by Michael Bridgman | Jul 11, 2019 | Forex Tips
Fed Chair Powell’s comments yesterday were perceived as dovish enough for many traders to consider a 50 bp cut at the end of the month. Hence the USD sell-off yesterday. Today early in the U.S. session overlap, the GBPUSD set up for a short… risking 13 pips for...
by Michael Bridgman | Jul 8, 2019 | Forex Tips
Currency daily ranges in the majors have been subdued for some time now, likely due to the uncertainty of progress with the U.S. – China trade talks. It’s difficult to get too excited about trades under 20 pips, so I prefer not to take the time required to post...
by Michael Bridgman | Jun 27, 2019 | Forex Tips
The EURUSD has surged higher since the Fed announced a pending U.S. interest rate cut in July which has weighed heavily on the USD. Like a rising tide raising all boats, all the majors have strengthened to the USD. Currently, buyers are emerging around the...
by Michael Bridgman | Jun 25, 2019 | Forex Tips
It appears that many traders have been sitting on their hands as uncertainty continues regarding the U.S. – China trade tariffs eventual outcome, Trump versus Iran, how Boris Johnson who is the odds on favourite to replace Teresa May as Britain’s next prime minister,...
by Michael Bridgman | Jun 12, 2019 | Forex Tips
Since Teresa May resigned as Prime Minister, what has changed regarding Brexit uncertainty? As Boris Johnson appears to be the odds on favourite at this stage of replacing May, is that likely to lead to GBP strength or weakness? Mr. Johnson is portrayed as a...
