Back from holidays and shorting the GBPUSD early in the U.S. session

by Michael Bridgman | Sep 6, 2022 | Forex Tips

Britain has elected Liz Truss to be the new Prime Minister replacing Boris Johnson. The U.S. economy remains very strong, as does inflation, which suggests another large rate increase from the Fed later this month. The current trend for the GBPUSD is lower. As the...

On holidays for August but I will check in on the markets occasionally. If I catch any nice moves greater than 20 pips and have time to post… I will do so. Summers seem to go by so quickly that I want to enjoy them… especially after the lockdowns we had last year.

by Michael Bridgman | Jul 29, 2022 | Forex Tips

Be extremely careful trading around interest rate announcements. Summer trading is thinner and volatility around key economic releases is very high.

by Michael Bridgman | Jul 15, 2022 | Forex Tips

Shorting the EURCAD as the Euro falls further

by Michael Bridgman | Jul 7, 2022 | Forex Tips

I have been reflecting back on conversations I’ve had over the years with institutional traders about when the EURUSD would reach par or move even lower. Many times a case has been made for the EURUSD to reach par in a given year… but it didn’t. We have a hawkish Fed...

Long the EURUSD with a weaker U.S. Dollar today to end the first half of 2022

by Michael Bridgman | Jun 30, 2022 | Forex Tips

Lots of volatility as the second quarter and first half of 2022 come to a close.   A long was taken on the EURUSD risking 11 pips for a potential 51 pips to our daily target at 1.0468. This was a countertrend trade… hence a lower probability trade and a tighter...