by Michael Bridgman | Feb 13, 2019 | Forex Tips
The USD had been very strong of late and yesterday it finally pulled back for a day. It continued higher today partly due to positive headlines regarding optimism with the U.S. – China trade talks, combined with another U.S. federal government shutdown being avoided....
by Michael Bridgman | Feb 9, 2019 | Forex Tips
The USD strengthened all week and China was on holiday celebrating the lunar New Year. On Friday the news reported that a meeting between the presidents of the U.S. and China was unlikely to happen before the March 1st tariff deadline. Adding to that was U.S....
by Michael Bridgman | Jan 31, 2019 | Forex Tips
Fed Chairman Powell’s dovish wording weakened the USD yesterday. Although the reaction amounted to a quick abrupt sell-off of the dollar, it wasn’t an extreme move. The U.S. economy remains stronger than that of the E.U., U.K. and Japan. The majors are at or...
by Michael Bridgman | Jan 30, 2019 | Forex Tips
Recent amendments have done little, time is running out and unless the U.K. can take active measures to prevent a “no deal” Brexit it will leave the EU without a deal on March 29th. Last week’s optimism and rise in the GBP faded today. As the U.K. session got...
by Michael Bridgman | Jan 25, 2019 | Forex Tips
The USD closes the week being sold and gold moved closer to $1300 oz. The USDJPY has not been over the 110.00 yet this year. It rose early in the U.S. session to 109.95 and ran into sellers and started to reverse lower. A short was taken risking 6 pips for a...
