by Michael Bridgman | Feb 27, 2019 | Forex Tips
Most Wednesdays, the U.S. Crude Oil Inventories are released. If there is a surprise shortfall…like today…we are likely to see the price of WTI go up and the Canadian dollar benefit. If there is a surprise surplus, then we likely to see WTI move down and the Canadian...
by Michael Bridgman | Feb 26, 2019 | Forex Tips
Trading has been a little slow since Wednesday last week for me and the market is giving some mixed signals. I find it better to be patient and disciplined than to force trades and regret the outcome. The 1.3150 – 1.3250 area is an important range for the...
by Michael Bridgman | Feb 21, 2019 | Forex Tips
On Wednesday before the FOMC Meeting minutes, a trade was found in the USDCAD as it made a series of 3 lower highs – moving down to its Asian session low. Entering short we risked 14 pips for a potential 38 pips to our daily target at 1.3145 with 2 hours left before...
by Michael Bridgman | Feb 19, 2019 | Forex Tips
Overall the USD weakness was evident today but the reason for the selling was not obvious to me. Gold was very strong and equity markets were able to move higher with the exception of London. The GBPUSD moved sharply higher and did almost twice its range. ...
by Michael Bridgman | Feb 14, 2019 | Forex Tips
Early in the U.S. session the EURUSD surged higher then made a series of lower highs as it set up for a short trade. An entry was taken risking 15 pips for a potential 47 pips to our daily target at 1.1248. Price looked like it could easily fall to its Asian...
