by Michael Bridgman | Apr 28, 2020 | Forex Tips
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 the...
by Michael Bridgman | Apr 17, 2020 | Forex Tips
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...
by Michael Bridgman | Apr 9, 2020 | Forex Tips
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 and...
by Michael Bridgman | Apr 8, 2020 | Forex Tips
This is the first trade that I have posted in a week and a half. I haven’t had many good trades lately. I will make some pips and also give some back. The market doesn’t seem to have a clear direction at the moment so it’s not a time to take large positions or to get...
by Michael Bridgman | Mar 27, 2020 | Forex Tips
The GBPUSD surged 450 pips off its low on Thursday breaking through the 1.200 level and still continued up 225 pips. Today after a pullback in the early U.K session it began to move higher again. After an early double bottom and a further push higher in the...
by Michael Bridgman | Mar 23, 2020 | Forex Tips
Currency markets continue to be extremely volatile as governments around the world take extreme measures to deal with the coronavirus and its economic impact. All trading sessions offer trading opportunities and if you’re going to be home anyway…why not look for some...
