by Michael Bridgman | Oct 29, 2018 | Forex Tips
The EURUSD formed a double top today and dropped back into its Asian range in advance of the U.S. open. Risking 17 pips for a potential 65 pips to our daily target at 1.1334 we entered short. As price moved down we moved our stop loss to plus 1 as the U.S. market got...
by Michael Bridgman | Oct 26, 2018 | Forex Tips
When the markets are anxious “risk off sentiment” money flows tend to move toward the yen, Swiss franc and gold. Equity markets can be seen as an indicator of fear and greed. The U.S. equity markets sold off on Wednesday erasing gains for 2018. On Thursday the markets...
by Michael Bridgman | Oct 25, 2018 | Forex Tips
The USD has been stronger the past two days. ECB President Mario Draghi gave the market very little new information today and reiterated the obvious Brexit and Italy concerns weighing on the Euro. Equity markets sold off heavily yesterday and are attempting a recovery...
by Michael Bridgman | Oct 18, 2018 | Forex Tips
The FOMC meeting yesterday confirmed that the U.S. economy continues to be very strong and the concern centers on how many more rate increases will be necessary to strategically slow it down. Today the EURJPY spent some time stay above its Asian high but...
by Michael Bridgman | Oct 17, 2018 | Forex Tips
The market has not offered many trade setups that I have wanted to participate in the past couple of weeks. The ones that have been appealing have produced less than they usually would. Today the market seemed to align itself once again with some moderate USD...
