softer and declined further with a disappointing ISM manufacturing PMI for November. With the weaker USD versus the majors, a long was taken in the EURUSD risking 10 pips...
by Michael Bridgman | Nov 19, 2019 | Forex Tips
Over the weekend tension resurfaced with the U.S. – China trade talks once again and the USD weakened on Monday. The market is becoming skeptical of a Phase One signing being imminent and as the rhetoric commences about an increase in tariffs if an agreement is not...
