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
It seems as though the President had a little bit of time to make out after the thanksgiving holiday, I must admit that some of his points I agree with – it’s perhaps the delivery of the message that comes about wrongly. It is believed that the US and China will meet on Friday in Argentina during the G20 summit, the market will be hoping that these tensions thaw somewhat, a good outcome will be an agreement put in place and a bad outcome will be no progress is made at all – true to Trumps style I think that we will see something in the middle and for the relationship to continue to be strained into 2019.
Trump has insisted yesterday that the “caravan” looking for entry into the US will not be granted entry into the US after there was an episode of violence yesterday at the San Jose border. He even suggested that he would be happy to close the border to Mexico if need be, I actually do agree with Trump on this matter as it would send a precedent if he allows them in – don’t be surprised if we see the wall getting built, and don’t be surprised if the gets it passed.
We can’t escape Brexit at the moment and reports are surfacing that Parliament are willing to back May’s deal – if she sets a retirement date. This to reiterates how indecisive the UK Parliament are at the present time, they will mark this as a victory but this was PM May’s plan before she even took office. Either way, this vote will mean that a hard Brexit is unlikely and the performance of the pound will hinge on this vote as a ratified deal will see the GBP trade at 1.33 whilst a rejection means the GBP could shed another 10% of value.
Today's Market Trading Levels
- Brent BUY 60 – 59.30
- WTI BUY 08 – 50.60
[su_divider]
Read Our Most Popular Articles Below, It's Worth It!
