by Michael Bridgman | Nov 24, 2020 | Forex Tips
Last week was the slowest and most boring trading that I have seen in a long time. It appeared that a lot of institutional money remained on the sidelines awaiting confirmation of direction. The USDJPY was my favourite pair to trade last week but it’s moves were...
by Michael Bridgman | Nov 18, 2020 | Forex Tips
Traders are struggling with USD strength and weakness. The equity markets are rising one day over optimism for a Covid 19 vaccine then falling the next over concerns about the rising number of new infections, closures, new restrictions and the potential impact on the...
by Michael Bridgman | Nov 12, 2020 | Forex Tips
As mentioned last week, I expect President Trump to go down fighting with about 10 weeks left in his term. The news of a coronavirus vaccine this week from 3 different companies is giving traders optimism that our economies will move back toward recovery. As...
by Michael Bridgman | Nov 5, 2020 | Forex Tips
It’s been a busy week with the U.S. election result foremost on most traders’ minds. We will have to wait awhile longer before we know the outcome. The markets are active again but the setups are not ideal to my eyes. Today in the “risk on” environment and...
by Michael Bridgman | Oct 30, 2020 | Forex Tips
Today’s trading turned out to be more subdued than I had expected. Today is month end and the Friday before the U.S. election. The USD had a good week while U.S. equities dropped. A EURUSD short was taken today as priced failed to stay above its Asian session...
by Michael Bridgman | Oct 29, 2020 | Forex Tips
It’s been an interesting and active week for the financial markets as we get closer to the U.S. election. I haven’t been comfortable taking any trades this week until today. Patience is often rewarded in trading and impulsive and undisciplined trading is...
