by Michael Bridgman | Jan 5, 2021 | Forex Tips
I wish everyone a happy, healthy and prosperous new year! We begin 2021 with a bearish USD bias as the market flows continue to show USD selling. With WTI Oil testing $50 to begin the year, a level not seen since pre-pandemic, a short USDCAD position was taken...
by Michael Bridgman | Dec 9, 2020 | Forex Tips
There is still no sign of a Brexit deal. The E.U. Summit begins tomorrow along with the ECB Monetary Policy Statement and Interest Rate Decision. After moving up in the Asian session the EURUSD reversed in the European session back down to 1.2100. It briefly...
by Michael Bridgman | Dec 3, 2020 | Forex Tips
I’m avoiding the GBPUSD due to volatility with the ever changing Brexit deadlines and rumours. Even if an agreement between the U.K. and E.U is confirmed, it will just take one European nation to veto it. The EURUSD and USDCAD are my favourite pairs this week....
by Michael Bridgman | Dec 2, 2020 | Forex Tips
The last month of the trading year is here. We believe we know who won the U.S. election but still await President-elect Biden’s certification. What we don’t know for sure is when Brexit will be resolved (hopefully by year end) and how the new President of the...
by Michael Bridgman | Nov 27, 2020 | Forex Tips
The USD has softened this week as it moves to test its September 1st low. The market has been focused on an improving global outlook for next year. Overall the market remains “risk on” in sentiment and the EURUSD closed above 1.1900 on the U.S. Thanksgiving holiday....
