Forex Market Outlook 28 March 2019

Market Outlook Commentary – 28 March 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:

  • Forex
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  • Commodities
  • Stock Indices

 

Today's Market Fundamentals

All eyes were on the Speaker of the House John Bercow in the UK yesterday, he was given around 16 options to select from to put in the ballot, parliament will have to narrow it down as May continues to get a third meaningful vote in play. The DUP are still not prepared to back May completely, they are suggesting that the current deal with the removal of the backstop is what they want, the problem with that is that the EU is not offering that deal – what do they say about wanting your cake and eating it too?

Would could prove to be a masterstroke by PM May last night, she offered to resign from her position if her deal was agreed. It is thought that already 40 members of parliament have already switched votes, a total of 75 are needed to get the deal done. We said on Friday that she could throw one last roll of the dice – this is probably it.

Things could get interesting this week!

Today's Market Trading Levels

1. USDCAD SELL 1.3420 – 1.3450

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