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
- Global Equities
- Commodities
- Stock Indices
Today's Market Fundamentals
The market is still a little jittery ahead of possible tariffs increases later today, this looks as though it is going to be the story that dominates the market leading into Monday. Although China have made their way to Washington they have promised to retaliate to any tariff hikes and upped it a notch by firmly opposing sanctions against Iran.
I am not sure how this got to this point but it does seem to me that China possibly backtracked from all reforms, it would seem as though they are not ready for a trade deal and dare I say it – Trump has done the right thing? The market will be waiting on the Chinese response today but with bilateral trade between the two countries, I would expect their retaliation would be limited.
Either way, the market will feed off headlines today and this could sway risk sentiment.
Today's Market Trading Levels
1. EURJPY BUY 122.90 – 122.70
2. AUDJPY BUY 7660 – 7630
[su_divider]
