by Michael Bridgman | Nov 8, 2018 | Forex Tips
The major event risk for the week was the outcome of the U.S. mid-term elections. The market was not caught off guard, as it had anticipated a divided Congress with a Republican Senate majority and a Democratic House of Representatives majority. The U.S. economy will...
by Michael Bridgman | Nov 6, 2018 | Forex Tips
Traders have been awaiting the results for the U.S. mid-term elections. The EURUSD oscillated up and down today in a fairly subdued range. The pair made a higher lower with a bullish engulfing candle closing back within its Asian range and an entry long was...
by Michael Bridgman | Oct 31, 2018 | Forex Tips
I am not a EURUSD bull and find it hard to make a case for not shorting the pair when it sets up. Some concerns that continue to weigh on the euro include who down the road will replace Angela Merkel in Germany, Brexit outcome, Italian budget, and moderate growth and...
by Michael Bridgman | Oct 30, 2018 | Forex Tips
The USD strength continued today and the EURUSD and the GBPUSD both moved down. We are a week away from the U.S. midterm elections. As the GBPUSD began to move down in the U.S. session today, a short was taken risking 17 pips for a potential 46 pips to our...
by Michael Bridgman | Oct 29, 2018 | Forex Tips
The EURUSD formed a double top today and dropped back into its Asian range in advance of the U.S. open. Risking 17 pips for a potential 65 pips to our daily target at 1.1334 we entered short. As price moved down we moved our stop loss to plus 1 as the U.S. market got...
by Michael Bridgman | Oct 26, 2018 | Forex Tips
When the markets are anxious “risk off sentiment” money flows tend to move toward the yen, Swiss franc and gold. Equity markets can be seen as an indicator of fear and greed. The U.S. equity markets sold off on Wednesday erasing gains for 2018. On Thursday the markets...
