Forex Tips and Tricks –  Keeping It
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The EURUSD moved higher today as equity strength continued to weigh on the DXY. With EURUSD momentum clearly up today, an entry long was taken risking 16 pips for a potential 32 pips to our daily target at 1.0996. If the EURUSD can close above the important 1.1000...

The markets have a lot to be concerned about going into the weekend. Foremost, the continued coronavirus (Covid 19) effect to the world economies. Add to that U.S. China trade relations are deteriorating once again, bringing into question whether Phase One will be...

The main takeaway from Jerome Powell’s speech today was that the U.S. is currently not looking to have negative interest rates despite President Trump wanting them.   As price broke to the downside a short was taken in the GBPUSD risking 28 pips for a...

The USD continued its grind higher today until the European close and then turned negative.   The GBPUSD quickly made its high of the day just after the London open but ran into sellers. When the U.S. session overlap got underway, the pair made a third lower...

We have had three days of USD strength this week. The move upward has been slow and steady and we may have another day of the same before we encounter the NFP number on Friday. Even the dismal ADP Nonfarm Employment Change today didn’t cause USD weakness.  ...

The markets have not produced a lot of great trade setups to my eyes of late.   The EURUSD made an abrupt move down today after Germany’s top court ruling – going through our daily target at 1.0834. It then made a retracement upward before completing a...

Back from a week away from trading.   As we approach the end of the month trading is more subdued in advance of the FOMC on Wednesday and the ECB on Thursday. The GBPUSD moved higher in the first half of London trading on Tuesday, but sellers entered around...

Optimism about the U.S. economy starting up again in as little as four weeks coupled with progress on a drug for treating coronavirus patients brought some relief for the equity markets today.   The USD was on its back foot and a short trade was taken on the...

I don’t like to trade before what is considered potentially high impact news, but the economic numbers are going to be somewhat horrible and the market knows it. All things being relative, the USD has been weaker recently when the equity markets have been strong...