by Michael Bridgman | Apr 1, 2019 | Forex Tips
The USD strength is continuing as we begin the second quarter. What has changed with Brexit other than a brief extension? The short answer is…nothing. PM May has not been able to get an acceptable deal through her own parliament, let alone the E.U. The GBPUSD...
by Michael Bridgman | Mar 28, 2019 | Forex Tips
ECB President Mario Draghi confirmed yesterday that improvement in growth and inflation is still expected in the second half of 2019 and if that doesn’t happen, then the officials are ready to take action. In advance of the U.K. open the EURUSD sold off, it...
by Michael Bridgman | Mar 26, 2019 | Forex Tips
One week, we have USD strength, followed by USD weakness, followed by USD strength. It appears the bears and the bulls are both correct. Volatility and reversals are something traders needs to get accustomed to. Fundamental analysis is very important but...
by Michael Bridgman | Mar 18, 2019 | Forex Tips
A slow Monday as traders await the FOMC on Wednesday. After moving higher before the U.S. session, the EURUSD began to roll over as the U.S. session got underway. A short was taken risking 8 pips for a potential 42 pips to our daily target at 1.1308. Price...
by Michael Bridgman | Mar 14, 2019 | Forex Tips
The situation in Britain continues to confound as parliament votes today to extend the deadline beyond March 29th. Even if passed by a majority in parliament, the E.U. can still say no Britain’s request. This uncertainty is keeping many traders away from the volatile...
