Did you know that The Forex or FX Market derives its name from Foreign Exchange. It is essentially the exchange of currency (money) between two different countries. The FX market is the largest financial market in the world, and is open 24 hours per day, 5 days per week. BlackStone Futures provide a User Friendly trading environment in YOUR journey to Profitability on:
- Forex
- Global Equities
- Commodities
- Stock Indices
Click: Join Our Facebook Trading Community!
In the Zone
- GBPJPY
- Brent
- USDJPY
Click HERE for Detailed Levels
Today's News Headlines
- With the NAFTA talks out of the way, it would seem as though the US are prepared to turn their attention to trade talks with China.
Market Recap
The market seemed to have braced itself for a bumper NFP number on Friday, but looking at both the US and Canadian jobs report – the market did not really come to the party. The US report was soft but was cushioned by higher revisions, the poor wage growth was saved by lower unemployment rates. The USD did jump at first, but it wasn’t long before the greenback spent the best part of Friday weakening.
All eyes are currently on Brexit headlines, and it was another positive comment that the EU are set to offer the UK a bumper trade deal sent the GBP soaring by 100 pips to end the week positive. Monday will be an interesting day, but I suspect that any deal is nowhere near as positive as the headline and there may perhaps be a small retracement in the offing.
Markets are tough at the moment with headlines creating unpredictable volatility. I have been focusing my attention on Brent Crude and intraday opportunities in the indices, I don’t see any reason to change my strategy for now.
Important Economic Data Due Today
All Day CAD Bank Holiday
Consensus: None
Effect: Reduced liquidity
All Day USD Bank Holiday
Consensus: None
Effect: Reduced liquidity
[su_divider]
Read Our Most Popular Articles Below, It's Worth It!
