by Michael Bridgman | Oct 17, 2022 | Forex Tips
The GBP pairs have been very active since PM Liz Truss came to power. Last week she fired her Chancellor of the Exchequer. On Friday, the Bank of England’s emergency bond buying program ended. The newly appointed Chancellor of the Exchequer, Jeremy Hunt is trying to...
by Michael Bridgman | Oct 5, 2022 | Forex Tips
The volatility in the GBP is not likely to dissipate soon. Both the GBPUSD and GBPJPY moved in tandem downward today with the recovery of the USD. The GBPUSD was unable to close above yesterday’s high during its Asian session and the U.K. traders began their day...
by Michael Bridgman | Sep 29, 2022 | Forex Tips
I’m combining two days of trading in one post due to time constraints. The USD which has been very strong against other currencies finally had a couple of back to back days of weakness. On Wednesday, the EUR found a bottom near .9535 just before the U.K. open, it then...
by Michael Bridgman | Sep 27, 2022 | Forex Tips
Countertrend trades are tricky and tend to yield less in profit. If you haven’t mastered trading with the trend, then taking lower probability trades against the trend, should in my opinion be avoided. The market may be trending strongly as the USD has this year –...
by Michael Bridgman | Sep 23, 2022 | Forex Tips
The GBPUSD made a series of three lower highs today, one in each session, then it plunged to new lows… not seen in decades. After rejecting the 1.1100 level a short was taken as the U.S equity markets opened against a backdrop of a very strong USD. Price made a faint...
by Michael Bridgman | Sep 22, 2022 | Forex Tips
In the month of September the U.S. Federal Reserve, the Bank of Canada, the European Central Bank and the Swiss National bank have all raised the interest rate by 75 bp. The Reserve Bank of Australia and Bank of England made 50 bp raises this month and the Reserve...
