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:
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Today's Market Fundamentals
The narrative on Friday was whether Thursday was in fact a turnaround day or if it was just a “dead cat” bounce. With all the fed talk lately being a little dovish with slower growth a real concern going forward and the uncertainty of a possible trade war means that Fed may take a wait and see approach – I can’t see how this will not weaken the dollar. There is talk that chief trade negotiator for China will visit the US at the end of the month.
The highlight of the day was more the pound as headlines that Brexit may be delayed beyond the March 29th deadline, Parliament is seeing a delay in Article 50 as “increasingly likely.” PM May is insistent that this is not an option but if she loses the vote this week then it is difficult to see anything else.
We have some interesting times ahead of us – starting with this week – you get the impression that this Brexit vote tomorrow really is the tail that may wag the dog.
Today's Market Trading Levels
- Gold SELL 1292 – 1296
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