by Michael Bridgman | Mar 18, 2022 | Forex Tips
Despite this being the first of four triple witching days of 2022, the volatility didn’t appear to be more than we have been experiencing lately. After a steep sudden sell-off yesterday following the 25 bp interest rate increase in the U.K., the GBPUSD today moved...
by Michael Bridgman | Mar 15, 2022 | Forex Tips
The North American traders will be starting effectively an hour earlier and overlapping with the European and U.K. markets for an extra hour this week and next until Europe and the U.K. move their clocks ahead for Daylight Savings Time. Today after the economic...
by Michael Bridgman | Mar 11, 2022 | Forex Tips
Trading currently is very volatile. The invasion of Ukraine and sanctions on Russia have created so much uncertainty that the financial markets are extremely volatile. Today the CAD was very strong going into the U.S. session overlap and the EUR was very weak. Traders...
by Michael Bridgman | Mar 3, 2022 | Forex Tips
The GBPUSD oscillated in a tight range during the first half of the U.K. session. As it moved lower to its Asian session low early in the U.S. session overlap, an entry was taken risking 15 pips for a potential 107 pips to our daily target at 1.3270. Price moved lower...
by Michael Bridgman | Feb 25, 2022 | Forex Tips
Volatility continues as the markets attempt to decipher the impact of the Ukraine invasion by Russia, the waning infection numbers from the Covid 19 virus and the imminent rate hikes due to begin in March. Trading has been tricky since the corona virus first surfaced...
by Michael Bridgman | Feb 7, 2022 | Forex Tips
A quiet Monday with little economic news to drive price. The USDCAD made a brief move higher as North American traders began their day. Price then reversed lower following a bearish engulfing candle. A short was taken risking 14 pips for a potential 40 pips to our...
