by Michael Bridgman | Sep 30, 2020 | Forex Tips
After an acrimonious presidential debate the market takeaway may be that the U.S. election outcome on November 3rd may take some additional time in order to declare a victor. The USD initially moved higher but gave up it gains 2 hours into the U.S. session...
by Michael Bridgman | Sep 25, 2020 | Forex Tips
The GBPUSD began to move higher at the European open and jumped higher still when the London traders came on today, before quickly reversing back to trend. A short was taken risking 20 pips for a potential 107 pips to our daily target at 1.2678. This pair has...
by Michael Bridgman | Sep 18, 2020 | Forex Tips
After a week full of central bank meetings and announcements, the question might be, so what has really changed? It appears that we will continue to be in a low interest rate environment for the foreseeable future… at least until inflation rises above and stays...
by Michael Bridgman | Sep 16, 2020 | Forex Tips
Trading on Tuesday was rather subdued but with all the Brexit news lately my bias is to look for short GBPUSD setups while this pair is very active. A short was taken today risking 24 pips for a potential 142 pips to our daily target at 1.2755. After the U.S....
by Michael Bridgman | Sep 10, 2020 | Forex Tips
The major event risk this week was the ECB monetary policy statement and press conference that followed…particularly after their chief economist Lane’s statement last week about the exchange rate. The acrimonious divorce between the E.U. and Britain has heated...
by Michael Bridgman | Sep 3, 2020 | Forex Tips
USD strength has continued for a third day going into the non-farm payroll release tomorrow. Earlier in the week the ECB’s chief economist Lane commented that the ECB does pay attention to the exchange rate. This has brought some Euro shorts into the market in...
