Forex Market Outlook 28 February 2019

Market Outlook Commentary – 28 February 2019

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

Yesterday was a strange day, the growing tension between Pakistan and India will obviously hinder equity sentiment, and emerging markets will be keeping an eye out on the developments on this story. The main theme of the day was Brexit yet again as PM May gave lawmaker the option to vote against a no-deal outcome and to delay Brexit deadline in two weeks’ time – this may have been a strategy to further put the opposition under pressure.

What materialized showed that PM May never get a meaningful vote through, after the carnage in the Labour Party last week – this vote showed the rift in the Conservative Party too as more than 80 members abstained or voted against the government. Labour will push for a second referendum in the coming days.  

Today's Market Trading Levels

  1. Brent SELL                             6630 – 6670
  1. EURJPY SELL                         126.20 – 126.40           
  1. GBPJPY SELL                          147.70 – 148.00               

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