by Michael Bridgman | May 13, 2019 | Forex Tips
The markets have been waiting for a positive end to the U.S. – China trade talks, but the drama continues and the sentiment is “risk off” today. A currency pair that is useful for gauging risk is the Australian dollar Japanese yen. The Aussie being a commodity...
by Michael Bridgman | May 8, 2019 | Forex Tips
British political turmoil continues and a Brexit solution still appears to be far away. As the U.K session got underway, price moved down to test yesterday’s lows and bounced upward to test its Asian session low. Price was unable to close above this level and...
by Michael Bridgman | May 7, 2019 | Forex Tips
The daily ranges of the major currencies have been very subdued as the markets await the U.S. – China trade talks outcome. There had been optimism that an agreement would be completed this week, but President Trumps’ Sunday tweets have changed the likelihood of that...
by Michael Bridgman | Apr 25, 2019 | Forex Tips
The USD continues to strengthen and the GBPUSD continues to trend lower. Since the middle of March, this pair has been moving lower – making a series of lower highs. Price tested its Asian session high today as U.K trading began and reversed lower. We entered...
by Michael Bridgman | Apr 23, 2019 | Forex Tips
A fairly straightforward short today with the GBPUSD. Its attempt to move and stay above the 1.3000 figure failed and it moved down making a lower high. A short was taken risking 11 pips for a potential 27 pips to our daily target at 1.2974. Price moved down...
