by Michael Bridgman | Jun 26, 2018 | Forex Tips
The USD showed moderate strength today and stock markets attempted to climb higher after yesterday’s sell off. With a stronger USD, and a moderate appetite for risk, a long was taken on the USDJPY risking 7 pips for a potential 40 pips to the formidable 110.00 barrier...
by Michael Bridgman | Jun 25, 2018 | Forex Tips
With major stock markets selling off today, a short was taken on the AUDJPY. Both the AUDUSD and AUDJPY looked like attractive shorts when the U.S. session got underway. They both had moved down during the Asian session then recovered a bit. As they began to roll over...
by Michael Bridgman | Jun 22, 2018 | Forex Tips
Although the Bank of England left rates on hold yesterday, the GBPUSD climbed higher. Choosing to fade that move today during the U.S. session overlap, a short was taken risking 16 pips for a potential 71 pips to our daily target. The idea was to ride it down through...
by Michael Bridgman | Jun 18, 2018 | Forex Tips
The trade war implications between the U.S. and China have the markets unnerved and moving toward safety today. With major stock indices selling off to begin the week and money flows moving toward the JPY, we chose to short the AUDJPY. The AUDJPY is a good gauge for...
by Michael Bridgman | Jun 15, 2018 | Forex Tips
On Thursday, E.C.B. President Draghi stated that the Q.E. program will end at the end of December this year (no surprise there). The surprise for the market was that he stated there would not be any interest rate increase through the summer of 2019…and the EURUSD...
