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
There was a lot of news over the weekend to make the Monday session pretty lively, we all know that President Trump temporarily opened the government, the bad news is that he has not really changed the tone in his rhetoric. There is a theory that he may even get more adamant to get the funding for his wall, should this mean that investors should consider dumping the greenback again – not for now, but there could be trouble if nothing is done before 15 February.
Despite reports that Northern Ireland would be willing to come to some agreement around the border, we heard that the Republic of Ireland would not accept any changes to an agreement – I am not certain that they have much of a say, but it does illustrate the problems that still persist. On a good note, it was reported that privately PM May has told cabinet that she is ready to rule out “no-vote” and in so doing will put the ball firmly in Labours court.
We have the Brexit vote today, Fed meeting on Wednesday, US-China trade talks, and Non-Farm Payrolls still to come this week – brace yourself!
Today's Market Trading Levels
- GBPJPY SELL 05 – 144.50
- GOLD SELL 1305 – 1310
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