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
There seems to be winds of change sweeping though the European continent at the moment, we already knew that Merkel in Germany had planned to step down. Yesterday though, despite the late withdrawal of a parliamentary vote by PM May, rumours started filtering through that the conservatives had sent the 48 letters needed to trigger a no confidence vote on May. In France, opposition parties have filed a no confidence vote in Macron – it seems as though things could get interesting.
Reports out of Germany are reporting that the meeting between May and Merkel was well received and that the two were going to work hard together to get the deal over the line. Merkel however has told parliament that there are to be no more negotiations, another case of the media getting mixed signals I wonder. My opinion on this matter lies with the UK parliament though, the EU are trying to tell the UK how to run their affairs – and pay for the privilege to – I am starting to think a “no deal” is better than the current deal.
Donald Trump was active on his twitter account yesterday, he boasted at how many soybeans the Chinese were buying and the oddly he stated that the Huawei could be released in a trade deal with China – he really does over estimate the amount of power he has. Ahead of the FOMC next week, Trump is also speaking at how silly the Fed would be to raise interest rates – sounds like he is trying to interfere in the decision making of an independent body.
Today's Market Trading Levels
- EURGBP SELL 9054 – 0.9074
- NZDCAD SELL 9230 – 0.9250
[su_divider]
Read Our Most Popular Articles Below, It's Worth It!
