by Michael Bridgman | May 17, 2019 | Forex Tips
The USD index continued to move higher today and we will see if it closes above 98.00 to end the week. The Canadian dollar one would think would be having a good week too after favourable comments regarding the economy from the Bank of Canada’s Governor Poloz....
by Michael Bridgman | May 16, 2019 | Forex Tips
The market appears to have turned its focus away from selling the USD this week, despite the rhetoric between the U.S. and China. On Monday the USD sold off and then bounced and has shown strength each day since. The GBP remains mired in British political...
by Michael Bridgman | May 14, 2019 | Forex Tips
The GBPUSD is trending lower again and a failure to get above a critical level today near 1.2960 created a short entry…also ending its retracement wave higher. The trade required a 15 pip stop loss for a potential 61 pips to our daily target at 1.2888. Price...
by Michael Bridgman | May 13, 2019 | Forex Tips
The markets have been waiting for a positive end to the U.S. – China trade talks, but the drama continues and the sentiment is “risk off” today. A currency pair that is useful for gauging risk is the Australian dollar Japanese yen. The Aussie being a commodity...
by Michael Bridgman | May 8, 2019 | Forex Tips
British political turmoil continues and a Brexit solution still appears to be far away. As the U.K session got underway, price moved down to test yesterday’s lows and bounced upward to test its Asian session low. Price was unable to close above this level and...
by Michael Bridgman | May 7, 2019 | Forex Tips
The daily ranges of the major currencies have been very subdued as the markets await the U.S. – China trade talks outcome. There had been optimism that an agreement would be completed this week, but President Trumps’ Sunday tweets have changed the likelihood of that...
