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
Another subdued session as the market digested the FOMC meeting outcome from Wednesday night, participants were looking for some new theme to cling to in the trading day. The BOE as expected left rates unchanged and the UK parliament did not include any Brexit debate on its agenda for next week – a boring day then.
It seemed as though traders were willing to wait the day out in the hope that NFP numbers will give the market a jolt later today. I will still keep an eye out for headlines out of China as well as news out of Iran sanctions.
I am also going to be sitting out of the dollar denominated pairs today because of NFP data and will instead look to trade commodity currencies against each other.
Today's Market Trading Levels
1. AUDCAD BUY 0.9420 – 0.9400
2. DE30 SELL 12350 – 12380
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