by Michael Bridgman | Oct 16, 2019 | Forex Tips
The market is pricing in a 75% chance of a U.S. rate cut of 25bp at the end of the month. Disappointing retail sales and core retail sales today added to USD weakness. After the AUDUSD made a quadruple bottom and began to move higher, a long was taken risking 9...
by Michael Bridgman | Oct 15, 2019 | Forex Tips
Trading remains volatile as headlines can potentially cause 50 to 100 pip moves very quickly in the current market environment. Today after moving down in the first half of the U.K. session, the USDJPY found a bottom around 108.15 and began to move higher in...
by Michael Bridgman | Oct 8, 2019 | Forex Tips
Two major concerns for the markets have persisted this year… the U.S. – China trade talks and Brexit. As the deadline approaches ever nearer this month for Britain, there remains little progress toward an amicable solution with the E.U. On days of optimism, the GBPUSD...
by Michael Bridgman | Sep 19, 2019 | Forex Tips
The EURCAD has been quite active and with oil higher today early in the U.S. session overlap and the Euro weakening a short was taken risking 11 pips for a potential 106 pips to our daily target at 1.4576. A glance over that the EURUSD helped confirm the Euro...
by Michael Bridgman | Sep 17, 2019 | Forex Tips
I can’t remember the last time I took a long on the GBPUSD. Brexit is not behind us, but the charts looked very good today for a move up to the 1.2500 area. A long was taken early in the U.S. session risking 20 pips for a potential 71 pips to our daily target...
by Michael Bridgman | Sep 16, 2019 | Forex Tips
An attack on Saudi Arabia’s Abqaiq oil processing facility has caused a temporary shut down of 5.7 million barrels a day of oil output. This naturally caused oil to trade significantly higher today. With oil strengthening significantly, a short was found in the EURCAD...
