by Michael Bridgman | Sep 2, 2021 | Forex Tips
August was the slowest month I’ve seen in over 17 years of currency trading. I think my best trade was for 21 pips but the majority were in the 1 to 15 pip range. I am happy September has arrived and the volume and ranges will pick up from here. Who knows perhaps...
by Michael Bridgman | Aug 13, 2021 | Forex Tips
On Wednesday the DXY moved up to test its July 21st high at 93.19 and failed to move higher leaving a double top. Today the DXY moved lower after the Michigan Consumer Expectations and Michigan Consumer Sentiment economic releases – which were both large misses. The...
by Michael Bridgman | Aug 10, 2021 | Forex Tips
As the U.S. session got underway the USDCAD made an attempt to move higher but was unable to test its Asian session high or yesterday’s high. It began to fade and a short was taken risking 13 pips for a potential 55 pips to our daily target at 1.2518. Price moved...
by Michael Bridgman | Aug 6, 2021 | Forex Tips
Whether it’s because of August holidays or the market focused on the NFP number today, it’s hard to say. I found trading to be slow this week but the currencies moved after a positive NFP number that beat expectations. The market is now looking toward September...
by Michael Bridgman | Jul 29, 2021 | Forex Tips
The Federal Reserve statement on Wednesday resulted in further USD weakness and this carried through today as the DXY moved below 92.00. As the USDJPY came off its New York high, a short was taken risking 15 pips for a potential 36 pips to our daily target at...
by Michael Bridgman | Jul 27, 2021 | Forex Tips
The financial markets are concerned about a broad-based regulatory crackdown in China which sent equity markets downward around the world today. The USD was unable to benefit from the declines while the Euro made another run above 1.1800. A long was taken early...
