by Michael Bridgman | Jan 31, 2019 | Forex Tips
Fed Chairman Powell’s dovish wording weakened the USD yesterday. Although the reaction amounted to a quick abrupt sell-off of the dollar, it wasn’t an extreme move. The U.S. economy remains stronger than that of the E.U., U.K. and Japan. The majors are at or...
by Michael Bridgman | Jan 30, 2019 | Forex Tips
Recent amendments have done little, time is running out and unless the U.K. can take active measures to prevent a “no deal” Brexit it will leave the EU without a deal on March 29th. Last week’s optimism and rise in the GBP faded today. As the U.K. session got...
by Michael Bridgman | Jan 25, 2019 | Forex Tips
The USD closes the week being sold and gold moved closer to $1300 oz. The USDJPY has not been over the 110.00 yet this year. It rose early in the U.S. session to 109.95 and ran into sellers and started to reverse lower. A short was taken risking 6 pips for a...
by Michael Bridgman | Jan 23, 2019 | Forex Tips
European bourses moved higher as did the FTSE in London going into the U.S. session. An appetite for risk continued as the Dow surged higher after the opening, but it subsequently reversed. The USDJPY found sellers as it moved to test the 110.00 big figure. A...
by Michael Bridgman | Jan 16, 2019 | Forex Tips
The EURUSD was more appealing with a risk of 13 pips for a potential 75 pips to our daily target at 1.1338. An entry short was taken, price moved down to yesterday’s low where it began to retrace in advance of the U.S. open closing our trade for modest gains well...
by Michael Bridgman | Jan 16, 2019 | Forex Tips
Overall the Euro and Sterling are not looking good at the moment and the USD is recovering well this week – as trade talks with China continue to sound positive. As the U.S. session got underway, the EURUSD broke lower and a short was taken risking 8 pips for a...
