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
Today's Market Fundamentals
The day was not as eventful as what was first anticipated, the big movers throughout both session were the AUD and NZD pairs as they were dragged lower on risk aversion. The reason for the risk aversion was again US – China trade tensions with as for the first time in recent history the APEC summit failed to make a statement, it seems the bipolar nature of Trumps negotiations are again creating some uncertainty.
The pound did find a little respite this morning as Theresa May managed to put the brakes on, this could all change today though as the votes of no confidence start to trickle in. The narrative for the Brexit saga has turned from the deal to that of a leadership vote, it was reported last night that there were over 50 letters that will ask May to face a vote of no confidence. She did talk about carrying on with her job, rather awkward as she may not be in the job by this evening but I don’t think removing her will change the position the UK are currently in.
Today could be a big day, perhaps one to stay out of heading into the Thanksgiving weekend.
Today's Market Trading Levels
- Brent BUY 66.00 – 65.65
- AUDCAD BUY 9610 – 0.9630
- AUDNZD BUY 0630 – 1.0610
[su_divider]
Read Our Most Popular Articles Below, It's Worth It!
