by Michael Bridgman | Dec 16, 2019 | Forex Tips
It appears that the U.S. – China trade agreement phase 1 is done, but the details remain vague still. Regardless, the equity markets are up, as is the U.S. 10 year yield today. A long was found in the USDJPY risking 5 pips for a potential 33 pips to our daily...
by Michael Bridgman | Dec 5, 2019 | Forex Tips
Currency daily ranges remain subdued as the U.S. – China trade talks on again off again nature has constrained trading. A healthy skepticism for the Phase one signing by year end or even before the U.S. election is warranted. We hope it’s the former and not the...
by Michael Bridgman | Dec 2, 2019 | Forex Tips
China’s Caixin manufacturing PMI beat expectations yesterday and the USD started the week softer and declined further with a disappointing ISM manufacturing PMI for November. With the weaker USD versus the majors, a long was taken in the EURUSD risking 10 pips...
by Michael Bridgman | Nov 19, 2019 | Forex Tips
Over the weekend tension resurfaced with the U.S. – China trade talks once again and the USD weakened on Monday. The market is becoming skeptical of a Phase One signing being imminent and as the rhetoric commences about an increase in tariffs if an agreement is not...
by Michael Bridgman | Nov 15, 2019 | Forex Tips
The EURUSD 1.1000 level has been supportive all week. The USD was unable to get any sustained traction higher. Today the EURUSD began to move higher and a long was taken risking 8 pips for a potential 25 pips to our daily target at 1.1047. The 1.1050 – 1.1065...
by Michael Bridgman | Nov 8, 2019 | Forex Tips
The EURUSD continued lower today as the USD strength continued. The USDX sustained move higher above current support at 98.00 is bullish as we go into the weekend. The question today was whether or not the EURUSD would test the 1.1000 figure. As it moved lower...
